Crested Butte First Quarter Market Report

Crested Butte First Quarter Market Report

The first quarter of 2024 saw a steady real estate market throughout the busy ski season. Sold listings and sales volume of single-family homes, condos/townhomes, and luxury listings have increased, while land sales have decreased. I found the average sales price for single-family homes misleading, so I added the average price/square foot to help give a better idea of our market. Yes, single-family home sale prices have gone up, but to say overall prices have risen 57% is not the case (just higher-priced homes sold). That brings me to our luxury buyers; not only have I seen more higher-end homes sell, but many sell for cash.

Some markets are seeing a slowdown in sales due to higher interest rates; yet with so many of our buyers paying in cash, our market continues to be strong. Our list-to-sales price for homes is between 95%-98%.

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.