Crested Butte, CO

Crested Butte Real Estate has seen a marked thaw this July! A real estate market that had been fairly dormant all Winter and well into Spring, finallyt went into high gear.
We have had several significant sales, of particular note: the Idlespur Bulding -where Maxwell's Restaurant is located in for $1.65 million and a stunning single family residence at 13 Fourth Street at $2,037,500!
Click below to see the property details for each of our July sales:
Properties sold in July 2009
Average sales price for July: $527,190
Totol volume: $11,071,000
Average days on market: 253
We also currently have 37 properties under contract, including 4 properties between $1 and $2 million and 4 homes over $2 million.
All properties currently under contract

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In this week's Crested Butte News the news is encouraging for real estate "Real Estate Sees Major Boost in July Sales! It's great to see the market picking up!

Check out our great Crested Butte listings for yourself or contact me for information on Crested Butte real estate, homes and land.

Check the 10 top reason to relocate to Crested Butte.

Hello from Crested Butte,

The Crested Butte News published a front page article today on the state of our local real estate market. One local broker stated "Crested Butte seems to be viewed as the best value in the mountains right now. I would say that it has been rough for a while, but if we aren't at the bottom of the market, we are leveling off."

So far this year, about $30 million in real estate has sold at this end of the valley. About the same amount is pending at the moment, but in the last three weeks, another $17 million in local real estate was put under contract.

"There has been a major uptick in the volume of sales and the amount of money people are spending," said a broker at Coldwell Banker Bighorn Realty. "We are hoping for more such activity during the rest of the summer."

The interesting thing about this summertime spike in activity? The deals are happening at the top end of our market.

Read the article here

Thanks for visiting today,

Channing Boucher
Visit My Crested Butte Real Estate Guide

Last week my friends Allison and Tracy and I hiked to Aspen from Crested Butte, Colorado ... and back! We left from Schofield, near Emerald Lake and hiked up about 5 miles through waist-high wildflowers to the top of the Maroon Bells where we enjoyed lunch accompanied by lovely wine. The next 7 miles was mostly downhill with beautiful, changing scenery.

The weather was perfect. Light, fluffy clouds, sunshine and a light breeze. Needless to say we went thru a bit of sunscreen :-).

Just near Crater Lake there is a shuttle that takes you to Aspen. Hahhhh, what a pretty town ... Pacifico was our spot of choice for fresh seafood and fresher mojicos. Yum!

The next day we had the hotel shuttle us back to the trailhead for the return trip. I had thought it would be harder because of the travel the day before but it was not. The actual hiking took 5-5.5 hours with about 1-2 hours in stops here and there. It was really fun to see people we met before on the way back too!

We even ran into a family backpacking with llamas!

Now I'm back to work as a Crested Butte real estate broker at Sotheby's. If I can help you experience the beauty of living or vacationing in Crested Butte, give me a call.

I'd be happy to show you around my home town.

The luxury real estate market has come alive in the Butte with a record breaking deal. Last week a single family home on 4th Street in Crested Butte sold for just over $2 million dollars. This is the highest sale price for a single family home in town and it comes after a very slow start for homes sales during the first half of 2009.

Other notable luxury home deals include a $1.7 million Butte Avenue home that is under contract and a Gothic Avenue house listed at $1,495,000 is also under contract. Over on Ruth's Road, a home listed for $975,000 has a sale pending.

Out at the Skyland neighborhood, a Lake Grant luxury home listed for almost $2.3 million is under contract and two larger townhomes listed between $795,000 and $900,000 in Mt. Crested Butte's Pinnacle's development are under contract. In Crested Butte South, a home on Shavano listed for $729,000 is also pending.

Even the high end of the Gunnison market is seeing activity with a pending sale for a home on 10 acres listed at $750,000.

At the southern end of our market area, a log home on 32 acres outside of Lake City sold this week for just under $1.4 million marking the first seven-figure residential deal in this resort community in almost two years.

Another notable transaction comes from the commercial real estate world. The infamous Idle Spur building on Elk Avenue has sold to it's current restaurant operators: Maxwell's, for just over $1.6 million.

It's an understatement to say these are remarkable real estate deals for the slowest market conditions we've realized in 5 years. Buyer's are taking advantage of the large selection of homes and condos and demonstrating renewed faith in our real estate, our community and our lifestyle.

Thanks for visiting today,

Channing Boucher
Sotheby's International Realty
Visit My Crested Butte Real Estate Guide