October 2018 Newsletter

Crested Butte Collection Newsletter – October Edition

The purchase of Crested Butte Mountain Resort by Vail Resorts was finalized on September 27th. While this will no doubt bring changes to the area, and the future is unknown, we really enjoyed Crested Butte News editor Mark Reaman’s recent reflections on Crested Butte Then and Now. 

As we know, change is the only constant, but we are optimistic that what makes Crested Butte special will continue in this unique valley we call home. 

If you’re looking to preview and purchase a property that interests you, please contact us anytime. You can search all Crested Butte inventory by clicking here. 

Current Market Conditions

As the leaves of September start to fade and the cooler weather has us taking bets on our first snowfall, we are seeing an uptick in luxury home sales with 17 single family homes over $1 million currently under contract, 6 higher than last month. Condos and properties under a million remain in high demand and continue to go under contract quickly.

There are currently 20 single family homes on the market in the town of Crested Butte, up just one from September. Mt. Crested Butte has 21 active homes, one less than last month. Mt. Crested Butte condo inventory continues to dwindle, down to just 39 active condos and town homes on the market. Rural Crested Butte inventory has not changed much from September with 10 condos and town homes and 55 single family homes on the market. Crested Butte South has been a high demand area this summer and inventory is extremely low with only 6 single family homes, six less than September and only 8 condos/town homes.

We experienced 25 single family home and condo sales in the upper valley in September totaling $16,758,490. Sales ranged from an Grand Lodge condo selling for $149,900 to a beautiful Crested Butte home overlooking Nicholson Lake selling for $2,200,000.

Land sales remain strong with 19 sales in September totaling $4,688,000, two of which were 35+ acres. 

Click here for more details in our market snapshot blog. 

Town Tidbits

As far back as we can remember, the annual ski film was one of the most highly anticipated events of Fall. In Crested Butte we’ll kick off the tradition on October 5th with long-time local filmmakers, Matchstick Productions, hosting the North American premier of All In. Join local film makers and skiers in what is sure to have you dreaming of skiing.

With ski season just around the corner, the last day for the best pricing on a Crested Butte Mountain Resort (CBMR) Season Passes for the 2018/19 season is October 8th. 

You also have one more weekend to enjoy the CBMR Evolution Bike Park, which closes Sunday October 7th.

Click here for more October events. 

In the News 

It’s official, Vail Resorts has closed its acquisition of Okemo Mountain Resort, Mount Sunapee Resort and Crested Butte Mountain Resort. The news was announced on Thursday, September 27th. Read more here.

New Winter Gate to Be Added to Restrict Motorized Access to Gothic
Epic Pass Deadline Extended Until October For Best Rates
Crested Butte Nordic Center is Ramping Up For a Great Season
CB Vacation Rental Tax Hasn’t Pushed Tourists Out of Town
CBMR Announces Donation Day & Choice Pass Programs
New Center For The Arts Taking Shape
Western Gets a New Name, a New Program, And a Really Large Donation
CB South Vote on Height Issue Due in October
Water Issues Impacting Local Region

For more community news visit our Community Blog.

Exclusive Offerings

6475 County Road 740
Crested Butte
5 bed | 2.5 bath | 4,323 sq ft
35.90 acres | $1,995,000

San Moritz Unit I-303
Mt. Crested Butte
4 bed | 3 bath | 1,843 sq ft
Condo | $565,000

Thanks for reading today! Please feel free to forward along to anyone you might think interested.

Corey Dwan – Realtor
Crested Butte Collection
211 Elk Avenue | PO Box 1788
Crested Butte, CO 81224
970-596-3219 mobile
coreydwan@crestedbuttecollection.com
crestedbuttecollection.com