Crested Butte, CO

For the buyer, money and property will never be cheaper for the near future. Here in Crested Butte, the battle cry used to be that we are recession proof. Well ... maybe. It's true that in a resort town, there are people who will always be able to buy property. But quite possibly, this year may be different. Disposable funds have dried up somewhat and those that still have money are choosing to hold on to it, and, yes, sales have dropped below normal ... that good news for the buyer! Many sellers are motivated, and there is an abundance of inventory ... in all price levels.
I'm betting on the "smart money" -- those who understand market fluctuations and realize there are deals to be had on dream properties. Or, prime investments. The "smart money" will be here sooner than later. Signs of recovery are on the horizon, and that's good news for sellers! Prices that have been depressed this year will probably start to rise in the not-too-distant future. So what does this mean? It means that we are at the plateau for sellers and buyers to get together for deals that will not be repeated for at least the next two decades, if history is correct.
Sellers want to sell, and buyers want to buy ... it couldn't be simpler than that.
All properties in Crested Butte can be viewed here or you can search for real estate in Crested Butte based on your own criteria. There are ski condos, mountain homes, rustic cabins, river front homes where you can fish from your own back yard, or how about a home or condo on the Trent Jones-designed golf course?

As the snow melts and the wildflowers begin to bloom, so is the Crested Butte real estate market. Smart buyers are taking advantage of unprecedentedly low prices and interest rates to lock in savings and buy their own piece of paradise.

10 closings took place from May 1 to May 25th for a total of $4,925,000

~Average sales price: $492,500 at 89.6% of list price on the average
~Average days on market: 248, with the low 51 days and the high 709 days
~The low selling price: $75,000 for 1/3 acre in CB South
~The high selling price: $1,300,000 for a 4 bedroom/4 bath luxury condo at the Lodge at Mountaineer Square, at the base of the mountain

Here are the May 2009 Crested Butte Real Estate Sale Details

For more information about buying or selling property or real estate in Crested Butte, contact me at 970.596.8480. I look forward to helping you achieve your real estate goals. And come visit us to enjoy the wildflowers - Crested Butte Wildflower Festival is coming up July 6th through 12th.

View Complete Newsletter Here

Hello from Crested Butte,

Crested Butte is heading into the busiest season of the year - summer. Yes, summer is bigger than winter in terms of visitors and tourism. Combine all of our great events and activities with our temperate Colorado weather and you can see why folks are spending their summers in the Butte. Bookings at area lodges are up - way up from last year. The Elk Mountain Lodge reports a sharp increase in summer bookings and it's a challenge to find a house to rent in town - most vacation homes for rent are reserved months in advance especially for the months of July and August.

And, we are starting to see our local real estate market wake up from a long winter slumber. Year to date we've realized 28 residential sales and $15 million in volume. There are 19 other residential properties under contract. During May, the following transactions occurred:

601 The Lodge at Mountaineer Square - the penthouse condo sold for $1,300,000.
716 Whiterock - a small single family home in town sold for $795,000.
830 Elk Avenue - a single family home in town sold for $680,000.
701 Red Lady Ave - a 3-bedroom duplex unit in town sold for $650,000.
338 Cement Creek Road - a 3 bedroom Crested Butte South townhome sold for $385,000
M2-18 at Buckhorn Ranch - a sub-1/4 acre parcel traded for $150,000.

Property owners in Gunnison County received their new tax assessments recently. The assessor's office made a report available to help explain why many of us are seeing another round of increases in our property values. Feel free to download the report here.

Here are some helpful links for summertime events and activities in the Butte: Crested Butte Area Calendar of Events Fat Tire Bike Week & Other Mountain Bike Events - June 24-28 Crested Butte Music Festival - Thru July Crested Butte Wildflower Festival - July 6 - 12 Crested Butte Land Trust Wine & Food Festival - July 23-26 Crested Butte's first magazine dedicated to the Crested Butte mountain home was released this month. Visit Peak Magazine online to learn about our community's amazing architecture, interior designs, green building techniques and historic renovations.

Peak Magazine Online

Channing Boucher Benson Sotheby's International Realty Local Knowledge Global Reach

Good day from Crested Butte,

Another single family home in the town of Crested Butte sold this week. 716 Whiterock - the 2005 Crested Butte Remodel of the Year - fetched $795,000. This smaller, 4 bedroom home features a landscaped yard, big detached garage and great proximity to the Town Park, Center for the Arts and Majestic Plaza district.

And, the penthouse at the Lodge at Mountaineer Square, sold for $1,300,000. Unit 601 is a four bedroom condo located on the top floor of the complex.

Both sales were brokered by Benson Sotheby's International Realty in Crested Butte.

ANOTHER SOTHEBY'S SALE - 716 Whiterock

Thanks for visiting,
Channing Boucher
Visit My Crested Butte Real Estate Guide

Good day from Crested Butte,

Another in-town property has sold in Crested Butte. The 1500 sft. townhome shown in the picture below fetched $650,000 or $433/sft last week. The 3 bedroom/2.5 bathroom duplex unit features higher-end finishes, a 230 sft garage and a location across the street from the public school and the Town Park.

Thanks for visiting today.
Visit My Crested Butte Real Estate Guide

Channing Boucher