Although economic uncertainty is proliferating in our country, high end homes in Crested Butte, CO are selling. People are realizing that there are bargains to be had, and they are jumping on them, mostly with all cash deals. For example, 3 houses on Butte Ave, within 1 block of each other are under contract with listing prices that range from $1.7 million to $2.5 million. Additionally, a house on Teocalli Ave that is listed for $2 million is also under contract. These houses all have in common fantastic views of our beautiful valley, as well as being larger homes on larger than typical lots. There are more houses in town left to sell, but the time seems to be right for people sitting on cash to start spending.
In the news, we are also hearing about the declining supply and rising prices in the new home market. The other side of the coin is that we still have amazing deals on vacant land and ski condos, and the supply in these markets will hold us for quite a while. In general, it is nice to see our high end selling and to see people holding cash deciding that now is a great time to start putting that cash to use in our special part of the world.
In the news, we are also hearing about the declining supply and rising prices in the new home market. The other side of the coin is that we still have amazing deals on vacant land and ski condos, and the supply in these markets will hold us for quite a while. In general, it is nice to see our high end selling and to see people holding cash deciding that now is a great time to start putting that cash to use in our special part of the world.
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