The Crested Butte Connoisseur January 2013

Happy Winter Everyone!

Winter continues to bless us with more of the white fluffy Colorado snow that we are world famous for. With over 21" in the last seven days we continue to have great conditions on the mountain and temperatures have warmed up so it looks like the bitter cold of January is behind us. If you do not like lift lines, super crowded runs and road traffic I would highly recommend a visit in February so you can "feel like a local" and have Crested Butte to yourself! With the addition of the Coke Zero Bag Jump in the Adventure Park the mountain has become more fun as well for all ages.

Crested Butte Year End Market Update

2012 closed out with strong numbers although not as high as last years sales. We experienced 208 transactions totaling $89,928,030 of which 17 were over $1mil and remaining at an average reduction off list of 9.5%. Another 32 properties are under contract totaling $18,811,300 and many active offers out there so we are off to a great start for the new year. Median price for 2012 rose slightly to $315,700 from $275,000 in 2011 and average reduction off asking price remains 2.5% lower.

Land sales reflected 60 transactions for the year totaling $11,287,500. Four more parcels totaling a mere $287,550 are under contract. For comparison 2011 experienced 55 land sales in the upper valley with a median price of only $82,000 rising to $137,500 in 2012.

Currently 33% of all foreclosures, bank owned and short sale offerings in the upper valley are under contract. These bargains remain the most sought after product on the market as banks will continue to assess values for their current listings from sales of the previous six months. This section of the market has become very competitive as more and more buyers seek out a dwindling supply. Approximately 25% of what was available of these distressed properties at the height of the downturn remain.

Benson Sotheby's International Realty Year End Update

We have settled into our new office located at 401 Elk Avenue, downtown Crested Butte and look forward to the abundant space to better serve our clients and our dramatic increase in business. Below are the totals for the top four brokerages in Crested Butte. These numbers reflect the total number of transaction volume so if both sides of a transaction was realized it counts as double for volume in sales.

Benson Sotheby's Intl Realty: Listing Side: $35,403,400. Selling Side: $25,921,320. Total: $61,324,720
Competitor #1: Listing Side: $16,338,200. Selling Side: $27,297,050. Total: $43,635,250
Competitor #2: Listing Side: $21,045,405. Selling Side: $18,445,548. Total: $39,490,953
Competitor #3: Listing Side: $17,368,365. Selling Side: $16,734,600. Total: $34,102,965

Crested Butte Airline, Lodging and Ski Deals

$699 Fly Ski Stay - includes airline ticket, four nights lodging at the Grand Lodge and 3 days of lift tickets.

Ski and Stay $99 per Person - One lift ticket and one night stay at the Grand Lodge.

Allegiant Two-For-One Airline Tickets: Buy 1 airline ticket, get one FREE! Enjoy direct flights on Allegiant Airlines from Phoenix and Oakland to Montrose and save! Offer ends January 31.

4th Night and 4th Day Free - Stay between now and March 7th, 2013.

Ski with a Legend - U.S. Ski and Snowboard Hall Of Fame inductee Wayne Wong.

Exclusive Property of the Month - A Home Ahead of it's Time

San Moritz Unit I-102 - Mt. Crested Butte

This spacious turn-key condo is located on a quiet ski in/ski out location at the foot of Mt. Crested Butte. A large open floor plan graces this Mt. Crested Butte condo that sleeps six comfortably. Take in the amazing views of the Paradise Divide while enjoying the absolute convenience of true ski in/ski out access, on-site winter shuttle service for owners and guests, hot tub, sauna and wood burning stove. All this and it comes with an on-site rental management office that charges only 19% and only 9% for those bookings you procure. With a beautiful exterior renovation just completed this complex has a very strong rental history and following.

72 Hunter Hill Road, Unit I102, Mt. Crested Butte

72 Hunter Hill, Unit I-102, Mt. Crested Butte

San Moritz Condos - Mt. Crested Butte

Crested Butte in the News

Crested Butte Mountain Resort submits new Master Development Plan - Examiner
Local Leaders Grapple with Airport Closures and Declining Air Program - CB News
"Crested Butte is Enormous" - The Daily Sentinel
Town Council wants Ice Arena Prepped for Large Scale Events - CB News
Planning Commission loves Vision for Gravity Ranch Facility - CB News
Marijuana rule-breaking after Amendment 64 not a problem at resorts, says ski industry group - Latest Word

Current News of the National Real Estate Market

Real Estate Summary of "Fiscal Cliff" Provisions - Realtor.org
Housing to Drive Economic Growth, Finally! - CNN Money
2012 Home Sales: Best in Five Years - CNN Money
Interest Rates: The Big Freeze - CNN Money
Home Building Surges 12% - CNN Money
US $1mil Market Ends 2012 with a Burst of Activity - Luxury Insights
Home Prices Gain for 10th Month in a Row - NBC News

Upcoming Area Events

February 2013

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First Fridays Art Walk & Music, Various Galleries & Locations, Gunnison
Junior Extreme Freeskiing Championships, Crested Butte Mountain Resort
27th Annual Alley Loop Nordic Marathon (various race lengths), Crested Butte
Bearfoot Bluegrass Concert, Crested Butte Center for the Arts
22nd Annual Extreme Freeskiing Championships, Crested Butte Mountain Resort
Learn to Skate Ski for Free! Crested Butte Nordic Center
Cleo Parker Robinson Dance Performance, Crested Butte Center for the Arts
Sleigh Ride Adventure to Uley?s Cabin benefiting Trailhead?s Children Museum, Mt. CB
The Wind in the Willows (musical adaption), Mallardi Cabaret Theatre
Romance in the Rockies, Valley wide
Valentine?s Dinner at the Yurt Nordic Crested Butte Nordic Center?s Magic Meadows Yurt
Theatrical Celebration of Food, Gunnison Arts Center
ArtTalk (free), Art Studio of the Center for the Arts, Crested Butte
Gothic Mountain Tour Presented by the Crested Butte Nordic Center
USASA Slopestyle Competition, Crested Butte Mountain Resort
80?s Party with the Six Million Dollar Band, Crested Butte Mountain Resort
Winter Carnival (fun snow activities for kids), Jorgensen Park, Gunnison
Cocktails & Clay Workshop, Gunnison Arts Center
USSA Dan Prater Memorial Cup Ski Race, Crested Butte Mountain Resort
Full Moon Bonfire (on skis or snowshoes)- Gunnison Nordic Club, Van Tuyl Ranch
Herb Class Series, Organic Sunscreen, Art Studio of the Center for the Arts, Crested Butte
Full Moon Yurt Dinner (Nordic skis/snowshoes), CB Nordic Center?s Magic Meadows Yurt
Moonlight Snowshoe Tours, Crested Butte Mountain Resort
ArtWalk Evening, Studios & Galleries in Downtown Crested Butte

March 2013

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First Fridays Art Walk & Music, Various Galleries & Locations, Gunnison
Move the Butte Presented by Crested Butte Dance Collective, CB Center for the Arts
Wild Wonder, Acrylic Paintings by Carlie Kenton, Crested Butte Center for the Arts
Ski For Hope Nordic Challenge & Ski-a-thon, Crested Butte Trails
Weekend Warriors Ice Fishing Tournament, Blue Mesa Lake, Gunnison
USASA Boardercross, Crested Butte Mountain Resort
7 Hours of the Banana benefit for Adaptive Sports Center, Crested Butte Mountain Resort
Rock n Roll & Classical Music Showdown with Alpin Hong & Crushed Out, CB Center for the Arts
Learn to Skate Ski for Free! Crested Butte Nordic Center
Junior Extremes Freeskiing & Snowboarding IFSA National Competition, CB Mtn. Resort
Sonofagunn Theater Performances, Gunnison Arts Center
Readers Theatre presented by Crested Butte Mountain Theatre, Mallardi Cabaret Theatre
Big Air on Elk Presented by Colorado FreeSkier, Elk Avenue, Crested Butte
FestEVOL Winter Concert, Crested Butte Mountain Resort
ArtTalk (free), Art Studio of the Center for the Arts, Crested Butte
Vagabond Opera, Crested Butte Center for the Arts
Kids Rock Winter Concert Series Aloha in the Butte
Watercolor & Wine Workshop, Gunnison Arts Center
Donavon Frankenreiter Concert, Crested Butte Center for the Arts
The Velveteen Rabbitt presented by PHAMALy, Crested Butte Center for the Arts
39th Annual Al Johnson Uphill/Downhill Telemark Race, Crested Butte Mountain Resort
Full Moon Yurt Dinner (Nordic skis/snowshoes), CB Nordic Center?s Magic Meadows Yurt
Moonlight Snowshoe Tours, Crested Butte Mountain Resort
ArtWalk Evening, Studios & Galleries in Downtown Crested Butte
Elk Mountains Grand Traverse Film Festival, Crested Butte
16th Annual Elk Mountains Grand Traverse, Crested Butte to Aspen
Soul Train Presented by KBUT Radio, Crested Butte
Ruth Moody Band, Crested Butte Center for the Arts
Herb Class Series, Poplar for Pain Relief, Art Studio of the Center for the Arts, Crested Butte

Please Visit My Favorite Art Gallery in Crested Butte

Oh Be Joyful Gallery

Shaun Horne - Red Buildings
Shaun Horne
Red Buildings

Shaun Horne - Aspens and Lupines
Shaun Horne
Aspens and Lupines

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In This Issue

21" of Snow in the Last Week
Real Estate Market Update
Benson Sotheby's Update
Airline, Lodging and Ski Deals
Exclusive Property of the Month
Crested Butte in the News
National Real Estate News
Feb/Mar Schedule of Events
Oh Be Joyful Gallery
Winter Edition of The Collection
Ski and Snowboard Rentals

Featured Listings
Global Listings

Featured Homes

4 Peakview Drive - Mt. Crested Butte 329 Maroon Avenue,
Crested Butte
$1,095,000

309 Third Steet - Crested Butte309 Third Street,
Crested Butte
$899,000 - Dogwood Cocktail Cabin Building

20 Snowfall Drive - Mt. Crested ButteA2 Snowfall Point Condos,
Mt. Crested Butte
$230,000

Carbon Creek Parcel
$299,000

Summit - Mt. Crested ButteLand on the Mountain,
Mt. Crested Butte
$188,700 to $495,000

4 Peakview Drive - Mt. Crested Butte4 Peakview Drive,
Mt. Crested Butte
$1,620,000

142 Larkspur Loop - Crested Butte
142 Larkspur Loop
$99,000

719 Fourth Street, Unit B, Crested Butte
719 Fourth Street, Unit B
$395,000

Mountain Bike Trail Report
Snow Report
Ski Trail Report
Crested Butte Weather Report

The Collection | Exclusive Properties Represented by Benson Sotheby's International Realty

Ski and Snowboard Rentals
Adults save 25% and juniors 50% off ski and snowboard rentals with renting adults! Click here to reserve now.