Bluebird Real Estate | Summer 2019

bringing dreams home

Welcome to Bluebird Real Estate, a premium home buying and selling experience in the heart of the Rocky Mountains of Crested Butte, Colorado.

Exceptional Marketing Bluebird is an independent, local brokerage that represents the best homes in the

marketplace with the finest print and digital collateral available locally and worldwide.

days

bringing dreams home

nes on every es are made and unique claimed oak

summer and fall 2019 | issue 3

188 Bethel Road, Smith Hill Ranches Crested Butte

property brochure

bluebird days magazine

Bluebird is the exclusive regional member of Luxury Portfolio International, the leading luxury network selling the highest volume of distinctive properties in the world. The largest global consortium of independent brokers, Leading Real Estate Companies of the World manages relocation services for Bluebird and over 565 brokerages in 65 countries.

6 Peakview Drive | Offered for $2,950,000

birdseye view: market snapshot, summer 2019 The summer real estate market had a bit of a delayed start, due to a big winter snow season. Our ski area received over 300 inches of snow last season, fifty percent higher than average. This translated to later openings for hiking trails and river fishing, causing some visitors to postpone trips.

Since the July 4th holiday, our market is in full swing, with steady sales and rising prices. The average price of sold properties in the region is almost $700,000, a 50% increase over the same period last year. Twenty nine properties have sold so far above $1,000,000, representing a 45% increase. Properties in town have the highest average sales price at over $1.75 million.

Twelve properties priced above $2 million have sold or are currently under contract, with only two having sold during the same period last year.

The average price for a mountain condominium is nearly $500,000, a nearly 90% increase from 2016. Crested Butte South continues to have the highest demand, with only 2 months of available supply. Land parcels are selling well this year, as average prices are approaching a record level of $400,000. The North Village parcel, a significant 156 acre multi-use tract recently sold for $5.3 million.

This dynamic activity translates to high confidence for travelers and investors seeking a cooler, peaceful and beautiful destination for relaxation and adventure. Bluebird continues to maintain #1 market share, leading the region in available properties, with over $167 million in volume and 60 properties priced above $1 million.

Our climate for real estate continues to be favorable. Interest rates are lowering, fueling increased economic activity and buyer confidence. Our ski area, now owned by Vail Resorts, is attracting new visitors and investors from farther reaches. Following our big winter, the wildflowers are in “super bloom� and more vibrant than ever. Crested Butte is the main attraction for family trips and outdoor recreation in the West.

211 Elk Avenue PO Box 1788 Crested Butte, CO 81224 970.349.6691 bbre1.com

crested butte area property sales statistics Crested Butte Sales - Single Family Average Price Percent Change Price/ Square Foot Days on Market Active Listings Months of Inventory Mount Crested Butte Sales - Single Family Average Price Percent Change Price/ Square Foot Days on Market Active Listings Months of Inventory Mount CB Condo/TH Sales - Condo/TH Average Price Percent Change Price/ Square Foot Days on Market Active Listings Months of Inventory Crested Butte Rural Sales - Single Family Average Price Percent Change Price/ Square Foot Days on Market Active Listings Months of Inventory CB South Sales - Single Family Average Price Percent Change Price/ Square Foot Days on Market Active Listings Months of Inventory Land - All CB Sales - Land Average Price Percent Change Days on Market Active Listings Months of Inventory

2015

2016

2017

2018

YTD 6/18

YTD 6/19

26 803,404

27 1,157,515 44.1% 546 175 15 6

23 1,363,624 17.8% 560 247 18 9

22 1,302,877 -4.5% 588 217 20 11

8 1,218,618 -13.3% 549 304 23 17

9 1,776,577 45.8% 678 175 28 19

22 1,149,801 18.7% 373 332 35 16

29 1,028,800 -10.5% 331 243 27 11

30 1,018,750 -1.0% 363 252 25 10

11 1,066,000 37.6% 380 258 22 12

10 930,000 -12.8% 362 243 24 14

148 264,769 -1.0% 264 246 66 5

137 362,701 37.0% 311 161 49 4

122 397,107 9.5% 366 147 61 6

49 308,520 -0.5% 313 154 89 11

37 496,770 61.0% 434 153 74 12

29 1,434,216 8.8% 439 275 44 17

38 1,496,539 4.3% 451 211 41 13

12 584,708 20.6% 251 119 4 2

18 632,445 8.2% 275 192 7 5

20 676,657 7.0% 287 144 6 4

7 639,000 17.7% 278 159 14 12

11 704,227 10.2% 302 162 4 2

83 226,878 13.7% 319

117 273,255 20.4% 305 242 25

146 278,621 2.0% 292 211 17

53 220,077 -0.7% 338 249 28

36 526,520 139.2% 209 265 44

450 245 16 7

26 968,404 337 221 43 18

84 267,523 230 249 127 18

31 1,318,661 361 229 44 16

18 484,972 221 106 8 4

104 199,468 397

30 1,309,300 -12.5% 389 208 58 23

10 1,158,900 -28.3% 331 294 36 22

10 1,245,800 7.5% 472 251 69 41

*CREN, MLS Data, July 2019

bluebird associates and staff

Karen Allen 970.209.2668 karen@bbre1.com

Dan Estey 303.913.2357 dan@bbre1.com

Stacey Schultz Crested Butte Collection Team 970.596.2397 stacey@bbre1.com

Diane Aronovic 970.209.0405 diane@bbre1.com

Jana Barrett 970.209.9510 jana@bbre1.com

Charlie Farnan Mountain Office Team 970.209.0609 charlie@bbre1.com

Dalynn Trujillo 970.596.3397 dalynn@bbre1.com

Trevor Bona Crested Butte Collection Team 970.319.5092 trevor@bbre1.com

Jenny Knox 970.596.3402 jknox@bbre1.com

Joel Vosburg Mountain Office Team 970.209.1581 joel@bbre1.com

Lisa Lenander 970.209.1603 lisa@bbre1.com

Parker LaDue Marketing Coordinator 972.529.8680 parker@bbre1.com

Maggie Dethloff 970.209.7880 maggie@bbre1.com

Jenna May 970.901.3601 jenna@bbre1.com

Jennie Barry Office Manager 970.275.0223 jennie@bbre1.com

Corey Dwan Crested Butte Collection Team 970.596.3219 corey@bbre1.com

Sandy Perrino 970.275.6308 sandy@bbre1.com

Bud Bush Principal 970.922.8550 bud@bbre1.com

Bluebird Real Estate is a dynamic team of dedicated professionals who are driven by exceptional marketing and successful results for our clients. The Bluebird office building is strategically located in the heart of the downtown historic district of Crested Butte, Colorado.

We are driven by successful results for our clients and leading market share in our region. Our mission is to professionally procure the sale of a property on your behalf at the best price, as efficiently as possible, in a smooth and seamless transition.

market leader Bluebird leads the market with 153 listings, including 59 luxury properties, and over $167 million in volume in the Crested Butte area.

153

$167 million

59

Listed Properties

Listing Volume

Million-Dollar Properties *Per CREN MLS, July 2019

Bluebird is richly involved in our community, serving and sponsoring many civic and charitable organizations, and contributing a portion of every closing to the Bluebird Charitable Fund which gives back to local causes.

211 Elk Avenue PO Box 1788 Crested Butte, CO 81224 970.349.6691 bbre1.com