Bluebird Real Estate | August 2020

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

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crested butte | colorado

property brochure

bringing dreams home

summer & fall 2020 | issue 5

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 550 brokerages in 70 countries.

30 Belleview Drive | Offered for $3,875,000

birdseye view: market snapshot, mid year 2020 Thankfully, as we anticipated, real estate sales have taken off since a very modest level of activity in Crested Butte this spring. Three factors seem to be playing in to our explosive surge in sales. First, we had a high level of pent up demand from visitors who had to postpone trips from earlier in the year. Second, our home seekers are re-evaluating their lifestyle choices, realizing that working remotely is possible, and peaceful, beautiful surroundings enhance their quality of life. Third, the shock of a global pandemic has forced people to accelerate bucket list plans to live life the way they envision, and not wait on tomorrow’s uncertainty.

Surprisingly, sales are catching up to last year and might even surpass 2019’s results if buyer demand and confidence sustains through the fall.

Bluebird’s sales this year are actually 60% higher than mid-year 2019. Prices continue to rise and average time on the market continues to drop in the north end of the valley. The average price in the Town of Crested Butte has eclipsed $1.8 million, and in CB South the average selling price has surpassed $800,000 for the first time with only six available homes for sale.

Area listing inventory remains low as properties are selling quicker than ever. Attractive new listings are seeing multiple offers in their first week on the market. In Mt. Crested Butte, there are merely seven available homes. Mountain properties that have spent months and years on the market are selling consistently without price adjustments. In rural Crested Butte, the average selling price is over $1.5 million and there are only eighteen active listings.

Bluebird is grateful to continue to lead the market this year in sales as well as properties priced over $1 million, with nearly twenty percent of the overall market. The firm has represented five of the six clients in the highest priced transactions year to date. Bluebird also represents the highest number of available properties in the Crested Butte area with 163.

Our associates are reflecting that they haven’t seen this level of energy in the market since 2007. We project that with the delayed start to our summer market, sales will remain vibrant deeper into the fall and transitioning into the holidays. Maybe Crested Butte has been discovered, but shhh, don’t tell anyone.

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 6/19

2019

YTD 6/20

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

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

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

10 1,831,815 3.1% 739 170 10 6

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

10 930,000 -12.8% 362 243 24 14

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

9 1,083,300 16.5% 462 122 7 5

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

37 496,770 61.0% 434 153 74 12

86 479,264 20.7% 419 141 63 9

34 414,305 -16.6% 447 148 64 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

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

11 704,227 10.2% 302 162 4 2

15 726,133 7.3% 302 140 6 5

3 820,000 16.4% 243 228 6 12

83 226,878 13.7% 319

117 273,255 20.4% 305 242 25

146 278,621 2.0% 292 211 17

36 526,520 139.2% 209 265 44

89 390,023 40.0% 230 248 33

19 236,477 -55.1% 281 290 92

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

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

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

9 1,561,527 25.3% 444 209 18 12

*CREN, MLS Data, July 2020

bluebird associates and staff 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.

Pictured from L to R: Maggie Dethloff, Parker LaDue, Rich Kelley, Lisa Lenander, Jenna May, Jana Barrett, Dalynn Trujillo, Bud Bush, Erin Croke-Renfro, Corey Dwan, Sandy Perrino, Joel Vosburg, Cynthia Wolff, Diane Aronovic, Jennie Barry, Joe Summerville, Trevor Bona, Karen Allen Not Pictured: Dan Estey, Charlie Farnan, Jenny Knox

2019 T VIS UAL DES IGN BL REA UEBIRD L ES TAT E

BES

Bluebird’s award winning website, bbre1.com, attracts discerning buyers and sellers regionally and from around the globe. Recently the website was recognized for Best Visual Design, an international honor from our member company, Leading Real Estate Companies of the World.

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 163 listings, 71 sold properties, and 19 million-dollar sales this year to date in the Crested Butte area.

163

71

19

Listed Properties

Sold Properties

Million-Dollar Sales *Per CREN MLS, August 2020

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