Colorado’s Rocky Mountains are home to a little community called Crested Butte. Crested Butte Mountain Resort is a popular spot for downhill skiers and mountain bikers, with tracks that wind all over the mountain’s terrain. The city is laced by Nordic ski trails. Nature reserves like Kebler Pass, to the west of the West Elk Loop Scenic and Historic Byway, are home to beautiful Quaking aspen trees in the fall. Elk Avenue, the main thoroughfare through the downtown, is lined with wooden structures that house shops and eateries.
Numerous eateries, bars, shops, and museums can be found throughout Crested Butte’s historic downtown, all of which are housed in vividly colored Victorian structures. Small lodges, inns, bed & breakfasts, and vacation rentals make up the vast majority of Crested Butte’s lodging alternatives. On Elk Avenue, in the heart of downtown. The downtown area is within walking distance of many more possibilities. In addition, Crested Butte and Mt. Crested Butte offers a free town shuttle service, The Mountain Express. Crested Butte, Colorado is a great place to go mountain riding or hiking. From the city, you can easily reach many mountain biking paths. You can reach CBMR by car in less than ten minutes during the winter, and the bus travel will only take a few minutes.
Real estate market summary
There is no denying that the Crested Butte real estate market is undergoing transformation, but I believe we are merely returning to something closer to “normal” than we witnessed during the past two epidemic years. Realistically priced homes continue to attract numerous bids in my experience. It’s not surprising that some purchasers are backing out due to the high cost of borrowing money, as mortgage rates currently sit around 6.5 percent.
Overview
A home in Crested Butte, Colorado, had a median listing price of $1.6 million in July 2022, up 38.3 percent from the same month the previous year. Price per square foot for the typical home on the market was $801 in recent months.
Crested Butte, Colorado Real Estate
There are 192 residential properties for sale in Crested Butte, Colorado; six of them were listed within the past week. Each of the two rental properties has monthly rates between $4.5K and $5K. Explore additional Crested Butte real estate offerings, including open houses, price reductions, foreclosures, recently sold properties, new home communities, and new home development.
Services and facilities available in the vicinity
Crested Butte, Colorado, is home to a variety of dining options, including dozens of supermarkets and hundreds of restaurants. Since 1989, the town has made concerted efforts to increase the variety of low-cost housing options available to the local workers. 305 units with deed restrictions exist in the town as of right now, or 25% of all the homes there. The town adopted a new set of affordable housing regulations in 2016. Any upcoming projects for affordable housing that may be planned must abide by these regulations. The town has constructed a large number of rental and for-sale homes, giving residents a choice of where to establish roots. These buildings conform to the existing structure and architectural style of the town.
The Best Crested Butte, Colorado Schools
GreatSchools rates nine of the public schools in Crested Butte, Colorado, as “good” or “excellent.” If you are looking for a great public school in Crested Butte, CO, look no further than the following.
Forecast
Short term (in the next 12 months)
The city of Crested Butte in the state of Colorado is the 10466th largest in the United States. According to information compiled by WalletInvestor, Crested Butte’s housing market is anticipated to increase over the next year. Between 2021-07-31 and 2022-07-31, the median value of a home rose by $1598 (or 1.543%) to $745798 (or USD).
Long term (in the next 3, 5, 10 years)
It’s a good idea to put your money into Crested Butte real estate. Annualized returns of +2.48% can be anticipated over the long term. Our analysis and projections show that Crested Butte City’s real estate market will grow 22.011% in ten years.
Buying and selling
Current data on median property prices in Crested Butte indicate a sustained period of price appreciation and favorable market conditions in the local real estate market over the last 36 months. Real estate investments appear to have a bright future, and a Crested Butte home purchase appears to be a wise choice. With such a bright future ahead, the Crested Butte real estate market is a must-have for every serious investor. If you’re just starting out in real estate investing, focus on towns with strong housing markets.
Why you should hire a professional real estate agent in Crested Butte, Colorado
Compare the services of three of Crested Butte’s most highly regarded real estate brokers and agents here.
The top Crested Butte real estate agents average 5.0 stars. Here are the latest customer ratings and reviews of top Crested Butte, Colorado real estate agents.
Best real estate agents provide market insights, price projections, and introductions to influential people. Local experts can sell your home faster and for more money than a typical agent.
As a home buyer or seller in Crested Butte, what should you be looking for in a real estate agent?
When you sell your home, your real estate agent is more than just a broker; they are also your business partner, financial advisor, and emotional support. It’s important to work with someone you can trust, so find an agent who answers your questions without hesitation. During this period, you should research the agent’s company and evaluate their local knowledge. You’re on the lookout for sounds that betray a person’s level of experience, knowledge of their field, and level of responsibility. You need a real estate agent who is willing to roll up their sleeves and put in the time and effort to sell your home, and who has a solid game plan for preparing it for the market, determining the appropriate price, and spreading the word.