August, 2012 Issue   

The Crested Butte Connoisseur
Brought to you by Corey Dwan of Benson Sotheby's International Realty

Hi Everyone,

One of the busiest summers in recent years is coming to a close as the onset of fall approaches. The warm 80 degree days have given way to cooler temperatures here in Crested Butte, Colorado. For the last week or so the skies have been cloudy with smoke from the fires out west but are beginning to clear as if to welcome one of the world's largest bike races into town. To help welcome the US Pro Cycling Challenge Crested Butte (downtown on Elk Avenue) is holding the "Last Sprint Block Party" tonight starting at 6:00 p.m. and ending whenever the last straggler makes it home. Festivities will include great deals at participating restaurants (look for red, white and blue balloons), "Light my Bike" evening townie ride, New Belgium and Avery Beer Garden, live music, "KBUT Radio Late Night" and street games. So get in your car now and join the Crested Butte festivities!

Stage Two and Three of The US Pro Cycling Challenge begin tomorrow! Make sure you come, even for a day or two, to experience the most exciting cycling race in the world. Stage 2 of the Pro Cycling Challenge starts in Montrose at 11:25 a.m. and then proceeds 99.2 miles with an elevation gain of 8,049' to finish at the base of Mt. Crested Butte. Stage Three begins at 10:10 a.m. Wednesday morning in Gunnison and travels 130.5 miles to Aspen with an elevation gain of 9,623'. Even if you're not a road cyclist this is an event not to miss. For more information on this leg of the race click here. Traffic into and out of the valley will be disturbed briefly, click here for road closure information.

Crested Butte Bear Warning

I am sure some of you have heard that the bears are out in full force in the valley at the moment as they prepare for their upcoming hibernation. Please be advised when visiting our valley to lock all first floor windows and doors and any second floor windows and doors if accessible by a deck or a tree. If a window or door is left open only an inch the bears can and will get in. So far the only damage has been to property, luckily no one has been hurt so please take caution.

Crested Butte Market Update

Regarding home and condo sales in the upper valley we have closed 125 transactions so far this year totaling $52,622,013. Another 41 properties are under contract totaling $19,431,199 so we are approaching last year's sales totals even with it being an election year which are historically slower. Land sales remain slightly higher than last year with 35 transactions closed since January 1, 2012 worth $6,425,500. With eight more totaling $3,072,700 under contract we are on par to surpass last year's sales number. More construction on the horizon?
For those of you that receive my weekly foreclosure, short sale and bank owned Distressed Property Email you already know that an astounding 43% of the single family homes and condos are now under contract. This further diminishing of the distressed inventory in the upper valley has put enormous pressure on active buyers and has created multiple bidding war situations on the best price product.

Crested Butte Mountain Resort Master Plan

Last Wednesday CBMR representatives were available to discuss the 2012 Master Development Plan's (MDP) five-year vision and to hear everyone's thoughts and comments before submitting the MDP to the US Forest Service. 

Maps and plans that were available for viewing, included;
Upgrades to existing lifts and facilities.
Expanded summer and winter trails and alternative activities, including 12 new biking trails.
450 acre terrain expansion into the Teo Drainage area, including 2 new lifts and replacement of the existing North Face lift.
Alternative low-impact summer and winter activities on Snodgrass Mountain.

New Stats for Crested Butte Mountain Resort are as follows:

Skiable Acres - 1,547 acres (626 hectares)
Developed Terrain - 638 acres
Gladed Terrain - 367acres
Extreme LimitsTerrain - 542 acres

Trails -121 Total Trail
26% beginner
58% intermediate
16% advanced

*Percentages are determined using developed terrain only.

Snow Making Terrain
297 acres (120 hectares) serviced by 14 of 16 lifts

Click here to download the MDP map and here for the Crested Butte News article. I will provide more information as it becomes available.
For this information and vital Gunnison County and Crested Butte news as it happens make sure to subscribe to The Crested Butte Connoisseur Blog by visiting it here.

Energy Smart Program for Locals and Second Homeowners

Please click here to download a letter from Tyler Sweeney, local home energy efficiency expert.  Through the Office for Resource Efficiency (ORE) and the federally-funded Energy Smart Program, Tyler is offering FREE energy audits and FREE energy improvement upgrades to local homeowners. Learn ways to make your home more comfortable and energy efficient.

Crested Butte in the News
On The Road - Crested Butte Getaway
Getaway Guide - One Tank Trip to Crested Butte
A Family Weekend in Crested Butte
Crested Butte - Thanks for a Great Weekend!
Luxury Travel Australia - Crested Butte, Colorado

Current News of the National Real Estate Market

The Wealthy are Back and Ready to Buy Real Estate
Second Quarter Metro Area Home Prices Rise
Mortgage Rate Rise - Ending Record Streak
Housing Market Showing Signs of Life

2012 Community Calendar

In This Issue:

US Pro Cycling Challenge
Bear Warning
Real Estate Market Recap
CBMR Master Plan
Energy Smart Program
  Crested Butte in the News
National Real Estate News
Oh Be Joyful Gallery
More Price Reductions
Land Offerings
Aug/Sept Schedule of Events

Featured Listings
Global Listings

1 Sage Hill Spur Road, Almont
$875,000 - Price Reduced

Carbon Creek Parcel

329 Maroon Avenue, Crested Butte
$1,195,000 - Price Reduced

49 Cinnamon Mtn. Road, Mt. Crested Butte

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

504 Mtn. Edge Condos, Mt. Crested Butte
- Price Reduced


Mt. Crested Butte Homes
Mt. Crested Butte Condos
Mt. Crested Butte Land
Crested Butte Homes
Crested Butte Condos
Crested Butte Land
Rural Crested Butte Homes
Rural Crested Butte Condos
Rural Crested Butte Land
Crested Butte South Homes
Crested Butte South Condos
Crested Butte South Land
Gunnison Area Homes
Gunnison Area Condos
Gunnison Area Land
Global Real Estate

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

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Click Here for more information.

Need a remodel to your existing second home or investment property? Thinking of building on that land of yours?
Visit Somrak Concept + Structure and talk with Ben Somrak my number one pick in the valley.

Tell them both I sent you!

    Gunnison Tire Company, Gunnison
           $699,000 - Price Reduced!

J202 San Moritz, Mt. Crested Butte
$275,000 - Ski In/Ski Out!

Mt. Crested Butte Lots
New Listings!

July 4 - Aug.12            Crested Butte Music Festival, Crested Butte & Mt. Crested Butte
July 30 - Aug.3            Citizen Scientist Symposium "The Biology of A Changing World" Rocky Mountain
Biological Laboratory, Gothic
1, 8, 15, 22           Wednesdays at Western State College, Different Activities/Topics Each Week, Gunnison
1,8,15,22,29           Live! From Mt. Crested Butte (Free Outdoor Concerts), Crested Butte Mtn. Resort
2, 9                       Exploration Experiences at Rocky Mountain Biological Laboratory (interactive science
programs & lunch), Gothic
2,9,16,23,30           Crested Butte Farmers Market, Crank's Plaza, Maroon Avenue & Second Street
3                       First Friday Gallery Crawl & Music, Various Galleries & Locations, Gunnison
3,4,10,11,17,18,           Gunnison Valley Observatory Open for Public Viewing, Gunnison
3,10,17                       Fridays @ 5at the Gunnison Art Center, Live Music on the Courtyard
4 - 5                       Crested Butte Arts Festival, Crested Butte
4,11,18,25           Gunnison Farmers Market, Virginia Avenue & Main Street
5,12,19                       Sundays @ 6(Free Concerts) Presented by Gunnison Arts Center, Legion Park
5,12,19,26           Crested Butte Farmers Market, Elk Avenue & Second Street
5,12,19,26           AWE Fest Presented by Artists of the West Elks, Elk Avenue, Crested Butte
5 - 6                       Crested Butte Open & Gala Benefiting the Adaptive Sports Center, Crested Butte
6, 13                       Alpenglow (free outdoor concert), Crested Butte Center for the Arts
10 - 12                       Gypsy Jazzin Paradise Presented by Crested Music Festival & Django Fest,
Mt. Crested Butte
16                       Historic Preservation Dinner at Rocky Mountain Biological Laboratory, Gothic
16 - 18                       Carvin' Up Colorado (Carving Competition), Legion Park, Gunnison
17 - 19                       Gunnison Car Show, Gunnison & Crested Butte
18                       High Octane Arts & Crafts Festival, Legion Park, Gunnison
18 - 19                       24 Hours inthe Sage (Bike Race), Hartman Rocks, Gunnison
30                       Art Walk Evening, Studios & Galleries in Downtown Crested Butte
31- Sept. 3           Crested Butte Sidewalk Sales, Downtown Crested Butte
Aug. 31- Sept.3            Crested Butte Sidewalk Sales, Downtown Crested Butte
1 - 30                       September Splendor in the Rockies, Valley wide
1 - 2                       The People's Fair (Arts, Crafts & More), Elk Avenue, Crested Butte
3            Adventure Park, Evolution Bike Park, Zip Lines & Chairlift Close for Season (may be open on remaining September weekends), Crested Butte Mountain Resort
1,8,15,22,29           Gunnison Farmers Market, Virginia Avenue & Main Street
2,9,16,23,30           Crested Butte Farmers Market, Elk Avenue & Second Street
7                       First Friday Gallery Crawl & Music, Various Galleries & Locations, Gunnison
7, 8, 14, 15           Gunnison Valley Observatory Open for Public Viewing, Gunnison
8                       Fall Festival of Beers; Chili Cook-Off, Mt. Crested Butte
8 - 9                       36th Annual Pearl Pass Mountain Bike Tour, Crested Butte
9 - 10                       Wooden Nickel Fall Golf Classic, Club at Crested Butte
16 - 22                       Vinotok Fall Harvest Festival, Crested Butte
27                       Art Walk Evening, Studios & Galleries in Downtown Crested Butte
27 - 30                       Crested Butte Film Festival, Crested Butte & Gunnison

Please Visit My Favorite Gallery in Crested Butte - Oh Be Joyful Gallery

Shaun Horne - Red Buildings

Shaun Horne - Aspens and Lupines

Shaun Horne - Tamale View

Thanks for all your referrals!
I succeed when people like you refer me to their family, friends, neighbors and colleagues. It's the best kind of feedback I can receive. So thanks for continuing to pass along this newsletter to all.


Corey Dwan
Benson Sotheby's International Realty
433 Sixth Street
Crested Butte, CO 81224
970-596-3219 Cell
970-797-1810 Fax

Thanks for reading! If you'd like to tell me what you think about this newsletter, or if you're thinking of buying or selling real estate, please do get in touch.