We did not have a great snow year, but visitors, skier days, lodging and sales tax revenue were all up (as much as 16% in Crested Butte through February) compared to last year. Visitors brings interest and activity to real estate and Crested Butte real estate market saw an overall rise in total transactions and volume as well.

1. The data represents all Single Family Homes, Condos, Townhomes and Land sales in the North End of the Gunnison Valley, including Almont, CB South, Irwin, Crested Butte, Rural Crested Butte, Mt. Crested Butte and Rural Mt. Crested Butte as shown in the Gunnison Country Association of
Realtors MLS. Information contained herein deemed reliable, but not guaranteed.
CHRIS KOPF
PREVIEWS® PROPERTY SPECIALIST
COLDWELL BANKER BIGHORN REALTY
cell: 970.209.5405
chriskopf@bighornrealty.com
www.chriskopf.com
CRESTED BUTTE REAL ESTATE MARKET REPORT
SKI SEASON RESULTS 2014 -2015 SEASON
PREPARED BY CHRIS KOPF
YTD SOLD
PROPERTIES
2013
2014
2015
2013
2014
2015
CONDO & TOWN HOME MEDIAN SALES PRICE
YTD TOTAL
VOLUME
CONDO MEDIAN SALES PRICE
The data represents all Single Family Homes, Condos, Townhomes and Land sales in the North End of the Gunnison Valley, including Almont, CB South, Irwin, Crested Butte, Rural Crested Butte, Mt. Crested Butte and Rural Mt. Crested Butte as shown in the Gunnison Country Association of
Realtors MLS. Information contained herein deemed reliable, but not guaranteed.
SOLD DOM
2012-13
2013-14
2014-15
306
387
324
Q: WHAT IS YOUR HOME
WORTH? A: CALL ME.

2. The data represents all Single Family Homes, Condos, Townhomes and Land sales in the North End of the Gunnison Valley, including Almont, CB South, Irwin, Crested Butte, Rural Crested Butte, Mt. Crested Butte and Rural Mt. Crested Butte as shown in the Gunnison Country Association of
Realtors MLS. Information contained herein deemed reliable, but not guaranteed.
CHRIS KOPF
PREVIEWS® PROPERTY SPECIALIST
COLDWELL BANKER BIGHORN REALTY
cell: 970.209.5405
chriskopf@bighornrealty.com
www.chriskopf.com
CRESTED BUTTE REAL ESTATE MARKET REPORT
SKI SEASON RESULTS 2014 -2015 SEASON
PREPARED BY CHRIS KOPF
Ski-Season"
Total $ Volume of
Properties Sold
Ski-Season"
Total # of "
Properties Sold
Comparing Total $ Volume by Month
Crested Butte Real Estate | Ski-Season Results
Ski-Season Results for 2014-2015 are Up but below 2012-2013
We did not have a great snow year, but visitors, skier days, lodging and sales tax
revenue were all up (as much as 16% in Crested Butte through February) compared to
last year. Visitors brings interest and activity to real estate and Crested Butte real estate
market saw an overall rise in total transactions and volume as well. As long-term
renter demand has increased, there seems to be a lack of affordable or “lower-end”
single family homes available with only six homes available between $400,000 -
$500,000. There nearly 40 condos for sale under $250,000 but all come with higher
burden of HOA fees. If you look further in this report you will see that there is not a
significant rise in single family home prices, or price per sq. ft., but there is a lack of
inventory available for sale at the lower end of the market right now which is why we
have seen a significant number of lots sold, 45 vs 19 last year, and 27 two years ago.
Average Days on Market (DOM) for all properties was 324 and 307 for SF Homes.
The Assessor has sent out updated property valuations – and some have seen an
increase in their property value which will lead to an increase in taxes. Remember that
the revaluation, or reappraisal, occurs in odd-numbered years, and the property
valuation notices sent out are based on transactions that occurred between July 1,
2009 and June 30, 2014. The Assessor uses an automated Multiple Regression Analysis
comparison approach and not an individual property analysis. There is an appeal or
protest process – see http://www.gunnisoncounty.org/132/Assessors-Office
Month 2011-2012 2012-2013 2013-2014 2014-2015
DEC $4,850,500 $7,695,600 $6,041,000 $7,050,825
JAN $13,923,750 $8,751,700 $5,773,686 $4,107,500
FEB $4,545,898 $8,671,475 $7,026,450 $8,097,000
MAR $6,600,200 $10,261,486 $3,803,000 $11,866,000
APR $8,032,800 $17,126,400 $8,187,800 $9,568,000
Totals $37,953,148 $52,506,661 $30,831,936 $40,689,325
Ski Season

3. The data represents all Single Family Homes, Condos, Townhomes and Land sales in the North End of the Gunnison Valley, including Almont, CB South, Irwin, Crested Butte, Rural Crested Butte, Mt. Crested Butte and Rural Mt. Crested Butte as shown in the Gunnison Country Association of
Realtors MLS. Information contained herein deemed reliable, but not guaranteed.
CHRIS KOPF
PREVIEWS® PROPERTY SPECIALIST
COLDWELL BANKER BIGHORN REALTY
cell: 970.209.5405
chriskopf@bighornrealty.com
www.chriskopf.com
CRESTED BUTTE REAL ESTATE MARKET REPORT
SKI SEASON RESULTS 2014 -2015 SEASON
PREPARED BY CHRIS KOPF
Ski-Season Single Family Homes"
$ Per Sq. Ft.
Averages(for($(per(sq.(ft.(for(Single(Family(Homes(Flat,((Condos(see(Slight(Rise(
Average Price per square foot is a useful metric to compare properties and it is especially
useful to analyze data to identify patterns and trends. It also is a helpful metric many
people use when considering building vs. buying an existing home. As the current data
shows we have a fairly flat trend year over year with regard to the overall price per sq. ft.
Single Family homes are up 10% from the same period last year, which is interesting
considering the higher priced Luxury Homes do not make up much of the mix sold this
year (3 sold vs. last year over $1M).
Condos & Town Homes saw a 10% decline in price per sq. ft. when compared to the
same period last year, but up compared to prior years.
What Real Estate is Selling in the Crested Butte area? As the table shows
Condos & Townhomes lead the pack at39% (compared to 56% last year) of the
total count, but only 25% (vs. 46% last year) of the volume. Single Family Homes
are 25% of the count and 54% of the volume. Luxury Properties over $1M
(typically purchased by the Second Homeowner) represent only a 7% share of the
number of transactions, but 28% of the total dollar volume.
Ski-Season Condo & Town Homes"
$ Per Sq. Ft.
2014-2015 SKI-SEASON TOTALS -
CATEGORY
$ Volume of
Properties Sold
% of Total
Count of #
Properties
Sold
% of Total
Total All Sales $40,296,550 122
Condos & Townhomes $10,156,900 25% 47 39%
Single Family Homes $21,688,650 54% 30 25%
Mt. Crested Butte $12,757,400 32% 45 37%
Mt. CB Single Family Homes $3,857,000 10% 5 4%
Crested Butte Single Family Homes $9,773,900 24% 11 9%
Skyland Single Family Homes $1,535,000 4% 2 2%
CB South Single Family Homes $2,762,250 7% 7 6%
Almont $0 0% 0 0%
Land/Lots $8,451,000 21% 45 37%
SF Homes Sold > $1M $11,095,000 28% 9 7%

4. The data represents all Single Family Homes, Condos, Townhomes and Land sales in the North End of the Gunnison Valley, including Almont, CB South, Irwin, Crested Butte, Rural Crested Butte, Mt. Crested Butte and Rural Mt. Crested Butte as shown in the Gunnison Country Association of
Realtors MLS. Information contained herein deemed reliable, but not guaranteed.
CHRIS KOPF
PREVIEWS® PROPERTY SPECIALIST
COLDWELL BANKER BIGHORN REALTY
cell: 970.209.5405
chriskopf@bighornrealty.com
www.chriskopf.com
CRESTED BUTTE REAL ESTATE MARKET REPORT
SKI SEASON RESULTS 2014 -2015 SEASON
PREPARED BY CHRIS KOPF
The detail below represents the past three years data by category. The % Difference Asking Price vs. Sold Price by Category, on average 8% for all property types.
2014 - 2015 Ski Season
Totals
Total Sold
by Category
Average
Sold Price
Total Asking
Price by
Category
Average
Asking
Price
Total Original
Price by
Category
Average
Original
Price
% Difference
Original Price
vs. Sold Price
% Difference
Asking Price
vs. Sold Price
Average
Price Per
Sq. Foot
Count of #
Properties
Sold
Total All Sales $40,296,550 330,300 $43,800,599 359,021 45,942,700 376,580 -12.29% -8.00% 122
Condos & Townhomes $10,156,900 216,104 $10,756,499 228,862 11,090,000 235,957 -8.41% -5.57% $224 47
Single Family Homes $21,688,650 722,955 $23,168,300 772,277 24,222,600 807,420 -10.46% -6.39% $327 30
Mt. Crested Butte $12,757,400 283,498 $14,239,399 316,431 13,830,400 307,342 -7.76% -10.41% 45
Mt. CB Single Family Homes $3,857,000 771,400 $4,116,500 823,300 4,444,000 888,800 -13.21% -6.30% $309 5
Crested Butte Single Family Homes $9,773,900 888,536 $10,391,900 944,718 10,681,800 971,073 -8.50% -5.95% $438 11
Skyland Single Family Homes $1,535,000 767,500 $1,618,000 809,000 1,734,000 867,000 -11.48% -5.13% $252 2
CB South Single Family Homes $2,762,250 394,607 $2,958,000 422,571 3,222,900 460,414 -14.29% -6.62% $196 7
Almont $0 0
Land/Lots $8,451,000 187,800 $9,875,800 219,462 9,273,700 206,082 -8.87% -14.43% 45
SF Homes Sold > $1M $11,095,000 1,232,778 $11,929,000 1,325,444 12,334,900 1,370,544 -10.05% -6.99% $366 9
2013 - 2014 Ski Season
Totals
Total Sold
by Category
Average
Sold Price
Total Asking
Price by
Category
Average
Asking
Price
Total Original
Price by
Category
Average
Original
Price
% Difference
Original Price
vs. Sold Price
% Difference
Asking Price
vs. Sold Price
Average
Price Per
Sq. Foot
Count of #
Properties
Sold
Total All Sales $31,841,761 353,797 $34,218,550 380,206 36,328,850 403,654 -12.35% -6.95% 90
Condos & Townhomes $14,576,261 291,525 $15,661,850 313,237 16,283,250 325,665 -10.48% -6.93% $249 50
Single Family Homes $14,109,400 671,876 $14,971,200 712,914 15,678,600 746,600 -10.01% -5.76% $297 21
Mt. Crested Butte $12,384,100 302,051 $13,328,350 325,082 13,359,600 325,844 -7.30% -7.08% 41
Mt. CB Single Family Homes $2,864,400 477,400 $3,061,300 510,217 3,490,700 581,783 -17.94% -6.43% $182 6
Crested Butte Single Family Homes $4,990,000 998,000 $5,268,000 1,053,600 5,268,000 1,053,600 -5.28% -5.28% $466 5
Skyland Single Family Homes $1,925,000 1,925,000 $1,950,000 1,950,000 1,950,000 1,950,000 -1.28% -1.28% $403 1
CB South Single Family Homes $1,900,000 475,000 $1,988,000 497,000 2,017,000 504,250 -5.80% -4.43% $194 4
Almont $294,000 98,000 $374,000 124,667 1,983,000 661,000 -85.17% -21.39% 3
Land/Lots $3,156,100 166,111 $3,585,500 188,711 5,299,000 278,895 -40.44% -11.98% 19
SF Homes Sold > $1M $4,810,000 1,603,333 $5,050,000 1,683,333 5,199,000 1,733,000 -7.48% -4.75% $366 3
2012 - 2013 Ski Season
Totals
Total Sold
by Category
Average
Sold Price
Total Asking
Price by
Category
Average
Asking
Price
Total Original
Price by
Category
Average
Original
Price
% Difference
Original Price
vs. Sold Price
% Difference
Asking Price
vs. Sold Price
Average
Price Per
Sq. Foot
Count of #
Properties
Sold
Total All Sales $50,852,061 406,816 $56,081,149 448,649 62,455,349 499,643 -18.58% -9.32% 125
Condos & Townhomes $16,566,620 276,110 $18,335,550 305,593 19,015,200 316,920 -12.88% -9.65% $208 60
Single Family Homes $30,129,955 792,894 $32,796,799 863,074 37,075,699 975,676 -18.73% -8.13% $282 38
Mt. Crested Butte $17,304,412 332,777 $19,161,699 368,494 21,312,700 409,860 -18.81% -9.69% 52
Mt. CB Single Family Homes $5,600,000 800,000 $6,062,499 866,071 6,858,499 979,786 -18.35% -7.63% $285 7
Crested Butte Single Family Homes $6,906,005 863,251 $7,256,900 907,113 7,561,400 945,175 -8.67% -4.84% $417 8
Skyland Single Family Homes $3,154,000 1,051,333 $3,344,000 1,114,667 4,074,000 1,358,000 -22.58% -5.68% $330 3
CB South Single Family Homes $647,900 323,950 $664,800 332,400 719,900 359,950 -10.00% -2.54% $150 2
Almont $695,550 347,775 $730,500 365,250 818,500 409,250 -15.02% -4.78% 2
Land/Lots $4,155,486 153,907 $4,948,800 183,289 5,143,550 190,502 -19.21% -16.03% 27
SF Homes Sold > $1M $17,018,000 1,418,167 $18,864,999 1,572,083 21,094,999 1,757,917 -19.33% -9.79% $366 12

5. The data represents all Single Family Homes, Condos, Townhomes and Land sales in the North End of the Gunnison Valley, including Almont, CB South, Irwin, Crested Butte, Rural Crested Butte, Mt. Crested Butte and Rural Mt. Crested Butte as shown in the Gunnison Country Association of
Realtors MLS. Information contained herein deemed reliable, but not guaranteed.
CHRIS KOPF
PREVIEWS® PROPERTY SPECIALIST
COLDWELL BANKER BIGHORN REALTY
cell: 970.209.5405
chriskopf@bighornrealty.com
www.chriskopf.com
CRESTED BUTTE REAL ESTATE MARKET REPORT
SKI SEASON RESULTS 2014 -2015 SEASON
PREPARED BY CHRIS KOPF
Condo Median Sales Price
Single Family Home Median Sales Price
Condo Average Sales Price
Single Family Home Average Sales Price
Trends show Prices for Single Family Homes Rise and
Condos & Townhomes show slight Fall
Single Family (SF) homes – Comparing Ski-Season
results from 2014-2015 to prior years we see that the
Median Price for Single Family homes is flat at $542,000
and actually down from the ski-season from 2012-2013.
We do see the Average SF Home price has risen to
$723,000 and except for the sharp rise in 2012-2013 ski
season it shows an increasing trend. As noted – we are
not working with a huge sample set for the ski-season this
may be a result of the quality and location of homes sold
as there are not many luxury homes in the mix. Given the
history of the Crested Butte area – there are still many
areas where there is a 30 year old home that has not been
updated, and a new 5 year old home right next door. This
is the reason to reach out to a quality real estate agent for
help understanding the values in the market. Also see
2014 In Review Market Report for 12 month analysis.
Condos & Townhomes –prices continue to be fairly flat
in this segment of the market. The Median Price for
Condos and Townhomes was $175,000 compared with
$183,000 last year, and the Average Price was down.
Crested Butte Luxury Real Estate Market - $1 Million +
As the table shows there have been 9 Single Family homes
Sold for $1M or more during this 2014 – 2015 Ski-Season
compared with only 3 during this same period last year, and 12
Sold in 2012-2013. Average sold price for these homes was
$1.2M, Average Price per sq. ft. was $387. The 7% Discount
from Asking Price to Selling Price is lower than the rest of the
market.
2014 - 2015 Ski
Season Luxury
Properties $1M+ Sold
Total Sold by
Category
Average
Sold Price
% Difference
Asking Price
vs. Sold Price
Average
Price Per
Sq. Foot
Count of #
Properties
Sold
Total All Sales $11,095,000 $1,232,778 -6.99% 9
Condos & Townhomes $0 0
Single Family Homes $11,095,000 $1,232,778 -6.99% $387 9
Mt. Crested Butte $2,570,000 $1,285,000 -6.55% $276 2
Mt. CB Single Family Homes $2,570,000 $1,285,000 -6.55% $276 2
Crested Butte Single Family Homes $5,150,000 $1,287,500 -6.62% $559 4
Skyland Single Family Homes $1,000,000 $1,000,000 -6.45% $233 1
Land/Lots $0 0

6. The data represents all Single Family Homes, Condos, Townhomes and Land sales in the North End of the Gunnison Valley, including Almont, CB South, Irwin, Crested Butte, Rural Crested Butte, Mt. Crested Butte and Rural Mt. Crested Butte as shown in the Gunnison Country Association of
Realtors MLS. Information contained herein deemed reliable, but not guaranteed.
CHRIS KOPF
PREVIEWS® PROPERTY SPECIALIST
COLDWELL BANKER BIGHORN REALTY
cell: 970.209.5405
chriskopf@bighornrealty.com
www.chriskopf.com
CRESTED BUTTE REAL ESTATE MARKET REPORT
SKI SEASON RESULTS 2014 -2015 SEASON
PREPARED BY CHRIS KOPF
!
Optimistic for Summer Crested Butte Real Estate
All indicators are that this will be an active Summer for Real Estate
transactions. We have had really good numbers the past two years, and
there are no significant external forces that lead me to believe that 2015
will not replicate. Interest rates are still low, there are national numbers
supporting a renewed interest in Vacation Real Estate, there are lots of
events again scheduled for the summer (including the Enduro World
Series mountain bike series stop in Crested Butte). Compared with so
many other mountain towns Crested Butte is a special place, and
represents a great value in real estate.
There has been a lot of banter about short-term property rentals as “the
reason” there is a lack of long-term rentals available especially in town.
There is also talk of taking property rights away from homeowners who
have invested in Crested Butte – not good. Short-term rental add to the
charm of visiting our town. We have deed restrictions in place. We are a
tourism and real estate economy – an increase in occupied short-term
rentals is a good thing, and proof that people want to come here, rent a
house, ski, bike, hike, fly fish, relax, shop and eat. All Good!
How can I help you? This Crested Butte Real Estate Market report
and the level of detail is representative of what you can expect from
me as your Real Estate Agent. If you are interested in finding out
what your existing property is worth, or considering me to represent
you as a Buyer, I would appreciate the opportunity to earn your
business (or that of a friend you think I could help).
To see featured properties or search the MLS – visit
www.chriskopf.com. Contact me at: (970) 209-5405, or
chriskopf@bighornrealty.com
Thanks,
Under Contract There are currently 46 properties Under Contract
representing a total volume of $29.7M – the count and volume is similar
to March of 2014. Of the 46 properties Under Contract 20 are Condos/
Townhomes, 18 are Single Family homes and 8 are lots.
Active Listings There are 558 properties for Sale which is down from
592 one year ago. The volume of this Market is $377,000 compared to
$418M last year.
All Properties
Under Contract
Total Under
Contract by
Asking Price
Average
Under
Contract by
Asking
Price
Count of #
Properties
Under
Contract
Total All Properties Under Contract $29,728,290 $646,267 46
Condos & Townhomes $7,408,290 $370,415 20
Single Family Homes $17,933,000 $996,278 18
Mt. Crested Butte $6,756,290 $422,268 16
Mt. CB Single Family Homes $2,093,000 $697,667 3
Crested Butte Single Family Homes $2,909,000 $727,250 4
Skyland Single Family Homes $0 0
CB South Single Family Homes $2,166,000 $541,500 4
Land/Lots $4,387,000 $548,375 8
SF Homes > $1M $12,605,000 $1,800,714 7
Almont $2,400,000 $1,200,000 2
35 Acre SF Homes None 2
All Current Listings
Total Current
Listing Price
by Category
Average
Listing Price
Count of #
Properties on
the Market
Total All Sales $377,683,244 $676,852 558
Condos & Townhomes $60,271,439 $360,907 167
Single Family Homes $181,428,499 $1,314,699 138
Mt. Crested Butte $154,112,438 $737,380 209
Mt. CB Single Family Homes $65,862,500 $1,568,155 42
Crested Butte Single Family Homes $17,443,000 $1,090,188 16
Skyland Single Family Homes $14,288,999 $1,428,900 10
CB South Single Family Homes $7,355,000 $612,917 12
Almont $12,184,800 $276,927 44
Land/Lots $135,983,306 $537,483 253
SF Homes > $1M $137,270,499 $1,989,428 69
35 Acre SF Homes $31,080,000 $1,942,500 16