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Chris Kopf Coldwell Banker Mountain Properties

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JUNE 2018 Crested Butte Real Estate Market Report

June 15, 2018 By Chris Kopf

JUNE 2018 Crested Butte Real Estate Market Report

JUNE 2018 Crested Butte Real Estate Market Report

JUNE 2018 Crested Butte Real Estate Market Report

 

Download Your Crested Butte
Real Estate Market Report 

2017 Crested Butte Real Estate Market ReportClick the image above to Download the Full Crested Butte Real Estate Market Report.

Crested Butte Real Estate Market Report – YTD through May 2018

Crested Butte Real Estate Market Remains Strong Summer Season Will be Busy

JUNE 2018 Crested Butte Real Estate Market Report
Single Family Homes Sold YTD

JUNE 2018 Crested Butte Real Estate Market ReportIt is no secret that Crested Butte is a very great place to be in the Summer. We have continued to see Summer visitor counts increase over the past 5 years and this summer is likely to break records – typically measured by the reported Sales Tax Revenues – but can also be indicated by the Water & Sanitation Districts with the average volume per flush calculations  So net net – Real Estate activity in Crested Butte is correlated to visitor count. With the expectation Summers are growing, and with VAIL RESORTS purchasing Crested Butte Ski Resort and the EPIC Pass visitors who will be here this Winter it will be an interesting 12 months

VAIL Buys Crested Butte – Will Crested Butte Real Estate Prices Immediately Skyrocket?

I don’t have a crystal ball – but I don’t think so… Real Estate Prices in Breckenridge did not immediately skyrocket when Vail bought Breckenridge. Real Estate Prices did not immediately skyrocket when Aspen bought Winterpark (KSL purchased Intrawest Ski Corp, KSL is controlled by the Crown family, The Crown family owns Aspen Ski Corp.). I believe long-term we will see price appreciation but not a huge inflection point. It is hard to make predictions – but I predict this time next year we will be looking back at a slight bump in overall price points.

But there Was a HUGE Real Estate Boom when the Muellers took over CBMR – why won’t we see the same?

Yes – and real estate prices were flying high EVERYWHERE back then. Go re-watch the movie “The Big Short”… Money was cheap and if you had a heartbeat you got a loan. Lots of people qualifying for loans they could not afford… but with real estate going up up up… And the Muellers were selling penthouse condos at the Lodge at Mountaineer Square for $1,000 per sq. ft. before a spade hit the dirt… and WestWall, and Wildhorse…. and the fever was rampant… people bought two, three, even four units… they were getting conventional loans then – even though the these condo projects at the base were “CondoTels”… Now you cannot get a similar conventional loan. Working with many affluent clients who could get financing – many do not because it can be a very frustrating process… so money is still cheap, but not easy.

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. 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.

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.

 

Click the image below to Download the Full Crested Butte Real Estate Market Report Now

2017 Crested Butte Real Estate Market Report

How is the Crested Butte Real Estate Market Doing?   – Receive the Full Crested Butte Real Estate Market Report – 14 pages of detail and insight into the Crested Butte Real Estate market — and you will get my FREE Monthly Newsletter emailed to you with the Crested Butte Real Estate Market Reports!

See the big picture and all the details of the Crested Butte CO Real Estate Market  – Download Full CB Real Estate Market Report as a .pdf file (more data and charts)

Chris Kopf Crested Butte Real Estate AgentHow 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

 

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Chris Kopf, Coldwell Banker Mountain Properties
305 6th Street
Crested Butte, CO 81224
  • Chris.Kopf@CBMP.com
  • (970) 209-5405

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. "

 
Crested Butte Real Estate by Chris Kopf
2015-02-11T13:45:19-07:00
"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. "  
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.
Crested Butte Real Estate by Chris Kopf
2015-02-11T13:46:48-07:00
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.
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.
Crested Butte Real Estate by Chris Kopf
2014-10-14T17:59:24-06:00
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!!!
Crested Butte Real Estate by Chris Kopf
2015-02-11T13:49:37-07:00
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!!!
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.
Crested Butte Real Estate by Chris Kopf
2014-10-14T18:05:40-06:00
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.
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.
Crested Butte Real Estate by Chris Kopf
2015-02-11T13:51:04-07:00
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.
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.
Crested Butte Real Estate by Chris Kopf
2014-10-14T18:05:59-06:00
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.
Crested Butte Real Estate by Chris Kopf
2014-10-14T18:06:18-06:00
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.
Crested Butte Real Estate by Chris Kopf
2014-10-14T18:06:31-06:00
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.
https://chriskopf.com/testimonials/tom-mary-aton/

Dan Aquaviva

This agent has a very strong knowledge of the local area. He was very helpful in screening properties for potential purchase.
Crested Butte Real Estate by Chris Kopf
2014-10-14T18:05:26-06:00
This agent has a very strong knowledge of the local area. He was very helpful in screening properties for potential purchase.
https://chriskopf.com/testimonials/dan-aquaviva/
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Crested Butte Real Estate by Chris Kopf

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2016. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.

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