Crested Butte Real Estate by Chris Kopf

Chris Kopf Coldwell Banker Mountain Properties

Spring Into Action To Sell Your Crested Butte Home

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Spring Into Action To Sell Your Crested Butte Home

Selling your Crested Butte HomeThe Winter Ski Season has come and gone but there were strong results for Q1 Real Estate in Crested Butte for 2013.  Coupled with a positive national economic backdrop in the housing market, strong Oil & Gas markets, and record highs on Wall Street – many indicators point to a good opportunity to position your Crested Butte home for sale.  As well the recently released Freddie Mac U.S. Economic and Housing Market Outlook showed this could be an ideal time to sell your home. Citing the combination of low mortgage rates, heightened consumer confidence and higher home prices, Freddie Mac even created a video (see below) detailing the March 2013 U.S. Economic and Housing Market Outlook.

Key Factors That Bode Well For Your Home Sale

  • Anticipation of a 8-10% Increase in 2013 Home Sales Volume Nationwide.
  • Anticipation of a 5-8% Increase in 2013 Home Sales Volume in Crested Butte and all indicators point to strong Summer
  • Active Buyers – there has been an increased level of activity for Second Home Buyers looking in Crested Butte.
  • Buyers know there are great values in Crested Butte – especially compared with some crowded and high priced markets, like Vail, Aspen, Telluride, and Breckenridge
  • Home Affordability at Highest Level in Decades.

This also marks an unbelievable trend in the 30-year fixed mortgage rate, with it having remained below 4% for an entire year.  Currently the 30 year fixed rate is 3.54% with .8 point and the 15 year fixed is 2.72 with a .7 point.  The 5 year ARM remained steady at 2.61 % with .6 point and the 1 year ARM was down slightly to 2.63 with a .4 point.

According to Freddie Mac Vice President and Chief Economist, Frank Nothaft, “History shows us not all economic recoveries are created equal and consumer confidence mirrors this fact. With the spring homebuying season upon us, the recent highs in the stock market are a welcome signal of better times ahead. But it will be the gradually declining unemployment rate and steadily improving housing market that will deliver broad-based economic benefits for Americans and, in turn, support the overall recovery.”

Many clients ask me:  “With average Days on Market in Crested Butte over 1 year – how can you sell my home faster?” The number one answer is to price your home to the Market.  I provide detailed analysis of my client’s homes looking at Sold comps in the same subdivision, Sold comps for like quality, location, amenities and also look at the homes that will be competing with their home in the market at given price points.   A recent Sale of a luxury single family home in Glacier Lily between Crested Butte and Mt. Crested Butte is a good example.   This beautiful 3 bedroom, 4.5 bath home was priced to the market at $1,195,000. A strong marketing campaign launch with professional photography, advertising, internet placement, open houses and word of mouth to the top agents brought two offers within the first month.  Interesting that these offers were within $25,000 of each other – further validating the list price methodology.  This home closed for $1,135,000 in April 2013.

If you are considering selling your home in Crested Butte, and would like me to help you understand what the value of your home is, give me a call or send me an email.

Want some additional insight into the Crested Butte Real Estate market:  Download the Full Crested Butte Real Estate Report for YTD Q1 2013, it is a full color 5 page pdf file with all the detailed data and charts and graphs, as well here is a link to the Full 2012 Year in Review Crested Butte Real Estate Market Report

Learn more at FreddieMac.com.

How can I help you?  The 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.  If you are interested in finding out what your existing 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).

Crested Butte offers a wide variety of properties including ski in/ski out single family homes, ski-in/ski-out condominiums, lake and river frontage properties, golf course property, and true luxury mountain homes on acreage.  To see featured properties or search the MLS – visit chriskopf.com.  Contact me at: (970) 209-5405, or chriskopf@bighornrealty.com

Thanks,

Chris Kopf
Previews® Property Specialist
Coldwell Banker Bighorn Realty

 

Author:  Chris Kopf

 

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Chris Kopf, Coldwell Banker Mountain Properties
305 6th Street
Crested Butte, CO 81224

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+00:00
"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. "  

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+00:00
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.

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+00:00
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!!!

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+00:00
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.

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+00:00
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.

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+00:00
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.

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+00:00
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.

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+00:00
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.

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+00:00
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.

Dan Aquaviva

This agent has a very strong knowledge of the local area. He was very helpful in screening properties for potential purchase.
2014-10-14T18:05:26+00:00
This agent has a very strong knowledge of the local area. He was very helpful in screening properties for potential purchase.

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