Hot Start to the Summer

Hello from Sunny Crested Butte!

For Sale: 2350 Slate River Road

Summer has kicked off in Crested Butte. Temperatures climbed into the 70’s yesterday, marking the warmest day of 2011. It won’t be long before wildflowers are popping all over our beautiful mountain valley.

The local real estate market is heating up too. In my last newsletter I reported that our market was seeing a decent spike in sales compared to 2010. The trend continues and it’s notable. The summer tourists haven’t even hit town, yet we’ve already closed 80 properties and another 13 pieces of land. There are an additional 22 homes and condos currently under contract. Last year at this time we had sold 56 homes and condos and 9 vacant land parcels. This is a big increase in sales activity and certainly a positive start to the busiest three months of the year for our little town.

A Notable Sale
A .21 acre homesite parcel located at the end of Butte Avenue in the town of Crested Butte sold recently for $820,000.

Most Expensive, Least Expensive
The most expensive residential listing on the Crested Butte MLS is a 6 bedroom, 8 bathroom, 7,000 square foot ski home located in the Prospect Ski In Ski Out neighborhood of Mt. Crested Butte. Asking price: $5,495,000.

The least expensive property offered for sale in Crested Butte is a 395 square foot studio condo located in the Grand Lodge at the base area of the ski resort.
Asking price: $59,000,

Ride the Rockies
2,200 riders and their entourage arrive in Crested Butte on June 10th and 11th for a welcome break during the Ride the Rockies cycling event. On June 11, the Crested Butte Chamber of Commerce will host The Crested Butte / Ride the Rockies Soul Center of Cycling Street Fest at 3rd and Elk Avenue. Three bands will be playing, and there will be street events and a Strider Cup race for the kids!

Crested Butte Bike Week
Crested Butte’s Fat Tire Festival has a new name but the same great events and trail riding:
Crested Butte Bike Week. Crested Butte will host the world’s oldest mountain bike festival, the 30th Annual Crested Butte Bike Week from June 23 thru 26, 2011. This year’s Crested Butte Bike Week events include the Fat Tire 40 mountain bike race, the Mountain States Cup Wildflower Rush races, the infamous and notorious Chainless race, Rippin Chix / Crested Butte Mountain Guides clinics and a big concert featuring Toots and Maytals!

Crested Butte Restaurant Week
Crested Butte Restaurant Week is going on right now through June 10 all over town at many of our fine restaurants. I just updated my online guide to Crested Butte restaurants. Have a look.

Thanks for reading today!

Channing Boucher
Broker Associate
Benson Sotheby’s International Realty

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