Hello from Crested Butte,
The Crested Butte News published a front page article today on the state of our local real estate market. One local broker stated "Crested Butte seems to be viewed as the best value in the mountains right now. I would say that it has been rough for a while, but if we aren’t at the bottom of the market, we are leveling off.”
So far this year, about $30 million in real estate has sold at this end of the valley. About the same amount is pending at the moment, but in the last three weeks, another $17 million in local real estate was put under contract.
“There has been a major uptick in the volume of sales and the amount of money people are spending,” said a broker at Coldwell Banker Bighorn Realty. “We are hoping for more such activity during the rest of the summer.”
The interesting thing about this summertime spike in activity? The deals are happening at the top end of our market.
Read the article here
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