105 Bear Scratch has just been reduced down to $4,999,000, that is over a million dollars in reductions since the beginning of the year.  This is an incredible price for such an incredible property.  Prime Ski in/Ski out location in the premier subdivision on the mountain, Prospect at Mt. Crested Butte.   You can’t find a better ski location to arrive and depart, skis off, throw your gloves in the 2nd laundry, the heated slate flooring warming as you put on your boots. Take a swim or work out in the spa room, of course you can separate the clan by venue, conversation and a real fireplace in the great room or play with TV additional fireplace in the media/game area. The massive entry stone work is throughout the house in the fireplaces and half bath. Extra touches are quite notable with hand planed Pecan floors, custom Cherry doors and trim.

The newest release for The Business of Extraordinary Living, the micro-site on WSJ.com, is available now by clicking here. 

In this latest issue articles include:

• Living – Homes Away From Home
• Insights – Capote Slept Here
• The Address – The Quintessential New England Lifestyle
• The Brand – The Expert – Brazil

One of the most exciting things in this issue is the Lifestyle Comparison – Mountain on the Insights tab. It compares a great property listed by Cathy Benson and Karen Redden on 757 Ridge Road, Crested Butte  to a home in Sandpoint, Idaho.  Of course we believe that there is no comparison that 757 Ridge Road is an excellent property with views that literally go on for miles and miles. 

As a matter of fact 757 Ridge Road is such a great property that it just recently went under contract and is slated to close next month.

Click here for more information about 757 Ridge Road.

New Listings and Price Changes: Higher End Properties
Thursday August 5, 2010

Some of our higher end properties have seen some major price reductions, reducing most of these homes to below new construction replacement cost.  The homes included in this property blast are:

• 267 Squaw Gulch
• 873 Skyland Drive
• 105 Bear Scratch
• 325 Homestead Road

Image by crestedbuttephotography.com

As we move into August with a very busy and bustling July behind us, there are still plenty of events and activities to participate in this time of year.  It looks like the monsoons of the past week are going to let up to provide some wonderful weather for everybody to get out there and enjoy visiting or living in Crested Butte.

Activities/Events happening this weekend:

• PowerAde Pinnacle Summer Race Series (Mountain Biking), Mt. Crested Butte
• Plein Air Watercolor Workshop by Meredith Nemirov, Crested Butte Center for the Arts
• 10^th Annual Living Journeys Summit Hike (benefits people living with cancer), Mt. Crested Butte
• Crested Butte Farmers’ Market, Elk Avenue & First Street – Sunday from 10 to 2
• Alpenglow(Free Summer Concerts) Presented by CB Center for the Arts, Town Park with Local Bands U-47 and 800 Thread Count on Monday at 5:30.  Also this week community pot luck dinner at Alpenglow. Click here for details.

Get out there and enjoy this upcoming weekend.

For anybody who hasn’t had the joy of reading our latest newsletter, the newsletter is now posted online.  One of the most useful tools in the July newsletter are the market updates through June 2010.  Also included is some good news about the market such as our market is up 28% in the first half of 2009 compared to 2010.  All of the same material you can expect from our newsletter is also included such as upcoming events, featured properties, related news articles and the electronic magazine rack with our summer real estate guide included.

Click Here to View Newsletter

If you haven’t seen the new summer edition of ‘The Collection’, it is definitely worth looking at.  This summer’s version has a new design and layout with more photos of the Crested Butte area, area headers and things to do in each area, and summer events.  If you are in the Crested Butte area pick one up at our office on 433 Sixth Street or in one of the many brochure racks around the Crested Butte, Mt. Crested Butte and Gunnison businesses.  If you are unfortunate and cannot make it to town this summer make sure to view the online version. 

We are in the process of updating our website.  We feel the new design and added pages will benefit anybody using our site to find Crested Butte real estate or Gunnison real estate. 

Some of the changes are not quite complete but we should have every page fully functional by the end of May in time for summer.

Some of the improvement that should help your real estate search are:

• More direct search pages such as search for homes, condos, land, ranches and commercial listings
• Easy access to all of our featured listings
• Area Maps
• Subdivision locations and information
• Directory of Crested Butte businesses
• Agent Contact Info
• Media Links – Links to all of our social networking sites along with our blog and monthly newsletters
• Info on all Sotheby’s International Realty offices
• Upcoming and Recently Sold information on Sotheby’s Auction House items

Thank you for visiting our updated site and being patient with us as these update are going on.

Sotheby’s International Realty magazine Reside has just been published in print and online editions.  If you would like a print copy stop by our office at 433 Sixth Street, Crested Butte as we should have copies by the middle of May or you can view the online version here.

From Sotheby’s International Realty member site:
“This issue welcomes readers with one of our most captivating covers yet. Our cover home is a sprawling Colorado estate, built around 40 mesquite doors reclaimed from Mexico, South America and Morocco. Our feature article takes readers through some of our network’s most spectacular equestrian estates, while providing insight on how to select the perfect property for horse enthusiasts. Also featured is Deepwater, a regal yet charming Mediterranean style home on the shores of Bermuda. With over 40 pages of International listings in the Property Gallery, this issue continues to demonstrate the power and global presence of the Sotheby’s International Realty Network.”

When is the time to buy has always been one of the most important questions in the purchase of any real estate transaction.  Are prices at the bottom?  Do I wait thinking that prices are going lower?  What if I wait too long and miss the bottom?  All of these questions can make for quite a confusing decision on your next purchase.   Ideally you would like to know exactly when the bottom of the real estate market is so you can make your purchase with the hopes of the market rebounding.  This way you could build equity when market prices rise.

Many people believe we could be at the bottom right now, with this being the best time to buy a home.  Nearly two-thirds of Americans think the time is right to buy a house, with a majority believing prices will be the same or higher over the next year, according to a Fannie Mae survey released April 6.  The 64% that said it is a good time to buy is just shy of the 66% that said the same thing in 2003 as the U.S. housing market was racing higher.

Click here for full survey results.