Crested Butte, CO Real Estate News

By Trish Giassa, Crested Butte, Colorado. RSPS
(Homes In Crested Butte)
Luxury Mountain Home in Crested Butte with Unparallelled Panoramic Views An elegant and relaxing home in the highly desirable neighborhood of Gold Link with access to the Gold Link lift and trails in Winter and extensive biking and hiking trail system in the Summer. Majestic panoramic mountain views overlook the oversized .83 acre property and Gold Link open space. 9 Silver Lane in Mount Crested Butte offers three master suites!  All include spacious sitting areas and beautiful custom tile baths with steam showers. The main floor Great Room with soaring ceilings and a gorgeous natural stone fireplace adjoins the top-tier gourmet kitchen. Quality finishes throughout with many custom features: sauna, hot tub, wine cellar, ironwood decks, in-floor heating, Lutron lighting, wired for sound,...
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By Trish Giassa, Crested Butte, Colorado. RSPS
(Homes In Crested Butte)
Crested Butte Real Estate Market Update We're smack in the middle of ski season and if you're not here, in Crested Butte, you should be!  The snow is great, all the lifts are spinning, the runs are groomed - or not - as the case should be, and the sun kisses our smiling faces most days.  Bring the sunscreen! There are only about 7 weeks left to ski season ... make your plans now and visit for a weekend or a week.We have  "screaming deals" and superb homes in every sector.   Whether it's a luxurious mountain home or a fantastic near-the-slopes townhouse, or whatever your preference might be ... I have access to all the Crested Butte area listings - or you can search the MLS yourself in the privacy of your own home.  Allow me to make it easy for you -  let me find the best deals for the p...
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By Corey Dwan, Crested Butte Real Estate Expert
(Crested Butte Collection)
CRESTED BUTTE MOUNTAIN RESORT ANNOUNCES EXCITING IMPROVEMENTS AND CAPITAL PROJECTS FOR THE 2009-2010 SEASON • 2009-2010 season investments focus on guest experience improvements • Resort announces winter season packages promising value and savings CRESTED BUTTE, Colo. – Sept. 8 – Over $315 million has been invested in on- and off-mountain improvements and amenities at Crested Butte Mountain Resort (CBMR) since Tim and Diane Mueller purchased the ski area in 2004. Under the new ownership of CNL lifestyle properties, with the Mueller’s still at the operational helm, the 2009-2010 season is no exception. The Muellers remain committed to evolving the resort in a responsible manner that answers the needs of a growing community and an increasing number of visitors, while respecting the surrou...
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By Corey Dwan, Crested Butte Real Estate Expert
(Crested Butte Collection)
Written by Mark Reaman Wednesday, 03 February 2010 Regionalization of recreation is the key Improving the ice rink facilities in town and looking into building a campground just south of Crested Butte are preliminary recreation priorities for the Town Council. Those two items rose to the top of the Crested Butte council’s wish list in an early review of the Parks and Recreation Master Plan.While the public surveys all point to an eventual swimming pool and indoor recreation center as the top two desires, the council wanted to tap projects that were attainable and timely. They will, however, ask the staff and consulting group conducting the master plan process to continue pursuing ways to eventually build a pool and rec center. During a work session on Monday, February 1, the council li...
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By Corey Dwan, Crested Butte Real Estate Expert
(Crested Butte Collection)
Happy New Year!! Hope each and every one of you had a prosperous and healthy 2009 and may your 2010 be even better. Finally we have seen some snow falling from the sky the last few weeks, and we are smack dab in the middle of another lovely snow storm. This should make for some great turns and powder stashes to be found on the mountain this weekend and beyond. In 2010, I will continue to give those of you I list properties for the best print and online marketing in the Valley.  Check out the new design of my brand new Sotheby’s website as a sampling of some of the changes in design and content that are forthcoming. www.Crested-Butte-For-Sale.com. My site is still under contruction but should be completed soon.  I will announce it’s completition and final web address via email.  For my ...
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By Corey Dwan, Crested Butte Real Estate Expert
(Crested Butte Collection)
By JIM CARLTON CRESTED BUTTE, Colo. -- The promise of new jobs amid a recession is weakening the resolve of some rural residents to keep wildlands from development. That dynamic is evident around this historic mining town of about 1,650, which had long opposed a ski-resort expansion from nearby Mt. Crested Butte to the neighboring national-forest lands of Snodgrass Mountain. The proposal, which has come up several times in the past 30 years, had been repeatedly shot down by locals concerned skiing would ruin the popular hiking and biking area. View Full Image Jim Carlton/The Wall Street Journal A proposal to expand skiing from Colorado's Mt. Crested Butte resort, shown, to nearby Snodgrass Mountain is drawing wide support. But with the downturn, the Snodgrass expansion has been resurrec...
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By Corey Dwan, Crested Butte Real Estate Expert
(Crested Butte Collection)
Published December 2009 See more Condé Nast Traveler articles 2009 Best Places to Ski & Stay in North America 2009 Ski Trends › In our fourteenth annual survey, our readers share their peak experiences—from the mountains that are tops for terrain to hotels that provide the softest of landings It seems that nothing—short of moving the mountains themselves—can slow down skiers and snowboarders. Even with last winter's economic challenges, U.S. ski resorts tallied more than 57 million visits, making it the fifth busiest season on record. Abundant powder is key, of course, but abundant fun depends on much more: well-groomed terrain and spiffy lifts with speedy lines, ample après-ski options, and a comfortable place to hit the hay. For maximum pleasure, from schussing to sleeping, you v...
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By Corey Dwan, Crested Butte Real Estate Expert
(Crested Butte Collection)
By Tim JohnsonSki time The painter A valley drive Gunnison’s attraction Mountain Bike Hall of Fame Where to eat Hartman Rocks, Gunnison. © Xavier Fane. The siren’s blare snapped me out of my daze and back to full attention. I hadn’t run a stoplight or sped past a police car. I was cross-country skiing at the Crested Butte Nordic Center (CBNC), in hopes of giving my legs some relief from a day-and-a-half of downhilling at Mt. Crested Butte. The trail I was on gave me a panoramic view of town, and I expected a flurry of emergency vehicles gassing it toward some calamity. None appeared. The traffic through town continued at its 15-mph posted speed. A glance at my watch finally clued me in: it was the Noon Whistle. I never found out if this was a holdover from the past, signaling lunch for ...
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By Corey Dwan, Crested Butte Real Estate Expert
(Crested Butte Collection)
by Philip Higgs, Contributor, SKI Magazine    One day last April, at dusk, a wide pink cloud began billowing over the town of Crested Butte, Colo. Red desert sands were blowing in from Utah's eastern edge, and the sky had turned almost sepia, as if the Wicked Witch herself were about to broom in at any moment. At The Secret Stash, a niche pizza place at the far end of Elk Avenue festooned with Buddhist prayer flags and floor pillows from Egypt, a few diners and waitresses poked out onto its second-floor back balcony for a look. The dust was turning to hail, then to light snowflakes, then back to dust. Was it a good omen, or a bad one? It was Friday, the first day of the last weekend of the ski season, and the Stash was having an Easter egg hunt the next day in its small back yard, with ...
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By Corey Dwan, Crested Butte Real Estate Expert
(Crested Butte Collection)
Last Friday marked the end of the first decade of the 21st Century. We thought it only proper to recap some of the events, people and issues that shaped the past 10 years in the Gunnison Country. It was an eventful time.   In the year 2000 ...  Despite widespread fears, including locally, that the nation’s technology-dependent infrastructure wasn’t going to be able to handle the rollover to a new millennium, Jan. 1, 2000, came and went without Armageddon-like catastrophe.  At the Times, Steve Reed was the editor, and Paul Wayne Foreman rode shotgun. The Miller family left the funeral business after a 118-year stint — selling the long-standing Gunnison funeral home to Bob LeChot. In January, the Gunnison Valley Economic Development Corp. formed, with Betsy Baier at the helm as executive ...
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By Corey Dwan, Crested Butte Real Estate Expert
(Crested Butte Collection)
Sales hold, prices don't2009 was the year for local 'market correction' in real estateTimes EditorOriginally published 2010-01-28 Working harder to make less. That is an economic phenomenon hitting workers in many industries, all across the country during this recession. And if you gauge it solely by the data, it appears to have rung true for Gunnison County real estate professionals in 2009. They sold nearly as many homes as they did in 2008 (232 compared with 234), but the total dollar volume of those deals dropped 19 percent. The reason, of course, is that prices fell significantly. The average sales price of a home in the Gunnison area dropped 26 percent in 2009 (to $236,194), according to Multiple Listing Service data compiled by Tom Courtney of RE/MAX Community Brokers in Gunnison...
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By Trish Giassa, Crested Butte, Colorado. RSPS
(Homes In Crested Butte)
Crested Butte Real Estate Update - 2009 Sales All in all, 2009 turned out to be a fairly good year for real estate in Crested Butte. Yes, the real estate market started out very weak in 2009, thankfully it did improve and got more interesting as it came to an end. Here are the stats: December closings: 11 Total dollar volume: $7,904,900 Average sales price: $718,627 Average days on market: 350 List price to sales price ratio: 84% Sales over $1 million: 4 (2 in CB and 2 in Mt CB) Sales over $2 million: 1 (12 Anthracite for $2.4 million) The Year-In-Review Stats follow: 2009 Closings: 151  Total dollar volume: $83,391,907 Average sales price: $552,264 Average days on market: 331 List price to sales price ratio: 88% Sales over $1 million: 20Sales over $2 million: 7  Some notable items: 21 ...
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By Trish Giassa, Crested Butte, Colorado. RSPS
(Homes In Crested Butte)
Crested Butte Winter 2010 Calendar of Events There is much to do in Crested Butte, Summer or Winter ... festivals, parades, ski races, snowshoe by moonlight to a gourmet dinner, fantastic shows at the Center for the Arts and on and on.  If you're coming to town and want to know what's going on while you're here, check out the Complete Crested Butte Calendar of Events at my website. Search Crested Butte MLS    Crested Butte Maps           Sign up for a list of Crested Butte Foreclosure Properties  
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By Trish Giassa, Crested Butte, Colorado. RSPS
(Homes In Crested Butte)
Crested Butte is a Top Ski Destination says Woman's Day Magazine.  It's an honor to be counted among famed and beautiful resorts like Chamonix.  Yes, Crested Butte was chosen because of not only its ski mountain but also because of the friendliness and guest services!    Read the complete article HERE. Real estate in Crested Butte is still affordable.  Visit Homes-in-Crested-Butte.com to search Crested Butte MLS free or see our featured listings of Crested Butte Homes.
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By Channing Boucher, Crested Butte's Trusted Real Estate Advisor
(LIV Sotheby's International Realty)
Hello from Snowy Crested Butte,Conde Nast Magazine's Reader's Choice Survey for the Best Places to Ski and Stay in North America 2009 resulted in a great ranking for Crested Butte. Readers ranked Crested Butte 12th overall.Ski resorts were rated on a five-point scale: excellent, very good, good, fair, or poor on the criteria of Terrain & Conditions, Lifts & Lines, Après-Ski/Activities, Local Dining, and Local Ambience; ski hotels were rated excellent, very good, good, fair, or poor on the criteria of Rooms, Service, Dining/Food, Location, Overall Design, and Activities/Facilities. Criterion scores, which represent the percentage of respondents rating a ski resort or hotel excellent or very good, were averaged to determine the overall score. Only ski resorts and hotels that received a re...
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By Channing Boucher, Crested Butte's Trusted Real Estate Advisor
(LIV Sotheby's International Realty)
Happy New Year from Snowy Crested Butte!In spite of global economic conditions and the highly publicized bankruptcies of western U.S. ski resorts including Tamarack in Idaho, the Yellowstone Club, and Moonlight Basin in Montana, Crested Butte appeared to weather the financial storms of 2009. Christmas ski vacationers poured into town this month, the snow has been good and our real estate market scratched and clawed its way to almost $90 million in total sales.2009 in our little ski town will be remembered for some high flyer real estate transactions, community-wide turmoil over the National Forest Service's rejection of CBMR's plan to expand its resort onto Snodgrass Mountain and today's announcement in the Crested Butte News that the proposed Foothills Annexation is now off the table, ...
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By Diane Aronovic, Real Estate is an investment,choose a professional
(Red Lady Realty)
The Obama administration has put $75 billion towards helping homeowners avoid foreclosures through its loan modification program. Unfortunately, it doesn't seem to be working as well as it may have sounded on paper. The program tries to encourage lenders to modify existing mortgages by paying them $1000 for each modified loan and a further $1000/year for another 3 years if the borrower avoids foreclosure during that time. This program was based on the assumption that homeowners would prefer to stay in their homes as long as they can make the monthly payments. It seems to me (and this position has been taken by Warren Buffett as well) that the problem is not the home's value, but the homeowner's ability to pay the monthly bills. Wouldn't this $75 billion be better spent creating jobs or ...
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By Channing Boucher, Crested Butte's Trusted Real Estate Advisor
(LIV Sotheby's International Realty)
Hello from cold and sunny Crested Butte Colorado!As we head into the 2009-2010 ski season in Crested Butte, it's time for a little market recap and "look back" at this year's sales data and how it compares to previous years. The numbers don't lie.While we have experienced some record breaking sales for homes in our valley this year it is obvious that the real estate market is depressed. Prices went down and the number of transactions across all categories of our real estate is lower than previous years.Still, demand exists for our offerings and buyers appear to be taking advantage of lower prices and a huge inventories of homes, condos and vacant land. These documents were prepared by Benson Sotheby's International Realty representatives. They are in a printable, downloadble PDF format....
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By Trish Giassa, Crested Butte, Colorado. RSPS
(Homes In Crested Butte)
Crested Butte Real Estate Market Update & Information Alas, Summer is over in Crested Butte and we've managed to do a good bit of catch-up on the real estate sales end.  The first few months of the year were dismal in sales, but recent months have been stronger d showing some remarkable sales which show that there are buyers understanding value, both in real estate and lifestyle.Of the 22 closed sales in the month of September for a total of $11,951,600.  Here is an overview and some highlights: ...2 sales in CB South: 99 Cascadilla with nearly 2000 sq ft of living space and garage sold for $325,000.  A mere $172/sf!  and 123 Huckeby, single family with over 2000 sf sold for $154/sf or $330,000.  This was a bank-owned home and an amazing deal!... 5 condos and homes sold in town of Crest...
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By Channing Boucher, Crested Butte's Trusted Real Estate Advisor
(LIV Sotheby's International Realty)
View September 2009 Newsletter (HTML)Happy Fall from Crested Butte! Supplies of Crested Butte homes and land for sale are as high as they've ever been and in spite of improving demand for area homes and condos and a record breaking home sale, buyers are seeking and getting good deals on our real estate. There are 695 homes and condos for sale and 427 listings for land and ranches for sale from Almont north to Mt. Crested Butte. After a very slow start to 2009, many sellers faced facts and prices began to fall. By mid-summer, it seemed like a "buy button" was pushed, shoppers became purchasers and our market gained momentum. Of the 98 homes and condos sold so far this year, 60 of these deals occurred after July 1. (There are an additional 30 homes and condos currently under contract.) By...
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