The Crested Butte Real Estate Insider - June 2008

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The Crested Butte Real Estate Insider - News and Real Estate Info For Our Community

Mid Year Market Recap

June 2008 Edition

Good day from Crested Butte! Summer is in full swing here in the Butte. Brokers around the market report good shopping activity and properties are selling as we head into the heart of the "summer season". Its no wonder activity has picked up. Significant price adjustments have occurred across some categories and good deals can be found up and down the valley, particularly for small land parcels. Last month I reported that some land developers were dropping prices and that trend has continued at the Larkspur subdivision. The developer there just released a 2 for 1 special. 2 parcels are already under contract. This is the hottest deal for vacant land in the market right now. And, if you are looking for a deal on a ski condo, why not buy one in the summertime? Be sure to check out WestWall Lodge. The developers at WestWall are offering up their remaining inventory of ski in-ski out condos at deep discounts. Also consider Crested Butte's newest luxury ski condo offering: *The Black Diamond Lodge. This complex is nearing completion of eight, high-end, 2 bed/2 bath luxury condos. Prices there start at $799,000. Visit their web site: Black Diamond Lodge. In related news, Crested Butte Mountain Resort continues its aggressive marketing campaign. They recently secured some very convenient direct ski jet service to Gunnison for the upcoming 2008-2009 ski season. Read about this in my blog. Year-to-Date Market Recap for Crested Butte Area Real Estate* (Crested Butte South, Crested Butte and Mt. Crested Butte including rural areas) 44 residential sales (single family, condo, townhomes) $35,000,000 in volume, average price: $803,000, median price: $535,000 18 vacant land sales (all categories) $10,794,500 in volume, average price: $599,000, median price: $420,000 5 commercial sales (all categories) $4,800,000 in volume, average price: $944,000, median price: $189,000 *Channing Boucher*
	NEW LISTING - 39 Whetstone Road - Rocky Mountain Masterpiece The opportunity of a lifetime. This beautiful high mountain retreat offers it all. Enjoy this distinctive property as a very special Crested Butte family ski home, a corporate destination or in its current form: The Crested Butte Retreat. 11,500 sft, 4 master suites, 10 guest rooms, gym, Finnish saunas, spacious living, dining and entertainment areas, private decks and hot tubs, 1200 sft. garage. $7,995,000	View 360 Tour
	NEW LISTING - Beardance at Trappers Crossing Beardance is a 4384 sft. architect-designed log home located atop a pristine mountainside parcel at Trappers Crossing at Wildcat. Located only 10 minutes to downtown Crested Butte yet it lives like you are in the middle of your own private wilderness! 35.10 acres. Stunning mountain views. $1,950,000	View 360 Tour
	OPEN HOUSE - 28 Gothic Ave. - JULY 1, 2008 at 12 PM to 2 PM This Craftsman-style home was built in 1977. Recently, a very extensive renovation to the entire home occurred delivering this property to a luxurious standard. The home features spacious living and dining areas, distressed wide-plank pine floors, big south-facing decks and a landscaped backyard and additional access via the private alley. $2,095,000	View 360 Tour

Contact Broker Channing Boucher at 970-596-3228
Century 21 Benson-Rous Inc. 433 Sixth Street Crested Butte, CO 81224
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