I am very pleased to announce another successful real estate transaction in Crested Butte Colorado. I represented the buyer on his purchase of the 11,250 sf parcel of land located on the south side of Belleview Avenue located in the east end of town. This oversized, “double” parcel features protected views of the surrounding mountains and the Upper East River Valley. This sale is my second transaction this month for a homesite in the Town of Crested Butte.
Five homesites in the town of Crested Butte sold year-to-date. When we look back on 2015, that sale will be considered a strong value and excellent opportunity for the purchaser. 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.
