Bluebird Real Estate | Year End 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

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.

birdseye view: market snapshot, year end 2019 Crested Butte real estate was hopping again in 2019, with continued strong sales through the holidays. The new decade is starting off with great momentum as well. Bluebird already has 28 transactions in the pipeline. And, although we had a record year, sales in the region were slightly lower last year, but expensive property sales surged.

In the north end of the valley, 17 homes sold over $2 million, as compared to 8 in 2018. Bluebird associates participated in 12 transaction over $2 million last year. Twice as many condo/ townhome sales (6) occurred over $1 million in 2019.

Bluebird also facilitated the sale of two of the three homes that sold over $4m last year.

Prices continue to rise in all sectors. The average home price in Crested Butte and Rural Crested Butte is approximately $1.7 million, a 30% increase over last year. Mountain condos are creeping up to an average price of $500,000. Land prices are getting close to an average price of $400,000, a 40% increase over the previous year.

We have purchasers who are waiting for new listings to come on the market. So, if we have a good supply of product this spring, we should have another great year of sales. These factors indicate that now is a smart time to consider selling, with increasing demand and prices and a declining inventory.

Bluebird is the fastest growing brokerage in the Gunnison valley, and continues to lead the market in listed and sold properties. We also lead the market in luxury listings priced over $1 million. Our sales increased almost 50% over the previous year, and our listing inventory is 50% higher than our nearest competitor. We now have 21 licensed professionals on our team. With a pronounced attention to exceptional marketing and successful results for our clients, we are committed to being the best and to doing our best for our clients and for our community.

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

2019

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

21 1,734,224 33.1% 725 154 22 13

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

24 1,102,063 8.2% 413 189 22 11

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

86 479,264 20.7% 419 141 63 9

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

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

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

27 1,698,093 29.7% 511 246 53 24

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

15 726,133 7.3% 302 140 6 5

83 226,878 13.7% 319

117 273,255 20.4% 305 242 25

146 278,621 2.0% 292 211 17

89 390,023 40.0% 230 248 33

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

*CREN, MLS Data, January 2020

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