October, 2009

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Crested Butte Single Family Home Data

Friday, October 30th, 2009

We have compiled some useful data for all single family homes sold within last year, also with some price range data that shows what has sold in each price range compared to what is still active in that price range.

The Single Family Homes Sold Data Sheet shows which listings have sold per each area, percentage of list price that the property sold for, days on market, price per square feet that the property sold for, and the details of the home.

The Single Family Range Data Sheet shows how many homes have sold in each area for each price range and also shows how many years of inventory we have for each price range based on the number of solds for the last twelve months.

This data is very useful for both the seller and/or the buyer to determine which homes are selling the best, what price ranges have the most buyers in them and where the price of a home needs to be to get the most action.

This is just one more tool to help you in your Crested Butte Real Estate needs.  Be looking for next weeks data set when I bring you the Condo Data for last year.

Posted in Local Real Estate News | No Responses »

426 Red Mountain Ranch Rd Video Tour

Thursday, October 29th, 2009

Posted in New Listings | No Responses »

Congress Considering Options for Expanding $8,000 Tax Credit

Thursday, October 29th, 2009

Congress is considering proposals to greatly expand a soon-to-expire $8,000 tax credit for first-time homebuyers – potentially applying it to all but the wealthiest homebuyers.

  • The credit now can be claimed by anyone buying a home who has not owned one for three years and who closes the deal by Nov. 30.
  • Beyond extending that deadline, some lawmakers want to make the credit available to all homebuyers who meet income eligibility requirements. And some want to increase the amount of the credit from $8,000 to $15,000.
  •  By the end of November, the credit will have been used by 1.8 million homebuyers, at least 355,000 of whom would not have bought a house without the tax break, according to estimates by the National Association of Realtors®.

 “The most fundamental argument for the credit is that nothing works in the economy if housing is falling – it hurts household wealth and credit becomes tight. [The credit] is a good insurance policy. It’s vital to stem the housing price declines,” said Mark Zandi, chief economist of MoodysEconomy.com.

 – “Push on to Expand $8,000 Tax Credit,” by Jeanne Sahadi, CNNMoney.com, Oct. 14, 2009.

Posted in National Real Estate News | No Responses »

Time to plan that ski trip!!

Thursday, October 22nd, 2009

CMBR is sharing their top ten tips to stay on budget this year, because who couldn’t save a few dollars this time of year.

  1. Visit Early
  2. Opt for Thanksgiving. 
  3. Fly-In, Ski-Out.
  4. Travel in packs.
  5. Extend the trip.
  6. Minimize equipment and baggage fees.
  7. Use public transportation.
  8. Find the freebies.
  9. Take a lesson.
  10. Utilize the resort concierge.

Posted in Crested Butte Area News | No Responses »

Snow on the Mountains and Bluebird Skies!!

Tuesday, October 6th, 2009

A couple of photos taken out the front door of the office.

View of Mountains over the Visitor Center

View of Mountains over the Visitor Center

 

Snow capped Mountains

Snow capped Mountains

Posted in Crested Butte Area News | No Responses »

Another week closer to ski season!

Monday, October 5th, 2009

This morning it is snowing again in Crested Butte.  It is just our normal cycle as of late; snow for a couple of days then perfect fall weather for a couple of days.  Luckily we hit the cycle perfectly and had some beautiful weather for last weekend.  Some of our team here took advantage of the great weather this Saturday and played in the 1st annual 2009 Jim Gebhardt Memorial Scholarship Golf Classic (with everyone having a great time but not necessarily winning though).

This past month we have had seen a few significant sales close with the largest sale this year happening when 16 Peakview, Mt. Crested Butte was sold for $2,872,500.  We also saw two places in town sell; 500 Butte Avenue for $1,200,000 and 418 Third Street for $1,195,000.

We had 15 condos and single family homes sell in the Crested Butte Area ranging from $138,000 up to $950,000.  There was also zero land sales during that same time period.  The vacant land listings are having a hard time moving right now, which should mean better prices for potential buyers looking for land.

Posted in Crested Butte Area News, Local Real Estate News | No Responses »