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Crested Butte’s luxury housing market has strengthened since Vail Resorts bought the local ski area in 2018, with affluent newcomers building expensive homes and pushing up prices. Some locals say the growth is changing the town’s character, and officials are considering a tax on non-primary residences.
Luxury home prices in the Crested Butte area are continuing to rise even as many western ski markets cool. Local agents said the median sale price in the upper Gunnison Valley is about $1.23 million, up 23% from a year earlier.