Cripple Creek, CO

Cripple Creek is a small town located in the Rocky Mountains of Colorado. The town was founded in 1879 and quickly became a popular tourist destination due to its natural beauty and proximity to ski resorts. Over the years, Cripple Creek has experienced a number of boom and bust cycles, but it remains an important tourist destination today.

Real estate in Cripple Creek is typically expensive due to its location and popularity as a tourist destination. The median home price in Cripple Creek was $1,049,000 in 2016, which is more than double the median home price for Colorado as a whole. However, because of the high demand for property in Cripple Creek, prices can go up or down significantly from year to year. In 2015, the median home price was $895,000 but by 2016 it had increased to $1,049,000.

One reason why real estate prices are so high in Cripple Creek is that there are relatively few homes available for sale compared to other areas of Colorado. In 2016 there were only 191 homes for sale in Cripple Creek compared to over 10,000 homes available throughout the rest of Colorado. This shortage of inventory has led to bidding wars and high prices for properties on the market.

Despite being expensive, real estate in Cripple Creek remains an important part of the local economy. In 2016 alone there were over 1,600 jobs associated with real estate activity within the town limits. This includes both direct employment (such as realtors) as well as indirect jobs (such as restaurants that cater to tourists).