The 2015 Crested Butte real estate market is off to a strong start with 21 condo and home sales valued at $8,668,000. This is three sales short from the same period last year but the reduction off of list price was only an average of 5%, a 3% decrease from all sales in 2014. With another 32 properties under contract totally more than $19,000,000 it is evident our market continues to improve. A notable sale was 40 Anthracite Drive in Mt. Crested Butte that sold for $1,450,000 of which I assisted both buyer and seller.
Land sales are making the biggest come back compared to the same period last year. 14 parcels totalling $3,514,000 have sold so far compared to only 6 the same period last year amounting to just $322,000. A notable sale was a vacant lot in the town of Crested Butte for $650,000.
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Nearly 80% of Housing Markets Are Stabilizing