Crested Butte Mountain Resort 2010-2011 Opening Day is November 24th - less than 30 days away! With the resort reporting 26" of snowfall from the first storm of the season, we are all looking forward to another great ski season.
Today's issue of The Crested Butte News reports on several improvements taking place at the resort. In an effort to provide more amenities to their visitors, Crested Butte Mountain Resort is adding 200 seats in The Treasury Center with new bathrooms, as well as couches and cozy chairs for lounging. Spellbound Pizza will be moved to the top floor, beverages beer and pizza will be served via window service, and Adaptive Sports has added more rental ski lockers. To read the entire article regarding these welcomed improvements, click here.
In other local news, Cottonwood Pass, a popular alternative summer driving route from Crested Butte to Denver, has closed for the season due to the recent snowfall.
As for the local Crested Butte real estate market, historically low interest rates and great prices are grabbing Buyer's attention. No one can be sure if sales prices are close to "hitting bottom", but one thing we can be certain about is that these amazing interest rates won't last forever. 141 properties have closed in the greater Crested Butte area thus far in 2010, for a total dollar volume of almost $68 million. At this same date last year, 133 properties had closed for a total dollar volume of just over $71 million. This means that while more property has sold so far in 2010, the sales prices have comes down. Great news for Buyers! Currently there are 30 properties under contract in Crested Butte, totalling over $14 million.
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