Crested Butte’s Housing Crisis

The Timbers condo complex with Mt. Crested Butte in the background.

Crested Butte’s Housing Crisis

Crested Butte’s housing crisis seems to have reached it’s all time high. When I moved here in 2005, the top of the last real estate market, I clearly remember the high cost of living as demand for rentals was extremely high. But I also remember a couple years later the market softened and it got harder and harder to find tenants. This time around though it does feel different as there is absolutely nothing left to rent in the upper valley. Mark Reaman, longtime editor of the Crested Butte News comments on the situation. “It isn’t just affecting the blue-collar ski bum/service worker types,” he writes. “Professionals and their families are feeling the crunch. It is darn difficult for anyone to get a place.” Click here for that article.

The demand for affordable housing has never been stronger as demonstrated by the near sell out of the Timbers project on Mt. Crested Butte. Since it’s offering earlier this year, 25 of the 44 units have already been reserved with another 10 buyers to go to select their condos. We still have six deed restricted units for locals available ranging in prices from $155,000 to $157,500. Click here for more information and call me anytime.