Good day from Crested Butte,
The market for real estate around here has picked up its pace after a sluggish early summer. Buyers seem to be enjoying the large inventory of available properties in all price ranges. Currently, we have over 700 residential properties actively listed and just over 320 land and ranch parcels for sale in our local market (from Almont north to Mt Crested Butte.)
Year to date, we’ve seen 76 residential sales representing a volume of $56+ million. The average sales price was $741,247. The softest segment of our market is vacant land and 35 acre ranch parcels. With growing inventories and quiet demand, land and ranch deals have reached only 26 sales ($15 million in volume) thus far in 2008. The average sales price was $550,000. We are definitely behind last year’s pace in terms of transactions and volume but these numbers reflect sustained demand for Crested Butte area property in the face of our national economic woes.
Thanks for visiting! Channing Boucher
Crested Butte Real Estate Agent
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