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Top 5 Crested Butte Home Attributes

March 11, 2017 By Chris Kopf

Top 5 Crested Butte Home AttributesMany people ask me what are the Top 5 Crested Butte Home Attributes? I work with many Buyers and Sellers and it is interesting to see the homes that are the most appealing to Buyers in the Crested Butte Real Estate Market.  It is not always easy to understand the value of Crested Butte Homes for sale and there are many unique subdivisions and developments with a variety of unique homes at many different price points.  Just like every home is unique – so are the desires or every Buyer and the motivations of every Seller, but I have found there are some common attributes that affect the Crested Butte Real Estate Market. These attributes seem to be most desirable for buyers, and affect the time a home will be on the market.

Top 5 Crested Butte Home Attributes

Top 5 Crested Butte Home Attributes#1 Priced to the Crested Butte Real Estate Market

The Crested Butte Real Estate Market (like all markets) is shifting and we are seeing less inventory of single family homes under $1M. The Median Price for a Crested Butte Single Family home for sale is $1.5M.

Some homes may be priced under $1M, but because they need updates to kitchens and baths and other items, the Buyer will consider another $100,000 – $200,000 may be needed, and they if they are able visit the homes in the $1M – $1.2M range as options.

#2 Quality Construction and Finishes

Top 5 Crested Butte Home AttributesThe exterior and interior look and feel of a Crested Butte Home is very important. If the curb appeals is not striking, and the interior feels old and tired, then these homes may sit for a while on the market. Many buyers are eager to add their own touches to a home like this and updating the home can be a rewarding endeavor.

The quality of construction will also dictate how much work will need to be done – there are many old homes in town that were originally miners cabins and one builder I am friends with referred to a very old home he was remodeling as “the house of pain” because at every turn there were surprises…

#3 Layout of Crested Butte Home

Top 5 Crested Butte Home AttributesThe most desirable floor plans seem to be those that have the garage, main living area, and master bedroom on the main level. Four bedrooms are very in addition to a bonus room. The bonus room (or a 5th bedroom) is desirable because it allows separate space for kids to gather and give the adults some quiet time…

The open floor plan in the main living area is nice because it provides the group to gather and interact. The outdoor living space is an extension of the indoor spaces in the summer, and a great gathering benefit to take in the surrounding views.

#4 Proximity to Amenities in Crested Butte area

Top 5 Crested Butte Home AttributesSo many Crested Butte homes for sale have great views (they are everywhere), but proximity to other amenities can be very important.

Location, location, location are very important – and in Crested Butte this may mean proximity to skier access, trail access, river and fly fishing access, or proximity to walk or townie bike to get a cup of coffee, or shopping… It may also be proximity to the Golf Course, awesome views of a favorite mountain, or proximity to the Mountain Express bus for easy access between Crested Butte and Mt. Crested Butte.

Proximity to people may also be a driving factor for some – and homes that are away from the hustle and bustle and in the Crested Butte area there are many homes located in 35 acres developments that offer this.

#5 Value of Crested Butte Home for Sale

Top 5 Crested Butte Home AttributesCrested Butte as compared with many other ski resort markets still is very affordable and offers great value at all price points. Value is determined by the items above, and the market, including the recent transactions, and the competing inventory – but really between a buyer and seller for each Crested Butte home sold.

Many buyers are looking to purchase a second-home and generate some rental income when they are not using their home, this could help them justify the purchase and cover their carrying costs and provide for funds to do future remodel projects.

I spend a few days in Vail every fall with the other top luxury real estate agent from Coldwell Banker in Colorado and at the end of our conference we tour homes. I am amazed at the price points for that market – they are typically 5x higher than Crested Butte. There are many people who want to be in the Vail area with all the people and glitz and glamour and will pay those prices.

The top price for a single family home sold in Crested Butte was a 7,000 sq. ft. skin-in/ski-out home in Mt. Crested Butte in the Prospect development – this home sold for $4.25M. Yes it would have sold for $20M+ in Vail, more in Aspen…

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

Crested Butte Colorado Real EstataeThe Crested Butte area 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 fine mountain homes on acreage. To see featured properties or search the MLS – visit www.ChrisKopf.com.

If you considering Selling your Crested Butte home and are interested in finding out what your existing property is worth – call me. How is the Crested Butte Real Estate Market doing? Click this link to see my monthly Crested Butte Real Estate Market Reports I appreciate the opportunity to earn your business and be your Crested Butte Real Estate Agent.

Contact me at: (970) 209-5405, or chriskopf@bighornrealty.com

 

Click here to do an advanced search the Crested Butte MLS for properties for sale in the Crested Butte area.

For more information on this home or the Crested Butte Real Estate Market contact:

Chris Kopf
Previews® Property Specialist
Coldwell Banker Bighorn Realty
Phone: (970) 209-5405
email: 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

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