During the month of January, over eleven feet of snow fell in Crested Butte. Our iconic brightly colored mining cabins downtown were buried - many of them had snow piled up nearly to the roof. Shoveled walkways resembled tunnels all over town and snow removal professionals are still hard at work cleaning it all up. Nearly ALL of the extreme terrain is open at Crested Butte Mountain Resort, some of which never opened at all last year! January brought powder day after powder day with new snow nearly every day of the month. The snow was coming down so fast at one point that Crested Butte Mountain Resort closed for the afternoon to keep everyone safe. History was made as the Crested Butte school AND Western University closed for snow days too. With some of the inconvenience of having record volumes of sow also comes some truly incredible skiing!! Click here for a real time snow report and terrain information.
While the massive snow totals were making headlines all over, there were several other events going on in January. World Snowboard Day was celebrated at Crested Butte Mountain Resort with a banked slalom race and the 2nd Annual Fat Bike Worlds events (and after parties) took place at several venues around town. A local ski hero Aaron Blunck also made headlines as he took gold in the X-Games (held in Aspen, CO). Watch his gold medal winning run here.
The February calendar is packed with events including the Alley Loop, the Prater Cup, music performances, art classes and Mardi Gras!
Click here for the entire Crested Butte/Gunnison Event Calendar
What's Happening in the Real Estate Market
The market is shifting as inventory continues to decline and demand remains high. Prices are going up and we are experiencing bidding wars and property being put under contract sight unseen. If you have considered selling your Crested Butte property call me for a current market analysis as now is a great time to sell. If you are a Buyer and you see something you like I advise you to make a move on it quickly as to not miss out or get caught in a bidding war. Call me to discuss the current real estate market in-depth.
In January, 18 single family homes and condos were sold for a total of $8,297,501. The majority of homes sold in January were condos, ranging from a one bedroom Grand Lodge condo selling for $89,000 to a beautiful three bedroom, four bath Silver Ridge condo selling for $1,550,000. With lots of folks in town for the ski season, we have been very busy with property showings. Currently, another 33 homes and condos are under contract, representing a listing amount of $21,886,800.
In land sales, a total of seven parcels sold in January. Current land sales represent a wide range from a .33 acre parcel in CB South, which sold for $65,000 to a .31 acre parcel in the Timberland subdivision in Mt. Crested Butte, which sold for $540,000. Currently, another six parcels are under contract with a total listing price of $889,000.
For our comprehensive year end real estate market report click the picture below.