Crested Butte Real Estate

SALES ACTIVITY: January 1 thru December 31, 2015

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

MARKET SALES UPDATE: January 1, thru December 31, 2015

Single family home sales in Mt. CB:

26 sales – range $310,000 to $3,937,500 – Total volume $25,178,500 – Increased volume up $8,081,230 over 2014.

Single family home sales in the Town of Crested Butte:

25 sales – range $290,000 to $1,925,000 – Total volume $19,963,500 – Decreased volume of $9,866,795 over 2014

Single family home sales in surrounding Rural CB & Mt. CB:

36 sales – range $375,000 to $4,000,000 – Total volume $44,626,500 – Increased volume up $17,647,500 over 2014

 

Condominium/townhome  sales in Mt. CB:

84 sales – range $42,500 to $1,075,000 – Total volume $22,471,948 – Decreased sales by 47, decreased volume of $10,730,191

Condominium/townhome sales in the Town of CB:

12 sales – range $164,000 to $740,000 – Total volume $4,499,700 – Decreased volume of $189,050

Condominium/townhome sales in surrounding Rural CB & Mt. CB:

13 sales – range $68,000 to $772,661 – Total volume $3,573,461 – Decreased volume of $2,317,625

 

Vacant land, building site sales in Mt. CB:

13 sales – range $36,000 to $510,000 – Total volume $3,449,500 compared to $2,705,680 in 2014

Increased volume in 2015 $743,820

Vacant land, building site sales in the Town of  CB:

9 sales – range $90,000 to $837,250 – Total volume $4,840,250 compared to $2,332,175 in 2014

Increased volume in 2015 $2,508,075

Vacant land, building site sales in surround Rural CB & Mt CB:

42 sales compared to 20 sales in 2014 – range $25,000 to $775,000 – Total volume $7,742,000 compared to $4,216,500 in 2014

Increased volume in 2015 $3,525,500

 

2015 Sales Stats: SOLDS from January 1, 2015 to December 31, 2015.

196 single family homes and condominiums/townhomes SOLD from January 1, thru December 31, 2015 – Compared to 235 in same timeframe as 2014. Largest difference is the 47 fewer condos sold in Mt. CB in 2015.

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

SOLD stats 2015 compared to 2014: January 1st, thru December 31st

SINGLE FAMILY – CONDOMINIUM – TOWNHOMES

 

# DAYS ON MARKET 2015             HIGH     LOW      AVG       MED      

                                                              1,854         0          299          201                                                   

 

COMPARED TO 2014 #                   HIGH     LOW       AVG       MED

                                                              1,387          12         272         182    

 

LIST PRICE  2015              HIGH               LOW             AVERAGE            MEDIAN           TOTAL                   

                                              $4,600,000       $47,000          $657,820                $449,500            $128,932,789

 

COMPARED TO 2014        HIGH              LOW             AVERAGE            MEDIAN           TOTAL

                                               $5,100,000       $44,900        $546,361                $348,750            $128,394,998      

 

SOLD PRICE 2015               HIGH             LOW             AVERAGE            MEDIAN           TOTAL         

                                                $4,000,000       $42,500         $613,842              $434,250            $120,313,109   

 

COMPARED TO 2014          HIGH              LOW           AVERAGE         MEDIAN           TOTAL

                                                $3,900,000        $44,900         $500,800             $310,000             $117,688,040

 

CURRENT LISTINGS IN THE AREA: HOMES, CONDOMINIUMS, BUILDING SITES, LAND as of  1/27/2015

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 – 94 homes, listing value of $143,444,698 compared to  $177,560,798 in 2014, average days on the market is 341
  • Current condominiums/townhomes listed for sale in same areas above – 124 units with a listing value of $49,649,200, average number of days on the market is 339
  • Current building sites and 35+ acre parcels listed for sale in the same areas above – 186 compared to 213 properties in 2014, with a list value of $115,577,449average number of days on the market is 703

 

SALES HIGHLIGHTS, PARTIAL LIST OF SALES IN 2015: CHARLIE AND JOEL 

HOMES:

  1. 25 Walking Deer, Prospect Mt. Crested Butte, $3,000,000, closed 9/15/2015
  2. 19 Red Lady Way, Mt. Crested Butte, $1,332,500, closed 10/1/2015
  3. 44 Cinnamon Mountain Rd., Mt. Crested Butte, $740,000, closed 12/17/2015
  4. 7 Glacier Lily Way, Glacier Lily, $790,000, closed 8/5/2015
  5. 20 Paradise Road, Mt. Crested Butte, $392,000, closed 12/3/2015

CONDOS:

  1. Unit 310 Grand Lodge, Mt. Crested Butte, $59,000, closed 2/20/2015
  2. Plaza unit #638, Mt. Crested Butte, $200,000, closed 3/27/2015
  3. Lodge at Mountaineer Square #315, Mt. Crested Butte, $499,950, closed 10/30/2015
  4. Unit C-1, Crested Mountain Condos, Mt. Crested Butte, $585,000, closed 12/22/2015

LAND:

  1. Lot S-113 and S-114, Skyland, $400,000, closed 8/20/2015
  2. Smith Hill Ranch #3, 35.40 acres, $750,000, closed 5/07/2015
  3. Lot S-175, Skyland, $775,000, closed 10/1/2015
  4. Lots 19 thru 22, 28 thru 42, VILLAS AT MT CRESTED BUTTE PHASE V, $800,000, closed 7/2/2015

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