Birdseye View | Crested Butte Market Snapshot | Spring 2025

The first bluebirds have been spotted in the area, signifying signs of color and spring. With average snowfall this winter occurring just at the right times, we enjoyed a great ski season. A warmer than average winter led to early runoff and the cancellation of the Grand Traverse ski race to Aspen for the first time ever. The good news is that we may see summer blooms and trail openings earlier than expected.

In the real estate world, several residential developments anticipating hundreds of units are in the planning stages at the entrance to CB South and adjacent to Buckhorn, with multifamily across from Skyland. In Mt Crested Butte, developers for Upper Prospect, the Village, Beckwith and Oros await plans for a new main sewer line before new construction can commence.

Home sales for the first quarter are in neutral with light inventory and measured purchasers. With only eleven homes for sale in the Town of Crested Butte, five sales occurred with an average price of $2.8 million. Similar in Mt CB, two homes closed with only ten available listings. Thirteen condos sold on the mountain, averaging over $900,000 for the first time ever.

Rural CB mirrored the first quarter of last year with six sales averaging $3.3 million. CB South remains in high demand with only two available homes and the same number of sales to date, averaging a new high of $1.49 million.

Land sales have noticeably picked up with eighteen transactions averaging nearly $725,000, ten more than this time last year. Inventory is leveling with 106 available properties representing an eighteen-month supply.

Bluebird continues to outpace the market, nearly doubling sales over the same period last year. Leading the market in sales in the first quarter, Bluebird will enter its ninth year of sales and service to our community this spring. We look forward to a gradually improving market and a vibrant summer season with our friends and clients.

Bluebird is the exclusive regional member of Luxury Portfolio International, the largest consortium of independent brokerages and luxury properties in the world.

View the full report with graphs here.