COLLECTION by Benson Sotheby’s International Realty
Collection – Summer 2014
Our newest version of Collection is now on stands throughout Crested Butte and Mt. Crested Butte. In this summer’s version we updated to a completely new, more photo centric design. We focused more on great photography and art and cut down on description text.
We still include our Market Report, which can be read below, our broker contact info, featured events in the valley and all of our exclusive listings. Make sure to stop by our office at 401 Elk Avenue and pick up your own copy or view the electronic version.
Looking over the past year from May 2013 to May 2014, the real estate market was stronger than the prior year over the same time span. The following categories were all up: volume, price and number of properties sold and the average days on market are down: see chart below. Most of this can be attributed to the very strong summer the Crested Butte real estate market had in 2013.
The buying and selling furry during the 2013 summer did taper off as we approached the holiday season. A cold snowy winter kept buyers inside and rumors of the ski area selling to new owners kept sellers in a holding pattern. All of that broke loose during spring skiing. As temperatures rose and all rumors were put to bed, buyers and sellers began to trade properties to create one of the busier springs in recent Crested Butte history.
Our 2014 summer season is scheduled to become one of the busiest we have seen in the last 7 to 8 years. As of June 15th, we already have $35 million worth of real estate under contract. What we already know about Crested Butte is being discovered by more visitors, that is Crested Butte is a diamond in the rough. Values are increasing and time of sale is decreasing. Contact one of our knowledgeable brokers on the next page to learn more about real estate values and trends in the Crested Butte and Gunnison areas.