Crested Butte Real Estate Insider - December 2007 - Business Opportunity in the Butte

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Crested Butte Real Estate Insider - News and Info for the Local Real Estate Market

Businesses For Sale in Crested Butte

December 2007 Edition

Happy Holidays from the Insider,
I made a mistake in my last edition of the Insider. My 2004 entry for sales volume was incorrect. So, to correct the oversight I went ahead and compiled 8 years of raw data for real estate sales activity for our local market. Chris Taylor of Stewart Title in Crested Butte and I took the Gunnison County Assessor's database apart and rebuilt the numbers for our local market. With all of the new development going on around here, developer-direct sales make up a big chunk of the activity and For Sale By Owner transactions also add something to the totals. The MLS doesn't reflect these sales so its important to go deep on the data. See the graph below. In the last four years we've sold over a billion dollars in real estate! For the complete 8-year detailed report please contact me directly.

Recently, I attended a local presentation from National Valuation Consultants Inc. (NVA). NVA does valuation and appraisal work on much of the Western ski and summer resort markets. Their client list includes CBMR and they were kind enough to cough up some of their expensive data to our broker community. NVA's representative stated bluntly in her presentation that Crested Butte has more potential for real estate growth than any other resort market they have researched.

This is a strong statement considering NVA's affinity for markets like Telluride, Aspen, Vail/Beaver Creek, Steamboat, North Lake Tahoe and Whistler. Go here to download the report (PDF).

Thanks for reading today!
Channing Boucher

8 Year Sales Totals for our Local Market
2000	$137,071,600
2001	$80,210,600
2002	$82,459,900
2003	$103,994,100
2004	$275,050,350
2005	$324,746,800
2006	$313,522,600
2007	$195,275,800*
*thru November 2007

5 Beckwith - Crested Butte Townhome on the Nordic Ski Trails
This 1998 home features 3 bedrooms, 2 bathrooms and a full 520 sft basement for the home office, storage, laundry or perhaps a second living area! The third floor master features a private bath and big skylights! The open floor plan of this south facing home makes this place perfect for Crested Butte "in-town" living.
$699,000 | View 360 Tour

LeBosquet Restaurant and Why Cook? Deli - Business Only
This opportunity is a rare find for the serious restaurateur or business person looking to capitalize on the fastest growing Colorado ski and summer resort market Crested Butte, Colorado. Imagine owning an award-winning restaurant and upscale bar in an intimate and contemporary mountain setting with a professionally designed kitchen. $399,000 | View 360 Tour

Izzy's Restaurant - New Listing - Business Only
High profile, high traffic restaurant business located in downtown Crested Butte for sale. Izzy's Restaurant is the perfect business opportunity for the aspiring ski resort business person. The sale includes a strong local brand, great installed base of year round local customers plus notoriety among the tourists.
$199,000 | All FF&E | View Investment Details | Download Flyer PDF

Crested Butte South .40 acre home site greatly reduced
This is an oversized lot on .40 acres with a good south-facing slope and easy access off of Neville Way. This lot is priced right and is perfect for you to build your mountain home! The 150 feet of the North side of lot borders National Forest land.
$105,000 | .40 acres on Neville Way | View Details