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Year-End Market Report

The Crested Butte Real Estate Market had an interesting year, the Average Sales Price is up for all categories, yet the number of sales was significantly lower. During 2022, I noticed sale prices continued to rise into early summer, then leveled off, and finally, we had some price corrections as we finished up 2022. We came off unprecedented times; the market so heavily favored Sellers. Buyers were feeling completely beat up and ready to throw in the towel. With this slowdown, we are entering a more balanced market; months of inventory have been trending around six months. Buyers have more time to make educated decisions and can better negotiate prices and terms.

If you are curious about your home value, please reach out for a free home valuation. For those looking to buy, it’s a great time to get in the market. If you want to make this an investment home, rental income has been the highest I’ve seen, making it easier to cover your cost and earn some extra income.

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.

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