Crested Butte Real Estate Guide

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2007 Crested Butte Real Estate Market Update

 

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 visiting today!

Channing Boucher
970-596-3228

CrestedButteBroker.com


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