Crested Butte, CO Real Estate News

By Corey Dwan, Crested Butte Real Estate Expert
(Crested Butte Collection)
Corey Dwan of Benson Sotheby's International Realty is pleased to announce the successful negotiation of this premier hunting and vacation property in Red Mountain Ranch, Crested Butte, Colorado via Buyer representation. 515 Oversteeg Gulch Road is a beautifully built 1872 square foot log cabin home with two bedrooms, huge loft and bonus room downstairs. Located at the base of Red Mountain only 15 feet from National Forest this is arguably one of the best locations on 35+ acres a Buyer could ask for. Listed at $539,000 you'll just have to stay tuned to see how much this rural Crested Butte home sells for. Two Bedroom, Two Full Baths, Fully Furnished, 1872 Square Feet, 35.15 Acres Call Corey Dwan for all of your Crested Butte real estate needs as he specializes in luxury homes and estat...
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By Corey Dwan, Crested Butte Real Estate Expert
(Crested Butte Collection)
Crested Butte Land Sales with Corey Dwan Corey Dwan of Benson Sotheby's International Realty is pleased to announce the successful negotiation of a 42.16 acre parcel 10 minutes outside of Crested Butte, Colorado via Buyer representation. Listed at $125,000 this beautiful piece of land is only a short 10 minute drive to downtown Crested Butte and has unobstructed, commanding views of Red Lady. Building envelope has already been cleared and receives a great amount of southern exposure for passive solar heat. With access to some of the best hunting, hiking and back country skiing anywhere in Colorado this transaction will represent the lowest price a multiple acre lot has sold for in years. Stay tuned for final sales price and get a jump on all of the land deals now available. Call Corey D...
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By Corey Dwan, Crested Butte Real Estate Expert
(Crested Butte Collection)
Winter is coming to an end with one of the warmest spring skiing months of March on record. Come out and enjoy the last few days of beautifully sunny days before the snow is gone. The famous Al Johnson race is this Sunday so don't miss it. Cheers, Corey Search for Crested Butte and Gunnison Real Estate Corey Dwan - REALTOR Benson Sotheby's International Realty P.O. Box 210 433 Sixth Street Crested Butte, CO 81224 970-596-3219 Cell 970-797-1810 Fax www.CrestedButteForSale.com MARCH 2012 1                         Learn to Skate Ski for Free!, Crested Butte Nordic Center 1 – 31                        “Green” Juried Art Exhibition, Gunnison Arts Center 2                        First Friday Gallery Crawl & Music, Various Galleries & Locations, Gunnison 2 – 3                        Crested B...
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By Corey Dwan, Crested Butte Real Estate Expert
(Crested Butte Collection)
Corey Dwan of Benson Sotheby's International Realty is pleased to announce the successful negotiation of another Crested Butte single family home. Offered for $830,000 705 Teocalli represents only the second home in Crested Butte in this price range to go under contract in recent times. A few days ago another home in this price range, 217 Gothic, went under contract as well. With only one sale in the $600,000 to $900,000 single family home price range in the town of Crested Butte all of last year this deal and 217 Gothic represents the start of movement of mid-priced Crested Butte homes. Last year six Crested Butte homes sold under $600,000 and 10 sold over $900,000. Forecasting an extremely mild and early summer I have feeling this will be the busiest summer for real estate sales in G...
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By Corey Dwan, Crested Butte Real Estate Expert
(Crested Butte Collection)
The Crested Butte Connoisseur Brought to you by Corey Dwan of Benson Sotheby's International Realty Click Here for Full Newsletter Hi Everyone, Happy Leap Day! Hope you enjoyed your extra 24 hours today. Winter has finally been kind to us bringing many new inches of snow on the mountain. In the last week we have received 17" of the light fluffy stuff allowing us to have 98% of the ski terrain open. Ironically we have had spring like skiing conditions in between storms making for the most comfortable mid-winter skiing environment we have seen in years. So if you haven't made plans to come during Spring Break, make them now as our little mountain town will inevitably give you some incredible skiing days. There is a lot happening in March, see below, so don't miss everything Crested Butte ...
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By Channing Boucher, Crested Butte's Trusted Real Estate Advisor
(LIV Sotheby's International Realty)
I am pleased to announce two successful real estate closings this month in Crested Butte Colorado. We are seeing a serious spike in home and condo buying in our local market. View this month’s edition of the Crested Butte Real Estate Advisor Issue #2. Scarcity is starting impact the market in key locations and average sold prices and average sold prices per square foot are rising in places like Crested Butte South, the Town of Crested Butte and Mt. Crested Butte. My two recent sales are reflective of this trend. Additionally, pent up demand for our real estate is creating bidding war situations on certain property types. I sold the 3 bedroom townhome pictured below last week. It is located at 311 Cement Creek Road in Crested Butte South. It was a bank owned REO that hit the market in Ja...
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By Channing Boucher, Crested Butte's Trusted Real Estate Advisor
(LIV Sotheby's International Realty)
View Newsletter in a Browser The local Crested Butte real estate market continues to improve. It is still early in the new year but the promise of a solid season of real estate investment is looking good. We are trending upwards in sales volume and average sold prices are actually rising in all areas around our valley. Our sales volume has already tripled versus last year during the same timeframe and the number of transactions is up 35%.After surpassing $100 million in sales during 2011, most of it coming during the second half of the year, our market momentum continues with buyers stepping up significantly during this historically slow time for real estate sales.During the first 7 weeks of the new year, 22 homes and condos have already sold ($14.5 million) and another 30 properties ar...
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By Corey Dwan, Crested Butte Real Estate Expert
(Crested Butte Collection)
  Corey Dwan of Benson Sotheby's International Realty is pleased to announce the last great opportunity in the Grand Lodge has sold. Originally purchased for $143,900 this unit was just successfully sold via short sale by Seller representation for $50,000. This unit represents the last condo in the Grand Lodge in the $50k price range. With only one more unit on the foreclosure list is is evident prices will be on the rise soon. Since the beginning of 2010 23 units have sold in the Grand Lodge many of them foreclosures and short sales. The median price of these sales was $55,000. Following The Lodge at Mountaineer Square and the West Wall Lodge the Grand Lodge now pulls rank with complexes that have all but eliminated their distressed product. This is a milestone for the Crested Butte r...
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By Corey Dwan, Crested Butte Real Estate Expert
(Crested Butte Collection)
  Corey Dwan of Benson Sotheby's International Realty is pleased to announce the successful sale of one of his Crested Butte single family home listings. Assisting both Buyer and Seller Corey managed to sell this quaint Crested Butte home sold for $438,000. Listed for an asking price of $475,000 this sale price represents an almost 8% discount for the Buyer and a satisfactory selling price for the Seller. 116 Whiterock Avenue has three bedrooms, one full bath and 1460 sq. ft. and an extra large lot with plenty of room to expand. Corey is currently the number one Crested Butte Realtor for the amount of Crested Butte area transactions in 2011. Corey is personally invested in Crested Butte real estate and is bullish on the Crested Butte market from the perspectives of both a real estate a...
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By Corey Dwan, Crested Butte Real Estate Expert
(Crested Butte Collection)
  Corey Dwan is pleased to announce the successful sale of this beautiful Robert Trent Jones, Jr. Golf Course frontage lot. 525 Country Club Drive, a bank owned parcel, just sold for an amazingly great price of $145,000. With some sales of similar lots at the height of the market well over $500,000 this sale definitely represents a great opportunity for this buyer. Land values have been the hardest hit in this recent economic downturn, much more than the condo market. For summaries of the Crested Butte real estate market please visit my newsletter The Crested Butte Connoisseur. There you will find that land sales are on the rise representing a 45% increase over last year alone. Please call Corey Dwan for all of your Crested Butte real estate needs. Corey is currently Benson Sotheby's I...
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By Corey Dwan, Crested Butte Real Estate Expert
(Crested Butte Collection)
The Crested Butte Real Estate and Community Newsletter Brought to you by Corey Dwan of Benson Sotheby's International Realty Hi Everyone, I hope you had a great New Years! On the mountain we had a terrific fireworks display and torchlight parade of which you can see a time lapse video by clicking here. For those of you who managed to make it to Crested Butte over the holidays you enjoyed warm, sunny days on the slopes. To be honest it felt more like spring skiing than the start of winter. After six really good years of snowfall we were off to a rough start, but as with many winters in the Colorado Rockies they can arrive late and with a vengeance! Despite the slow start to the season everyone was enjoying the perfectly groomed slopes, sun and warm temperatures. With a vengeance winter h...
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By Corey Dwan, Crested Butte Real Estate Expert
(Crested Butte Collection)
2012 Crested Butte Community and Event Calendar JANUARY 2012 1                          New Year’s Brunch at the Yurt, Crested Butte Nordic Center’s Magic Meadows Yurt 2 – 9                         College Week, Crested Butte Mountain Resort 2 – 31                        “Apartheid’s Ghosts: The Faces” Black & White Photography by Enid Holden, Gunnison Arts Center 4,11,18,25            Wednesdays at Western State College, Different Activities/Topics Weekly, Gunnison Valley 4 – 7                        High Adventure Camp - Teens with Amputations & Limb Differences, Adaptive Sports Center & Crested Butte Mountain Resort & Ouray 4, 11, 18, 25            Acli-Mate Wednesday FUN Races (obstacle courses, sprints and mores, something different on skis each week), Jorgensen Park, Gunnison 5  ...
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By Channing Boucher, Crested Butte's Trusted Real Estate Advisor
(LIV Sotheby's International Realty)
View Channing Boucher's Newsletter OnlineReal Estate Market Momentum for 2012If the real estate market momentum we realized in 2011 is any indication of what we can expect this year, 2012 will be a good year for the Crested Butte real estate market.Consider the following:In 2011, the single, highest residential real estate sale we realized in Crested Butte was $3.125 million. This sale marked the first time since June 2007 the $3 million threshold was cracked for a home purchase at this end of the Upper East River Valley.Also in 2011, we realized over 220 sales of homes and condos from Crested Butte South to Mt. Crested Butte. This is a jump from 143 total sales in 2010. We passed $105 million in total sales volume - the first time we've done that since 2008. And, we hit this mark with ...
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By Corey Dwan, Crested Butte Real Estate Expert
(Crested Butte Collection)
  Corey Dwan of Benson Sotheby's International Realty is pleased to announce that by assisting both buyer and seller he has managed to negotiate an agreeable sales price for 116 Whiterock Avenue, Crested Butte, Colorado. This cute 1460 square foot single family home is located on an extra large 7500 square foot lot allowing for up to 3500 total square feet to be built. With the addition of a comfortably sized garage over 2500 square feet can be added to the main home. Situated on the quiet side of Whiterock Avenue but only a few homes away from the Mt. Crested Butte bus service this Crested Butte home has three bedrooms and one bath. Due to close soon, stay tuned.   Call Corey Dwan for all of your Crested Butte real estate needs as he specializes in luxury homes and estates, ranch and ...
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By Corey Dwan, Crested Butte Real Estate Expert
(Crested Butte Collection)
                                                                                                                                                                                                                 December, 2011 Issue    The Crested Butte Real Estate and Community Newsletter Brought to you by Corey Dwan of Benson Sotheby's International Realty Hi Everyone, Thank you for giving me the opportunity to work with you this year and keep you updated on the Crested Butte real estate market. It has been an honor and a most valuable experience for me. I wish you abundance, happiness and a new year filled with hope. Happy Holidays and I hope to see you in Crested Butte this winter! Watch for my newsletter at the beginning of January with the year-end totals. For now just enjoy some re...
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By Corey Dwan, Crested Butte Real Estate Expert
(Crested Butte Collection)
  Corey Dwan of Benson Sotheby's International Realty is pleased to announce the sale of his listing 14 Alpine Court, Crested Butte, Colorado. Located in the beautiful Skyland River Neighborhood this duplex lot with deeded fishing rights went for an incredibly low sale price of $37,500. Corey represented both buyer and seller of this bank owned parcel. This sale is the final bank owned land parcel in the neighborhood. This was a "Can't go wrong purchase" as it would be hard for the buyer to lose money on this incredible opportunity.   Listed for $39,900   Call Corey Dwan for all of your Crested Butte real estate needs. Born of the storied auction house, Benson Sotheby's International Realty continues to provide exceptional service and astute valuation for many of the world's finest and...
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By Channing Boucher, Crested Butte's Trusted Real Estate Advisor
(LIV Sotheby's International Realty)
View Complete Newsletter Here   Happy Holidays,This holiday season, folks in Crested Butte have additional reasons to celebrate! 2011 will be remembered as the year real estate investment and tourism came back to life in Crested Butte. Year to date, 199 properties have sold in the Upper East River Valley. We are on track to break $100 million in sales from Crested Butte South to Mt. Crested Butte. This is a threshold we haven't reached in over 3 years.The Town of Crested Butte reports an overall 7.5% increase in sales, lodging and restaurant tax revenues, reaching the best revenue totals we've seen since 2008! View 2011 sales tax breakdown (PDF). Up in Mt. Crested Butte the news is just as good. This past July, the town of Mt. Crested Butte collected $136K in revenues on more than $2.7...
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By Corey Dwan, Crested Butte Real Estate Expert
(Crested Butte Collection)
The Crested Butte Real Estate and Community Newsletter Brought to you by Corey Dwan of Benson Sotheby's International Realty For the full newsletter click here. Hi Everyone, Today is opening day at Crested Butte Mountain Resort and everyone is skiing free as CBMR celebrates their 50th Birthday. With recent snow, consistent snow making, a high of 45 degrees with sunshine, today is going to be a truly great day on the mountain. A special thanks goes out to all of my clients that have purchased or sold property in the last few years as you have made me one of the most successful real estate agents in the valley. I was the seventh highest producer out of 168 agents last year and with 29 transactions completed this year I expect to fair even better. I can truly say that it has been an absolu...
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By Corey Dwan, Crested Butte Real Estate Expert
(Crested Butte Collection)
  Corey Dwan of Benson Sotheby's International Realty is pleased to announce yet another parcel of land going under contract. Via Buyer and Seller representation Corey has put this very affordable duplex lot in contract. With a quick close of only two weeks this is just one more sign that the fire sales are being picked up as fast as they come on the market. This is a great investment property in the Skyland River neighborhood in rural Crested Butte. Large, corner, duplex lot facing Mt. Crested Butte that enjoys fishing rights on the Slate River and unsurpassable views of Mt. Crested Butte, Whetstone Mountain and Red Lady. Easy access to the Robert Trent Jones Jr.Golf Course, biking, hiking and the town of Crested Butte. Get this one quick as it won't last at this price. List price of ...
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By Channing Boucher, Crested Butte's Trusted Real Estate Advisor
(LIV Sotheby's International Realty)
View This Month's Crested Butte Real Estate Adviser Issue #9 OnlineGreetings from Crested Butte, The narrative is changing in Crested Butte. This summer’s tourism season was a record breaker. Sales, lodging and restaurant tax collections were way up and the number of visitors to our valley spiked like the thermometer in Texas and Oklahoma.  Custom homes starting popping up out of the ground and one of the first spec homes we’ve seen in years is under contract before it is finished. Sales of existing homes climbed in all categories and certain locations and now folks are talking in terms of a real economic rebound in Crested Butte. For portions of the Crested Butte real estate market, it is still very much a buyer’s market. Right now, home sites at Buckhorn Ranch (five minute drive to to...
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