Crested Butte Real Estate Market Update 8-13-10
By Corey Dwan, Crested Butte Real Estate Expert
(Crested Butte Collection)
Hi Everyone, Happy Friday the 13th! It has been a great summer so far in the Crested Butte real estate market. With Crested Butte Mountain Resort's hotel and condo occupancy for July up 25% over last summer and lift ridership up 21% it is evident this has had a dramatic impact on real estate sales. In the Lodge at Mountaineer Square, one of the hardest hit new developments on the mountain in recent years, has seen nine sales and currently has another eight residences under contract for a total potential of $7.995mil of sales. With numerous properties receiving multiple offers and some listings being sold for full price or more it may be that we’ve reached the bottom in this segment of the market. The Tipple House ($4.489mil), 757 Ridge Lane ($2.995mil) and adjoining $800k parcel, 1...
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