I am very pleased to announce two successful real estate transactions here in Crested Butte Colorado. I represented each buyer on their purchases of a 11,250 sf “in-town” homesite. The first buyer chose the parcel located on the north side of the 900 block of Belleview Avenue paying $500,000 and the second buyer chose the parcel located directly across the street on the south side of Belleview. This parcel sold for $495,000. These oversized, “double” parcels feature protected views of the surrounding mountains and the Upper East River Valley.
Five homesites in the town of Crested Butte have sold year-to-date. When we look back on 2015, these two transactions will be considered a strong value and excellent opportunity for the purchasers. Values for in-town homesites are skyrocketing. Only 9 homesites are currently available for sale. This is the lowest inventory condition we’ve seen in 10+ years. The median list price for a homesite in Crested Butte is currently just over $635,000. And, with single family homes in town, there are only 16 properties available for sale with 6 homes under contract. This is the lowest inventory count we’ve realized since 2005. The median list price for a home in town is now $1,137,000 and $536/sf. This is a significant jump from 2014 values.
LEARN MORE ABOUT THESE SALES AND CRESTED BUTTE HERE>