The Crested Butte Connoisseur
Brought to you by Corey Dwan of Benson Sotheby's International Realty
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Hi Everyone,
Happy Leap Day! Hope you enjoyed your extra 24 hours today. Winter has finally been kind to us bringing many new inches of snow on the mountain. In the last week we have received 17" of the light fluffy stuff allowing us to have 98% of the ski terrain open. Ironically we have had spring like skiing conditions in between storms making for the most comfortable mid-winter skiing environment we have seen in years. So if you haven't made plans to come during Spring Break, make them now as our little mountain town will inevitably give you some incredible skiing days. There is a lot happening in March, see below, so don't miss everything Crested Butte has to offer this winter.
Mild Winter Can't Put Freeze on Ski Resorts
Crested Butte Market Update
Real estate sales have begun dramatically for the year. As of today our upper valley (Almont North) has had 30 sales of condos and single family homestotaling $16,224,448 with almost $12,000,000 more under contract which combined represents nearly 30% of our total sales in 2011. That's a 147% increase in closed transactions from the same period last year! Personally I am experiencing the same having completed six transactions so far and three more under contract, a third of my total transactions from last year. Inventory is moving and more cases of multiple offers on the good bargains have become predominant.
Notable sales would include a $1,030,000 sale in the West Wall Lodge representing a jump from the average sold price per square foot from last year of approximately $250 up to an astonishing $402! Those of you that purchased West Wall units last summer are jumping for joy. Two more homes in the town of Crested Butte and rural Crested Butte sold for $1.4mil and $1.6mil respectively and 105 Bear Scratch on Mt. Crested Butte sold for $4,000,000 delineating a sale price per square foot of $613. Three more homes over a million are already under contract as well.
Another milestone for the Mt. Crested Butte condo market is that all but one of the distressed units in the Grand Lodge have sold. 15 Grand Lodge condos sold last year for record low prices ranging from $40k to $57k. Now there remains only one unit left priced at $67k with the remaining units priced at $91k or more. If there was any doubt we hit bottom about four to six months ago that doubt has now comfortably passed. How long we remain at the bottom is the next question.
Crested Butte in the News
National Geographic - World's Best Ski Towns
Crested Butte Lands #18 in Carnival 2012
Ski the Butte - Colorado's True Ski Town - The Examiner
Crested Butte Enjoys Some of the Most Snow From Recent Storms
Rustic Crested Butte's Chic Drink Destination - Dogwood Cocktail Cabin
Current News of the National Real Estate Market
Real Estate Forecast and Beyond - Warren Buffett says Buy Baby, Buy!
January Pending Home Sales Rise, Market on Uptrend
Housing Expected to Add to GDP for the First Time in 7 Years
Housing Inventory Ends 2011 Down 22%
Housing Crisis to End as Banks Loosen Credit Standards
Average 30 Year Fixed Rate Up From All Time Record Low
Crested Butte Now Has Great Mexican Food
March Schedule of Events
1 Learn to Skate Ski for Free!, Crested Butte Nordic Center
1 – 31 “Green” Juried Art Exhibition, Gunnison Arts Center
2 First Friday Gallery Crawl & Music, Various Galleries & Locations, Gunnison
2 – 3 Crested Butte Dance Collective’s Move the Butte, Crested Butte Center for the Arts
3 Stage 3 of Stage 3 Ice Fishing Contest, Elk Creek Marina at Blue Mesa Reservoir, Gunnison
3 Super Tour (Race & Rec Nordic Skiing Divisions), Crested Butte
3 – 4 Puckasso Hockey Tournament benefiting Gunnison Arts Center, Jorgensen Events Center
4 7 Hours of the Banana benefit for Adaptive Sports Center, Crested Butte Mountain Resort
6 John Oates Concert, Crested Butte Center for the Arts
7, 14, 28 Wednesdays at Western State College, Different Activities/Topics Weekly, Gunnison Valley
8 Full Moon Dinner at the Yurt, Crested Butte Nordic Center’s Magic Meadows Yurt
8 Moonlight Snowshoe Tours, Crested Butte Mountain Resort
8-10, 15-17 24th Annual “Sonofagunn” Theatre Production, Gunnison Arts Center
9 – 10 Banff Mountain Film Festival, Crested Butte Center for the Arts
10 Kids Rock Concert “Aloha in the Butte,” Presented by Trailhead Children’s Museum &
Crested Butte Arts Festival, Elevation Hotel Ballroom
10 Ski For Hope Nordic Challenge, East Side Nordic Trails, and Ski-a-thon, Town Ranch, CB
10 Big Air on Elk Presented by Colorado FreeSkier Presents, Elk Avenue, Crested Butte
11 Beach Ball Express Scavenger Hunt Benefiting Crested Butte Mountain Heritage Museum, Crested Butte Mountain Resort
12 – 16 Spring Break Siblings Camp, Adaptive Sports Center, Mt. Crested Butte
14 Paint Your Own Pottery Spring Break Event for Kids & Families, Trailhead Children’s
Museum, Mt. Crested Butte
15 – 17 16th Annual U.S. Extreme Freeskiing Telemark Championships, CB Mountain Resort
17 Dinner at the Yurt, Crested Butte Nordic Center’s Magic Meadows Yurt
17 – 18 FestEVOL, Crested Butte Mountain Resort
17 – 19 High Adventure Weekend: Ladies Getaway, Adaptive Sports Center & Crested Butte
Mountain Resort, Mt. Crested Butte
18 Winter Photo Workshops by Xavi Fane & Raynor Czerwinski (on snowshoes or skis!),
Crested Butte area
18 Al Johnson Memorial Uphill/Downhill Telemark Ski Race, Crested Butte Mountain Resort
20 “Doubletime” (documentary film), Crested Butte Center for the Arts
21 – 24 16th Annual Extreme Telemark Freeskiing Championships, Crested Butte Mountain Resort
25 38th Annual Al Johnson Uphill/Downhill Telemark Race, Crested Butte Mountain Resort
25 PHAMALy (Physically Handicapped Actors & Musical Artists League) performance, Crested
Butte Center for the Arts
29 ArtWalk Evening, Studios & Galleries in Downtown Crested Butte
30 – 31 15th Annual Elk Mountains Grand Traverse, Crested Butte to Aspen
Thanks for all your referrals!
I succeed when people like you refer me to their family, friends, neighbors and colleagues. It's the best kind of feedback I can receive. So thanks for continuing to pass along this newsletter to all.
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Corey Dwan Benson Sotheby's International Realty 433 Sixth Street Crested Butte, CO 81224 970-596-3219 Cell 970-797-1810 Fax Corey.Dwan@SothebysRealty.com www.CrestedButteForSale.com www.SothebysGlobalRealEstate.com |
Thanks for reading! If you'd like to tell me what you think about this newsletter, or if you're thinking of buying or selling real estate, please do get in touch.
Corey Dwan of Benson Sotheby's International Realty is pleased to announce the successful sale of yet another affordable ski in/ski out condo in Mt. Crested Butte, Colorado via Buyer representation. This spacious two bedroom, two bath ski in/ski out condo is located slope side above the Red Lady and Silver Queen lifts. Under contract for only three weeks this condo that was originally listed for $205,000 was sold for $160,000. This represents another great bargain in the Crested Butte real estate market. Similar condos were selling for close to $400,000 at the height of the market in 2005 and 2006. There are still a few great opportunities available but they are moving fast if priced correctly.
Unit 508 The Buttes, Mt. Crested Butte, CO 81225 - 2 Bedroom - 2 Bath - 919 Sq Ft - Ski in/Ski out
Call Corey Dwan for all of your Crested Butte real estate needs and get that mountain getaway before the prices start to rise.
Search for Crested Butte and Gunnison Real Estate
Corey Dwan - REALTOR
Benson Sotheby's International Realty
P.O. Box 210
433 Sixth Street
Crested Butte, CO 81224
970-596-3219 Cell
970-797-1810 Fax
www.CrestedButteForSale.com
Corey Dwan of Benson Sotheby's International Realty is pleased to announce the successful sale of another one of his listings in Mt. Crested Butte, Colorado. 21 Crested Mountain Lane, unit 503 is located in The Buttes condominium complex which enjoys true ski in/ski out access. Listed at $299,000 this spacious, slope side condo closed Monday for $265,000. Representing a price per square foot of only $181 it is truly the time to buy ski in/ski out property in Crested Butte. 503 Buttes has three bedrooms, three full baths and an indoor hot tub. The Crested Butte condo market has been very active the last year and amazing bargains still exist so please call Corey for more information.
Whether you are inquiring about Crested Butte homes for sale, Crested Butte condos for sale or Crested Butte land for sale or wish to sell your Crested Butte home, condo or land Corey has vast knowledge of the Gunnison Valley to assist you. As a Benson Sotheby's International Realty real estate agent and Realtor Corey has unrivaled access to qualified people throughout the global Sotheby's network. Please take a moment to get to know him better by clicking About Me and Testimonials. You may search the Crested Butte MLS listings via his Crested Butte property search page anytime of the day as well as contact him to notify you of new property listings and to be kept up to date on the Crested Butte real estate market. Contact Corey anytime of the day to obtain his expertise as your resort property specialist in the Crested Butte area as he is committed to unparalleled service.
Search for Crested Butte and Gunnison Real Estate
Corey Dwan - REALTOR
Benson Sotheby's International Realty
P.O. Box 210
433 Sixth Street
Crested Butte, CO 81224
970-596-3219 Cell
970-797-1810 Fax
www.CrestedButteForSale.com
Corey Dwan of Benson Sotheby's International Realty is pleased to announce the successful sale of one of his Crested Butte single family home listings. Assisting both Buyer and Seller Corey managed to sell this quaint Crested Butte home sold for $438,000. Listed for an asking price of $475,000 this sale price represents an almost 8% discount for the Buyer and a satisfactory selling price for the Seller. 116 Whiterock Avenue has three bedrooms, one full bath and 1460 sq. ft. and an extra large lot with plenty of room to expand. Corey is currently the number one Crested Butte Realtor for the amount of Crested Butte area transactions in 2011. Corey is personally invested in Crested Butte real estate and is bullish on the Crested Butte market from the perspectives of both a real estate agent and owner.
Search for Crested Butte and Gunnison Real Estate
Corey Dwan - REALTOR
Benson Sotheby's International Realty
P.O. Box 210
433 Sixth Street
Crested Butte, CO 81224
970-596-3219 Cell
970-797-1810 Fax
www.CrestedButteForSale.com
Corey Dwan is pleased to announce the successful sale of this beautiful Robert Trent Jones, Jr. Golf Course frontage lot. 525 Country Club Drive, a bank owned parcel, just sold for an amazingly great price of $145,000. With some sales of similar lots at the height of the market well over $500,000 this sale definitely represents a great opportunity for this buyer. Land values have been the hardest hit in this recent economic downturn, much more than the condo market. For summaries of the Crested Butte real estate market please visit my newsletter The Crested Butte Connoisseur. There you will find that land sales are on the rise representing a 45% increase over last year alone. Please call Corey Dwan for all of your Crested Butte real estate needs.
Corey is currently Benson Sotheby's International Realtys' third highest producer and ranked number one for the amount of Crested Butte area transactions in 2011. Corey is personally invested in Crested Butte real estate and is bullish on the Crested Butte market from the perspectives of both a real estate agent and owner.
Search for Crested Butte and Gunnison Real Estate
Corey Dwan - REALTOR
Benson Sotheby's International Realty
P.O. Box 210
433 Sixth Street
Crested Butte, CO 81224
970-596-3219 Cell
970-797-1810 Fax
www.CrestedButteForSale.com
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Sotheby's Realtor Specializing in luxury homes and estates, ranch and acreage properties, condominiums, ski in/ski out and residential in Crested Butte, Gunnison and Creede, Colorado.
Born of the storied auction house, Sotheby's International Realty continues to provide exceptional service and astute valuation for many of the world's finest and most luxurious homes. I specialize in luxury homes and estates, ranch and acreage properties, condominiums, ski in/ski out, lake view, river frontage properties, golf course homes, residential and commercial developments as well as custom builder representation throughout the Crested Butte, Gunnison, Creede area.
Whether you are inquiring about Crested Butte homes for sale, Crested Butte condos for sale or Crested Butte land for sale or wish to sell your Crested Butte home, condo or land I have vast knowledge of the Gunnison Valley to assist you. As a Benson Sotheby's International Realty real estate agent and Realtor I have unrivaled access to qualified people throughout our global Sotheby's network. Please take a moment to get to know me better by clicking About Me and Testimonials. You may search the Crested Butte MLS listings via my Crested Butte property search page anytime of the day as well as set up My Listing Manager to notify you of new property listings. Contact me anytime of the day to obtain my expertise as your resort property specialist in the Crested Butte area as I am committed to unparalleled service.
Realtor, GCAOR
12 years of experience buying and selling real estate.
Testimonials:
-"Corinne and I had been working with Corey for several months prior to the purchase and as you can imagine we had many, many questions as this was intended to be a mixed-use property and long distance as well . We were absolutely amazed as to how responsive and thorough Corey was in getting us the answers.
We have been engaged with many agents over the years and can honestly say that Corey was the best we have ever worked with. He even did an inspection for us while on crutches and only a few days after his surgery.
It was a real pleasure working with such a personable and yet professional person like Corey and he is a true asset to your organization. I wish Corey and the rest of your team all the success, as it is well deserved."
John Giuffre, Houston - Texas
-"Corey is not only a service-oriented, organized and communicative Realtor, he's a resourceful, proactive marketer. He thinks outside the box; he utilizes electronic media broadly, and works collaboratively with other Realtors to bring the right clients to the right property for the right price."
Diane Clow, Denver - Colorado
-Now that the long ordeal is over and we have finally closed, I wanted to complement you on your professionalism and your knowledge of the Crested Butte Real Estate market.
I have never before closed on a property that had so many problems and involved so many people. Thank goodness for your bulldog tenacity with the different people and your willingness to go far beyond the call of duty. Not many Realtors would have known what to do about the easement problems, or known who to call for each stage of the process to insure the problems would be cured in time for closing. Without your help I do not believe we would have ever closed on the home of our dreams. You are not only our Realtor, but you have become our friend! I would not hesitate to recommend you to anyone looking for property in the Crested Butte area, and you have my permission to use me as a reference.
Your friend, Judge Ross A. Sears, Dallas - TX
-"We highly recommend Corey Dwan as a real estate agent for anyone considering buying or selling in Crested Butte. He was indispensable during the sale of our first condo in Crested Butte by helping us to sell quickly and easily. We made a very nice profit in an otherwise challenging market. He was our agent, again, during the purchase of 2 more condos that same year. He was a savvy negotiator who always had our best interests in mind. We will buy and sell with him again without hesitation. It was a pleasure to work with him. "
Robin Bregman, Sao Paulo - Brazil
-To Whom It May Concern:
I just wanted to take the time to tell all of you, how much my family and I appreciate the hard work that your office did to help us acquire our new home in Crested Butte, CO. In particular, Corey Dwan went well beyond the call of duty to make sure that we were able to close on this property. The entire process took over 3 months and without Corey’s hard work and dedication I feel certain that the deal could not have been done. I can’t imagine a more complicated closing, with all the legal issues that we had related to the property, and Corey never gave up, and continued to help us every step of the way.
It goes without saying that I will highly recommend Corey Dwan to anyone wanting to purchase property in the area. I consider him to be the best real estate agent in the area, and now a very good friend.
On behalf of my family, thank you, thank you, thank you!
Your new friend and neighbor, Ross A. Sears II, Sears & Crawford, LLP, Dallas - TX
- I have known Corey for several years. In that time we have completed three purchases and one sale. Corey continues to demonstrate that not only is he a consummate real estate professional, but goes well beyond his basic responsibilities to make sure that he exceeds customer expectations. It is for this reason that our relationship has grown well beyond the mere transaction. I would highly recommend that anyone interested in real estate transactions (purchase, sell, invest) in the Crested Butte / Gunnison area engage Corey as a partner.
Dan Bregman, San Paulo - Brazil
"Corey is a consummate professional who understands all aspects of the home purchasing process. First and foremost, he listens to his client to understand what they are focused on, what they value and what their concerns are. He then educates his clients in areas that he believes might help them make a more informed decision. Once a specific plan in agreed upon, he does an outstanding job of patiently doing what needs to be done to execute the plan.
He is clearly very close to the Crested Butte real estate market. He understands the banking/lending world very well, along with all of the legal aspects, including short sales, REO, foreclosures and the like.
He is familiar with Crested Butte developers and knows which builders are well respected and which ones should be avoided. He is not focused on maximizing his fee income, which is refreshing; he simply wants his clients to be happy.
He is fun to work with, honest, bright, creative and always maintains the highest degree of integrity.
I would highly recommend him."
Michael Hersh, Atlanta - Georiga
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