Real Estate Market Update ~ November 2021

Current Market Conditions for November 2021

Residential sales volume through October totaled $372,339,800 which is up $120,808,423 from this time last year. Number of transactions were also up (330 compared to 275). The average sales price, $1,128,302, is up 19% from $914,659 at this time last year. Currently there are 74 properties under contract totaling $83,964,700; 27 of which are listed at $1mil or more including this beautiful six bedroom Prospect home listed by our office for $6,000,000.

The Q3 Micro Market Reports are out! As we closed out the third quarter of 2021, Colorado’s real estate markets are still buzzing with buying and selling activity. See how Crested Butte and surrounding areas have performed so far this year by checking out LIV Sotheby’s International Realty’s Q3 Micro Market Reports for Crested Butte. 

 

October Sales

In October, we had 13 single family home sales and 22 condo/townhome sales in the upper valley. These 35 sales totaled $35,977,500 which was down $28,856,000 from September. Sales ranged from a Grand Lodge studio unit selling for $132,500 to a stunning four bedroom home sale in downtown Crested Butte selling for $3,325,000.

Land transactions were down 8 from the previous month with 16 sales totaling $8,618,500 in volume. This represents a decrease in volume of $12,181,500 from September. Sales ranged from a Buckhorn Ranch lot for $175,000 to a Smith Hill Road parcel selling for $1,500,000.

SF = single family residence

Active Listings

Inventory continues to decline with 17 less listings this month.

CRESTED BUTTE SOUTH
2 homes (-1*)
0 condos/town homes (-1*)

* Change from last month in parentheses

Current Inventory

SF = single family residence

 

Leading the Market

*Source: CREN December 31st, 2020

All reported statistics were not necessarily listed/sold by Crested Butte Collection. Information is intended only to show trends in the area.