JULY 2018 Crested Butte Real Estate Market Report

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Crested Butte Real Estate Market Report – YTD through June 2018

Crested Butte Real Estate Outlook Remains Strong for 2018

I believe we WILL see price appreciation over the long-term because of the value VAIL brings to the sustainability of our Winter Ski Resort Economy – more EPIC Pass skiers will also be potential CB Real Estate Buyers. But I think we will know more a year from now… Looking backward to predict the future has served us well for the previous 5 years as we have seen a subtle appreciation of price points and lack of inventory at the low end of the Market. I admit the future is unclear as we don’t know the impact the VAIL RESORTS purchase of Crested Butte Ski Area will have – all agree we will see prices rise but to what extent is unclear.

Impact of Vail to Buy Crested Butte Mountain Resort

I believe this is a very good thing. As a ski instructor said: “What is not to like – a world class company, who knows how to run a ski resort and has lots of money”. I also believe we will see rising price points long-term. The Vail EPIC Pass will increase the number of visitors in the winter (Crested Butte is still far below the record skier days of the John Norton era), and EPIC will also increase the summer visitor count.

I do not see a big inflection point short-term in real estate prices. As previously stated -looking at history of other acquisitions of Colorado ski resorts, and changed lending practices. We still have cheap money available to Buyers but not easy money – the loan process is not simple and is more scrutinized than the days of the mortgage securities fiasco. Net net I predict this time next year we will be looking back at a slight bump in overall price points.

Helping You Make Informed Decisions Regarding Crested Butte Real Estate

I produce this monthly report to provide you with a high level overview by looking at the patterns and trends. I hope to help YOU make sense of the numbers so you can make informed decision. As I say, I hope this report helps you to ”See the Big Picture and All the Details!” If you see a segment of the market that you would like additional help with understanding please contact me. Or if you desire a specific Property Valuation Report that I routinely prepare for my clients, please contact me.

This report covers Crested Butte Single Family Homes/Luxury Homes, Crested Butte Condos, Crested Butte Town Homes and Crested Butte Land. You will also see a ”slice” of the data by Price Range and by Area for Single Family Homes to provide a more insightful view of the market.

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How can I help you with Your Crested Butte Co Real Estate Needs?

This 2018 YTD Crested Butte Real Estate Market Report and the level of detail is representative of what you can expect from me as your Real Estate Agent.

I have consistently been among the Top Real estate agents in Crested Butte, and I strive to exceed client expectations.

If you are interested in finding out what your property is worth, or considering me to represent you as a Buyer, I would appreciate the opportunity to earn your business (or that of a friend you think I could help).

Visit www.chriskopf.com. Phone: (970) 209-5405, or chriskopf @bighornrealty.com

For questions regarding this Crested Butte Real Estate Market Report or the Crested Butte Real Estate Market in general contact:

Thanks,
Chris Kopf
Global Luxury Property Specialist
Coldwell Banker Bighorn Realty
(970) 209-5405
chriskopf@bighornrealty.com

Testimonials

Bobby Nichols

"The first moment we met Chris, my wife and I knew he was all about what is happening in real estate sales in Crested Butte. He knows his job, the marketplace and the innovative ways to market your home in today's electronic internet space. A real professional that understood us and our needs in handling a very successful sales transaction. "

2015-02-11T13:45:19-06:00

https://chriskopf.com/testimonials/bobby-nichols/

Jeff Hollings

Chris is outstanding! We recently bought a second home in Crested Butte and Chris did a great job throughout the whole process. He has a thorough understanding of the market and the benefits and drawbacks of various locations. He was very patient with us as our preferences evolved throughout the search. He gave us valuable information on which to negotiate the purchase. He had great follow-up during the inspection/closing process (when we were not in town) and made sure all of the commitments made by the seller were properly completed.

2015-02-11T13:46:48-06:00

https://chriskopf.com/testimonials/jeff-hollings/

James Brennan

This was our first experience trying to purchase additional land with hopes of building a home. Chris was tremendously helpful throughout the entire process and his professionalism showed.

2014-10-14T17:59:24-05:00

This was our first experience trying to purchase additional land with hopes of building a home. Chris was tremendously helpful throughout the entire process and his professionalism showed.

https://chriskopf.com/testimonials/james-brennan/

Jane Saltzman

Chris was terrific to work with. The house sold faster then I ever expected! He was particularly helpful for this second home owner that couldn't always get there to take care of house issues. Thank you Chris!!!

2015-02-11T13:49:37-06:00

https://chriskopf.com/testimonials/jane-saltzman/

Georges Lussier

The thought of a short sale was intimidating, but Chris made the experience very easy with lots of guidance from start to finish. I would highly recommend Chris for any Real Estate need buying or selling.

2014-10-14T18:05:40-05:00

https://chriskopf.com/testimonials/georges-lussier/

Frank Stringer

Chris Kopf is a wonderful person to work with on any real estate matter you may have in Crested Butte. He is extremely knowledgeable of all elements of the Crested Butte area. He helped us recently to buy a new second home in Skyland and the entire experience was first class under Chris's guidance. I would highly recommend him to anyone who has a real estate need in Crested Butte.

2015-02-11T13:51:04-06:00

https://chriskopf.com/testimonials/frank-stringer/

Paul & Julie Keesee

Chris was quite helpful in showing us homes in the area we were interested in and contacted us when new listings were available. We not only consider him our realtor but also a friend.

2014-10-14T18:05:59-05:00

Chris was quite helpful in showing us homes in the area we were interested in and contacted us when new listings were available. We not only consider him our realtor but also a friend.

https://chriskopf.com/testimonials/paul-julie-keesee/

Jim & Sandra Wickham

Chris' patience and persistence paid off for us in finding the right house for the right price. We would highly recommend Chris to any potential buyer.

2014-10-14T18:06:18-05:00

Chris' patience and persistence paid off for us in finding the right house for the right price. We would highly recommend Chris to any potential buyer.

https://chriskopf.com/testimonials/jim-sandra-wickham/

Tom & Mary Aton

It was a great experience working with Chris, after showing me what I thought I wanted, he advised me of the pros and cons on the different condos and found one that I am thrilled with.

2014-10-14T18:06:31-05:00