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The Cost of Real Estate in Crested Butte

May 27, 2015 By Chris Kopf

The Cost of Real Estate in Crested Butte Compared with other mountain towns including high-end markets like Vail, Aspen, Telluride…

The Cost of Real Estate in Crested ButteYou may want to live in a nice home in downtown Vail or Aspen, but at approximately $2,000+ per square foot, these properties are out of reach for most people. The same home in a different mountain town will have a different price simply because of the location, the infrastructure and development in place, and the maturity of the market, and the demographics. For example, Crested Butte, where I live, is not a mega resort, and is not teeming with the rich and the famous. It’s as beautiful as any other mountain town, but it is more affordable than many.What that means is that if you pick up a home from one mountain town and put it in another mountain town, the price could be triple or quadruple, so determining which mountain town is best for you will greatly affect how much house you can afford. The current price for a single family home in the Crested Butte area is $330, and in Historic Downtown Crested Butte $440 per square foot. There are more affordable areas as well – CB South averages under $200 per square foot for a single family home. (see monthly Crested Butte Real Estate Market Reports)

You should consider how big of a home you need, including how many bedrooms, bathrooms, and whether a single family home or condo/town home would work best.

Construction Cost Crested ButteThe cost of real estate includes the initial acquisition cost, any remodel work you will do, and the furniture and furnishings you will purchase. (Most existing mountain homes are sold furnished, but some or all of the furniture may need updating.)

You should also look at the fixed annual expenses associated with owning the home. These costs include property taxes, utilities, insurance, homeowner association dues, and snow removal (plowing the driveway, shoveling the deck, walkways, and shoveling the roof one to three times per year depending on the roof pitch and amount of snowfall).

Variable expenses can include appliances that need repair or replacement, weekly hot tub service, landscaping, window washing, etc. It is usually a good idea to have a security system with freeze detectors, and water detectors tied to a main water shut-off valve (this may not prevent minor water damage in the event of a plumbing leak or pipe breaking, but should prevent major damage).

Why Crested Butte?

There are many mountain town choices and Crested Butte Colorado is a great option.  Crested Butte is a special place, appropriately called “The last great Colorado ski town” with a fun vibe and a welcoming community. While many other mountain towns blossomed as a result of gold and silver mining, Crested Butte’s roots stem from a long history of coal mining, which transcends the decades of time.

Crested Butte Co real estateCrested Butte is a destination for skiing, mountain biking, hiking, fishing, golfing and a variety of other outdoor activities. It is a welcoming community made up of transplanted locals and second homeowners, with a permanent population in downtown of about 1,500. Some have boasted there are more restaurants in Crested Butte per capita than anywhere else. Crested Butte is home to many local artists and shops. There are three churches, a movie theater, a performing arts center, a grocery store, and a museum. The Crested Butte / Mt. Crested Butte Chamber of Commerce and Crested Butte Visitors Center is located at Elk Avenue and 6th Street in the heart of downtown. The primary winter activity in Crested Butte is alpine skiing or snowboarding at the Crested Butte Mountain Resort (CBMR). The mountain, Crested Butte, rises to 12,162 feet above sea level. The ski area base is at 9,375 feet. Sixteen lifts serve 1,547 acres of terrain, with 121 trails (27 percent beginner, 57 percent intermediate, 16 percent advanced). The longest run on Mt. Crested Butte is 2.6 miles long. The large amount of extreme skiing terrain at Crested Butte has attracted the US Extreme Skiing Championships and the original X-Games. However, for others, the allure of backcountry skiing, snowmobiling, snowshoeing, Nordic skiing, or ice fishing is just as appealing.

Crested Butte CoAdditional information on all things Crested Butte available via the Travel Crested Butte  website, or for all of Gunnison Valley check out the Gunnison Crested Butte Travel Association website.

How Can I Help You?

See all the big picture and all the details of the  Crested Butte Real Estate Market in my monthly Crested Butte Co Real Estate market reports – the level of detail is representative of what you can expect from me as yourCrested Butte Real Estate Agent.

What is Your Property Worth today? If you are considering Selling your Crested Butte home and interested in finding out what your existing property is worth, contact me. 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

Thanks,

Chris Kopf
Previews® Property Specialist
Coldwell Banker Bighorn Realty
(970) 209-5405
chriskopf@bighornrealty.com
#1 Crested Butte Real Estate Agent
   in 2014 based on Total Volume

Crested Butte #1 Real Estate Agent

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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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