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 Buyers this new website will hold unriveled local and regional information as well as the ability to search the entire Gunnison County MLS. I will continue to make updates to the site over the next couple of months so please check back frequently.
Market in Review: 2009
In 2009, this end of the Crested Butte valley ended up with almost 86 million dollars in sales, which is about 25% down from the year before. The majority of the transactions took place in July, August and September, as can be seen in my Crested Butte Market Recap of 2009. There are also links to a more in-depth look at the transactions for 2009.
Some highlights for the 2009 Market:
•37 Single Family Homes sold at an average of $786,164
•67 Condos/Townhomes sold at an average of $343,335
•18 Parcels of Vacant Land sold at an average of $469,750
•6 Homes sold for over $2,000,000 with the highest value in Mount Crested Butte at $2,872,500
Moving Forward: 2010
Early national indications are that the housing market should be picking up from last year with prices remaining stable. As of January 21, 2010 there are over 19 million dollars of properties under contract. I think that is a good start to the new year! There continues to be great bargains to be had both on the mountain and in town so feel free to contact me with a listing search request. Please take a moment to view my current listings below and read a very important New York Times article on savvy buyers taking advantage of our current market.
Click Here to View Listings
New York Times Article
Best Regards,
Corey Dwan
Benson Sotheby’s International Realty
433 Sixth Street, P.O. Box 210
Crested Butte, CO 81224
970-596-3219 Cell
970-325-3219 World Wide Cell
970-797-1810 Fax
970-349-6653 Office
www.CrestedButteForSale.com
Market Recap of 2009
Market Recap
Quick Links:
Market Analysis
Sold Market
Analysis – 2009
Sold Price
Analysis – 2009
Single Family Homes
Sold Data
Condo/Townhomes
Sold Data
Land Sold Data
Upcoming Winter Events:
Alley Loop Nordic Marathon – February 6
U.S. Extreme Freeskiing Championships – February 17-21
7-Hours of the Banana – February 27
Al Johnson Telemark Race – March 21
Elk Mountain Grand Traverse – March 26-27
Last Day of Ski Season – April 4
Printable Winter ‘09 – ‘10 Calendar
Featured Business
East Side Bistro
Located Next to
Benson Sotheby’s Office
Making the Connection that Makes the Sale
by Iyna Bort Caruso
Call it the X factor — that certain something that makes a distinctive home stand out in a neighborhood full of distinctive homes. It can be as discernible as a luxury amenity or as subtle as a muted design element, yet it has the power to elevate a real estate transaction from a business opportunity to an emotional attachment.
In today’s market, the component that says “choose me” can make all the difference, says David Boehmig of Atlanta Fine Homes Sotheby’s International Realty in Georgia. “In past years, there were just a handful of homes matching a buyer’s specifications. Today there can be dozens. Anything sellers can do to differentiate themselves helps their home create a lasting memory in the mind of the potential buyer.”
In some cases, that differentiator can be a frill a homebuyer wouldn’t think to put on his or her wish list. “A gas lantern outside the front door, for instance, is a little touch that makes the home feel inviting,” Boehmig says.
Click here to read the full story…
Housing Economists: Sales Are on the Rise
by Alex Veiga on January 19, 2010
The housing recovery should gain moment in 2010, but the improvement will still be slow, according to a panel of economists speaking at the International Builders Show in Las Vegas.
“It won’t be a strong recovery, but it will be a recovery,” said David Crowe, chief economist for the National Association of Home Builders.
Crowe forecast that sales of new homes will rise by about 33 percent while resales will go up 7 percent. He expects prices to remain stable in most areas, but some cities may see some slight declines.
“I believe we’ve seen the worst of the house price declines … The stage is set for the consumer to return,” Crowe said.
Benson Sotheby’s Winter Guide – The Collection
SkyWest Magazine by United Airlines
Sotheby’s International Realty – RESIDE