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Crested Butte's Festival Season Approaching

Real Estate Agent with LIV Sotheby's International Realty

April 09, 2014 01:20 AM

Crested Butte's Festival Season Approaching

The lift-served ski season just ended in Crested Butte and its time to start planning for summer vacations! The Gunnison Valley knows how to celebrate summer and fall fun with an amazing array of one-of-a-kind festivals that reflect the lifestyle, natural beauty and Western friendliness of our Rocky Mountain community. Beginning Memorial Day Weekend with the Gunnison Growler bike races and the Townie Takeover, there’s something for everyone, ranging from the weekend warrior and hard-core athlete to couples and families looking for a relaxing, yet action-filled getaway.
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Vacation Home Sales Surging

The Crested Butte real estate market cracked $100 million in 2012 and last year our market jumped to over $140 million in sales volume. The significant spike in the local market reflects a promising nationwide trend of demand for vacation and lifestyle properties .

According to the National Association of REALTORS® 2014 Investment and Vacation Home Buyers Survey, vacation home sales rose nationwide in 2013. According to the survey, vacation-home sales accounted for 13 percent of all real estate transactions last year, their highest market share since 2006. Vacation-home sales jumped 29.7 percent to an estimated 717,000 last year from 553,000 in 2012.

National Association of Realtors® Chief Economist Lawrence Yun expected the improvement in the vacation home market. “Growth in the equity markets has greatly benefited high-net-worth households, thereby providing the wherewithal and confidence to purchase recreational property,” he said. “However, vacation-home sales are still about one-third below the peak activity seen in 2006.”

Buyers listed many reasons for purchasing a vacation home: 87 percent want to use the property for vacations or as a family retreat, 31 percent plan to use it as a primary residence in the future, 28 percent wanted to diversify their investments or saw a good investment opportunity, 23 percent plan to rent to others, and 22 percent intend it for use by a family member, friend, or relative.
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Channing's Featured Listings: Ranch Properties

1461 Castle Dr at Star Mountain Ranch

Located at the base of iconic Carbon Peak, the panoramic mountain and Ohio Creek Valley views from the property will astound you. Enjoys privacy and seclusion from its 35 acre mountain perch. $1,100,000

2200 Eagle Hill at Eagle Ridge Ranch

Eagle Ridge Ranch is surrounded by NFS, BLM and State land. Set up as a protected wildlife preserve with exceptional recreational opportunities including fishing, hunting, hiking, riding, and cross-country skiing. $1,775,000

1141 St. Highway 135

Over 20 primo acres located adjacent to Gunnison. Water rights. 2-bed home with attached garage, a 36 x 48 ft. insulated, metal Porta-Stall, 6-stall barn with granite floors and a insulated shop. $1,500,000

426 Red Mountain Ranch

A flawless interpretation of the Grand Lodge architectural style with an integrity of craftsmanship rarely found. Architect and Builder combined here to create a magnificent home on a stunning piece of land. $2,999,999