Red Lady Realty - Crested Butte, CO

Red Lady’s View from Elk Avenue

Real Estate Transfer Taxes in the Crested Butte Area

May 15, 2017
While the state of Colorado does not allow areas to create new real estate transfer taxes, there are some areas near Crested Butte that adopted a transfer tax before that amendment was passed.  Since these transfer taxes are calculated based on the purchase price, it is important to know if there is one that applies to a specific property as it could have a substantial impact on your bottom line.  How transfer taxes are split between the buyer and the Quick read more or view full article seller is negotiable so be sure to talk to your Realtor to determine how best to handle this in your Colorado Contract to Buy and Sell. 

In the Crested Butte area there are three transfer taxes.  

The first and largest is the Town of Crested Butte Real Estate Transfer Tax of 3%.  This applies to the transfer of any property within the town limits.  Half of this tax goes to the preservation of open space outside the Town limits of 1991.  The other half goes into the Town’s General Capital Fund.

The second area with a transfer tax is the Prospect Area of Mt. Crested Butte.  This includes Prospect Subdivision and Wildhorse at Prospect. This 2% transfer tax is collected by the North Mt. Crested Butte POA and then are transferred to Reserve Metro District No. 1.  The money is currently used to pay off some equipment and other debt regarding road construction as well as road maintenance expenses.

The third and final transfer tax applies to sales in the Grand Lodge, Lodge at Mountaineer Square & Elevation.  Funds are used to cover operating costs - snow removal, snow melt systems, landscaping, exterior grounds maintenance.  It is also used for promotion & events in Mt. CB - includes free summer music series.

The number of properties affected by a transfer tax is relatively low, but it is good to know before you decide where to buy if one might apply to your purchase.  As always, the agents of Red Lady Realty can answer any questions about this or any other topics regarding buying or selling in the Crested Butte area.  Contact one today! Read Less

1st Quarter 2017 Market Report

April 11, 2017
As Diane puts it, “2017 is off to a good start in Crested Butte real estate. We continue to experience low supply and steady to increasing demand, which is switching our overall market from a buyer’s to seller’s market. In the new paradigm, we should experience rising sales prices and sellers getting closer to their listing price for their properties.” For Diane’s full market update and more in-depth statistics of the market so far this year, check out our Quick read more or view full article href="http://issuu.com/redladyregister/docs/2017-1stquarter?e=1905381/47084453">market report available here.


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5 Alternate Crested Butte Winter Activities to Downhill Skiing

March 22, 2017

Hitting the slopes every chance we get is a big part of the CB winter lifestyle. But we get it, ripping through the resort isn’t for everyone. Luckily CB always has a buffet of activities to offer around every corner.

Nordic Skiing

With over 50 kilometers of groomed trails around town, there are plenty of options for all ability levels. There are even dog friendly trails so you can go out and soak in the views of paradise with your furry Quick read more or view full article friend. Don’t have your own Nordic Gear or want lessons in this awesome activity? No Problem! Stop by the Crested Butte Nordic Center for all your Nordic needs.

Snowmobiling

Do you prefer exploring areas using engine power versus human power? Maybe a snowmobiling tour is right up your alley. In the winter months, the roads around Crested Butte other than Highway 135, close due to weather. That is why most people turn to snowmobiles to go exploring or to get further into the backcountry. There are guided tours available as well as a few places that you can rent snowmobiles to go out exploring on your own.

Fat Biking

For those of us who love to mountain bike, fat biking is the winter alternative. It also keeps us in biking shape all year round. The Crested Butte Nordic Center offers 13 kilometers of groomed trailed that are open to fat biking and are free to use. There are additional trails offered by the Crested Butte Mountain Bike Association. Need to rent your biking gear? Head over to the Alpineer, Big Al’s Bicycle Heaven, Crested Butte Sports, or the Handlebar Bike Shop: http://handlebarbikeshop.com/.

Snowshoeing

If you don’t like the feeling of sliding on the snow, and hiking happens to be one of your favorite summer activities, then you should give snowshoeing a try. Going on a snowshoe adventure allows you the opportunity to follow groomed trails as well as conquer some fresh areas without sinking up to your belly in the snow. The Crested Butte Nordic Center can point you to some great trails and can provide you with the rentals to get out there!

Have a Super Low Key Day

Shopping- Take a stroll down Elk Avenue and stop in our one of a kind shops and galleries. The items in our stores are unique and rarely found elsewhere.
Grab a bite to eat- With so many great places to eat around town, it’s a good thing you are burning more calories with all that extra physical activity so you can indulge! Although you won’t find any chain restaurants that you recognize the name of, there are plenty of food options for even the pickiest of eaters (trust me, I am one of them).
Treat yourself to a Spa day- Relax by the warm fire while your friends and family finish their day of skiing. Feeling a little low on Oxygen? We have an Oxygen Bar that will help you acclimate to the altitude. Need to soothe your sore muscles for your previous days of physical activity? Go get a massage. Or… why not do all of the above?

With so many options of activities to do in Crested Butte, this list could really go on forever. We would love to hear what some of your favorites are!
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Up Next in CB: Al Johnson Uphill/Downhill Telemark Race

March 8, 2017
It wouldn’t be Crested Butte without wacky costumes and unique events which is just what you will find on March 19th on the resort. Participants in the 43rd Annual Dan K Memorial Al Johnson Uphill/Downhill Telemark Race will put on costumes and their telemark gear. They will “let loose and free those heels” as they climb 660 vertical feet and descend 1200 feet down double-black diamond steeps. This year’s event is a fundraiser for the Crested Butte Avalanche Center.
 
Quick read more or view full article /> Check out more information about the history of the event here.

Follow the event on facebook to get more up to date information.

Find out more information about the Crested Butte Avalanche Center at this link. Read Less

Year-End 2016 Market Report

January 23, 2017
The overall Crested Butte real estate market for the areas of Almont North ended ahead of 2015 by over $16.7m and 11 transactions. Not only are properties selling for almost 94% of their list price, the average days a property is on the market before it sells has gone down significantly. The decrease in days on market reflects the increased demand for certain property types. For a market update by Sigrid Cottrell and more detailed data for the different areas, Quick read more or view full article check out our Year-End Report.

The agents are Red Lady Realty are here to help answer any question you may have, keep you updated on market trends and assist you in selling and/or purchasing properties in Crested Butte and its surrounding areas. Contact one today!

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Snowmageddon 2017

January 19, 2017
Yes it’s true, Crested Butte welcomed 2017 with massive back to back snowstorms that dropped over 100” of snow in 14 days. Although it was a lot to handle at once, we are grateful for the amazing skiing it brought and the wildflowers that will ultimately result from the extra water. Just as we are starting to feel caught up with shoveling, it’s time for more snow to come our way. They are forecasting for another 2 feet through the Quick read more or view full article weekend and even more next week.

We would like to give a shout out to our amazing snow plow drivers, emergency personnel and ski patrollers who work extremely hard in these adverse condition to keep everyone safe. Thank you!

If you weren’t here to experience the last storm for yourself, here’s a brief recap of the events from just Monday January 9th:
  • For the first time in over 20 years, Crested Butte Community School was closed for a Snow Day! There was also a one hour delay on Tuesday 1/10.
  • The Gunnison County RTA suspended bus service between Gunnison and Crested Butte for a few hours due to poor visibility and driving conditions.
  • Due to the safety of their guests and employees, Crested Butte Mountain Resort even closed early.
 
Here is a video by Crested Butte Productions shortly after we got all the snow:
 

Here is a photo of the daily snow totals for January from Open Snow:


For additional articles on the snowstorm, visit the following links:

Crested Butte News: Snowmageddon: Thirty year storm brings excitement, extra challenges

Denver Post: Crested Butte Mountain closed Monday because of too much snow

Denver Post: Ski. Shovel. Repeat. Just another day in Crested Butte’s snow of a lifetime

Denver Post: Love-hate relationship with snow in Crested Butte, Colorado’s snowiest town

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Red Lady Realty's 16 Significant Sales of 2016

January 13, 2017
 
Each sale that we are a part of is unique and holds a special place in our hearts. We love Crested Butte and working to bring a piece of our mountain paradise into the lives of our clients is the most rewarding feeling. Whether it is helping the first-time buyer, the vacation homeowner, the investor, and everyone in-between, the team at Red Lady Realty is here for you.

Let’s take a look back at our 16 significant Quick read more or view full article sales of 2016.

#16. 719 Sopris Avenue sold for $899,000 #15. 24888 Hwy 135 sold for $899,000 

#14. 732 Gothic Ave sold for $965,000 #13. 4 Ruth's Road sold for $1,025,000 

#12. 829 Red Lady Ave Sold for $1,050,000 11. 1156 Ridge Road sold for $1,100,000 

#10. 10 Gothic Ave sold for $1,125,000 #9. 329 Maroon Ave Sold for $1,195,000 

#8. 921 County Road 317 Sold for $1,200,000 #7. 822 Whiterock Ave Sold for $1,285,000 

#6. 830 Sopris Sold for $1,300,000 #5. 2384 County Road 734 Sold for $1,350,000 

#4. 6 Glacier Lily Sold for $1,375,000 #3. 714 9th Street Sold for $1,695,000 

#2. 9 Ruth's Road Sold for $1,700,000 #1. 2 Peakview Drive, Sold for $1,850,000

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