Happy Thanksgiving Everyone!

Winter has arrived with a thin layer of snow blanketing our valley and I mean thin! That's alright though as this is really the norm for this time of year. Temperatures are cold enough for CBMR to make snow and to help nature along so that everyone had enough of the white stuff to carve the first turns of the season. Yesterday was opening day and everyone enjoyed free skiing, music, food and drink. Today we continue the gluttony and eat to our heart's content. It's rough living in the mountains but someone has to do it!

Crested Butte Market Update

Despite some uncertainty prior, during and after the Presidential election of 2012 it seems sales continue to push forward. Since my last newsletter we have sold $8,412,012 more of homes and condos in the upper valley. We have completed 183 transactions so far this year totaling $79,639,880 representing an average reduction off of list price of 9.5%. This was down slightly from the 11% average encountered in 2011. This years total sales are lower in volume from the same period last year but we experienced 78 more transactions compared to the same period in the last election year. Another 37 properties are under contract totaling $15,772,500 so we are on track for a great year end total.

Land sales continue to outperform last year with 53 transactions closed since January 1, 2012 worth $10,731,500 revealing an average reduction off of list price in excess of 23%. Four more parcels totaling $580,000 are under contract.

Some notable statistics would include that 31% of land sales last year were bank owned, short sales or foreclosures compared to that of only 15% for the same period this year. Concerning home and condo sales, 44% last year were of distressed origin compared to only 29% so far this year, evidence our market continues to correct itself.

Crested Butte Airline and Lodging Deals

Friends and Family Fly Free - Every third airline ticket is on Crested Butte - Click here for more information.

Crested Butte Mountain Resort and Telluride Ski Resort have teamed up to offer the Telluride Crested Butte Ultimate 6 Pass, a 6-visit pass good for 3 days of skiing and riding at Crested Butte and 3 days of skiing and riding at Telluride. Click here to order.

$399 - 4 Night/3 Days Ski Package
Stay at the Old Town Inn - steps from the free Mountain Express shuttle to Crested Butte Mountain Resort and a few blocks walk into downtown Historic Crested Butte.
Click here for more information.

Stay & Ski Free with Peak Properties
Book any 3 nights or more with Peak Properties between November 22 and December 19, 2012 and order FREE lift tickets for each member of your group!
Click here for more information.

Ski Free With Lodging - November 21 - December 19 - Click here for more information.

New air service on Allegiant Airlines from Phoenix, AZ (Mesa Airport) and Oakland, CA to Montrose, CO for 2012-13! Regional transfers available via Alpine Express and CB Specialty Services! 

Make sure to visit CBMR's Deals Page to the most up to date travel, lodging and ski deals currently available.

Crested Butte Concierge Services

Anthony from Crested Butte Specialty Services would like to let you know that he just picked up his second luxurious Suburban for his limo fleet. If you are flying to Crested Butte this winter he will give you 10% off for mentioning The Crested Butte Connoisseur. That's only $220 for up to six people round-trip from Gunnison or $405 round-trip out of Montrose. He offers many custom services so check him out, I highly recommend him.

Exclusive Property of the Month - Motivated Seller!

329 Maroon Avenue - Crested Butte

Classic old world style exemplifies this Crested Butte Victorian home nestled on three lots just a stone's throw from downtown Crested Butte. Located on the coveted west side of Maroon Avenue this beautiful historic home has undergone an entire remodel consisting of new plumbing, electric, the finest hardwood floors, solid wood cabinets, high-end kitchen appliances, counter tops and fixtures. Impeccable and original wood details can be found throughout the home and commanding views of the surrounding mountains can be seen from every room. There is a full guest home with kitchen, two bedrooms, living room, full bath and one car garage. The uncommonly large, fenced yard has been professionally landscaped to create a truly inviting experience.
$1,195,000 - 5 Bedroom - 4 Full Baths - 2,467 Sq Ft - Three Town Lots!

Crested Butte in the News

Ski, lodging, lift ticket and airfare deals in the Gunnison-Crested Butte area - Examiner
More than Free Skiing at Crested Butte on Opening Day - Examiner
Colorado's Great Ski Resorts - Mail Tribune
Crested Butte Pretties up for the Holiday - Cherry Creek News
The Best Ski Resorts in North America - Outside Magazine
Liftopia announces pre-Black Friday/Cyber Monday sale of lift tickets - Examiner

Current News of the National Real Estate Market

2012 update on the luxury real estate consumer - AG Beat
Homes are Selling Faster as Inventories Falls - Realtor Mag
Q3 home prices show strongest growth since 2006 - Inman News
Home Prices Rise in 81% of U.S. Cities as Markets Recover - Bloomberg
Home Prices Up 7.6% From Year Ago - WSJ
Mortgage rates fall to record lows again - CNN Money

Upcoming Area Events


22 - 24

First Friday Gallery Crawl & Music, Various Galleries & Locations, Gunnison Sugar Plum Festival, Fred R. Field Western Heritage Center, Gunnison Crested Butte Nordic Center Opens for the Season
Crested Butte Mountain Resort Opens for the Season
Crested Butte Nordic Center?s 10th Annual Thanksgiving Training Camp Night of Lights, Downtown Gunnison


1 - 2

Holiday Bazaar, Crested Butte Community School
Holiday Downtown Open Houses, Gunnison
First Friday Gallery Crawl & Music, Various Galleries & Locations, Gunnison
Citizens? Race ? 10 K Classic, Crested Butte Nordic Center
Light Up Night & Holiday Parade, Downtown Crested Butte 
Citizens? Race ? 10K Skate, Crested Butte Nordic Center
Christmas Eve Torchlight Parade & Fireworks, Crested Butte Mountain Resort
ArtWalk Evening, Studios & Galleries in Downtown Crested Butte
Moonlight Snowshoe Tour, Crested Butte Mountain Resort
ArtWalk Evening, Studios & Galleries in Downtown Crested Butte
New Year?s Eve Yurt Dinner Party, Crested Butte Nordic Center
New Year?s Eve Torchlight Parade & Fireworks, Crested Butte Mountain Resort

Please Visit My Favorite Art Gallery in Crested Butte

Oh Be Joyful Gallery

Shaun Horne - Red Buildings
Shaun Horne
Red Buildings

Shaun Horne - Aspens and Lupines
Shaun Horne
Aspens and Lupines

CoreyDwanSIR Twitter Page Corey Dwan's Crested Butte Real Estate Facebook Corey Dwan's LinkedIn Page Corey Dwan's YouTube Channel

Sign Up for my Newsletter

In This Issue

Opening Day - Free Skiing
Real Estate Market Update
Airline and Lodging Deals
Crested Butte Concierge Services
Exclusive Property of the Month
Crested Butte in the News
National Real Estate News
Nov/Dec Schedule of Events
Oh Be Joyful Gallery
Save on Ski and Snowboard Rentals

Featured Listings
Global Listings

Featured Homes

20 Snowfall Drive - Mt. Crested ButteA2 Snowfall Point Condos,
Mt. Crested Butte

Carbon Creek Parcel
$299,000 - Bring an offer!

4 Peakview Drive,
Mt. Crested Butte

Summit - Mt. Crested ButteLand on the Mountain,
Mt. Crested Butte
$188,700 to $495,000

309 Third Street,
Crested Butte
$899,000 - Dogwood Cocktail Cabin Building

72 Hunter Hill Road, Unit I102 - Mt. Crested ButteI102 San Moritz Condos,
Mt. Crested Butte
$200,000 - Ski In/Ski Out

142 Larkspur Loop - Crested Butte
142 Larkspur Loop

Gunnison Tire Business Gunnison Tire Business


Mountain Bike Trail Report
Snow Report
Ski Trail Report
Crested Butte Weather Report

The Collection | Exclusive Properties Represented by Benson Sotheby's International Realty

Adults save 25% and 
juniors 50% off ski and snowboard rentals with renting adults!
Click here to reserve now.