Newsletter

January 2018


   

Happy New Year!  

Welcome to my January edition of the Crested Butte Collection.

Hope everyone had a wonderful holiday season and will have the opportunity to enjoy the winter festivities here in Crested Butte. Hats off to the snow makers at Crested Butte Mountain Resort who did a fantastic job getting most of the ski area terrain open for our holiday visitors in one of the driest years in history. Their efforts were rewarded with over 18" of the light fluffy stuff right before Christmas. With it snowing now and more on the horizon it appears winter has arrived at last.

Real Estate Market Overview

The Crested Butte real estate market experienced robust growth in 2017. Overall average price, numbers of properties sold, and sales volume all increased between 18% and 41%. Each of these metrics was the most we have seen in the Crested Butte area in the past ten years.

The single-family home segment saw sales volume growth in almost all areas with rural Crested Butte, Crested Butte South, and rural Gunnison and Almont homes having 40% plus rates of growth. The condo and townhome segment also saw high rates of sales volume growth in Mt. Crested Butte and the surrounding areas with growth rates above 33%. The land segment saw extremely high rates of sales volume growth in both Mt. Crested Butte and rural Crested Butte. Mt. Crested Butte land sales volume was $2.9 million in 2016 and $7.4 million in 2017. rural Crested Butte land sales volume was $7.6 million in 2016 and $18.2 million in 2017.

There are currently 51 properties under contract in the Upper Valley with a listing value of $29.6 million.

We are expecting an active real estate market in 2018, with average prices expected to rise throughout all market segments. With over half the available properties currently on the market being vacant land, we expect an dramatic upward trend in that sector.

Click Here for our full year end market report.

Thinking of Selling Your Crested Butte Property? 

I am happy to report I am a top agent for the sixth year in a row, 4th in sales volume with $28,495,751 sold and 2nd for amount of transactions with 66 completed in 2017. I have the local experience to represent you with the highest degree of professionalism whether a buyer or seller. Call Me Anytime

Current Market Conditions

There are 19 single family homes on the market in the town of Crested Butte and 28 active homes on Mt. Crested Butte. Mt. Crested Butte has 75 active condos and town homes on the market. Rural Crested Butte has 9 town homes, no condos and 42 single family homes on the market. Crested Butte South has only 6 single family homes and 6 condos/town homes currently listed.

We experienced 16 single family home and condo sales in the upper valley for December. Sales ranged from a Grand Lodge Condo selling for $72,500 to a beautiful 4 bedroom, 5 and half bath, Mt. Crested Butte Town Home in The Villas selling for $1,090,000. 

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.

Exclusive Feature Property

3 Lapis Lane, Mt. Crested Butte

Recently remodeled with log beam accents, solid wood floors and magnificent
stone fireplaces this home appeals to those who wish to have an exemplary mountain getaway. Some conveniences include a roof melt system, hot water circulating system, a short walk to the Gold Link ski lift, short bus ride to the base area, ski in capability and immediate access to the national forest. This home is truly convenient for large families and anyone who wishes to get the most out of their mountain lifestyle.

Get in touch now to schedule a showing of this one of a kind ranch. 

Town Tidbits

The New Year is here and the January calendar is full of music and fun winter activities going on around town. Take in the Mountain High Music Festival for your chance to see some of the most popular musicians of our time, including Toby Keith, Dean Dillon, Kellie Pickler, Tracy Byrd, Sundance Head and more. 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, snowshoeing or just walking about town, refuel at one of Crested Butte's wonderful restaurants and bars to satisfy your appetite with a hearty meal and satisfying beverage. I highly recommend Marchitelli's Gourmet Noodle a family owned and operated Italian restaurant serving some of the best comfort food in town! Enjoy a glass of wine while dining on authentic Italian food from recipes that were handed down from the owner's grandmother. 

Local January Events

Mountain High Music Festival ~ Jan 10-13
Lake City Group Ice Climbing ~ Jan 13
Historic Walking Tour ~ Jan 13
Watercolor & Wine ~ Jan 17
Elan Women's Weekend ~ Jan 19-21
Victor Wooten Trio ~ Jan 20
Cocktails & Canvases ~ Jan 23
Fat Bike World Championships ~ Jan 24-28
Movie Night At The Museum - Jan 26
The Drunken Hearts ~ Jan 27
Crested Butte Backcountry Group Ski/Ride ~ Jan 28
Full Moon At Ten Peaks ~ Jan 31

Click here for additional local events.

In the News 

Our beloved Trailhead Children’s Museum is in the middle of a very challenging transition to find a new facility to make way for the new Adaptive Sports Center building. They need a facility to rent by the end of the ski season, ideally a commercial space of more than 1,000 square feet in Crested Butte or Mt. Crested Butte, where they can showcase their exhibits and activities for the kids to enjoy. Perhaps you know of a space? For more information, please visit the Trailhead Children's Museum.

For more community news visit my Community Blog.

 

Click Here for the Crested Butte Sotheby's International Realty
'17/'18 Winter Collection

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.

 
 
193 Larkspur Lane
Crested Butte, Colorado 81224
5 Bed | 6 Bath | 6,976 SqFt | $3,995,000
59 Cinnamon Mountain Road
Mt. Crested Butte, Colorado 81225
4 Bed | 4 Bath | 4,822 SqFt | $1,795,000
450 Oversteeg Gulch Road
Crested Butte, Colorado 81224
3 Bed | 2 Bath | 1,497 SqFt | $1,475,000
10 Aspen Lane
Mt. Crested Butte, Colorado 81225
6 Bed | 5.5 Bath | 5,166 SqFt | $1,295,000
620 Gothic Road, Unit 418
Mt. Crested Butte, Colorado 81225
3 Bed | 4 Bath | 1,935 SqFt | $850,000
72 Hunter Hill Road #I304
Mt. Crested Butte, Colorado 81225
4 Bed | 3 Bath | 1,833 SqFt | $630,000
Click here to view the published version the January 2018 newsletter.