Q1 2024 Crested Butte Market Update
By Channing Boucher, Crested Butte's Trusted Real Estate Advisor
(LIV Sotheby's International Realty)
Greetings from Crested Butte Colorado! Contrary to what many assume Crested Butte's real estate market continues to improve and the trend is not great if you've been sitting on the sidelines expecting the market to retreat. A quick study of our year-over-year performance reveals that price and value are rising, the inventory of available residential properties remains low and high mortgage interest rates do not appear to be impacting us negatively. During the first quarter of 2023 our local market realized just 11 single family home sales which equated to $18.6 million in volume. The median sold price of a home was $1.585 million. During the first quarter of this year, our local market hit 18 single family home sales and just over $48 million in sales volume. But the most revealing...
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