|
Happy New Year from snowy Crested Butte,
I want to thank you and everyone else that helped make 2008 another great year to be a part of such an amazing community of people in one heckuva mountain town! Crested Butte is still the Last, Great Colorado Ski Town and all of us that live or vacation in the Butte know it! And thank you for all of the positive feedback from this email newsletter. The CBRE Insider newsletter now reaches over 2000 subscribers worldwide and the readership is growing with every new edition.
Good Luck in 2009!
Channing Boucher
Crested Butte Real Estate Insider Year In Review - The Highlights
Crested Butte still doesn't have any parking meters or traffic lights! - Hooray!
The 2008-2009 ski season kicked off with 120+ inches of snow by Christmas!
In the face of the national economic turmoil and the credit crisis, Crested Butte Mountain Resort scored big with CNL Lifestyles. CNL – a Florida-based Real Estate Investment Trust (REIT) purchased CBMR in a $132 million deal that included the Mueller's other ski resorts in Vermont. The Muellers will continue to operate all three ski resorts under a "lease-back" agreement. The lease term is 40 years. CNL will help to capitalize Crested Butte Mountain Resort operations and its resort and real estate expansion. Learn more at my Blog
$50+ Million School Bond Passed (3A) – Capital improvements and many educational enhancements are about to begin at 6 of our community’s public schools including the top-rated Crested Butte Community School.
High profile publicity for Crested Butte came in the form of great PR and numerous articles in the NY Times, the Wall Street Journal and Outside Magazine and Sunset Magazine put Crested Butte in the Top 10 Best Places to live in the United States!
2008 real estate sales in Crested Butte were down from recent years but well over $100 million worth of homes, condos, vacant land and ranch parcels traded during the year. Approximately 45% of the deals were ‘all-cash’ transactions signaling continued demand from saavy investors and an on-going appeal for the real estate in our community. Days on market came in high but this is typical of our resort community. Inventories are still very high - in all categories - giving buyers an advantage, especially for vacant land and condos in Mt Crested Butte. The market area includes properties sold from Almont, Colorado north to Crested Butte and Mt Crested Butte. The figures below are from the Gunnison Country MLS system only.
|
2008 Crested Butte
Real Estate Sales
|
Total Sales Volume:
|
Average Sales Price:
|
Median Sales Price:
|
DOM
|
|
112
Residential Sales
|
$81,004,955
|
$723,259
|
$498,000
|
330
|
|
49
Vacant Land Sales
|
$23,815,000
|
$486,020
|
$320,000
|
387
|
|
11
Commercial Real Estate &
Business Sales
|
$8,499,500
|
$772,682
|
$280,500
|
244
|
|
Source = Gunnison Country MLS
|
*DOM = Days On Market
|
|
 |
418 Axtell Condos - 30 feet from Silver Queen - $695,000
Primo ski in - ski out location, 3 bedrooms, 2 baths, updated kitchen, wood burning rock fireplace and you can hit the Silver Queen high speed quad with a snowball from your huge apres-ski deck! You can't get any closer to the snow, lifts and ski action than this condo. A must see if you want a true ski in - ski out condo on the slopes of fabulous Mt. Crested Butte! |
|
|
209B Chateaux Condos - RARE 4 Bedroom - $445,000
This is an excellent opportunity to own a nicely updated 4 bedroom, 3 bathroom ski condo at the Chateaux Condominiums. Enjoy a big view of the ski mountain from this exceptional corner unit! Easy access to the remodeled clubhouse, pool and hot tub. Walk to the ski slopes or jump onto the convenient and free ski shuttle to the base area. |
|
|
426 Emmons - 30 Seconds to the Ski Slope - $480,000
This ski in ski out condo located in the heart of the base village at Mt. Crested Butte is ready to go for the big family this ski season. Recently remodeled kitchen, bonus loft with bunk beds and a big dining table with built-in bench seating make this condo a great value in today's market. Its just a 30 second stroll the ski lifts and snow! |
|
|
|
|
|
