August 2014

August 2014 Edition

Town Tidbits

A taste of fall has touched our valley as colder evenings (a hat would have been nice this morning), rainier days and a few snow capped peaks have made their annual appearance. Labor Day weekend has come and gone but yet our small mountain town remains bustling with visitors. Mt. Crested Butte lodging sales tax revenue is up 25% and 14% in Crested Butte. Retail and restaurant tax revenue is up 8% to 31% from 2013 so it is evident we're busier than ever. 

Town council unanimously approved Bud Lite's temporary take over of Elk Avenue to transform our town into a blue fantasy land titled Whatever, USA. Town will receive a gift of $500,000 and all the beer we can drink. Some folks are recommending the money go toward a new pool and athletic facility which I personally think is a great idea. Visit the Facebook page here to show your support. In any event the vast majority of town is looking forward to the party and I'm sure we will all represent in typical Crested Butte costume fashion.

Here is a brief list of September 2014 summer events:

September 3-7 ~ Big Mountain Ultra Enduro bike race
September 5-7 ~ Whatever, USA - Bud Lite Party
September 5-6 ~ 24th Annual Superfly Fishing Tournament
September 14-20 ~ Vinotok Fall Harvest Festival 
September 20 ~ Chili and Beer Festival
September 25-28 ~ Crested Butte Film Festival

Check out these and other events at the Gunnison/Crested Butte Event Calendar

What's Happening in the Market

What a difference a month can make. Currently year to date residential sales trail the same period last year by less than $8mil. That's only 9.6%. A huge improvement over last month's 25%. Since August 1st three properties have sold over $2mil including two over $3mil. 147 transactions year to date totalling $72,207,375. Median prices are up 16% and averages prices are up 6%. Another 61 properties are under contract totalling $31,962,260.

Land sales are improving slightly as $6,901,500 encompassing 33 transactions have sold in the upper valley year to date. That is still 22% down from the same period last year. Land, historically, is the last sector of the market to recover.

Check out 625 Red Mountain Ranch Road (just lowered $500k, will be the largest home in the county when basement is finished, over 15,000 sq. ft.) and 822 Sopris Avenue (just completed, the finest home on the market in the town of CB) to the right in my listing section.

In the News

Conservationists work to protect Crested Butte open-space access
Colorado's budding marijuana tourism
Book Early Save Big on Airfair 
The ten ski towns you must absolutely visit this winter
Crested Butte OKs Bud Lite's "Whatever" promotion
Bon Appetite - Dogwood Cocktail Cabin's Beetnik
Crested Butte hits target with high mountain shoot

Click here for our new summer Collection.

Thanks for reading today! 

625 Red Mountain Ranch Road
Crested Butte, Colorado 81224
4 Bed | 7 Bath | 9,269 SqFt | $4,495,000
822 Sopris Avenue
Crested Butte, Colorado 81224
4 Bed | 5 Bath | 3,303 SqFt | $1,950,000
1363 Red Mountain Ranch Road
Crested Butte, Colorado 81224
Bed | Bath | SqFt | $545,000
189 Cascadilla Street
Crested Butte, Colorado 81224
4 Bed | 3 Bath | 2,630 SqFt | $489,000
11 Hunter Hill Road Unit 504
Mt Crested Butte, Colorado 81225
2 Bed | 2 Bath | 1,073 SqFt | $219,900
88 Peanut Lane
Mt. Crested Butte, Colorado 81225
Bed | Bath | SqFt | $175,000
Click here to view the published version the August 2014 newsletter.