2011: A Good Year for Crested Butte Colorado

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Happy Holidays,

This holiday season, folks in Crested Butte have additional reasons to celebrate! 2011 will be remembered as the year real estate investment and tourism came back to life in Crested Butte. Year to date, 199 properties have sold in the Upper East River Valley. We are on track to break $100 million in sales from Crested Butte South to Mt. Crested Butte. This is a threshold we haven’t reached in over 3 years.

The Town of Crested Butte reports an overall 7.5% increase in sales, lodging and restaurant tax revenues, reaching the best revenue totals we’ve seen since 2008! View 2011 sales tax breakdown (PDF). Up in Mt. Crested Butte the news is just as good. This past July, the town of Mt. Crested Butte collected $136K in revenues on more than $2.7 million in taxable sales, which is the biggest collection for the month of July in the history of Mt. Crested Butte and 34 percent above an 11-year average. View recent Crested Butte News article.

Here is a breakdown of 2011 real estate sales action by location:Town of Crested Butte:
22 homes and condos sold, median sales price: $546,000
Most expensive: $2,875,000 single family home, least expensive: $82,000 condo

Town of Mt. Crested Butte:
102 homes and condo sold, median sales price: $364,000
Most expensive: $2,600,000 single family home, least expensive: $40,500 condo

Rural Crested Butte:
38 homes and condos sold, median sales price: $650,000
Most expensive: $3,125,000 single family home, least expensive: $72,000 condo

Crested Butte In The Media
The popular media continues it’s love affair with Crested Butte. Many articles have been published about our little town in recent weeks and it sure is fun to read what other people think about us.

The Chicago Tribune published an article that began with the following: “If long lift lines, copycat resort villages and spiking prices have muted the joy of your recent ski trips, the ski doctor prescribes a few days in Crested Butte to refresh your senses.” View ArticleMSN.com published a piece titled the The West’s Top 10 Dream Towns. Crested Butte ranked 3rd. View Article.

SkiMag.com writes:“Crested Butte rubs off on you. The same way you pick up a drawl after spending time with Southerners, you can’t help but take on a CB affect, with endless gratitude and perhaps a dash of smug satisfaction for having been lucky and/or smart enough to land here.” View ArticleThe Houston Chronicle recently dubbed Crested Butte, “close to perfection”. A tidy clump of picturesque Victorian blocks laid out beneath Mount Crested Butte – the 12,000-foot mass of craggy rock and pine that engulfs the horizon – the town is equal parts cushy ski resort and ecofriendly hippie haven.” View Article

2011-2012 Air Service to Gunnison and Crested Butte
View Flight Schedule (PDF)Thanks for reading today! We hope to see you in Crested Butte very soon!

Channing Boucher
Broker Associate
Benson Sotheby’s International Realty

Contact Channing at 970-596-3228 or via his website.
Channing’s Blog: The Crested Butte Real Estate Letter

Visit Channing’s Featured Listings:
Homes and Condos for Sale | Land for Sale | Ranches for SaleCommercial for Sale

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