USA TODAY Destinations Feature

Crested Butte garners national attention again with a USA TODAY article published today spotlighting the authenticity of the area, providing a snapshot of three neighborhoods and featuring The Lodge at Mountaineer Square and The Tipple House.

Writer Larry Olmsted spent three days in Crested Butte recently and gained local market insight from Bo and Trip in the CBMR Real Estate Office. Click here to read the full article. 

 

The launch of the Crested Butte Mountain Club continues its positive traction with over 50 family memberships sold since its inception and great feedback from current members.  With special Club events such as a Uley's Cabin performance by Pete Kilpatrick to weekly First Tracks and Yoga for the Peaceful classes, Club members can look forward to new exclusive events as well as the best offers from the resort and unmatched convenience.  If you haven't seen The Crested Butte Mountain Club yet, we invite you to come see what all the fuss is about.  Call Tarah or Linda at 970-349-4987 to set up a tour.
    

Market News

Over the last year, the Crested Butte real estate market generally saw prices drop and inventory increase; notable sales activity was the result. 

As a case in point, in 2009, of the 43 total condominiums that sold in Mt. Crested Butte, eight were at The Lodge at Mountaineer Square, representing 18.6% of all condo sales in Mt. CB.  It would appear that low prices resulting from CBMR’s March 2009 major price cut catalyzed this activity and drove many of the 2009 sales.  Additionally, CBMR now is offering to cover two years of HOA dues, taxes and contents insurance for sales of its listings in The Lodge per contracts mutually accepted this ski season.  While a nice selection of CBMR listings remains at the Lodge, we’ve witnessed significant interest lately and the premier residences may not last long.

On top of that we’re headed into the busiest time of year.  An analysis over the past five years of residential closings in Mt. Crested Butte shows that there are 55% more sales in March through May as compared to December through January.  In fact, the March to May time period has more sales than any other three month time period.  The main reason is that people who buy generally come early in the ski season to explore their options and then come back in February and March to act on their options, with the resulting closings in the months following.  For these reasons, now is a great time to consider opportunities at The Lodge at Mountaineer Square.

Contact us at info@cbliving.com for more info and to request a current market report.