Welcome to my December edition of the Crested Butte Collection.
Hope everyone is recovering from their turkey comas as ski season gets under way here in Crested Butte. Although snow fall has been slim so far, similar conditions existed last year then hit us as hard as ever in late December so I remain optimistic. After a few inches of snow Monday town is looking quite festive as we get ready for another busy Christmas Holiday. Thanksgiving was opening day which brought many folks out to the mountain and we look forward to a festive and bright Christmas season and all the joy the holidays bring.
Real Estate Market Overview
Demand for Crested Butte real estate continues to grow in the tail end of 2017. Through November a total of $202,251,331 of single family home and condo sales volume has occurred in the upper valley compared to that of $148,442,998 for the same period last year. 50 of those sales were over $1mil compared to 36 in 2016. Average reduction off list price was 4.7% in 2017 compared to that of 5.3% in 2016.
Rural Crested Butte single family home sales continue to improve through November with a total of $58,868,500 in volume and 38 transactions. In 2016 we experienced only 27 transactions and $36,217,250 worth of volume. 24 homes sold for over $1mil compared to only 12 in 2016. Average off list price was 6.8% in 2017 compared to that of 8.6% in 2016. Currently there are 46 active listings with almost $100mil in volume.
Land has seen a significant increase as well with a reported 112 transactions with $27,22,609 worth of volume through November. Same period last year we experienced 83 transactions with a total sales volume of $18,041,399. Average reduction of list price was 9.4% in 2017 compared to 8% in 2016.
If you’re looking to preview and purchase a property that interests you, contact me anytime. You can search all Crested Butte inventory by clicking here.
Currently there are 20 single family homes on the market in the town of Crested Butte, one more than in November. There are 27 active homes on Mt. Crested Butte, down one from October. Mt. Crested Butte has only 72 active condos and town homes. The least expensive home in the upper valley is a Crested Butte South home listed at $587,500 and Crested Butte South has only 5 single family homes on the market, down from seven in November.
We experienced 27 single family home and condo sales in the upper valley for November. Sales ranged from an Grand Lodge Condo selling for $72,500 to a beautiful ski-in/ski-out, 6 bedroom, Mt. Crested Butte Home in Prospect selling for $3,365,000.
Thinking of Selling Your Crested Butte Property?
I'm a top agent for the sixth year in a row and approaching $29mil in sales for 2017 which proves I have the local experience to represent you with the highest degree of professionalism whether a buyer or seller. Call Me Anytime Exclusive Feature Property 20143 State Highway 135
A magnificent year round ranch property spread across 45.60 acres, conveniently located seven minutes from downtown Crested Butte. This 16,000+ sq. ft. structure has been completely remodeled into a 6,472 sq. ft. five bedroom, four full and one and a half bath high-end residence with a one bedroom, one and a half bath guest apartment and two-car garage. The expansive main home is complemented with solid wood floors, reclaimed barn wood accents and sliding doors, cathedral ceilings, natural stone counter tops, stainless steel appliances, air conditioning, wood stove, gas fireplace and powered window treatments. The 10,000 sq. ft. riding arena attached to the residence has six horse stalls and a four-car garage. The grounds have a horse barn, two loafing sheds, heated dog kennel, full property fencing and an $80k+ professional riding arena. Located in Gunnison County with no HOA or covenants.
Get in touch now to schedule a showing of this one of a kind ranch.
The holidays are here and the December calendar is full of festivities going on around town. Take in the numerous activities such as visits with Santa, live music and not to be missed, the 5th Annual Santa Ski & Crawl. Before a busy day on the slopes or in the backcountry, be sure to click here for a real time weather report and be prepared before you head out. After a fun filled day skiing, visit one of Crested Butte's wonderful restaurants and bars to satisfy your appetite with a hearty meal and satisfying beverage. I highly recommend Soupcon a cozy French American Bistro serving some of the best food in town! Start off your culinary adventure with caviar, escargot, slow braised veal cheek, or duck confit.
Local December Events
Tree Permit Sales ~ Dec 7 Crested Butte Light Up Night ~ Dec 8 CBAC's Avalanche Awareness Night - Dec 8 Santa Ski & Crawl ~ Dec 9 Light Up Night On The Mountain - Dec 9 Crested Butte Backcountry Film Festival ~ Dec 14 Big Bad Voodoo Daddy ~ Dec 18 Winter Solstice At The Umbrella Bar ~ Dec 21 Live at Butte 66: BD And The Woodsplitters ~ Dec 22 The Grinch Holiday Movie & Pajama Party ~ Dec 22 A Christmas Carol ~ Dec 23 Torchlight Parade & Santa's Sleigh Ride ~ Dec 24 An Evening With Trout Steak Revival ~ Dec 28 NYE Apres At The Umbrella Bar ~ Dec 31 New Year's Eve Torchlight Parade & Fireworks ~ Dec 31
Click here for additional local events.
In the News
For more community news visit my Community Blog.
Thanks for reading today! Please feel free to forward along to anyone you might think interested.
Get my personalized Sotheby's International Realty App for your smart phone! Click Here.