Crested Butte, CO Real Estate News

By Channing Boucher, Crested Butte's Trusted Real Estate Advisor
(LIV Sotheby's International Realty)
Unbelievable and something none of us expected, the 2020 real estate market in Crested Butte turned into our biggest year ever with total sales volume reaching $400 million. The last time the market behaved like this it was 2005. The ski resort sold the year prior and a new wave of people came to our valley and bet big on the future of Crested Butte. Then the financial meltdown in 2008 stopped everything. Fast forward to 2020. The year started flat. Q1 was fairly quiet with only $20 million in sales through March 1st. Folks were talking election year politics and the end of the bull market as reasons to hold off investing in Crested Butte real estate. Some people questioned the motives of Vail Resorts and if their presence as the new operator of the ski resort would cause our market and...
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By Channing Boucher, Crested Butte's Trusted Real Estate Advisor
(LIV Sotheby's International Realty)
Just sold it in Crested Butte. The sale represents the all time high price fetched in the town limits for a homesite beating the old record by $1 million.  .22 Acres. Sale price was $2,279,500. Learn More >The only remaining undeveloped homesite on Butte Avenue west of the footbridge and one of the very best locations in town, 305 Butte Avenue features dramatic and forever protected views of Red Lady, the Paradise Divide, Gothic Mountain, Whiterock Mountain, the top of Teocalli Mountain and Mt. Crested Butte. This highly coveted stretch of Butte Avenue in the northwest section of town is home for many of Crested Butte’s amazing properties. Bigger than typical Town homesites, this larger 9,375 sft. parcel gives you the proper amount of space to max out a new mountain home and provide roo...
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By Channing Boucher, Crested Butte's Trusted Real Estate Advisor
(LIV Sotheby's International Realty)
Visit Site: http://crested-butte-real-estate.com/gunnison-crested-butte-airport-granted-millions-in-covid-funds/The Gunnison-Crested Butte Regional Airport was awarded $18 million last week as part of federal relief package to eligible U.S. airports. The funds were issued through the Coronavirus Aid, Relief, and Economic Security (CARES) Act to keep airports poised for a return to normal activity by supplementing lost revenue, keeping staff employed and keeping airport improvement projects on track during the COVID-19 crisis. The large allocation means other entities in the county will save money previously committed to the airport’s renovation plans, as well. Gunnison County’s airport received the third largest sum in the state.Airport manager Rick Lamport says the funds were granted w...
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By Channing Boucher, Crested Butte's Trusted Real Estate Advisor
(LIV Sotheby's International Realty)
Greetings from Crested Butte,It is no longer a secret that Upper East River Valley residential real estate prices are rising and it is getting expensive to buy a house or condo here. What many don't know about our local market is the opportunity to buy land including subdivision homesites, larger acreage and ranch land offerings. Today, our market's best value proposition is unimproved land. Obviously you'll need to build a house to complete the process but when you receive that certificate of occupancy you'll likely have an asset with solid equity built in.Why is purchasing land a great play in the Crested Butte area? Land values have not rebounded like home values. With the exception of the Town of Crested Butte where land values are the highest they've even been due to absolute scarc...
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By Channing Boucher, Crested Butte's Trusted Real Estate Advisor
(LIV Sotheby's International Realty)
Happy New Year from Crested Butte,Where are all the new or updated homes and condos for sale? It is true our local real estate market continues to perform in an impressive manner but the storyline from 2019 is all about the rising yet unmet demand for "new" and "updated". Today's Crested Butte home buyers are shopping but not exactly finding what they are looking for. What is missing from our marketplace? Newly built or expertly remodeled homes and condos with fresh interior designs, modern materials and layouts. Yes, there is plenty of construction going on around the valley. But much of the build activity today involves custom homes for individuals. Demand for custom homes is so strong that local contractors are breaking ground during winter, pouring foundations and framing buildings ...
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By Channing Boucher, Crested Butte's Trusted Real Estate Advisor
(LIV Sotheby's International Realty)
Wow. What an opportunity! They don’t make log homes like this one anymore and you won’t find property with acreage, privacy and proximity to town and amenities like this anywhere else in our valley. Located just a few minutes from the historic Town of Crested Butte and world class winter sports at Crested Butte Mountain Resort, Red Feather Ranch is the offering you’ve been waiting for. Handcrafted on site from salvaged, standing-dead Engelmann Spruce logs harvested in Colorado and Utah, the stunning 4,756 SF ranch home sits on a private 6.25 acres and enjoys captivating panoramic views of Mt. Crested Butte, the Paradise Divide, Whetstone and Emmons. Featuring five bedrooms and five baths, the property will accommodate your family and friends in style and comfort for years to come. The d...
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By Channing Boucher, Crested Butte's Trusted Real Estate Advisor
(LIV Sotheby's International Realty)
Greetings from Crested Butte,Thankfully, the snow has arrived in our valley and the ski resort is preparing for opening day on November 27th and the Thanksgiving Holiday. People that live in ski towns get emotional over things like the promise of another ski season, snow totals on the Pow Cam (6 inches this morning), and long lift lines. People also get emotional over things like jobs, wages and affordable housing. In Crested Butte, emotions are running high. Housing is getting expensive again and more people than ever want to make a life here.It was not that long ago the local housing market was digging out of that nasty multi-year recession. From  the crash in 2008 to 2012 we struggled to sell anything to anyone. Our sales volume was as low as investor confidence. In 2012 our total re...
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By Channing Boucher, Crested Butte's Trusted Real Estate Advisor
(LIV Sotheby's International Realty)
Read this Newsletter with Featured ListingsGreetings from Crested Butte,Our summer season has ended but these September days are still warm, sunny and brilliant. For many, this is the best time of year to be in the Butte. The mid-summer visitors are gone making the trails, peaks, campgrounds and restaurants way more user friendly for locals and guests alike. And, the promise of a fast approaching ski season energizes all of us with excitement. Vail Resort’s Epic Pass is on sale now. If you haven’t purchased a ski pass for this season head over to the Epic Pass site now. Their prices go up as we get closer to opening day. Vail offers a variety of pass options so take advantage now. Paying walk up window lift ticket prices is painful.Looking back, the summer selling season started off wit...
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By Channing Boucher, Crested Butte's Trusted Real Estate Advisor
(LIV Sotheby's International Realty)
JUST LISTED IN CRESTED BUTTE.Crested Butte’s version of leading edge mountain modern design, this recent collaboration between Andrew Hadley Architect and Michael Weil Custom Homes oozes cool, luxe and convenience. Featuring a stunning, seamless mix of steel, brick, hardwood, concrete and clay, the home flows naturally and comfortably from space to space. The desirable traditional floor plan puts the living, kitchen, dining, entryway and a bedroom suite on the 1st level and three more bedrooms including the master suite upstairs. Step into the chef’s kitchen and you’ll be hooked. Features include beautiful soapstone tops, state-of-the-art appliances and eye catching hood and duct work set against a brick wall and impressive structural steel beams.  $2,695,000Click to Learn More >>>
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By Channing Boucher, Crested Butte's Trusted Real Estate Advisor
(LIV Sotheby's International Realty)
Greetings from CB,Wow! What a ski season! With the addition of Crested Butte to Vail Resort’s Epic Pass this year, skiers (actually many skiers) from all over visited us for the first time. I think the resort put on a pretty good show. Almost 200 inches of snow fell after February 1 creating dreamy ski conditions all over the mountain. It is a true blessing from Mother Nature now and for our immediate future. The area rivers, lakes and reservoirs should all benefit from what I assume will be a very robust spring and summer run off.OUR REAL ESTATE MARKETIn 2019, the snow totals skyrocketed but our local real estate market cooled a bit. Year-to-date, the market realized 27 residential sales but a notable $20 million in volume. Another 32 residential properties including condos are under c...
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By Channing Boucher, Crested Butte's Trusted Real Estate Advisor
(LIV Sotheby's International Realty)
Peaks & Valleys - February 2019Greetings from Snowy Crested Butte!When I explain our local real estate economy to inquiring minds I tend to use the "peaks and valleys" metaphor. When you hike, bike, or ski around here you are either going up or going down. Sometimes you hit a flat section but not for very long. Gunnison Valley's real estate market (and our economy) is no different.When Triple Peaks purchased the ski resort in 2004 real estate and tourism were at the bottom of a valley. Before they took over the resort, it was just a friends and family real estate marketplace. People bought houses or built something new because they already had a deep connection to the valley and simply needed a roof over their heads. The economy was soft and harshly seasonal with limited year 'round job...
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By Channing Boucher, Crested Butte's Trusted Real Estate Advisor
(LIV Sotheby's International Realty)
Happy New Year from Crested Butte!The snow gods have blessed our mountains this winter. One of our better starts to a ski season, Crested Butte Mountain Resort has received 81" of snow so far and the skiing has been fantastic during the holidays.The 2018 real estate market in Crested Butte is also blessed. Why? Sales volume was steady but activity included a serious sprinkling of impressive sales price records thrown in to spice things up. With comparable sales numbers to 2017, our local market continues to perform. Investment levels were impressive across the market place and values for residential properties remain strong. No doubt prices for homes and condos are high but there are still opportunities for would-be investors particularly for land and homesite offerings. Read last month...
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By Channing Boucher, Crested Butte's Trusted Real Estate Advisor
(LIV Sotheby's International Realty)
Sold it in Crested Butte this week. When homes are designed and built this well crazy things happen. 501 Gothic just fetched the highest price ever paid for a home located in the town limits of CB. Congrats to everyone that played a hand in creating and selling this fine property. Sale Price: $3,850,000.Learn more about this incredible home here >>> 
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By Channing Boucher, Crested Butte's Trusted Real Estate Advisor
(LIV Sotheby's International Realty)
Pleased to promote the successful closing of one of my highest profile listings and one of Crested Butte's nicest development opportunities.  A premier address and stunning location in Crested Butte, 7 Aspen Hill Road is perched above the historic west end of town. Featuring commanding views of the mountains and the town below, this .26 acre homesite is the perfect setting for your family’s new mountain home. This special property’s privacy and seclusion is matched by its convenience to town. It is just a 5 minute walk to Elk Avenue dining, shopping and nightlife and Woods Walk and the Lower Loop ski and hiking trail system is even closer! The property borders the open spaces of the 71 acre Trappers Crossing parcel to the south and the 1.6 acre open space of the Treasury Hill Associatio...
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By Channing Boucher, Crested Butte's Trusted Real Estate Advisor
(LIV Sotheby's International Realty)
Very happy to announce two of my recent luxury home sales in Crested Butte. I represented the purchasers of the beautiful custom log home located at Meridian Lake Meadows. Listed and sold by Crested Butte Sothebys the property comprises 5,244 SF, 5 beds, 5 baths and a 1.49 acre parcel. It sold for $1,850,000.View Listing: http://crested-butte-real-estate.com/homes_for_sale/sold-33-quartz-circle/I sold my exclusively listed property located at the Crested Butte Country Club. The 4,212 SF, 4 beds and 4 bath timber frame home enjoys architectural distinction matched by stunning Paradise Divide views and a private location bordering the open spaces of the Country Club and the 8th fairway. The high quality timber frame in the mountain chalet style offers the perfect setting for year ’round f...
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By Channing Boucher, Crested Butte's Trusted Real Estate Advisor
(LIV Sotheby's International Realty)
Just sold in Crested Butte. My exclusive listing at 608 Nicholson Lake Ridge Road.An amazing new home matched only by an equally stunning location above Nicholson Lake at Alpine Meadows, this is arguably one of the very finest offerings in the upper East River valley. The commanding views of the lake and Mt. Crested Butte are one-of-a-kind. The home enjoys many exquisite refinements including reclaimed flooring, designer lighting, vaulted and beamed ceilings and eye-catching cabinets and vanities.  Sale Price: $2.2M.Learn more at the link: http://crested-butte-real-estate.com/homes_for_sale/608-nicholson-lake-ridge-road-2/
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By Channing Boucher, Crested Butte's Trusted Real Estate Advisor
(LIV Sotheby's International Realty)
Very pleased to announce today's sale of my listing at 22 Teocalli. Located in the highly desirable west end of historic Crested Butte, 22 Teocalli Ave. was move-in ready. This is the 0 Block of Teocalli so its really quiet with no traffic. There is Lower Loop trail access at the end of the dead end street too! Interior highlights include attractive wood floors, reclaimed wall accents, stained glass treatments and a kitchen outfitted in beautiful granite tops, distressed cabinetry with soft-close, and a Dacor gas range, hood and oven. Each of the spacious bedrooms enjoys big closets, natural light and views. The wood deck connects the living room and kitchen to the awesome backyard. There is also a convenient storage garage perfect for bikes, tools and toys and the 520 sf basement could...
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By Channing Boucher, Crested Butte's Trusted Real Estate Advisor
(LIV Sotheby's International Realty)
Just completed by Journeys End Builders of Crested Butte. This Buckhorn Ranch four bedroom home enjoys a primo perimeter location with forever protected views, solar gain and lots of space for the family. The property backs to permanent open space! Interior highlights include wide plank wood flooring with radiant heat throughout and stunning vaulted ceilings anchored by big, exposed wood trusses with eye-catching steel treatments. $1,149,5000http://crested-butte-real-estate.com/homes_for_sale/360-white-stallion-circle/   
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By Channing Boucher, Crested Butte's Trusted Real Estate Advisor
(LIV Sotheby's International Realty)
Just completed by Journeys End Builders and ready to go at Buckhorn Ranch near Crested Butte. This four bedroom home enjoys views, solar gain and lots of space for the family. Interior highlights include wide plank wood flooring with radiant heat throughout the home and stunning vaulted ceilings anchored by big, exposed wood trusses with eye-catching steel treatments. $1,095M.See all the images here: http://crested-butte-real-estate.com/homes_for_sale/333-white-stallion-circle/   
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By Channing Boucher, Crested Butte's Trusted Real Estate Advisor
(LIV Sotheby's International Realty)
Fifteen development parcels, zoned multi-family, located at Buckhorn Ranch near Crested Butte. 72 units are allowed. Can be condos or townhouses in duplex, triplex, quadplex or greater configurations. 8.83 acres total. Individual lots range in size from .25 acres to 1 acre. Water, sewer, power available to each lot line. Recent survey available for review. $2,340,000Learn More at the Property's Website
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