Here's hoping you had a fun filled Labor Day Weekend. We are beginning to see gold in the hills as the leaves start to change. August in Crested Butte was packed full of fun summer festivals and amazing live music. We celebrated the 45th Annual Crested Butte Arts Festival which brought in talented artists from around the region and welcomed some great music to the valley such as Sawyer Brown, The Bellamy Brothers, Asleep at The Wheel and Band of Heathens. Summer softball leagues played their playoff games with Pitas taking the title in both the Wednesday league and Tuesday/Thursday league, kids went back to school and the Evolution Bike Park continues to see many visitors enjoying our world class downhill mountain biking. More visitors than ever from all over enjoyed our miles of hiking, biking trails, lakes and rivers.
The Valley's September calendar remains full as we wind down another great summer season and enter a quieter time of the year. We look forward to the 19th Annual Chili & Beer Festival which will be held on tomorrow starting at noon. The Evolution Bike Park continues to run the Red Lady Express lift daily through September 10th and Friday through Sunday, September 15th through October 1st. Click here for a real time weather report and trail information. Be sure to visit one of Crested Butte's wonderful restaurants and bars and check out their summer menus before they head into "off-season" hours. Looking for things to do this fall? What could be more perfect than heading over to Paonia and checking out some of the wonderful wineries? Visit Crested Butte Wine Tours for more information or to schedule your fall wine tour. Looking forward to enjoying fall sunsets on your deck or patio? Need some unique mountain furniture? Be sure to visit Paradise Ski Chairs and check out their array of local, handmade ski furniture.
Local September Events
Back to School Party with DJ Sean ~ Sept 1 Historic Walking Tours ~ Sept 5, 7, 12, 14, 19, 21, 26, 28 Sketching in the Gallery ~ Sept 6 Speaker Series - George Sibley ~ Sept 8 Park to Peak to Pint Race ~ Sept 9 19th Annual Chili & Beer Festival ~ Sept 9 High County Hikes - Galena Mountain ~ Sept 10 Regenerations: Creative Voice in Nature - Activating Your Expression ~ Sept 10 Drawing Skills With Mary Tuck ~ Sept 11 - Oct 2 Sketching in the Gallery ~ Sept 13 Cornmeal ~ Sept 16 High Country Hikes - Rocky Point ~ Sept 17 Sketching in the Gallery ~ Sept 20 Vinotok Frank Orazem Memorial Storytelling Evening ~ Sept 20 Reception for Photographer Caroline McLean ~ Sept 22 ArtWalk ~ Sept 22 Dale Pale Ale Presents Steep Canyon Rangers ~Sept 22 "Learn to See the Extraordinary in the Ordinary" workshop with Caroline McLean ~ Sept 23 Sketching in the Gallery ~ Sept 27 Women's Networking Night ~ Sept 27 Coffee with the Community: Phil Chamberland ~ Sept 28
Click here for the entire Crested Butte/Gunnison Event Calendar
What's Happening in the Real Estate Market
The market continues to strengthen as shortage of inventory and high demand put pressure on specific sectors of the market. Lower priced homes and condos moved rather quickly so if you are a buyer and see something you like let me know immediately, as it may go under contract prior to you being able to view it. If you are in the market to sell your Crested Butte property call me for a current market analysis as we have reached '06/'07 values for some sectors of the market.
Currently there are 20 single family homes on the market in the town of Crested Butte which is one less than in August. There are currently only 33 active homes on Mt. Crested Butte which is down from 39 in August. This may represent a surge in interest of Mt. Crested Butte homes since the town of Crested Butte's short term rental restrictions were enacted. 18 Aspen Lane, one of the best single family offerings on the mountain, is back on the market as financing fell through for the last buyer. Mt. Crested Butte has 75 active condos which is slightly higher than August as sellers take advantage of higher prices and are more apt to sell. The least expensive home in the upper valley is a Crested Butte Meadows home listed at $549,000. Crested Butte South currently has 12 single family homes on the market, the least expensive offered for $555,000.
For the month of August in the upper valley we had 41 single family homes and condos sales representing a total of $29,133,975 in sales volume compared to only 30 sales and $13,727,330 in volume for the same period last year. An amazing increase for just one year to say the least. Sales in August ranged from a Mt. Crested Butte Grand Lodge Condo selling for $73,000 to the gorgeous seasonal access Double Top Ranch home I had listed, selling for $2,995,000. As we head into September, we currently have 70 homes and condos under contract, representing a listing amount of $57,923,289.
We saw a jump in land sales last month as well. A total of 19 parcels sold in August, up from 13 in July, for a total of $4,459,300. August of 2016 experienced only seven sales with a total of $1,590,750 in volume. Currently, another 20 parcels are under contract with a total listing price of $7,477,900. Land sales are improving dramatically as building continues to increase. Click the link below to view our comprehensive 2nd Quarter Market Report and keep an eye out for our 3rd Quarter Market Report coming next month.
Click here for our 2nd Quarter 2017 Report
Click here for our Summer 2017 Collection.
You may search all available inventory by clicking here.
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.