The real estate market in Crested Butte is picking up momentum as we head into September and the “Fall Colors Season”. It appears the high-end real estate market is back in vogue as heavily discounted luxury homes, townhomes and condos around the valley are attracting saavy investors. The current deal making is made up of mostly luxury properties.

41 homes and condos have gone under contract in recent days. This represents almost half of ALL the deals we realized from January 1 to date and $31 million in pending sales volume. During the first 8 months of 2010 we sold 87 homes and condos representing $42 million in volume.

Interestingly, the average and median sales price among these current contracts is up dramatically compared to the deal making we experienced during the first 8 months of 2010.
(See graph below)

During the first 8 months of 2009, we realized 76 sales and $44 million in volume. So far in 2010 we’ve done more deals by comparison and roughly the same sales volume. It appears that the recent sales rush will drive our averages and total sales volume past 2009′s performance.

A few examples of recent Crested Butte luxury real estate market activity:

A new luxury home located in Mt. Crested Butte’s Overlook neighborhood just sold for $1,325,000. It was originally listed for $2.6 million.

A 5200 sft. home located on 1 acre in the Elk Run subdivision just sold for $912,000. Original list price in 2008 was $1,795,000.

A luxury home with acreage on Ridge Road located above Crested Butte South is under contract. List price: $2.995 million. It was originally listed for almost $5 million.

A four bedroom Wildhorse at Prospect home is under contract. List price: $995,000. It was originally listed in 2008 for over $1.6 million.

And, a luxury home on Forest Lane at Skyland, originally listed at over $1.8 million sold this summer for $1.1 million.

Thanks for reading today!

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

Benson Sotheby’s International Realty | 433 Sixth Street | Crested Butte | CO | 81224

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324 Whiterock was built by Norton Designworks in 2000.

Featuring a flexible floor plan, this property will accommodate year-round family living or week long ski trip visits!

Enjoy protected views of Mt. Crested Butte from the front porch and Gibson’s Ridge from the upstairs deck, great southern light in the bedrooms and living areas and the incredible landscaping and mature trees of this in-town sanctuary.

The 1342 sft unfinished basement currently serves as an office, laundry and storage but will easily convert to a great theatre/media room or additional spaces for guests.

The 2-bedroom accessory dwelling earns a handsome monthly income and the main house performs very well as a vacation rental. (110 rental days in 2009)

Furnishings are negotiable! 

A must see if you want low maintenance living and the comfort and convenience of living in the town of Crested Butte!

Now Offered for $895,000
2614 TOTAL SFT.
Main House:
3 bedrooms plus Office/Loft
2.5 bathrooms
Basement: 1342 sft – partially finished

Details:

Accessory Unit:
2 Bedroom/1 Bath
Alley access – private

Was $445,000 Now Offered at $247,500

Easy access to the remodeled clubhouse, pool and hot tub. Walk to the ski slopes or jump onto the convenient and free ski shuttle to the base area. Compare this 4 bedroom unit to any other 4 bedroom condo offering in Mt. Crested Butte and you will see the value!

209B Chateaux Condominiums – 4 Bedroom Ski Condo
Was $445,000 Now Offered for $247,500

View 360 Virtual Tour of Chateaux 209B

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Exclusively Offered by
Channing Boucher of Benson Sotheby’s International Realty
970-596-3228

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Located on a quiet, dead-end cul-de-sac in the west end of the Town of Crested Butte aka Kapushion Annexation, 11 Ruth’s Road is .19 acres big and features great morning and evening light. Previously listed for $1,100,000, this one-of-a-kind “in-town” Crested Butte parcel is now offered at $750,000.

This oversized lot has incredible views to the west of Mt. Crested Butte and enjoys the awesome Ruth’s Road streetscape.

Out the back, you will enjoy stunning views of the Lower Loop, Peanut Lake and Paradise Divide.

Fully approved home plans are included.

This one-of-a-kind parcel backs to open space – the Crested Butte Land Trust – and the groomed nordic ski and walking track.

Elk Avenue dining, shopping and the free skier shuttle stop are only a few blocks away.

Contact Agent
Channing Boucher
Click Here
or call
970-596-3228

Crested Butte Airport Community Land for Sale

Newly Listed by Channing Boucher of Benson Sotheby’s International Realty: Lot 75 at the Avion Club.

Lot 75 at the Avion Club in Crested Butte Colorado is 1.69 acres big and features a flat building site, unobstructed mountain and valley views in all directions and great solar exposure.

The private airstrip abuts the southern edge of Lot 75 creating instant access for you and your plane.

The Avion Club is a private fly-in, fly-out community at Buckhorn Ranch. Each parcel enjoys access and use of the 4400 ft. newly paved airstrip. Your mountain home can include your own detached private hangar for your plane!

Exclusively offered at $200,000.  This is a very deep price discount on a premium airport community parcel.
See webpage for details and more photos.

Buckhorn Ranch amenities include excellent access to hiking and biking trails, cross country skiing, fishing, and more. Enjoy Colorado sunsets from your deck and beautiful morning light from this perfect parcel.

1.69 acre parcel
Private Runway Access
Level Building Site
Southern Exposure
Open Spaces All Around
5 minutes to the town of Crested Butte
10 minutes to ski resort
Instant access to the National Forest
Low HOA dues
Offered at $200,000.

Take advantage of this opportunity. Originally listed for $895,000.

728 Whiterock is now offered for $819,000. View this property online.

The home is move-in ready but at this low price, the opportunity exists for a value-add remodel.

Enjoy a great location close to school, town parks, free skier shuttle and all that Crested Butte has to offer.

Southern light fills the master suite, kitchen and dining areas and the mountain views from the private decks are awesome.

This home lives big. It will accommodate a local family or function perfectly as a Crested Butte 2nd home retreat!

The large fenced yard featues private alley access and the mature trees offer privacy.

The first floor attached apartment featues its own kitchen, bathroom, bedroom, living room and private access to the backyard patio.

View this property’s 360 Virtual Tour.

2598 sft. of living.
4 bedrooms plus bonus media room
3.5 bathrooms
Includes 940 sft. of Garage space
Private alley access
Big fenced yard
South-facing Kitchen, Dining and Master Suite
Open floor plan
Apartment with full kitchen, bath, living room too!

Channing represented the purchaser of 2 Ridge Lane. The 4 bedroom, 3650 sft. custom home sold for $1,325,000.

This extraordinary mountain home is located on a quiet cul-de-sac in the prestigious Overlook neighborhood of Mt Crested Butte.  A grand foyer and sweeping stairwell anchor this two-level home. The home offers absolutely stunning views of the ski resort, Whetstone Mountain and Mt. Emmons. And, the National Forest and Crested Butte’s Upper Loop trail system is literally steps away from the front door of this amazing home.

Sold by Channing Boucher - 2 Ridge Lane - Mt. Crested Butte

2 Ridge Lane in Mt Crested Butte

Visit Channing Boucher’s Crested Butte Real Estate Guide and his Gallery of Sold Properties here.

Visit Channing Boucher’s Crested Butte Real Estate Guide to learn more about this incredible offering.

Price Reduced $70,000!

210 Huckeby is an awesome family home with a great floorplan located on 1.04 acres in Crested Butte South – this is 3 adjoining Crested Butte South parcels!

Enjoy 3814 sq ft. of prime fenceline living and unobstructed mountain, valley and meadow views for miles. This is a very private location off the end of Huckeby Drive.

The large master suite features picture windows and beautiful protected mountain views.

2 more bedrooms plus a big bonus room and a bonus office/study located over the 1000 sft. detached garage.

3 bathrooms

Paved driveway with turnouts. Landscaped, fenced and lovingly maintained throughout.

3814 total sft ($178/sft)
998 sft heated garage

View this property’s web page and 360 virtual tour here.

Offered for $679,000

Thanks for visiting today,

Channing Boucher
Benson Sotheby’s International Realty
970-596-3228
Visit My Crested Butte Real Estate Guide

The resort’s summer visitor business has picked up considerably as well. CBMR is experiencing the best summer business levels in the history of the company with every revenue center and operational department performing at or ahead of budget.  Their hotel occupancy for July will be up 25% over last summer and lift ridership is up 21%.

The addition of Mini Golf to the Adventure Park has exceeded everyone’s expectations with the Adventure Park showing a 60% growth in revenue.  More than 1,500 rounds of mini golf were played during the month of July. Camp CB for Kids is also growing rapidly as they’ve posted a 40% increase in business to date.   The real buzz in the community is about the mountain biking at CBMR.  The Mountain Sports department and the Mountain Operations teams have done an incredible job of providing a fantastic biking and hiking experience on the mountain for their guests. All of this combined with more special events, weddings and group and conference business has created a new level of energy and vitality at CBMR. 

For the upcoming 2010-2011 Winter ski season, CBMR reports that it’s group sales team has already booked twice the amount of group business compared to this time last year and we are currently up 62% in room reservations on the books in our hotels.

And, airline bookings are already pacing ahead of last year and flights now include new direct jet service from Houston on Continental along with two flights daily on American Airlines from Dallas and two flights daily on United from Denver.  

Another indicator that Crested Butte is heading toward a great winter? Season pass sales are pacing ahead of the last five years.  CBMR lowered the price significantly on their 10-day card and College Season Pass and introduced an Anniversary Pass good for 4 days of skiing for just $99 in celebration of the Crested Butte resort’s 50^th anniversary.

Good news indeed. Thanks for reading day. We’ll see you in Crested Butte sometime soon!

Channing Boucher
Benson Sotheby’s International Realty
Visit My Crested Butte Real Estate Guide