With all of the changes occurring in Crested Butte lately (Vail buying the ski resort, home prices rising, economic uncertainty nationally, etc) I've been thinking about what is the main factor that brings people here and has them buying property? It could be the recreation opportunities, the community, the beauty (cute town, wildflowers, views, etc) or untold other things. The answer I've come to is that it's the weather. The relatively cool summer days when you need a sweater at night are becoming a distant memory in most places on earth. We certainly have cold weather and, hopefully, lots of snow in the winter, but compared to other places I've lived it's pretty doable here. I'd take a zero degree January day here to a 25 degree winter day in New York City, when the wind whips down the streets and all you can think of is how cold it is with the relative humidity.
As the planet is seemingly warming at a fast pace, and I'm not placing blame here, it just seems like we are setting new temperature records at an alarming rate, the weather here remains really pleasant, especially in the summer when it's over 100 degrees around the nation. Since summer is typically our most active time for real estate, I think there is more than a chance correlation between people buying real estate and the weather. If the ocean levels rise and these 100+ degree days continue to increase, owning property in Crested Butte is a nice weather hedge for those who can afford it. Home prices have risen here in the past few years, but there are many explanations for that: our formidable public school, the relative scarcity of product, the hope of ski resort upgrades and expansion, etc. but with those higher prices comes a seldom discussed additional perk - the idea that in 5, 10 or 20 years when Florida is flooded, Texas is too hot and Arizona is scorched, at least you can live comfortably all year round in Crested Butte, opening your windows in the summer in lieu of air conditioning. Sounds great to me!
As the planet is seemingly warming at a fast pace, and I'm not placing blame here, it just seems like we are setting new temperature records at an alarming rate, the weather here remains really pleasant, especially in the summer when it's over 100 degrees around the nation. Since summer is typically our most active time for real estate, I think there is more than a chance correlation between people buying real estate and the weather. If the ocean levels rise and these 100+ degree days continue to increase, owning property in Crested Butte is a nice weather hedge for those who can afford it. Home prices have risen here in the past few years, but there are many explanations for that: our formidable public school, the relative scarcity of product, the hope of ski resort upgrades and expansion, etc. but with those higher prices comes a seldom discussed additional perk - the idea that in 5, 10 or 20 years when Florida is flooded, Texas is too hot and Arizona is scorched, at least you can live comfortably all year round in Crested Butte, opening your windows in the summer in lieu of air conditioning. Sounds great to me!
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