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