| Luxury Fractionals in Crested Butte |
February 2007 Edition
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Fractional real estate has arrived in Crested Butte. Versus time-share real estate, fractionals give the buyer deeded interest, guaranteed usage and an appreciating asset. Since Crested Butte is a true year-round, destination resort community, exploring a 1/4th or 1/7th interest in a luxury home is a good idea. Guaranteed usage of a great property at 1 or 2 week intervals makes sense, especially if you want to spend more time vacationing and less time taking care of your second home in the mountains. Visit my blog to learn a little more about the advantages of buying fractional real estate in ski resorts.
The Crested Butte real estate market has started 2007 off with just over $7 million in transactions. From Almont to Mt. Crested Butte, 9 residential (4 condos and 5 single family homes) sold at an average price of $596,000 and 4 land deals (2 at Buckhorn Ranch, 1 at Skyland Back Nine) sold at an average price of $325,000.
By comparison, one-year ago, 11 residential and 13 land properties representing almost $15 million in transactions were closed during the month of January.
Active residential listings for our local market total 441 listings and $364 million in volume with an average asking price of $845,000 and a median asking price of $598,000.
Active vacant land listings sit at 300 listings and $247 million in volume with an average asking price of $824,000 and a $595,000 median asking price.
Thanks for reading today!
Channing Boucher
EagleBrooke Realty | 970-596-3228
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21 & 21.5 Sopris Avenue This is a tremendous opportunity to get into Crested Butte real estate now. This newer, in-town property is now available for fractional ownership. $450,750 | View 360 Tour |
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28 Gothic Avenue In town, west-side beauty. Viking and Bosch appliances and Pogoloff cabinets. 4 bedrooms with big bonus loft. $1,595,000 | View 360 Tour |
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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 $ 249,000 | Lot 7 $ 300,000 |
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| Contact Broker Channing Boucher at 970-596-3228 EagleBrooke Realty 319 Elk Ave. Somrak Plaza Bldg. Crested Butte, CO 81224 ChanningBoucher.com - all rights reserved - © 2006 |
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