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Crested Butte Ranch Parcels in Demand
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September 2007 Edition
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Good day,
This month I focus on the Crested Butte market for 35+ acre ranch parcels. While the lower end of our market is a bit sluggish currently, buyers on the other end of the spectrum are demonstrating renewed demand for Crested Butte's larger ranch land parcels. We are seeing some of the biggest land transactions in the short history of our "real estate boom" occur up and down the valley.
After what seemed like a 1 year "time out" for Red Mountain Ranch sales, buyers are once again snapping up 35+ acre parcels at this exclusive mountain subdivision. Take a look at these recent Red Mountain Ranch land sales:
Lot 28 - $1,700,000, Lot 22 - $1,212,000, Lot 8 - $925,000 and Lot 17 sold at $725,000.
Earlier this summer Lot 5 at East River Ranches sold for $1,700,000 and two, 35-acre parcels up the Slate River valley each sold for $1,325,000! Perhaps the value proposition for these buyers was obvious when you consider that four of the sub, 1-acre parcels at Prospect fetched well over a million dollars each recently. WOW!
The year-to-date totals for all land sales in our local market: 48 transactions for a sales volume of just over $30 million. The average sales price was $630,000 and the average days on market for all land parcels was 338 days.
The bullish behavior in Crested Butte real estate shows no signs of letting up as we head into another ski season. By the way, opening day at Crested Butte Mountain Resort is November 17!
Thanks for reading today!
Channing Boucher
970-596-3228 | View Last Months Crested Butte Real Estate Insider
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42 Red Mountain Ranch - NEW LISTING This premier Crested Butte ranch land parcel on Red Mountain captures the panoramic vistas of the surrounding mountains and the Upper East River Valley. The elevated homesite is surrounded by hundreds of mature Aspens and Pine trees and features unobstructed views of the Paradise Divide, Gothic, Mt. Crested Butte, Teocalli and the rest of the Elk Mtn. range. $1,595,000 | 35+ Acres | View 360 Tour |
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32 Red Mountain Ranch |
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1 McCormick Ranch Fishing rights and private access to the Slate River, commanding, unobstructed views in all directions from the south-facing and elevated building site, easy National Forest trail access and horses are allowed - all of this on over 36 acres of prime Colorado land only 4 minutes to downtown Crested Butte! $2,500,000 | 35+ Acres | View 360 Tour |
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| Contact Broker Channing Boucher at 970-596-3228 or 866-349-9180 EagleBrooke Realty 319 Elk Ave. Crested Butte, CO 81224 CrestedButteBroker.com - all rights reserved - © 2006-2007 |
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