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
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.
Sales Comparisons Q1 2024 vs 2023
Median Sale Price
% Change | Q1 2024 vs Q1 2023
Median Sale Price/Square Foot
% Change | Q1 2024 vs Q1 2023
Median Sale Price | Q1 2024
Crested Butte $797,000
Grand County $783,500
Summit County $1,045,000
Telluride $2,978,075
Vail Valley $1,677,500
Median Price/Square Foot | Q1 2024
Crested Butte $630
Grand County $570
Summit County $754
Telluride $1,559
Vail Valley $1,005