Ski Business Not As Bad As You Think & CBMR Owner On a Shopping Spree - 03/29/10 09:42 AM
View The Crested Butte Real Estate Insider 2010 Issue #3 Online
Seems like all we hear about these days is news of ski resort failures, declining skier visits and global warming killing winter but according to a recent industry report, the U.S. ski industry continues to rack up revenues. Ski resorts in the United States have shown steady increases in revenue over the last five years, according to research firm IbisWorld.  The New York Times ran an article recently about the results of an IbisWorld report on the state of the United States ski resort industry.  Interestingly, in 2009 the U.S. ski … (0 comments)

Crested Butte Owners On A Shopping Spree…Again - 03/19/10 10:23 AM
 
Good day from snowy Crested Butte Colorado!
Crested Butte Mountain Resort was acquired last year by a very big real estate investment trust (REIT) based in Florida – CNL Lifestyle Properties Inc. (CNL). CNL bought out all three ski resorts owned by the Mueller family including Okemo and Mt. Sunapee in Vermont.
CNL is back in the news with more big time investments.  Their next round of acquisitions occurred this month. This time, CNL Lifestyle Properties Inc. bought four marinas in California from the existing operator for $55 million, expanding the REIT’s marina portfolio to 19. Orlando-based CNL Lifestyle Properties leased the four marinas, … (1 comments)

Western Mountain Resort Real Estate Reality - 03/05/10 11:58 AM
In January, I attended a gathering of the Western Mountain Resort Alliance (WMRA) - held right here in little old Crested Butte. The WMRA is a industry organization of real estate people from the Western U.S. resort communities including Grand County (Winter Park), Whistler, Park City, Steamboat Springs, Summit County, Sun Valley, Telluride, Jackson Hole, Sun Valley, Lake Tahoe, Crested Butte and McCall Idaho.The question on everyone's mind? Have we bottomed out? Is it truly the best time to buy real estate again?After hearing these resort's real estate realities, it could be argued that we are indeed at the bottom and now is the best time … (0 comments)

Crested Butte Real Estate Insider News – Winter 2010 Issue #1 - 03/04/10 09:50 PM
View Newsletter OnlineHello from Crested Butte!
Will 2010 be remembered as the year of the price wars in Crested Butte real estate? 2009 saw decent real estate activity in our little resort community but that activity came at a price - no pun intended.
Of the 19 single family homes that sold in the town of Crested Butte last year, days on market was 371 and the average sales price was 74% of the original list price. Up in Mt. Crested Butte, 13 single family homes sold at an average of 69% of the original list price and it took an average of … (2 comments)