December 2, 2024
Happy Ski Season from Crested Butte!
Exciting times around these parts. Over 3 feet of snow fell just before the Thanksgiving holiday making this season’s start one of the best I can remember in my 34 year history here. It’s always better skiing natural snow vs that man made stuff and we got lucky. Get out there and get those ski legs in shape.
Speaking of legs. Another amazing year in our valley’s real estate market is coming to a close and the one thought that comes to mind? This real estate market has leg. Throughout 2023 it was a challenge dealing with all of the negative sentiment. Many folks assumed our local marketplace would suffer the consequences of national economic woes, election year politics, high interest rates and even higher costs of construction. Perhaps those assumptions were just secret hopes and dreams that prices would drop and our real estate would magically become more attainable. The reality? It’s not getting easier or cheaper to buy real estate in our valley. Values are higher than last year and we’re breaking sales price records in communities like Skyland, Buckhorn Ranch and Crested Butte South.
The highest price ever paid for a home in Skyland aka the Club at Crested Butte is $4.7MM for the March 2024 sale at 67 Wapiti Way (listed by LIV Sothebys). That sale is going to look like a bargain after these two pending LIV Sothebys listings sell.
The all-time high sales price for a home at Buckhorn Ranch was the 2022 sale ($3.175M) for an older airstrip home. This Fall, another airstrip home sold for $4,625M smashing the record.
Another sales price record is about to be set for a small lot home on the south side of Buckhorn Ranch. This home: listed at $2.9M is now pending. This sale will break the previous 2022 record ($2.2M) for a south of the airstrip location by a big margin.
Down in Crested Butte South another sales price record was just broken. This 2015 built home is now the highest priced home ever sold at $1.685M. And, this CB South listing at $2.175M is pending which will take the sales price record even higher. In Crested Butte South both the average ($1.25M) and median ($1.265M) sold prices are higher than ever jumping over $100K for each metric compared to 2023. Amazing.
Perhaps it is time to hop off the fence in Crested Butte and do some Christmas shopping for that dream house or piece of land. For a deeper perspective of our local marketplace reach out to me anytime.
Enjoy The Snow,
Channing Boucher
970-596-3228
