Fall Market Update
Happy Halloween!
No tricks just treats in Crested Butte today. It happens every year at this time in our little mountain town. Summer real estate shopping turns to Fall dealmaking and then closings as we near the ski and holiday season. We tend to see a large volume of our annual real estate sales during the last few months of the year. 2025 is a little different due a limited supply of desirable offerings but we’re ending the year with impressive results nonetheless.
Currently, the upper valley marketplace has 33 residential properties under contract and almost $60M in pending sales volume. 12 of these deals are single family homes. Remarkably, the average list price of these 12 homes is $2.7M and the median list price is $2.3M, the highest averages we’ve ever seen in Crested Butte.
Year-to-date, 65 single family homes have sold representing $180M in volume. In 2024, our market absorbed 75 home sales and $193M in volume so we’re on track to better last year’s performance. Greater volume and higher sales prices across the board. Impressive.
And, year-to-date, 76 condos and townhouses have sold representing another $54.5M in volume. Right now, there are 21 condo and townhouse deals pending representing $26M in additional volume. In 2024, the market absorbed 104 condos and townhouses reaching $67M in total volume. We’re on track to better last year’s sales volume with less transactions. Equally impressive.
Congratulations to our local LIV Sotheby’s Crested Butte office! We just experienced the strongest single-month sales performance (September) in the entire history of the company! I’m lucky to be a part of this group of dedicated long time locals and brokers!
Thanks for reading today. For a deeper perspective of our local real estate market contact me anytime!
Channing in Crested Butte
970-596-3228
