Today’s Edition of the Crested Butte Real Estate Advisor
View Today’s Crested Butte Real Estate Advisor Newsletter Here
2014 will be remembered as another incredible year for Crested Butte. Our local economy continued its improvement on many fronts including increased tourism, rising real estate sales and property values and a serious spike in new construction and home renovation activity.
Visitors and investors alike are increasingly bullish on Crested Butte and some of the significant factors are highlighted in the Town Manager’s just released 2014 report below. From my perspective, Crested Butte is on a roll. Our tourist economy has improved into a year round affair, sales tax revenues are way up and we appear to be following our plan of action to further enhance our amenity-based tourism industry. Commercial real estate is starting to sell again and residential real estate sales and home values continue to rise. Spec-homes are going up in town and new ski home developments are underway next to the ski resort slopes.
Recent Blog Post: Highlights of the Town Manager’s Year in Review Report
Recent Blog Post: Commercial Real Estate in Town is Selling
Recent CB News Article: Winter Tourism Starts Strong in 2014
Crested Butte Mountain Resort recently announced they will open 40 new acres of expert terrain this winter season, called Teo 2, once the area has ample snowpack. Located skiers’ right beyond Teocalli Bowl at the top of the High Lift, Teo 2 stands above future expansion possibilities at the resort on the back side of the mountain. Learn More at My Blog
2014 Local Real Estate Activity – Almont to Mt. Crested Butte
$130+ million in residential property sales volume spread out over 260 transactions.
$80+ million in single family home sales on 95 transactions, $850K average price, $663K median price.
$45+ million in condo/townhome sales on 161 transactions.
$25 million in vacant land/homesite sales on 60 transactions.
$7.2 million in commercial real estate sales on 11 transactions.
2012 local market sales volume was $100 million.
2013 local market sales volume was $149 million.
2014 local market sales volume will surpass $160 million.
2014 Significant Sales: Review My 2014 Sales Activity.
The 2015 Winter Collection: A Gallery of Fine Properties for Sale
Presented here is the digital version of our newly released 2015 Winter Collection, a high gloss, printed magazine showcasing all of our exclusively listed properties for sale. Sothebys distributes thousands of printed copies of the Collection throughout the Gunnison and Crested Butte community, from the airport to the ski resort and from Main Street to Elk Avenue. We also produce a Summer Collection magazine, printed and distributed in June. Enjoy the online version here by clicking the image above.
Good luck in 2015. I hope to see you in Crested Butte soon!