Channing Boucher's Crested Butte Real Estate Guide - Crested Butte Real Estate Insider

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Featured Real Estate Listings & Market Data for
Crested Butte and Gunnison Colorado

September 2006 Edition

Labor Day has come and gone and it's time to reflect on the real estate market in Crested Butte and the rest of Gunnison County. The year to date numbers (January 1 to September 3) reveal a real estate market that has undergone some price corrections in the face of stiffer competition. The main issue currently is the high number of active listings - 980+ active residential, land and commercial listings. This equates to over $ 630 million in property for sale at an average price tag of $643,000! WOW!

However, the market is strong and represents solid investment opportunities from residential to vacant land to commercial properties. Not unlike the stock market, our recent correction will spur additional investment and value gains on real estate. Our volume is pushing $200 million which means investors are maintaining their interest in Crested Butte and Gunnison as a place to put investment dollars.
It is true that so far in 2006 the market is slower than last year at this time. Lets face it, 2005 was absolutely red hot in terms of volume and sales price averages - a tough act to follow in any real estate market. Here are the numbers for Jan. 1 to Sept. 3 sales activity. (Figures are for the entire Gunnison County)
Residential Sales: 292 properties sold representing $125,390,000 in volume.
Vacant Land Sales: 180 properties representing $59,635,335 in volume
Commercial Sales: 19 properties representing $6,210,000 in volume.

A total of 491 transactions closed during this period representing $191,229,371 in sales. The average property sales price across the board was $389,469.

Thanks for reading today!

Channing Boucher
EagleBrooke Realty | 866-349-9180 | 970-596-3228

Learn More At My Blog | Order a 360 Virtual Tour for Your Listings

	28 Gothic Ave. - $100K - Price Reduction Incredible Value. Price reduced $100,000! In town, west-side beauty. Viking and Bosch appliances and Pogoloff cabinets. 4 bedrooms with big bonus loft. ~~$ 1,695,000~~ \| $1,595,000 \| 360 Virtual Tour
	Crested Butte South Land - $10K Reduction Great .40 acre south facing lot with unparalled views. On the back fence line at the top of Crested Butte South. Lot 14, 131 Neville Way. ~~$ 190,000~~ Now $ 180,000
	525 Red Lady Ave. - Le Bosquet, Why Cook? Highly successful local business in prime Majestic Plaza town location. Price includes two businesses plus real estate. 3532 sft. plus 700 sft. outdoor patio $ 1,595,000 \| 360 Virtual Tour
	5 Glacier Lily Way Contemporary home at the top of the prestigious Glacier Lily estates. Huge 360 views. 3761 sft. on a big 1.48 acre lot $ 1,950,000
	Cebolla Hot Springs Ranch Two parcels for sale. Both are 35 acres and include shared-ownership of the 690 acre historic guest ranch. Fishing rights, water rights, deeded hot springs flow! - 105 degrees. Lot 2 $ 275,000 \| Lot 7 $ 300,000
	607 2nd Street Nordic ski in - ski out of your place in town. This home is located on the Crested Butte Nordic Center trail system. $ 599,000 \| 360 Virtual Tour
	S108 - Skyland Country Club - 10th Hole Prime . 47 acre lot right on the course. Golf course and big mountain views, south-facing and elevated. Doesn't get better for the price in the Back Nine neighborhood. $ 550,000
	L39 Meridian Lake Meadows 1.2 acre south facing lot with 500 mature Aspen trees. Gradual, south-facing lot with views of Mt. Crested Butte and Whetstone Mtn. $ 575,000