Greetings from Crested Butte, May 1, 2010
The Winter real estate season is over and sales for the first 4 months of 2010 are up 42% over 2009. Although 2009 was far from a stellar year, this is definitely a step in the right direction.
Here are the details:
Number of sales: 47
Currently under contract: 23 properties
Total dollar volume: $18,813,762
Total dollar volume: $10,972,200
Average sales price: $400,293
Average list price: $477,052
Average days on market: 259
Average days on market: 322
Notable sales:
16 Third Street $708,000
124 Whiterock $825,000
719 Belleview $510,000
213 Sopris $510,000
5 Ruth's Road $1,401,000
269 Fairway Drive $975,000
66 Wapiti Way $1,250,000
We've seen prices discounted as much as 50% from original list price to bid upwards to 140% over asking, and everything in between. The fact is that in Crested Butte, as with most of the world, real estate prices are down. This is not unique to CB. According to the Western Resort Alliance, ski resorts in the West have experienced price drops of about 40% and volume drop about 70%. There is nowhere to go but back up now and the recent rash of multiple offers on well-priced properties, the number of buyers looking around, is an indication that we may well be at the bottom of our market. Well, you know where this is going, don't you? You hear this from everyone everywhere ... it is a great time to buy real estate!
Seriously, though, as we head into our gorgeous Summer season, we anticipate lots of buyers to take advantage of very favorable conditions to buy their dream CB property ... if you've been on the fence, get off the fence and come look around. I promise you will like what you see.
We'd be delighted to give you tour, show you our favorite hikes, share our fantastic restaurants, rivers and of course, our terrific real estate offerings.
PS: The famed Tipple House, ski-in/ski-out with nearly 5,000 sq ft has been repositioned to only $4,489,000
"This handcrafted one-of-a-kind home, with individual attention to detail from builder and developer Corbin Marr and design by Sunlit Architecture, features reclaimed mine-wood and gold-flecked stone from the Gold Links Mine in Ohio City, Colorado. A sod and wildflower roof on the garage, ski and spa patios, a ski locker room, and up-close views of the North Face complement the ski-in, ski-out location in a secluded area of Prospect. "
Let me know if you'd like a private tour when you are in town.
All my best, Trish
Please feel welcome to explore this website for more insights on Crested Butte and real estate properties in Crested Butte
A frank look at the economy in CB
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 mountain resort town, there are always people who will buy a vacation home or investment property. But quite possibly, this year may be different. Disposable funds have dried up, and sales have dropped below normal for this Crested Butte and Mount Crested Butte ... good news for the buyer! Sellers are motivated, and there is an abundance of inventory...in all price levels. However, signs of recovery are on the horizon, our sales in July were way up, as was buyer optimism ... that good news for the seller! Prices that have been depressed this year will probably start to rise in the next 6-12 months. 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.
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Welcome to Crested Butte.
This can be your new backyard. And when you have a backyard like this, you'll want a home to match.
Crested Butte real estate has as much to offer as the Elk Mountains around it. Do you yearn for a luxury retreat in Colorado’s last great ski town? How about a hassle-free townhouse-style home with unparalleled vistas and skiing and hiking access? Or maybe you’re looking to sell or upgrade your seasonal getaway. Whatever your vision, your dream, we can help you find the best property at the best price in the best location. A cozy ski condo, luxury townhouse, ski home, an equestrian ranch, an idyllic riverfront home and golf course homes. Investing in your retirement and perfecting your lifestyle, we are delighted to help you achieve that dream.
Our specialty is finding that rare property that fulfills your dreams.
Come on in and explore this quintessential mountain town, a laid-back community where culture, cuisine and art and meet rustic, quirky and rugged; where neighbors say “good morning” and mean it; where your daily commute includes some turns or a few miles of single track, and business owners aren’t afraid to hang up a “Powder Day” sign and open a little late. This is a real town where the stars are still bright, doors and bikes are left unlocked, and locals fight to protect their wild lands.
While you’re browsing you can research Crested Butte & Mount Crested Butte communities and homes , find fun things to do in Crested Butte , search MLS for Crested Butte properties , meet Trish , keep up on our Crested Butte real estate market and more.
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 Whether you're looking for a Ski-in/Ski-out home or condo , your Crested Butte golf course dream home or an investment property, I am here to share my expertise, local knowledge and negotiating skills to your advantage. When making the type of investment that buying your dream vacation home requires, you deserve a proven professional. Want to know about homes for sale in Crested Butte and Mount Crested Butte? - call me to search on your behalf. 201.960.2090. |
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