Comparing Real Estate in Colorado's Resort Markets

Colorado Resorts Overview

Colorado real estate, particularly in the state’s renowned resort markets, has seen significant growth and interest in recent years. Mountain properties in areas such as Aspen, Telluride, and Crested Butte offer a unique combination of natural beauty and recreational opportunities. These sought-after locales attract a diverse array of buyers, from those seeking vacation homes to families looking for a change of pace. With a robust market driven by both domestic and international demand, Colorado’s resort real estate continues to be a dynamic and appealing sector. Below is an overview comparing real estate prices in various resort markets.

Average Sale Price

% Change | 2023 vs 2022

Average Sale Price | 2023 Year-End

Aspen	$10,564,012
Breckenridge	$1,291,349
Crested Butte	$1,058,741
Snowmass Village	$3,289,069
Steamboat Springs	$1,416,507
Telluride	$3,512,487
Vail & Beaver Creek	$2,339,418
Winter Park	$877,249

Average Sale Price/Square Foot

2023 Year-End

Real Estate Market Comparisons - Colorado Resort Markets | Average Price Per Square Foot

2024 Q1 Overview

LIV Sotheby’s International Realty Markets

As we look to 2024 numbers, we dive into the LIV Sotheby’s International Realty Quarter Reports for an in-depth look at how these markets are performing so far this year. In Crested Butte, Summit County, and Vail Valley, home values have seen notable increases, which translates to higher overall sales volume. When looking into total sales, however, Crested Butte, Grand County, and Summit County have seen less sales in Q1 compared to last year. The selling season is just starting in these resort markets, however, so we expect to see sales increase through the next few months.