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.
262 Larkspur Loop | Offered for $1,195,000
birdseye view: market snapshot, fall 2019 Farmers live and breathe on precipitation, and it dominates the talk around the rural coffee shops. Similarly, it’s funny what an impact snowfall has on life, activities and real estate around the Crested Butte region. Last winter, we experienced a heavy year for snow, which happily coincided with Vail Resorts’ purchase of our ski area. New visitors on the Epic pass enjoyed great powder days and new energy on the mountain and in town. The extra snowfall delayed the start of our summer season for hiking, biking, fishing and selling real estate. Our summer sales gained momentum later in the season and are thriving well into fall. Bluebird is enjoying another record year of growth and sales. Year-end holiday activity will determine if regional sales will be in line with last year’s numbers. Bigger sales are occurring and creating new record highs in our valley. Newer construction homes in premium locations are achieving over $1,000 per square foot. This year, we will have twice the number of homes selling above $2 million (8 sales all of last year, and 14 sales to date). There have been 10 lot sales over $1 million, and only 4 sold last year. Prices continue to rise in all sectors, even with growing inventory and leveling sales. The average home in Crested Butte is now selling for nearly $725 per square foot. Mountain condominiums are selling for $500,000 on average. A normal lot in the upper valley is now selling for $432,000, a 72% increase over the same period last year. In short, more expensive properties are selling, driving up average prices. Purchasers who are less influenced by market fluctuations are confident in securing properties which suit their lifestyles. The beauty and peaceful culture of Crested Butte continue to attract discerning buyers and investors from not only our primary markets, but from all over the country – and now the world, thanks to Vail’s global marketing of the Epic pass. Bluebird is the fastest growing luxury brokerage in Crested Butte, and leads the market in available offerings. With a sincere mission for exceptional marketing and successful results for our clients, we are earning the confidence of our community, and we are grateful for the successes and the relationships that we have built.
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 9/18
YTD 9/19
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
15 1,077,219 -21.3% 580 222 19 11
17 1,802,041 67.3% 724 158 25 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
25 978,240 17.6% 377 254 20 7
18 1,060,222 8.4% 397 200 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
93 365,277 5.5% 358 142 33 3
52 504,478 38.1% 428 141 65 11
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
19 1,219,526 -22.9% 363 237 54 26
16 1,326,750 8.8% 461 255 58 33
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
12 670,708 23.6% 297 138 5 4
11 688,455 2.6% 305 150 7 6
83 226,878 13.7% 319
117 273,255 20.4% 305 242 25
146 278,621 2.0% 292 211 17
107 251,309 5.9% 308 231 19
67 432,090 71.9% 238 266 36
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, October 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