Deal Making Alive in 2009

Good day from (very) snowy Crested Butte,

2009 has begun with new deal making and some incredible opportunities to purchase premier Crested Butte real estate at seriously discounted prices. Buyers are enjoying strong inventories and competitive price reductions across all categories. The lower end of the market has come alive and we have 14 properties currently under contract including 9 townhomes and condos and 2 single family homes.  Buyers are also taking advantage of the cheap money offered by lenders for residential purchases. Borrowers are realizing sub-6% and in some cases sub-5% rates on 30-year fixed residential loans.

Last Week’s Closing Activity:
337 Cement Creek – Crested Butte South Townhome – SOLD at $390,000
401 Black Bear Lodge – Condo in Mt Crested Butte – SOLD at $950,000
103 Mountain Sunrise – Condo in Mt Crested Butte – SOLD at $244,000

Under Contract Activity:
7 homes and condos priced between $200,000 and $2.2 million in Mt Crested Butte
4 homes and condos priced between $190,000 and $735,000 in Crested Butte
1 home (asking $635,000) and 1 condo (asking $159,000) in Crested Butte South

Thanks for visiting today,

Channing Boucher
Visit My Crested Butte Real Estate Guide

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