With Vail at the helm, it was surprising to see condo/townhomes take such a big hit with a 44% decrease in sales, although that could be due to higher sale prices, up 27% and lower inventory. Single Family homes were strong with a 30% increase in number of sales and just a slight decrease in sale prices. Land sales had a nice bump, sale prices were up 26%. When talking to Buyers and Sellers, many have reported they are in a holding pattern, waiting to see what Vail does and the effect it has on our town.
Overall, Crested Butte real estate prices are still predominately lower than other resorts and most agree the value is there. Our real estate is directly influenced by the number of visitors and as our visitor numbers continue to increase, so will our real estate sales and prices.