Crested Butte Real Estate

FIRST QUARTER 2014 Sales Stats

Charlie and Joel, Real Estate Brokers.

Charlie Farnan and Joel Vosburg attained Triple Gold and Double Gold status in their first year with Keller Williams Realty, which ranked them #1 and #2 in the Crested Butte and Vail Keller Williams Market Center. They have been Top Producers for over 25 years in the Crested Butte real estate market. Their office is located at 211 Elk Avenue, downtown Crested Butte, upstairs in suite C – The Mountain Office. 

Give us a call and let us put our proven record to work for you. Whether you are buying or selling we will deliver the best service and results, we have been top producers in the Crested Butte area for over 30 years.  Our office is located at 211 Elk Avenue, downtown Crested Butte, upstairs in suite C – The Mountain Office. Drop by and see us – check out the view we have of the Elk Mountain Range.

Check out this link to the ELK MOUNTAIN REAL ESTATE REVIEW. We have placed a Full Back Page ad in the Review, a first class professional publication that is available everyday all over the county. Elk Mountain Review link: Elk Mountain Real Estate Review

FIRST QUARTER 2014 SALES STATS:

33 single family homes and condominiums SOLD year to date March 31, 2014 – Compared to 48 in First Quarter of 2013.

Market area: Crested Butte, Rural Crested Butte, Mt. CB and Rural Mt. CB

SOLD stats First Quarter 2014 compared to First Quarter 2013:

DAYS ON MARKET 2014

HIGH     LOW      AVG       MED

933          23           237          182

COMPARED TO 2013

HIGH     LOW       AVG       MED

1,387      13            242         164

 

LIST PRICE  2014

HIGH                 LOW          AVERAGE         MEDIAN          TOTAL

$3,900,000       $59,000     $565,855        $396,750       $27,161,050

 

COMPARED TO 2013

HIGH                  LOW          AVERAGE         MEDIAN          TOTAL

$1,950,000       $62,900     $470,496        $299,000      $15,526,400

 

SOLD PRICE 2014

HIGH                 LOW         AVERAGE         MEDIAN          TOTAL

$1,925,000       $59,000      $447,034         $275,000      $14,752,136

 

COMPARED TO 2013

HIGH                  LOW         AVERAGE        MEDIAN         TOTAL

$2,964,000      $50,000       $512,613        $394,254      $24,605,425

 

CURRENT LISTINGS IN THE AREA: HOMES, CONDOMINIUMS, LAND BUILDING SITES as of  4/1/2014

Rural CB and Rural Mt. CB are the surrounding areas i.e., Skyland, Meridian Lake, Trapper’ Crossing, Red Mountain, Smith Hill Ranches, etc.

  • Current single family homes listed for sale in CB, Mt. CB, rural CB and rural Mt. CB – 127 homes, listing value of $187,119,548, average days on the market is 351
  • Current condominiums/townhomes listed for sale in same areas above – 180 units with a listing value of $71,377,447, average number of days on the market is 347
  • Current building sites and 35 acre parcels listed for sale in the same areas above – 205 properties with a list value of $130,009,182 – ave number of days on the market is 707

Source of information: Gunnison Country Association of Realtors Multiple Listing service.

YEAR OVER YEAR STATS: 2013 COMPARED TO 2012

MARKET STATS for year end 2013 Compared with year end 2012 in the north end of the valley including Crested Butte, Mt. Crested Butte, Rural CB and Rural Mt. CB.

1. Single Family homes sold in 2013 = 93 - Compared to 2012 = 68  (Areas: CB, Mt. CB, Rural CB, Rural Mt. CB)

  • Sold price range in 2013: $155,000 to $4,250,000 –  2012: $95,000 to $4,000,000
  • Average price sold 2013: $896,252 - 2012: $760,604
  • Total sales volume 2013: $83,351,485 – 2012: $51,721,113

**Sales Highlights 2013:

  1.  722 Prospect Dr., Prospect (6 bdrm/6 bath 7,056 sq ft.) $4,250,000,
  2. 17 Timberland, Mt CB (5 bdrm/6 bath 4,680 sq ft.) $1,225,000,
  3. 481 Reservoir Rd., Trappers Crossing (7 bdrm/6.5 bath 6,909 sq ft.) $3,700,000,
  4. 420 Journeys End Rd., Town of CB (4 bdrm/3.5 bath 2.909 sq ft.) $2,100,000,
  5. 90 Trent Jones Way, Skyland (4 bdrm/3.5 bath 4,509 sq ft.) $1,415,000

 25 more single family home sales in 2013 vs. 2012, Higher ave. sold price by $135,648, Higher Sales Volume by $31,630,372

2. Condominiums/townhomes sold in 2013 = 128 – Compared to  2012 = 103 (CB, Mt.CB, Rural CB, Rural Mt.CB)

  • Sold Price range in 2013: $43,000 to $932,500 – 2012: $39,500 to $1,200,000
  • Average price sold 2013: $$265,729 – 2012: $274,665
  • Total sales volume 2013: $34,013,402 – 2012: $28,290,505

**Sales Highlights 2013:

  1. #7 Silver Ridge Townhomes, Mt. CB (3 bdrm/3.5 bath 2,084 sq ft.) $932,500,
  2. WestWall Lodge C103, Mt. CB, (3 bdrm/3.5 bath 1,964 sq ft.) $874,000,
  3. 100 Snowmass Rd. 27B, Mt. CB (4 bdrm/5.5 bath 3,265 sq ft.) $700,000,
  4. 10 Links Lane, Skyland (4 bdrm/4bath 2,648 sq ft.)  $750,000,
  5. 88 Birdie Way, 10A Fairway Park, Skyland (3 bdrm/3.5 bath 2,524 sq ft.) $605,000,

 25 more condo/townhome sales in 2013 vs. 2012, Lower ave. sales price by $8,936Higher Sales Volume by $5,722,897

3. Vacant land (Building sites up to 41 acres) sold in 2013 = 54 sales – Compared to 2012 = 45 sales

  • Sold price range in 2013: $13,600 to $1,250,000 – 2012: $27,500 to $775,000
  • Average price sold 2013: $245,816 – 2012: $235,782
  • Total sales volume 2013: $13,274,086 2012: $10,610,200

9 more sales in 2013 vs. 2012, Higher ave. sales price by $10,034, Higher Sales Volume by $2,663,886.

**Sales Highlights 2013:

  1. #6 Danni Ranch Estate, 35.04 acres, $515,000,
  2. 2 Ruth’s Rd, Kapushion Lot 14, Town of CB, $1,250,000,
  3. 4 Ptarmigan Trail, Prospect C-19, Prospect Mt. CB $219,000,
  4. 15 Ruby Dr. Lot 37 CVA 11 Mt. CB $107,500,
  5. 545 Country Club Drive S-131, Skyland $150,000,
  6. 204 Larkspur Loop S-46, Larkspur $67,000

 **Joel and Charlie Sales Highlights in 2013 to date (sales involving either side of the transaction, Seller or Buyer)

 CURRENT LISTINGS IN THE AREA: HOMES, CONDOMINIUMS, LAND BUILDING SITES as of 12/31/2013

  • Current single family homes listed for sale in CB, Mt. CB, rural CB and rural Mt. CB – 134 homes, listing value of $188,893,349, average days on the market is 362
  • Current condominiums/townhomes listed for sale in same areas above – 179 units with a listing value of $71,733,614, average number of days on the market is 347
  • Current building sites and 35 acre parcels listed for sale in the same areas above – 192 properties with a list value of $121,650,082 – ave number of days on the market is 719

 Source of information: Gunnison Country Association of Realtors Multiple Listing service