A Seamless Shift Toward Winter

We’ve officially wrapped up the golden colors of fall and are turning the page toward winter in the Upper Valley. The air has cooled, the peaks are frosted, and buyer energy remains strong as we move into ski season. From Mt. Crested Butte to CB South, there’s been steady movement — a clear sign that momentum from summer and fall is carrying right into winter.

New Market Highs

Confidence in our real estate market continues to grow — and this year, we’re seeing it reflected in some remarkable milestones:

A Smith Hill Ranches estate is under contract at $13.9 million, positioning Crested Butte to finally break through the $10 million residential sale ceiling — a level we’ve never surpassed. (Until now, there’s been just one $10M transaction, which included an adjacent vacant lot.)

Another in-town home is listed above $2,100 per square foot — a new record for Crested Butte — and is also under contract.

And leading the way, a $25 million listing within town limits — over 100 acres paired with a stunning residence — now stands as the highest-priced property ever offered in Crested Butte.

These moments represent more than record-setting numbers — they signal deep buyer confidence and the continued strength of our local luxury market.

Market Snapshot: Crested Butte & Mt. Crested Butte

(January 1 – October 18, 2025)

Single-Family Homes

62 sales this year

Median SOLD Price: $1,965,000

Average SOLD Price: $2,642,718

Median $/SF: $843

Range: $413,056 – $8,100,000

Total Volume: $163,848,539

Condos & Townhomes

98 sales to date

Median SOLD Price: $748,500

Average SOLD Price: $828,834

Median $/SF: $656

Range: $129,789 – $3,650,000

Total Volume: $81,225,715

Land Sales

55 sales year-to-date

Median SOLD Price: $470,000

Average SOLD Price: $611,682

Range: $128,500 – $2,000,000

Total Volume: $33,642,510

What I’m Seeing...

Buyer interest remains strong across all segments. Many are searching for turnkey homes, clean design, and proximity to the slopes or downtown.

Land activity is picking up again as builders look toward 2026 projects and long-term investment opportunities.

For sellers, it’s still a fantastic time to list. Well-prepared, well-priced homes continue to move quickly — especially those that photograph beautifully and highlight their mountain lifestyle appeal.

Looking Ahead...

As we head into ski season, momentum is holding steady. Confidence remains high, new benchmarks are being set, and opportunities are abundant for both buyers and sellers.

If you’ve been curious about your property’s current market value — or simply want to discuss what these shifts mean for your goals — I’d love to connect.

Warmly,

Nikki

Crested Butte is truly a gem of Colorado and offers both luxury mountain homes and land lots ready to build for your dream home, investment opportunities, or vacation destination. With a background in luxury services, Nikki Pulitzer brings an eye for design to every client experience. Contact Nikki Pulitzer, Crested Butte Realtor, and find your mountain home today.