December 2018 Newsletter

Crested Butte Collection Newsletter

December 2018 Edition

We would like to welcome Stacey Schultz, a licensed real estate broker, to the Crested Butte Collection team. Stacey brings with her a wealth of knowledge in marketing and design, in addition to an extreme passion for the area. As a market leader in the Crested Butte real estate market and all of Gunnison County, our clients benefit from a team that can provide 360 degree service in all the aspects of buying and selling property. More exciting news to come next month!

The holiday season is upon us and historic Elk Avenue and downtown Crested Butte is looking very festive. Christmas came early for many with 20 inches of new snow falling over the Thanksgiving holiday, making for one of the best opening days Crested Butte Mountain Resort has seen in years. 

Local restaurants and shops are gearing up for a busy winter season, many opening back up for business this week. Be sure to check out the tasty winter menus and holiday specials by visiting our local restaurant page.

As we head into December, we want to wish you and yours a very happy holiday season!

If you’re looking to preview and purchase a property that interests you, please contact us anytime. You can search all Crested Butte inventory by clicking here. 

Current Market Conditions

As the snow starts to fall throughout the valley, we are seeing a bit of a break in what has been a very busy off-season. There are currently 8 single family homes over $1 million under contract, 9 less than last month. Condos and properties under a million remain in high demand and continue to go under contract quickly.

Currently there are 17 single family homes on the market in the town of Crested Butte, down three from November. Mt. Crested Butte has 22 active homes, up one from last month. Mt. Crested Butte condo inventory is starting to rise a little with 45 active condos and town homes on the market, up five from November. Rural Crested Butte inventory has not changed much from November with 12 condos and town homes and 53 single family homes on the market. Crested Butte South continues to have extremely low inventory with 5 single family homes and only 10 condos/town homes available.

We experienced 29 single family home and condo sales in the upper valley in November, up from 25 the previous month, totaling $24,540,500. Sales ranged from a Grand Lodge condo selling for $173,500 to a beautiful five bedroom home Crested Butte home on the East River selling for $1,970,500.

Land sales remained strong throughout the off-season with 14 sales in November totaling $4,137,300. Two of of those sales were 35+ acres.  

Town Tidbits

For the first time in many years, Crested Butte Mountain Resort had the Paradise Lift spinning for Opening Day. Our incredible snowmaking crews have worked day and night since Halloween making this opening day one of the best we have seen. With additional storms stacking up we are seeing more and more terrain opened each week.

Don’t miss the Light Up Night on the Mountain, Saturday, December 8th. Santa will be there to sprinkle his “magic dust” on the tree at the annual tree lighting ceremony. Bundle up and bring the little ones for photos with Santa.

Crested Butte Mountain Resort is hosting their 6th Annual Santa Ski & Crawl on Saturday, December 15th. Help try and break our previous World Record of 827 skiing Santas, set in 2015. Don’t have a season pass? Don a full Santa suit and ski for just $40 that day.

Click here for more December events. 

In the News 

Town of CB Grappling with Formula Businesses
Chamber of Commerce Winter Forecast Up in the Air
RMBL Approved to Host Groups of 75 in Gothic During Winter
Mt. CB Season Pass Admission Tax in Question with Vail Takeover
On the Issue of Elk Avenue Snow Banks: Council in a Holiday Mood
Gunnison Valley RTA is Expanding Bus Service in the Valley this Winter
Lottery for Deed Restricted Town Housing and Lots is Rolling
Major Property at the Base of Snodgrass is Under Contract
Gunnison Forest Service Ranger Gives Insight on Vail
Mt. CB Signs Contract for Homestead Affordable Housing
County Decides Not to Pursue Appeal in Federal Sage Grouse Decision

For more community news visit our Community Blog.

Exclusive Offerings

6475 County Road 740
Crested Butte
5 bed | 2.5 bath | 4,323 sq ft
35.90 acres | $1,995,000

Black Bear Lodge, 208
Mt. Crested Butte
3 bed | 3 bath | 1,607 sq ft
Condo | $875,000

Thanks for reading today! Please feel free to forward along to anyone you might think interested.

Corey Dwan – Realtor
Crested Butte Collection
211 Elk Avenue | PO Box 1788
Crested Butte, CO 81224
970-596-3219 mobile

crestedbuttecollection.com