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Crested Butte Real Estate – Summer 2015 Update

2015 Real Estate Sales exceed 2014 year to date

2015 has been an interesting year in Crested Butte.  We had a less than awesome amount of snow this ski season and a lot of rain this spring and summer, but our usually weather dependent visitors did not seem to mind.  The ski season was busy and there were record breaking crowds here this summer.

Real estate sales have matched the visitor numbers and the statistics give you an idea of just how busy the market has been.  Through August, from Almont to the north, we have had 233 closed transactions in 2015 vs. 188 during the same time last year.  That adds up to almost $15 million more dollar volume ($97.1 million vs. $82.8 million).    The number of properties listed for sale continues to decline steadily.   That number is down about 5% from last year and almost 37% down from the peak in 2009!  There were 1200 properties for sale in September 2009 vs. 765 today.

Even though we are a smaller market, we still have micro-markets that react differently from the overall market.  For example, CB South has seen a larger number of properties sell and for higher average prices per square foot whereas Mt. Crested Butte is down over last year  – especially condos.  The general trend is a slow and steady rise, but let me know if you have a specific area or type of property you want information about.  We are not a cookie-cutter area so it is challenging to determine value by simply looking at overall trends.

Red Lady Realty

As many of you know, I purchased Red Lady Realty at the beginning of this year.  I have a lot of ideas and things I want to do to improve the company, but have spent much of this year focusing on small things.  I have made some changes to our marketing including a new logo and that will continue to evolve.  While I feel I can make the company better and strive to have it be a great place for the brokers who work with me, my focus is on you, the customer.  Experiences in buying and selling real estate range from awesome to awful and I hope that all of the Red Lady Realty brokers provide their customers with a wonderful experience from start to finish.

Excellent service, communication, attention to detail and a focus on your needs have always been a central part of my business and will continue to be.  I intend to continue to list properties for sale and to work with buyers to find the right place for them in the Crested Butte area.  I am confident that I can provide you with great service while helping the other brokers at Red Lady to do the same.

Gunnison Crested Butte Air Alliance

I have always been involved in helping to improve the economy of the Gunnison Valley through tourism.  I was a board member and vice president of the Gunnison-Crested Butte Tourism Association from 2007 – 2010.  After hearing what other resort towns do to support their air service, I felt there was a need for an organization where businesses and individuals could be involved in this area.  To this end, I worked with the primary stakeholders to create the Gunnison Crested Butte Air Alliance.  If you would like to learn more about what we are doing please click here.  In addition to helping support the air service into GUC, your donation also gives you some great benefits through CBMR, Western State Colorado University and the Nordic Center.  Please let me know if you have any questions or if you want to be more involved.

What’s happening in CB?

September is a great time to be in Crested Butte.  The summer event calendar is packed with things everyday and that is not the case in September, but there are still fun things to do and reasons to come visit.  The leaves are just starting to changes and usually they peak around Vinotok, but feel free to reach out to me for an update if you can make an impromptu trip and want to see the best colors.

Sundays through October 4 – Crested Butte Farmer’s Market (lots of delicious fruits and vegetables are being harvested!)

September 12 – Chili & Beer Festival – sample locally made chili, taste Colorado beers and listen to great music at the base of the ski area.

September 13 – 19 – Vinotok – this fall festival includes celebrating the harvest, story telling and, of course, the burning of the Grump (a la Burning Man & Zozobra)

September 24 – 27 – Crested Butte Film Festival – parties, talks and, of course, films at venues throughout town.  This is one of the fasting growing events in town.

Of course, you might just want to come be in Crested Butte and don’t need an event to make that happen.  September and October are great because there are less people, but all of the restaurants and stores are still open as are the trails.  The days are warm with cold, crisp nights and mornings.

Last year at this time the street was painted blue and 1,000 winners were here celebrating Whatever USA! – what a difference a year makes!  This year it is Labor Day weekend and we are bustling with the People’s Fair and sidewalk sales happening on Elk Avenue.  The West Elk Classic road biking race from Gunnison to Crested Butte (the long way – 135 miles!) and the Summer Grand Traverse run & bike race are happening for those more inclined to extreme exercise.  The sun is shining in between some rain showers and smiles are showing up on every face.

El Nino is happening in the Pacific and there are varying predictions as to what that will mean for our ski season.  It could be a “Godzilla” El Nino which would bring big snow to us, but you never know.  Our thoughts are turning towards winter and hoping for a lot of snow!

Please don’t hesitate to contact me if I can be of assistance.  Enjoy your fall!

 

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