2008 Kicks Off With Demand for Crested Butte Real Estate

The new year has started off with good demand for real estate in Crested Butte. Real estate agents around the local market report that home shopping picked up over our recent holiday season. Properties were being shown and buyers wrote offers for condos and single family homes. Agents expect the holiday shopping demand to equate to a spike in sales activity during the first half of 2008.

Aside from the 51 Cimarron condo units under contract from 2007 sales work which inflate our figures (the building isn’t built yet), there are an additional 17 residential listings currently under contract. Buyers put real estate under contract in Mt. Crested Butte, Meridian Lake, Skyland, in town and in Crested Butte South. Of all 68 properties under contract, 18 are valued over a $1 million and 18 are asking $509,000 or less. The biggest pending transaction is the Crested Butte Club in downtown Crested Butte. Asking price: $2,480,000.

Vacant land activity is a bit quieter and totals 5 parcels under contract. Yes, it can be a challenge to buy something that is beneath all of the great snow we’ve received. But, considering the average asking price for these parcels is $894,000 and only 1 of the 5 properties is a 35 acre lot buyers are not shying away from our valuable real estate even in the middle of winter.

Thanks for visiting!

Channing Boucher
Crested Butte Real Estate Agent
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