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Summer is happening in Crested Butte!

2015 Sales Up, Land Sales Really Up, Prices Slightly Up, Inventory Down The headline sums up the year in Crested Butte real estate so far. Here are the numbers from the MLS for areas from Almont north to back it up. Sales: 2014 - 122 Sales for $49,477,575 2015 - 157 Sales for $65,116,861 Land Sales: 2014 - 22 Sales for $4,097,000 2015 - 57 Sales for $11,196,700 Average Sales Price: 2014 - $405,553 2015 - $414,757 Average Days on the Market: 2014 - 328 2015 - 316 Active Listings … [Read more...]

Protesting your Gunnison County Property Tax Valuation

Every two years property owners in Gunnison County receive a new valuation of their property for tax purposes.  Some years owners are happy to receive this information and some years they are not.  2015 is one of the latter years.  Values are going up and have been for the last couple of years.  This is reflected in the County's new valuations.  There are always a lot of questions about how this process works and what property owners can do if they do not agree with the County.  You can only protest your value … [Read more...]

Crested Butte Real Estate Market Brief – January 2015

Enjoy some statistical information about the real estate market in Crested Butte so far this year.  Please let me know if you would like any additional or more specific information. Molly Overall Market Information (from Almont to the North)   Month’s Highest Sale (January)             107 Elk Avenue, 4 bedrooms, 3 baths, 1,941 square feet, fully furnished, $875,000             Month’s Lowest Sale (January)             433 Anderson, Vacant Lot in CB South, .36 acres, $62,000   # of … [Read more...]

November Crested Butte Real Estate Update

With a bunch of recent snow, it is beginning to look a lot like winter in Crested Butte.  The Nordic Center opened on Saturday with beautiful conditions and Crested Butte Mountain Resort opens with FREE skiing for everyone on Wednesday the 26th.   How's the Market? 2014 surpasses 2013 The 3rd quarter of 2014 has been busy for real estate.  We were well behind 2013 at the beginning of July, but as of the end of October we have finally surpassed the dollar volume of sales from last year.  Usually we … [Read more...]

Fall Crested Butte Real Estate Update

Hello from beautiful Crested Butte!  It has been a while since my last newsletter.  I had a wonderful trip down the Grand Canyon and truly enjoyed spending the rest of the summer enjoying all Crested Butte has to offer. This photo was taken last week before the weather turned this weekend.  Now there is snow on the peaks and even some on the ground.  The leaves were (and still are) amazing this year - lots of reds and oranges that we don't usually see in our aspen forest. As we get into October & November … [Read more...]

2014 – 2015 Red Lady Realty Register

Red Lady Realty publishes a magazine highlighting all of the Crested Butte real estate we have listed for sale at that time.  This annual publication can be picked up numerous places in the Gunnison Valley or you can click here to view it. Enjoy! … [Read more...]

Happy Memorial Day from Crested Butte!

Happy Memorial Day weekend!  I hope you have plans to enjoy this time with family & friends.  It is not supposed to be the nicest weather here in Crested Butte, but the sidewalk sales will carry on regardless.  The aspens are starting to bud and the world is trying to turn green for the summer.  I won't keep you from your burgers & watermelon for too long. Here are just a few quick items of note: Mortgage rates have just hit a 6 month low.  The rate for a 30 year fixed loan is 4.29% while a 15 year … [Read more...]

Challenges and Opportunities

The Real Estate Market in Crested Butte has been slow so far in 2014.  As you can see from the charts below, we are well behind 2013 through April.  There are 44 additional properties under contract for another $24 million+ (asking price), so we could gain some ground in May.  There are several reasons for this slow down and several things that are happening to turn it around. * The rumored sale of the ski area put everything on hold while people waited to see what was going to happen.  Sellers thought it … [Read more...]

Crested Butte Opens for One More Weekend of Skiing & 2014-15 Pass Prices Announced

Yippee!  One more weekend to get out and enjoy the snow.  Please see below for information about the weekend and some great news about pass prices too.  In case you were worried for us - the snow on the valley floor is melting quite quickly and the soccer fields are almost ready for play.  Please let me know if there is anything I can do for you! Molly Get Ready to Make Some Turns Saturday & Sunday! Never in the history of Crested Butte Mountain Resort has the ski area reopened the lifts for more … [Read more...]

Wrapping Up the Ski Season in Crested Butte

As I mentioned last month, real estate sales have started off much slower this year than in 2013.  This continued to be true in March, but spring break brought more than just happy skiers to town.  29 properties from Almont north went under contract in March, bringing the total number properties under contract to 46.  Several of the properties were condos on the mountain, but there were some in town, CB South and Skyland too.   We do have some catching up to do so hopefully this trend continues.  To date … [Read more...]