Crested Butte & Mt. Crested Butte Market Report- 2nd Quarter 2022
The Crested Butte Real Estate Market had a steady second quarter. The Number of Sales for single-family homes is down 39%, and the Average Sales Price is up 45%. Condo/Townhomes are down 35%, and Land sales numbers are down, but the average sales price is up 48%.
With a more steady inventory and higher home prices, buyers see more value in buying a pre-existing home. Many Buyers and Sellers wonder if prices will drop and/or level off? The last few years have been exceptionally busy, and as more people come to our valley, the demand for homes will continue to be strong. This rate of growth will likely not continue at the pace it has, yet I also don’t see Crested Butte having the significant downturns it has had in the past.
If you are curious about your home value, please reach out for a free home valuation. For those looking to buy, it’s not too late – 10 years from now, you will be happy you got in the market when you did!
The Howe Group would love to share their knowledge of the real estate market with you. Please contact us at any time to learn more about our market. If you would like to see the latest inventory, please visit our website.