Crested Butte and Mt. Crested Butte Year-End Market Report

2023 was an interesting year in real estate. Nationally, many areas experienced a decrease in sales, yet in Crested Butte, single-family homes had a 5% increase in sold listings and a 7% increase in sales volume. Condos and townhomes had an 11% increase in average sales price, yet the number of sold listings and total volume were down. We saw a softening in land sales, which wasn't surprising. With the cost to build at an all-time high, many buyers have switched to purchasing a pre-existing home instead. Inventory has shifted from a five-month supply in 2022 to a seven-month supply in 2023.

An interesting note….we had twice as many cash sales as loan sales ($128M vs. $63M). This indicates that interest rates don’t affect us as much as other areas.

For those planning to sell their Crested Butte home, feel free to reach out to us for a free valuation.

The Howe Group would love to share its real estate market knowledge with you. Don't hesitate to contact us anytime to learn more about our market. If you would like to see the latest inventory, please visit our website.