| Crested Butte Market Update - Spring Fever |
March 2007 Edition
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The first 8 weeks of 2007 have been strong for the Crested Butte real estate market. Just over $20 million in residential, land and commercial sales have closed from Almont to Mt. Crested Butte.
We are seeing renewed demand for lower priced single family homes and vacant land from Crested Butte South to Mt. Crested Butte. Currently, there are 13 vacant land properties under contract representing just over $17.7 million and 22 residential properties (condos and single family) are under contract representing just over $22 million. With closings set to begin in April for Mountaineer Square, we'll see a serious spike in Mt. Crested Butte sales volume.
The bottom line for 2007? People are bullish on Crested Butte and continue to invest in our real estate. My prediction for the year? The market at this end of the valley will crack $250 million. Remember when our 2004 local market was only $17 million? Compared to the luxury billion dollar plus real estate markets in Vail, Telluride, Aspen and Steamboat, Crested Butte's recent growth spike is a small blip on the radar. Heck, maybe we are still "The Last Great Colorado Ski Town"!
Crested Butte grabbed recent national attention in big time publications.
The Wall Street Journal ran a piece on the Crested Butte Academy on their front page: Read the article >
The USA Today covered the Mueller's planned North Village ski resort expansion onto Snodgrass Mountain. Snodgrass has been controversial over the years (to say the least), creating tensions between the Town of Crested Butte and Mt. Crested Butte. Post your comments on my blog. Read the article >
Thanks for reading today!
Channing Boucher
EagleBrooke Realty | 970-596-3228 | 866-349-9180
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178 Garland Drive Lake Grant High mountain luxury on Lake Grant at Skyland. 3754 total sft. with a 1000+ sft. finished basement. The views are unparalled. A must see. $1,495,000 | View 360 Tour |
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Single Family Town Lot 1 & 2, Block 18 Tremendous home site opportunity in Crested Butte. Located in the quiet, west-end of historic Crested Butte on 1st and Gothic Ave. $795,000 |
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Meridian Lake Meadows Lot 39
This 1.2 acre south-facing single family lot at the top of Meridian Lake Meadows features over 500 mature Aspen trees, great southern exposure and HUGE views of Whetstone and Mt. Crested Butte. $575,000 |
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Crested Butte In Town Condo The ultimate in-town ski pad priced BELOW others on market. The Ski Area Shuttle picks you up and drops you off 75 feet away. Recent $45,000 upgrade to unit $425,000 | 2 bed/2 bath | View 360 Tour |
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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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