How does 2010 compare to 2009 so far?
It's a common trend everywhere - 2010 has been great for Buyers, and not so great for Sellers...but better than 2009, because more properties are moving, and this is what the market needs for a recovery to begin.
So far in 2010 we've seen 152 sales in the greater Crested Butte area, which is roughly 10% more than the 138 sales at this time last year. The total dollar volume of sales has decreased 2% and the average sales price has decreased by 11%.
The total number of sales in 2009 was 160, with a dollar volume of $84.5 million. We are well on track to exceed this number of transactions in 2010, with 152 sales year-to-date and 28 listings currently under contract. As for total dollar volume, it looks like we'll come in fairly close to '09's number, as 2010 has seen $71.6 million in sales with $13.9 million currently under contract.
Stay tuned...
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