Molly Eldridge, RSPS

Molly Eldridge Crested Butte Colorado Real Estate

Red Lady Realty, Inc
215 Elk Ave., PO Box 190
Crested Butte, CO 81224
molly@redladyrealty.com
(970) 349-5007
Cell: (970) 209-4234
Fax: (970) 349-5463






Helping to find your rainbow's end!


July 1, 2010

Happy Fourth of July!  Crested Butte is gearing up for a very busy & super fun weekend.  If you are nearby and want to consider a joining us – please let me know if I can help you.  There are events all day and for everybody.

 

8:00 am – 1/3 Marathon from Gothic to Crested Butte

7:00 – 10:00 am – CB Fire & EMS Department Pancake Breakfast

11:00 am – Parade down Elk Avenue

1:00 pm  - Nina Storey playing near the food court

4:00 pm – Alpen Brass patriotic music on the Center for the Arts outdoor stage

7:30 pm – Mama’s Cookin’ at CBMR base area

Dusk – Fireworks in Mt. Crested Butte

After Mt. CB Fireworks – Fireworks in Crested Butte

  

Whew!  If you can’t find something to do in that schedule then you can always enjoy the trails on foot, bike or horse or just enjoy a beautiful day with friends.  Don’t forget your red, white & blue because in Crested Butte every holiday is another excuse to dress up.  The rest of the summer is action packed too so check out the Calendar of Events on my website to find out when you want to be here.  The ski area has worked hard to make the downhill mountain biking on the mountain cover more terrain & more challenging so if that is something you are interested in, you should certainly come see all their hard work.

 

There are a few interesting things in the works for next winter.  Although the contracts have not been signed, we are close to have daily flights from Houston on Continental and twice a week flights from San Francisco on Virgin America during the peak of the ski season.  This is great news and will help to make it easier to get here for a lot of people.  CBMR is renovating the Treasury Building at the base area to expand the space there for eating & getting ready to go skiing.  This will certainly make it easier and nicer to come skiing for the day if you are not staying right at the base area. 

 

The real estate market continues to hum along here.  2010 is much better then 2009 so far, but May & June have been a bit slower then the beginning of the year.  July & August are historically our busiest months so I’ll keep you updated on how things are going.  We have seen some incredible price reductions from CBMR on the properties they still own in The Lodge at Mountaineer Square and vacant land in Prospect.  They are offering properties for 50% less then the original prices in some cases.  This is a great opportunity to get into these one-of-a-kind locations at bargain prices so let me know if you would like pricing information.

 

While we continue to see our share of foreclosures & short sales, it doesn’t seem to be at a higher level then similar communities.  This has caused prices to remain low or to drop in some cases.  We have seen several cases where bank owned properties have made large price reductions and created multiple bids to come in quickly.  So, if you have a specific type of property you would like me to keep an eye on for you, let me know and I’ll do my best to let you know the minute something of interest comes up.

 

There are some amazing opportunities in all segments of the market so please don’t hesitate to contact me if you would like an updated list of what is available in the type of property you are looking for.  Obtaining a loan is definitely more challenging right now – especially for our condos.  The new lending regulations are causing many of our developments to be classified as condo-tels and therefore they are non-warrantable.  We are getting creative to make things happen and sometimes that means pursuing owner financing.

If you are in a position to purchase property in Crested Butte, now is the time.  Prices are lower, many sellers are motivated, interest rates are low and the mountains are still beautiful.  Each property is unique and so is each seller’s situation so there is no cut and dry way to determine what to offer or what someone will take to sell their property.  I am happy to help you find the perfect property and help develop an offer that will get the job done.

If you are trying to sell a property in Crested Butte you need to be realistic.  There just are not a lot of people buying right now and there are a lot of homes for sale, condos for sale, land for sale... you get the idea.  At the current rate, it would take over four years for all of the condos currently listed for sale in Mt. Crested Butte to be sold!    Think about how important it is to you to sell right now and make sure you price it correctly to make that happen.  If you don’t need or want to sell at the current market rates, it may be best to take it off the market and wait until things start to improve.  I would be happy to give you my opinion on the best thing to do in your particular situation.

Let me know if you need any help planning a visit to the area - I am happy to help!  When you are here, save some time to look at property.  There is a lot on the market in almost every category so you can count on having a big selection no matter what you are interested in.  There are some incredible properties on the market right now in all segments so don't feel like you should wait.  I'd be happy to guide you through the options if you have any questions.

This site offers information on the Gunnison Valley, Crested Butte events & activities, important contact numbers & websites and more on the area as well as the real estate possibilities.  You can click here to search the entire Gunnison/Crested Butte MLS and see everything, including homes, condos & vacant land that are on the market right now.  I can assist you with any property listed in the MLS and would be happy to talk with you about what is available.  Contact me anytime to assist you with all your real estate needs at molly@redladyrealty.com.

There is nothing that equals the pride of property ownership.   Whether you are buying, selling, or investing I look forward to working with you to achieve all your goals. As your real estate professional, I will give you my full-time commitment to put a deal together and to keep it together until the end.  I will work to keep you informed and educated throughout the entire transaction.

My goal is to create increased value for you, acting as more of a consultant and providing guidance throughout the process.  I will make sure every detail is taken care of and communicate with you at every step along the way.   The reason my clients keep calling and referring me is because of the care and level of service which goes into every real estate transaction.  For a professional, fun experience and a resourceful agent who will work for you, contact Molly today and find your rainbow's end!

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