Welcome to my October edition of the Crested Butte Collection.
Fall in Crested Butte is one of my favorite times of the year. The aspen leaves are stunning and seem to get more vibrant with each day in October prior to making their exit for the winter. We have seen an increase in visitors this fall taking in the breathtaking beauty and colors of the region and enjoying fun events such as the Chili & Beer Festival and Vinotok, not to mention the outdoor activities.
Real Estate Market Overview
The Crested Butte real estate market is really exhilarating, with properties in some areas reaching '06/07 values. It is all about supply and demand: Crested Butte property is hot, and low inventory means at times I am seeing properties go under contract with multiple offers as soon as they hit the market. So if you’re looking to preview and purchase a property that interests you, contact me as soon as possible. You can search all Crested Butte inventory by clicking here.
Currently there are 21 single family homes on the market in the town of Crested Butte, one more than in September. There are currently 31 active homes on Mt. Crested Butte, down from 33 previously. Mt. Crested Butte has 72 active condos which is down slightly from September as buyers have been taking advantage of the late summer and fall sales season. The least expensive home in the upper valley is a Crested Butte South home listed at $530,000. Crested Butte South currently has only 7 single family homes on the market.
This September 41 single family homes and condos sold representing a total of $31,688,598 in sales volume. In comparison September of 2016 brought 34 sales, representing just $17,308,350 in volume. This is a staggering 83% YOY increase in sales volume, and a reflection of the exciting real estate market that Crested Butte presents.
Year to date 234 single family homes and condos have sold with a total volume of $154,247,873. For the same period last year there were 211 sales representing $110,326,903 in sales volume. A 40% increase in sales volume is definitely something to get enthusiastic about. As we head into October, we currently have 58 homes and condos under contract, representing a listing amount of $45,365,700.
We saw a significant jump in land sales last month as well. A total of 13 parcels sold in September for a total volume of $3,835,900. Land sales year to date totaled 82 transactions with $18,985,699 of volume. Total sales for the same period last year was only $13,339,399. That is a 42% YOY gain. Currently, another 23 parcels are under contract, up from 20 in September, with a total listing volume of $9,747,400.
Thinking of Selling Your Crested Butte Property? Call Me
So far this year I have sold 25 of my own listings of which 11, I assisted both buyer and seller. I’ve proven to sell Crested Butte real estate faster, and for a higher price:
This spectacular, riverfront Danni Ranch home is a rare combination of national forest access, equestrian facilities and a luxurious custom-built log home with guest cabin. Nestled on over 35 acres on the banks of the East River, this scenic retreat offers privacy and serenity, yet is only 12 minutes from the historic town of Crested Butte. Exceptional design, meticulous craftsmanship, custom stonework, warm wood features, cathedral ceilings, exposed beams and a high end furniture package provide a lavish, yet comfortable space for relaxing or entertaining.
Click below to take the video tour:
Get in touch now to schedule a showing of this one of a kind property.
The Evolution Bike Park wrapped up their summer season on October 1st as the mountain turns their attention to getting ready for snow making. Town activities have slowed down a bit as everyone gets ready for ski season however there is still plenty of time to get out and bike or hike this fall.
Though things tend to wind down during the "Off-Season" the Valley's October calendar is full of fun fall activities such as wine making, silversmithing, historic walking tours and more. If you plan on hitting the trails in October, be sure to click here for a real time weather report and be prepared before you head out. After a day on the trails, visit one of Crested Butte's wonderful restaurants and bars to satisfy your appetite with their fall menus and beer selections. If you haven't visited the Sherpa Café recently, you've got to stop in and try their Thukpa Soup; perfect for these chilly fall days. Dreaming about a new pair of skis for this winter's ski season? Check out ROMP Handcrafted Custom Skis located right here in Crested Butte. ROMP uses the latest technologies and materials to create a custom ski designed to perform the way you need it.