Open House: Tuesday June 27th 11 am to 2 pm in Crested Butte

313 Sopris Avenue

Public Welcome
OPEN HOUSE at 313 Sopris Avenue
Tuesday June 27th – 11 am to 2 pm.

Come tour Crested Butte’s latest historic home restoration masterpiece: 313 Sopris Avenue. The Project of the Year for a rehabilitation to a historic home in 2016 was awarded to the sellers of the property for the rehabilitation, addition and historic preservation work of one of Crested Butte’s oldest residential buildings. This iconic property sits atop the hill on Sopris Avenue in central Crested Butte. According to the historic building survey, Crested Butte founders Howard Smith and George Holt erected the building in 1881 as the Pioneer Apartment Hotel. Today, the completely restored home expertly recaptures its heritage with a beautiful mix of reclaimed elements and modern appointments throughout three levels. Home highlights include designer lighting, a mix of reclaimed and new wide plank wood floors, high-end kitchen appliances, a butlers pantry, a wet bar and a heated walkway to the front door.




Sold this Week in Crested Butte: 311 Whiterock Avenue

SOLD: 311 Whiterock Avenue

Pleased to announce that my exclusive listing located at 311 Whiterock Ave in the center of the historic town of Crested Butte sold successfully. Originally built in 1890, this historic Crested Butte home was completely renovated in 2001 and the accessory dwelling was added in 1999. The main house features 2 spacious bedroom suites with attached bathrooms, a chefs kitchen with granite tops, custom cabinets and stainless steel appliances. Other highlights include vaulted ceilings with exposed beams and skylights that create lots of natural light.

The property sold for $800,000.

New York Times editor Mike Powell writes a real estate column called “What You Get”. It is a weekly look at real estate offerings from around the United States that fall within the same price point. Mike included this.

See the NY Times Article Here

311 Whiterock Avenue

311 Whiterock Avenue

Record Breaking Sales Price in Town

SOLD: 606 9th Street

Today I sold my exclusive listing located at 606 9th Street in the historic mining town of Crested Butte. The sale price was $2,725,000 beating my previous sales price record of $2,700,000 for the home I sold a few months ago at 919 Belleview Avenue (also located in the town limits of Crested Butte).  Both of these properties represent the best our town has to offer in terms of location, views and quality of craftsmanship and use of the finest materials.  Enjoy the video tour of this incredible property below.

One of the finest offerings in our marketplace, 606 Ninth Street artfully combines stunning architecture and interior design worthy of its amazing setting on the eastern edge of Crested Butte. The protected views of the mountains and open spaces are masterfully captured creating a daily sense of awe and inspiration. Interior highlights include a tasteful mix of eye popping hardwood and tile flooring, reclaimed trusses, imported interior doors, designer lighting and forged iron handrails and accents throughout. Standing in the living room, you will notice the impressive 15′ floor-to-ceiling rock fireplace mimics the commanding presence of the cliffs of Mt. Crested Butte. Other design highlights include antique stair risers with accent lighting and a hand-forged steel hood anchoring the well appointed Wolf-Sub Zero kitchen. The media room with its attached bath could easily function as a fifth bedroom suite and the spacious detached garage with custom built-in cabinets features an office space above with an attached bathroom. The home was completed in 2016 by renowned local builder Jim Faust and the beautiful landscaping including hardscape patios and walkways, mature trees, a gorgeous reclaimed oak wood fence, the hot tub and fire pit were added later.

Avoid Mistakes in a Changing Market


View This Newsletter with Featured Listings

Greetings from Crested Butte!

If you’ve been following my newsletters you know that our local real estate market is undergoing a respectable rally. Its been a long time coming since the economic meltdown of 2008. Home and condo prices around the valley are improving and demand for our real estate is now as diversified as its ever been. While demand from our traditional feeder markets of Texas and Oklahoma has waned (likely due to the crash of the oil market) investors are now showing up from new places like Denver, Boulder, the Northeast and the West Coast.  This new breed of buyer is pursuing our real estate with an intensity that is driving our market’s recovery. They are younger, financially empowered and their property usage patterns are different from their predecessors – summer use and winter use are equally important.

When buying real estate in stunning communities like Crested Butte, judgment can be clouded by emotions and you might be operating without a complete understanding of the market conditions. With the exception of the Town of Crested Butte where scarcity of land plays a significant role in home values, there is a ton of vacant land inventory all over the valley. There are 255 land listings currently and values are still 40%-50% off their peak from 2006. This equates to a 3.5 year supply of land.

So, here is some friendly advice for saavy real estate investing in a changing market:

Continue reading

Time to List your Crested Butte Real Estate?


Sothebys Quarterly Market Report – Q1 2017

2017 began with snow…lots of snow. January alone saw 136 inches of the white stuff.  It created a difficult situation as potential buyers could barely see the outside of most homes as snow piled up past the roof lines. A welcome situation for skiers,  Mother Nature tried but didn’t seem to stop our local real estate market. The single family home segment of our market was up in all rural locations. Rural Crested Butte, Crested Butte South, Almont and rural Gunnison areas all enjoyed sales volume increases between 12% and 21%.   Due to decreasing inventory levels and increasing prices sales volume was down significantly in Crested Butte, Mt. Crested Butte and Gunnison, between -16% and -65%.

Who Is Buying Crested Butte?

Just like last year, the 2017 market for condos and townhomes is as strong as ever. We’ve seen a dramatic 88% increase in ski area condo sales in Mt. Crested Butte. This is due to a serious influx of Denver and Boulder based buyers flocking to Crested Butte and entering our real estate market via the more affordable price points found in the condo and townhome segment.  As we enter the second quarter of 2017, we are seeing an increase in sales volume across the county. There are 140 properties currently under contract with a current listing value of over $75 million. Learn more at our Quarter Report below:

Sold in Mt Crested Butte: Pitchfork Townhome

SOLD by Channing Boucher 105 Big Sky Drive

Pleased to announce another successful real estate transaction here in the dynamic Crested Butte marketplace. My exclusive listing at 105 Big Sky at the Pitchfork community in Mt. Crested Butte sold after being on the market less than a week. Sold price was $460,000.

Property description: 105 Big Sky is a 1,329 sf. three bedroom town home with an attached 490 sf. 2-car garage. This end-unit receives great Colorado light and the covered south-facing deck enjoys mountain views from the hot tub. There is a cozy gas log fireplace in the living room and there are many upgrades including a new washer and dryer, additional custom cabinetry in the kitchen and master bath, a new dishwasher, a new microwave and a instant hot water faucet in the kitchen. Other highlights include a custom forged metal enclosure on the front porch and a landscaped garden. The ski resort shuttle bus stop is just around the corner and the ski slopes are nearby!

Dining to Kitchen

Kitchen Detail

Crested Butte Real Estate Advisor Issue #2

Land For Sale in Crested Butte

Is our real estate marketplace growing too hot or are we just getting started on another significant run?  With over 110 local properties currently set to close and some of the higher priced listings in the Crested Butte area going under contract in recent days it is safe to say that folks are not waiting around for the summer buying season to make their investments. Coming off 2016, our best performing year since 2008, the word is out that our real estate market is on the move.

The $185M in sales volume we reached last year seems like a big deal but considering the boom days of 2004-2008 when we reached over $1.2 billion in sales during that 4-year stretch it feels like we are just warming up.

Affordability and availability of offerings at the lower end of the market seem to be going away as the inventory of available condos and single family homes is now at a 9 year low. Up in Mt. Crested Butte, there are only 55 condos for sale (at one point there were over 300 listings). Down in Crested Butte South there are only 3 homes for sale. Right now, the best price opportunity on a single family home in all rural Crested Butte locations is $795,000 for a new 4 bedroom spec home at Buckhorn Ranch. And, a three bedroom home that was just listed at Buckhorn Ranch for $679,000 went under contract inside of a week.

Read the Complete Newsletter Here

Highest Price Ever Fetched in Town: 919 Belleview

SOLD: 919 Belleview

Records are made to be broken. My exclusive listing at 919 Belleview just fetched the all-time highest sales price paid for a home in the Town of Crested Butte. Crested Butte’s real estate market continues to improve and the sale of this property for $2,700,000 reflects the growth in popularity of investments in our community’s property offerings.

Property Description:
An amazing collaboration between Crested Butte’s Daniel J Murphy Architect, Michael Weil Custom Homes and Interior Visions, 919 Belleview Avenue is Crested Butte’s latest luxury mountain home offering. Interior highlights include reclaimed mixed grain wood floors, quartz counters, custom built-in cabinetry, stunning reclaimed beam work throughout the home, vaulted ceilings, a state of the art Thermador kitchen, American Clay walls, custom fireplaces of concrete and steel in the main living room and the master suite and designer lighting & sound. Located on the coveted open space of the old Verzuh Ranch in the east end of town, the home enjoys absolutely stunning and forever protected views of our beautiful skyline including the impressive vista of iconic Mt Crested Butte.  The detached garage enjoys a 6th bedroom and bath upstairs, a shop space in the rear and a pet/boot washing station. Outside you will find a big paver brick driveway and front step and paver patios and a walkway that extends to the back of the property. The huge .26 acre parcel translates into one of Crested Butte’s biggest homes. The house was completed in June of 2016.