real estate overview
Crested Butte
PRESENTED BY BENSON SOTHEBY’S INTERNATIONAL REALTY
“Village Houses” by Hamish MacEwan
2011 Market Report 2011 has been a great year for Crested Butte with a 35% volume increase over 2010 with Benson Sotheby’s International Realty sales exceeding that average with a total increase of 61% year to date. These figures are being driven by decreasing home costs from our peak in 2006. Clients are recognizing the incredible values in condominiums, homes, ranches and land making Crested Butte one of the most affordable all around resorts in the west. We appear to be at the bottom or now slightly rising out of those depths with the majority of foreclosures selling quickly and the inventory replacement much slower and at more aggressive prices. Indicators that the Crested Butte market has begun to rebound from the 2008 to 2010 decline are that inventory is down, real estate sales have increased, the distressed properties are diminishing, room reservations are up and sales tax revenues have increased for Crested Butte and Mt. Crested Butte.These signs all point to a positive future and that there are still gains to be made for our current buyers looking for “bargains” in Crested Butte. Our ‘Real Estate Overview’ gives you a sampling of some of the properties we have listed in the Crested Butte area. Make sure to find our free winter catalog of listings, ‘The Collection’, throughout the towns of Crested Butte and Mt. Crested Butte. ‘The Collection’ is a comprehensive catalog of our current listings including homes, condominiums, ranches and land in and around the Crested Butte and Gunnison valleys.
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