The Crested Butte Connoisseur January 2013

CBMR Sells to Chinese Conglomerate

April Fools! Got you real good with that one didn't I? Now that you're here, take a moment to catch up on this winter's activities and real estate sales. Spring is here! In these final weeks of the 2012-2013 ski season, many of us are getting eager for sunshine and the longer days of summer. However, it's in these final two weeks that the feelings of nostalgia unexpectedly creep in as we all really appreciate this season's powder days, special events and seemingly endless days of fun on the slopes.

In the last month we've gone back and forth between sunshine and warm temperatures to freezing temperatures and snow. We excitedly welcomed a 14" powder day on March 21st and have since been enjoying some frequent warm weather and sun.  No matter what the weather is like on Closing Day, April 7th, you'll be sure to find visitors and locals alike dressed up in crazy costumes, skiing, partying and revelling in yet another amazing winter season in the Butte.

Winter Real Estate Market Update

2012-2013 winter season is coming to a close and our sales numbers have improved from last season. We have experienced $30,251,675 worth of single family home and condo sales in the upper valley, an 8% increase. This represents an average discount off of asking of 9% down from 11% from last season and a median price of $302,500 a 4% increase. The market has had a clear shift in attitude change as buyers are having to pay more than what distressed property had been selling for in the past. Inventory is way down and demand is increasing. With another 44 properties under contract totaling $23,841,153 we are definitely continuing an optimistic recovery.

Land sales reflected 19 transactions for the winter season totaling $2,098,986 an average of a 17% reduction off of list price. Nine more parcels totaling $2,683,400 are currently under contract. For comparison 2011 experienced 21 land sales in the upper valley totaling $4,829,700 but with an average reduction off of list of 29%.

Crested Butte Lodging and Ski Deals

Crested Butte Mountain Resort also never disappoints with their end of season deals. Check them out below and remember that it's never to early to book your summer visit.

Kids Stay for FREE!! Between March 16th- April 7th, kids under 12, ski and stay FREE when you book your lodging through Crested Butte Vacations. Kids Stay & Ski Free

Hottest Deal of the Year- Between April 1st & April 7th, anyone with a 2012-2013 season pass from any ski resort in North America can ski at Crested Butte for only $49 per day. $49 Lift Tickets in April for Passholders

Plan your summer or fall trip now and get your choice of available premier lodging and save 20% on all CBMR lodging options and receive a free scenic lift ride. Summer Book Early & Save 20% (Book by May 27th)

Exclusive Property of the Month - Gold Link Subdivision - Ski Trail Access

12 Gold Link Drive - Mt. Crested Butte
Video Tour

Beautifully finished single story home in the ultra convenient Gold Link neighborhood on Mt. Crested Butte. Easy ski access just down the street to the Gold Link ski lift. Commanding views surround this well built home and the open floor plan and vaulted ceilings make this residence perfect for entertaining. Viking Professional stove, griddle, double convection oven and wok. Full alarm system and heated walkway and garage entry keep you safe and secure as you escape to your perfect Colorado mountain home on nearly 3/4 of an acre.
$1,350,000 - Four bedroom, four full baths, 2,757 sq. ft., three car garage and .69 of an acre.

12 Gold Link Drive - Mt. Crested Butte - Great Room

12 Gold Link Drive - Mt. Crested Butte - Master Bedroom

12 Gold Link Drive - Mt. Crested Butte - Kitchen

Crested Butte in the News

10 Best Colorado Trails - Cycling.com
Shane McConkey Movie Premier - Denver Post
Top Three Last Minute Spring Break Ski Vacations - Examiner
Skier Avalanche Caught on Camera - 9News
Bluegrass in Paradise Crested Butte Music Festival - MtnWeekly.com
Power of Four Ski Mountaineering Race - MtnWeekly.com
Grand Traverse Serves Up "Breakable Crust" - PostIndependent.com
On The Hill: Grand Traverse Wrapping Up - Aspen Times

Current News of the National Real Estate Market

California's High End Home Buyers Create Luxury Boom - Luxury Insights
World's Billionaires Grow in Number and Wealth - Luxury Insights
Home Prices: Biggest Rise Since Housing Bubble - CNN Money
Why Higher Mortgage Rates Will Help the Housing Market - CNN Money
Home Prices Finally Returning to Normal - CNN Money

Upcoming Area Events

April 2013

3-7
6-7
3-7, 10-13
5
6
7

13
15
20
22-27
30

Flauschink, Crested Butte & Mt. Crested Butte
"Roost the Butte" snowmobile event on Mt. Crested Butte
"The Exit Interview" presented by CB Mountain Theatre, Mallardi Cabaret Theatre
First Fridays Art Walk & Music, Various Galleries & Locations, Gunnison
Slush Huck Pond Skim Competitions & Live Music, Crested Butte Mountain Resort
Closing Day for Crested Butte Nordic Center & Crested Butte Mountain Resort (Live Music at CBMR)
Gunnison Sage - Grouse Festival, Western State College, Gunnison
Out & Back Bike Adventure Kickoff Presented by Gunnison Nordic Club
Herb Class Series - Ouchie Ointment, Art Studio of the Center for the Arts, Crested Butte
Flavors of Gunnison (dining specials for $18.80, year of town's incorporation)
Astronomy Workshop for Adults, Gunnison Valley Observatory, Gunnison

May 2013

1-30
2
3
4-5
15-18
16
18-19
25-27


25

30
30

Recycled Fashion Exhibition, Gunnison Arts Center
Water Film Festival presented by High Country Citizen's Alliance
First Fridays Art Walk & Music, Various Galleries & Locations, Gunnison
Gunnison Kiwanis Club Fishing Tournament, Blue Mesa Lake, Gunnison 
Ten Minute Plays presented by CB Mountain Theatre, Mallardi Cabaret Theatre
Watercolors & Wine Workshop, Gunnison Arts Center
Weekend Warrior Fishing Tournament, Blue Mesa Lake, Gunnison
Gunnison Growler Weekend (Half-Growler & Full-Growler mountain bike races, Growler Gran Fondo bike ride, Townie Takeover Tour, Sage Burner trail running races), Gunnison 
Herb Class Series - Dandy Dandelions, Art Studio of the Center for the Arts, Crested Butte
Astronomy Workshop for Adults, Gunnison Valley Observatory, Gunnison
Recycled Fashion Runway Show, Gunnison Arts Center

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

Last Week of Skiing
Real Estate Market Update
Lodging and Ski Deals
Exclusive Property of the Month
Crested Butte in the News
National Real Estate News
April/May Schedule of Events
Oh Be Joyful Gallery
Winter Edition of The Collection

Featured Listings
Global Listings

Featured Homes

625 Red Mountain Ranch Road - Rural Crested ButteCastlewood Estate,
Rural Crested Butte
$5,250,000

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

329 Maroon Ave - Crested Butte 329 Maroon Avenue,
Crested Butte
$1,095,000

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

Carbon Creek Parcel - GunnisonCarbon Creek Parcel
$299,000

Summit - Mt. Crested ButteSummit Lot 7,
Mt. Crested Butte
$299,000

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