Last Great Opportunity in Grand Lodge, Mt. Crested Butte sells for $50,000

Last Great Opportunity in Grand Lodge, Mt. Crested Butte sells for $50,000

Corey Dwan of Benson Sotheby’s International Realty is pleased to announce the last great opportunity in the Grand Lodge has sold. Originally purchased for $143,900 this unit was just successfully sold via short sale by Seller representation for $50,000. This unit represents the last condo in the Grand Lodge in the $50k price range. With only one more unit on the foreclosure list is is evident prices will be on the rise soon. Since the beginning of 2010 23 units have sold in the Grand Lodge many of them foreclosures and short sales. The median price of these sales was $55,000. Following The Lodge at Mountaineer Square and the West Wall Lodge the Grand Lodge now pulls rank with complexes that have all but eliminated their distressed product. This is a milestone for the Crested Butte real estate market as lending loosens, the bargains are purchased and the inventory goes decreases. If you would like to know more about the Crested Butte real estate market whether it is a $50k condo or $3mil single family home with land you are interested in please call Corey today for the most attentive and professional real estate service in the valley.

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