Current Market Info
Labor Day 2025
Greetings from Crested Butte,
It happens every year during the summer months around here. Real estate shopping picks up speed after July 4th and then in August folks start making decisions on properties and casting offers. We get to late August and the local MLS ticker tape lights up as real estate listings go under contract. As we inch closer to Fall and early winter the sales contracts make it to the closing table and folks secure their place before ski season and the holidays. I’ve always referred to this time of year as “nesting” season. It’s an emotional time of year. People like making a nest with dreams of going skiing and enabling family and friend gatherings at Christmas and New Years. After a quiet early summer our local market is doing it again. Nesting season is upon us and real estate around Crested Butte is moving.
Right now we have 55 residential properties ($110 million) under contract from CB South to Mt Crested Butte.
Here is the breakdown: 28 single family homes under contract representing $78 million in volume. Incredibly, the average list price of these 28 homes is $2.8MM!
Year to date market performance has reached 106 closed properties and $152 million in sold volume. And, what is most impressive to me is the top end of the marketplace. So far in 2025, 20 homes have sold at or above $2M. And, 20 of the current pending deals are valued from $2M all the way up to over $8M.
For the condo and townhome segment of our local market, 27 listings are under contract representing $31 million in volume). Average list price for these transactions is $1.15M.
The vacant land and homesite segment is performing too. Year to date 42 undeveloped properties have sold representing $27M in volume and we have 13 parcels under contract at the moment.
Happy Nesting Season!
Channing Boucher
LIV Sothebys International Realty – Crested Butte Office
970-596-3228