Real Estate Market Update February 2021

Current Market Conditions for February 2021

The incredible momentum we saw this fall and early winter continues as we head into February. The market remains strong as ever with $23,141,500 in residential sales volume through January. This is up $14,768,450 from last year along with the amount of transactions (26 compared to 15). The average sales price, $890,057, is up an incredible 37% from $558,203 last year. Currently another 72 properties are under contract totaling $67,165,700, 22 of which are listed at $1mil or more including a beautiful McCormick Ranch home listed with our LIV Sotheby’s International Realty office.

January Sales

In January, we had 11 single family home sales and 15 condo/townhome sales in the upper valley. These 26 sales totaled $23,141,500 which was down $26,106,275 from December. Sales ranged from a two bedroom Grand Lodge condo selling for $125,000 to a coveted, west end home in the town of Crested Butte selling for $3,400,000.

Land transactions were down 13 from the previous month with 16 sales totaling $11,920,000 in volume. This represents a decrease in volume of $3,085,000 from December. Sales ranged from a Buckhorn Ranch lot selling for $99,000 to a Sixth Street parcel selling for $5,500,000.

SF = single family residence

Active Listings

Inventory remains low with 18 fewer listings this month.

CRESTED BUTTE SOUTH
0 homes (n/a*)
0 condos/town homes (n/a*)

Current Inventory

Leading the Market

*Source: CREN December 31st, 2020