Mid Year Market Update
Greetings from Colorado!
We’re at the mid way point of 2026 and on the cusp of our busy summer selling season in Crested Butte so hey what a good time for a local real estate market update.
The storyline of the first half of the year? Sales prices are still rising. Since Vail Resorts came to town in 2019 we’ve seen consistent increases in annual investment volume and significant increases in sales prices for all property types but at this point in the year the numbers are quite impressive considering all of the external political and economic impacts.
When it comes to the single family home segment things are really jumping. So far in 2026 we’ve sold 23 homes with the average sold price ($3.2M) rising 24% year-over-year and the median sold price ($2.525M) jumping 31% year-over-year. 14 of these 23 sales were all cash transactions. 6 homes are currently under contract representing $18M in list price value.
A similarly impressive jump is happening with our local multifamily (condos and townhouses) segment. The average sale price ($969K) is up 14.7% (from $845K) and the median sale price ($825K) is up 13.2% (from $729K). And, more condos and townhouses were purchased with cash vs. a mortgage.
None of this is too surprising to me. The costs of construction (GC fees, labor, materials) and borrowing costs skyrocketed over the last 5 years and lead times on new builds are 2-3 years to completion. This situation alone pushes most people to shop existing homes and condos. Thanks for reading today. For a deeper perspective of the local market contact me anytime!
Channing Boucher
970-596-3228
