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Just Sold by Channing Boucher in Crested Butte: 107 Big Sky and 311 Cement Creek Road

By Channing Boucher

Real Estate Agent with LIV Sotheby's International Realty 100003154

February 28, 2012 10:20 AM

I am pleased to announce two successful real estate closings this month in Crested Butte Colorado.

We are seeing a serious spike in home and condo buying in our local market. View this month’s edition of the Crested Butte Real Estate Advisor Issue #2. Scarcity is starting impact the market in key locations and average sold prices and average sold prices per square foot are rising in places like Crested Butte South, the Town of Crested Butte and Mt. Crested Butte.

My two recent sales are reflective of this trend. Additionally, pent up demand for our real estate is creating bidding war situations on certain property types.

I sold the 3 bedroom townhome pictured below last week. It is located at 311 Cement Creek Road in Crested Butte South. It was a bank owned REO that hit the market in January at $235,000. Multiple offers came in on the property during the first week on the market creating a situation where the seller received a higher than asking price for the home: It sold for $245,000.

SOLD: 311 Cement Creek Road

The second property I sold was my listing at 107 Big Sky Drive, located in the Pitchfork community in Mt. Crested Butte. This 3 bedroom townhome sold for $320,000. The property is 1360 sft and featured a double, heated garage.