Crested Butte Market

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New Listing at Buckhorn Ranch: 113 White Stallion Circle

Thursday, February 11th, 2010

Gorgeous, well-appointed and located just 10 minutes to the world class skiing in Mt Crested Butte!

Built by local builder Fran Guy, this 2200 sft. custom ranch style home is suited for year-round living or second home vacationing!

Enjoy a flexible floor plan wrapped in high end finishes from floor to ceiling.

Great Colorado light fills the living spaces and the mountain views from every window are stunning to say the least.

The attention to detail is evident throughout this beautiful home – from the glass tile in the bathrooms to the beautiful beam work above to the stylish iron work up the stairs and in the halls.

You will enjoy the quality of this property from season to season and you will take advantage of the perfect setting at Buckhorn Ranch – 5 minutes to the Town of Crested Butte and out the back door to National Forest trails.

The oversized 1-car garage will accommodate all the toys and the cool outdoor patio and hot tub compliment this complete Crested Butte home!

Offered at $660,000

Broker: Channing Boucher
Benson Sotheby’s International Realty

Visit This Property’s Web Site

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Details:
2200 sft
630 sft garage
3 bedrooms
3.5 bathrooms
Air-lock entry
In-floor radiant heat
Custom rock fireplace
Outdoor Hot Tub
Private, fenced outdoor patio
Covered porches
Thermal, low-E windows
Bosch washer/dryer
Custom kitchen cabinetry
Stainless steel kitchen
appliances and range hood

Big Price Reduction at Skyland

Friday, February 5th, 2010

  View 360 Tour | View Google Map

 Reduced from $1,849,000 to $1,395,000
 702 Forest Lane is one of the original homes in this exclusive and very private neighborhood above the Crested Butte Country Club.

This home tastefully combines Bavarian-influenced design features with Old South accents and charm.
 
702 Forest Lane represents a unique and special opportunity in the Crested Butte area.

Floor plan highlights include a a big open kitchen and breakfast nook with great southern light and easy access to the large stone patio. The massive living/dining room features stunning vaulted celings supported by gorgeous arched beams with iron accents. The hardwood floors include trim detail not to be overlooked.

The 1st floor master suite basks in southern light filtered by a mature forest of aspen. The master bath features a steam shower and a big, deep soaking tub.

The large upstairs landing, and bathrooms feature great Colorado light via the ceiling’s skylights and each bedroom enjoys aspen and mountain views!

4 bedrooms
3.5 bathrooms
2 Skyland parcels: 1.17 ac.
3674 living sq. feet
1050 sq. foot garage
960 sq. feet unfinished above garage
 
Fishing rights on Lake Grant and easy access to the Upper Loop and the National Forest.
Offered for $1,395,000

  

Crested Butte Real Estate Insider News – Winter 2010 Issue #1

Wednesday, February 3rd, 2010

View Newsletter Online

Hello from Crested Butte!

Will 2010 be remembered as the year of the price wars in Crested Butte real estate? 2009 saw decent real estate activity in our little resort community but that activity came at a price – no pun intended.

Of the 19 single family homes that sold in the town of Crested Butte last year, days on market was 371 and the average sales price was 74% of the original list price. Up in Mt. Crested Butte, 13 single family homes sold at an average of 69% of the original list price and it took an average of 433 days on the market to get those homes sold. There were 45+ condos sold in Mt. Crested Butte in 2009 at an average of 73% of their original list price.

For 2010, it looks like these price wars will continue.  With over 560 homes, condos and townhomes actively listed on the market in Mt Crested Butte, Crested Butte, Skyland and Crested Butte South, competition among sellers is fierce to say the least.

What does this mean for interested buyers? It’s time to deal. Read this NY Times article for more insight.

Interest rates on residential loans are still highly attractive, prices on real estate are way down from 2005-2006 highs and let’s face it, buying a hard asset like real estate, particulary “lifestyle” real estate like we have in Crested Butte, is a great investment option to the volatile stock and bond markets.

There are many very nice opportunities in our marketplace – in town, up on the ski mountain, out at Skyland and Buckhorn Ranch and down in Crested Butte South. Many of the properties on our market are now being offered for less that it would cost someone to buy the land and build new.

Upcoming Events in Crested Butte:

Race Across the Sky Leadville 100 Bike Race Film at Center for the Arts – Feb. 5, 2010

24th Annual Alley Loop Nordic Ski Marathon – February 6, 2010

Valentine’s Ski Clinic with Wendy Fisher, Crested Butte Mountain Resort – Feb. 13-15, 2010

Mardi Gras Parade & Gumbo Cook-Off, Crested Butte/Elk Avenue – February 16, 2010

19th Annual U.S. Extreme Freeskiing Championships, CBMR – Feb. 17-21, 2010

Crooked Still Concert Center for the Arts – Feb. 25, 2010

ArtWalk Evening, Studios & Galleries in Crested Butte & Mt. Crested Butte - Feb. 25, 2010

Thanks for reading today!

Channing Boucher

Broker Associate
Benson Sotheby’s International Realty
Local Knowledge Global Reach

Homes for Sale | Condos for Sale | Land for Sale | Ranches for SaleCommercial For Sale

Research Properties on the Gunnison/Crested Butte MLS

Just Listed in Crested Butte – Luxury Home at 720 S Avion in Buckhorn Ranch

Sunday, January 31st, 2010

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View this Property’s Web Page

720 South Avion represents the best of Buckhorn Ranch.

Located right on the fenceline, this beautiful home features unobstructed views of the surrounding mountains, open spaces and the peace and quiet of the expansive Buckhorn Ranch community.

Only 5 minutes to downtown Crested Butte, this 3100 sq. ft, 4 bedroom, 3.5 bathroom home was built in 2007.

Enjoy reclaimed wood floors and exterior trim, granite, luxurious lighting, high end fixtures and incredible beam work with iron accents in the main living and dining areas and the big master suite.

The gorgeous rock fireplace anchors the living area and the picture windows capture the Colorado light and amazing views.

The oversized garage will accommodate all the toys!

Offered at $949,000

(REO)

Just Listed. .70 Acres at Buckhorn Ranch in Crested Butte

Thursday, January 28th, 2010

Newly listed in Crested Butte: 52 Buckhorn Way (Lot 25) - Incredible Price on a Large Single Family Homesite

Crested Butte Real Estate for Sale by Channing Boucher

$119,000 - .70 Acres

52 Buckhorn Way features captivating Rocky Mountain vistas, the convenience of the Town of Crested Butte only 5 minutes away and the privacy of Buckhorn Ranch. Enjoy sunrise and sunset from this location and beautiful Colorado light all day long.

Buckhorn Ranch features excellent Forest Service access to hiking and legendary mountain biking trails, cross country skiing, snowmobiling, gold medal fishing, and golf and tennis at the Crested Butte Country Club 1 mile away. Of course, world-class skiing and boarding at Crested Butte Mountain Resort is only 10 minutes away!

Buckhorn Ranch Features:

Three private Fly-Fishing Lakes for Buckhorn Ranch Residents

Tennis Courts

Private Runway for Aviation Enthusiasts

Playgrounds, Picnic areas, great open spaces

Borders the Gunnison National Forest

Epic mountain bike trail system including Strand Hill, Farris Creek and Deer Creek instant access

Cross-country skiing & snow shoeing trails and instant access to Brush Creek, Upper Loop, Upper Loop and Whetstone Vista trails.

From Buckhorn Ranch its a quick 10 minute drive to the ski lifts at Crested Butte Mountain Resort, and literally 2 minutes to the Robert Trent Jones Jr. 18-hole masterpiece: Crested Butte Country Club.

The Town of Crested Butte is a 5 minute drive. Enjoy gourmet restaurants & the eclectic night life in the charming historic mining town.

A New Real Estate Listing In Crested Butte Colorado

Wednesday, January 13th, 2010
I am pleased to announce a new listing for me and Benson Sotheby’s International Realty in Crested Butte Colorado. Offered here is a well built, well designed Crested Butte South condo completed in 2006.

Enjoy easy access and privacy from this hillside location on quiet Fox Place. The home features southern light and warmth and the mountain and valley views from this home are commanding and unobstructed.

Granite tile and stainless steel appliances compliment the kitchen and the vaulted ceilings and great lighting accentuate the living and dining areas. The large southern deck features a vaulted roof and the kitchen deck is perfect for outdoor grilling.

Channing Boucher's Crested Butte Real Estate Guide

Channing Boucher's Crested Butte Real Estate Guide

Channing Boucher's Crested Butte Real Estate Guide

3 bedrooms
2.5 bathrooms
1450 living sq. feet
Radiant, in-floor heat
Ultra-efficient water heater
and washer/dryer

2009 Taxes: $1456.00
Private, deeded parking
Landscaped

Offered for $339,000

View Channing Boucher’s Crested Butte Real Estate Guide

Conde Nast 2009 Reader Survey Ranks Crested Butte 12th Overall

Sunday, January 3rd, 2010

Hello from Snowy Crested Butte,

Conde Nast Magazine’s Reader’s Choice Survey for the Best Places to Ski and Stay in North America 2009 resulted in a great ranking for Crested Butte. Readers ranked Crested Butte 12th overall. This is great news and evidence of the impact of our resort owners and their ability to run a resort.

Ski resorts were rated on a five-point scale: excellent, very good, good, fair, or poor on the criteria of Terrain & Conditions, Lifts & Lines, Après-Ski/Activities, Local Dining, and Local Ambience; ski hotels were rated excellent, very good, good, fair, or poor on the criteria of Rooms, Service, Dining/Food, Location, Overall Design, and Activities/Facilities. Criterion scores, which represent the percentage of respondents rating a ski resort or hotel excellent or very good, were averaged to determine the overall score. Only ski resorts and hotels that received a required minimum number of responses were eligible for inclusion in these rankings.

LINK TO RANKINGS >>>

Year in Review – 2009 – Crested Butte Real Estate Market

Thursday, December 31st, 2009

Happy New Year from Snowy Crested Butte!

In spite of global economic conditions and the highly publicized bankruptcies of western U.S. ski resorts including Tamarack in Idaho, the Yellowstone Club, and Moonlight Basin in Montana, Crested Butte appeared to weather the financial storms of 2009. Christmas ski vacationers poured into town this month, the snow has been good and our real estate market scratched and clawed its way to almost $90 million in total sales.

2009 in our little ski town will be remembered for some high flyer real estate transactions, community-wide turmoil over the National Forest Service’s rejection of CBMR’s plan to expand its resort onto Snodgrass Mountain and today’s announcement in the Crested Butte News that the proposed Foothills Annexation is now off the table, after almost 2 years of planning.

Crazy times indeed but Crested Butte remains Crested Butte. People love this place. We still don’t have a parking meter or any traffic lights in our town. The town-to-resort shuttle service is still free and we even saw new businesses come to town including our newest restaurant: Ryce Asian Bistro.

Here is a snapshot of our community’s 2009 real estate activity:

2009 Residential Sales Breakdown

Over 125 Crested Butte and Mt. Crested Butte homes, condos and townhomes sold in 2009 totaling about $70 million in sales. 14 residential properties sold for over $1 million.

Crested Butte South had 16 transactions including 9 single family homes.
Crested Butte had 29 transactions including 18 single family homes.
Rural Crested Butte saw 12 transactions including 7 single family homes.
Mt Crested Butte realized 64 transactions including 42 condos.

2009 Vacant Land Sales Breakdown

21 total land transactions totaling $10 million in sales.
3 properties sold for over $1 million including a Prospect lot that sold for $1,000,000.
10 sales in Rural Crested Butte including last week’s sale of a Trappers Crossing South 35-acre parcel that closed for $1,490,000.
6 Crested Butte South parcels sold.
3 Town of Crested Butte parcels sold including a Verzuh parcel that closed for $730,000.

Thanks for reading and good luck in 2010!

Channing Boucher

Broker Associate
Benson Sotheby’s International Realty
Local Knowledge Global Reach

 

New Listing: Crested Butte Business for Sale

Thursday, December 24th, 2009

Hello from Crested Butte Colorado, 

This is a very special opportunity to acquire a highly profitable restaurant and lounge venture in a very cool place to live and work.

The LoBar is located in the heart of the commercial district in downtown Crested Butte at 303 Elk Avenue. The restaurant’s menu is eclectic and includes many popular sushi and Japanese influenced dishes.

The LoBar transforms itself nightly into Crested Butte’s social hot spot. featuring great lounge and bar seating and private dining areas.

The business is ideally suited for it’s market, enjoying a loyal installed base of local customers as well as a prominent national reputation as the place to patronize when in Crested Butte.

The financial results reflect a business in command of its market.

Purchase prices includes extensive leasehold improvements plus all of the fixtures, furnishings and equipment.

Also included is seller training and consulting, marketing collateral, brand, menus and trade secrets.

Business summary and financials provided upon request and execution of a NDA.

Offered at $695,000
View Listing Information Here
http://www.crested-butte-real-estate.com/for_sale_lobar_restaurant_lounge_bar_crested_butte.html

Just Sold in Crested Butte

Wednesday, December 16th, 2009

JUST SOLD IN CRESTED BUTTE
285 Journeys End Road
Trappers Crossing South
35.25 Acres – $1,490,000

The last of it’s kind parcel located on what is known as the “Bench” and Journey’s End Road. Dramatic panoramic views. The 35.25 acres includes part of Gibson’s Ridge and extends all the way to Red Lady Avenue in Crested Butte. Groomed nordic ski tracks in the winter out the back door.