Birdseye View | Gunnison Market Snapshot | Second Quarter 2022

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gunnison bringing dreams home


Welcome to Bluebird Real Estate, a premium home buying and selling experience in the Gunnison Valley and Crested Butte area of 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.

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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.


329 Spring Meadows Trail | Offered for $1,095,000

birdseye view: gunnison market snapshot, second quarter 2022 Summer in Gunnison is always an exciting time with weekly concerts at the I Bar Ranch, Cattlemen’s Days Rodeo festivities and abundant outdoor recreation. Many homeowners are already getting ready for winter and finishing home projects before the snow starts to fly in the fall. Municipal developments are in high gear, with a beautiful new mural at IOOF park nearing completion on Main St, design work underway on the Whitewater Park improvements and a new traffic safety plan recently receiving City funding. As summer heats up, so does the real estate market. Available inventory for single family homes in Gunnison typically peaks in June or July each year. This rings true so far this year as well, with 51 homes currently on the market in the greater Gunnison area. The average sales price for single family homes since January is just over $600,000. However, the current available inventory has an average list price of over $1,150,000. This increase is partly due to larger home sizes hitting the market, as well as the overall increase in market value. Although we are seeing a lower quantity of home sales across the entire Gunnison County market area compared to this time last year, sales to date this year have larger average home sizes with higher sales prices.

Gunnison 970.641.6691 Crested Butte 970.349.6691 bbre1.com

Condo and Townhome sales are quickly fleeting, with properties selling as soon as they hit the market. These price points and property types are highly desirable with only four units currently active on the market. New condominiums or townhomes that become available are seen as great values and should sell fast. Exclusively listed by Bluebird Real Estate, only a handful of The Lofts townhomes remain available. Gunnison area land sales are another hot commodity with a 76% increase in average sales price compared to this time last year. However, with 40 land listings currently available for purchase in the greater Gunnison area, there is still opportunity for buyers to make their move. Commercial sales in Gunnison continue to reach new heights with the average sold price just under $1.5 million. This represents a 270% increase over the prior year due to a hotel property sale, along with two other large commercial spaces in the first half of the year. Regardless of the property type or location, Bluebird is here to help whenever you are ready, and we will continue “bringing dreams home” for our clients and neighbors in the community!


gunnison area property sales statistics 2018

2019

2020

YTD 6/21

2021

YTD 6/22

Gunnison City Sales - Single Family Average Price Percent Change Price/ Square Foot Days on Market Active Listings Months of Inventory

46 343,806 11% 201 110 11 3

52 363,945 6% 229 95 9 2

57 390,667 7% 240 105 6 1

36 478,870 34% 286 71 10 2

73 493,193 26% 292 82 3 0

15 552,580 15% 333 85 16 6

Gunnison Rural Sales - Single Family Average Price Percent Change Price/ Square Foot Days on Market Active Listings Months of Inventory

54 466,859 18% 230 203 29 6

55 540,069 16% 228 129 34 7

79 597,957 11% 250 167 27 4

24 587,208 17% 275 150 29 7

72 705,657 18% 327 109 17 3

15 672,311 14% 313 157 35 14

Gunnison Area Condo/TH Sales - Condo/TH Average Price Percent Change Price/ Square Foot Days on Market Active Listings Months of Inventory

34 181,864 -6% 177 117 15 5

24 223,721 23% 204 125 17 9

21 258,410 16% 204 75 8 5

19 322,594 43% 233 81 5 2

44 297,952 15% 261 65 1 0

11 301,590 -7% 301 62 4 2

57 247,047 90% 247

59 181,487 -27% 312

61 154,391 -15% 307

33 214,122 13% 461

81 280,782 82% 353 33 5

21 376,317 76% 263 40 11

6 400,833 -11% 133 264

8 291,875 -27% 93 218

4 336,625 15% 113 194

9 401,833

15 459,100 36% 130 498 8 6

8 1,488,125 270% 136 153 10 8

295 641,882 -6% 274 226 202 8

253 783,986 22% 331 173 233 11

399 880,901 12% 349 237 94 3

167 1,025,081 30% 416 150 113 4

395 1,111,485 26% 441 135 58 2

89 1,294,663 26% 518 144 138 9

Gunnison Area Land Sales - Land Average Price Percent Change Days on Market Active Listings Months of Inventory Gunnison Commercial Sales - Commercial Average Price Percent Change Price/ Square Foot Days on Market Active Listings Months of Inventory Gunnison/CB Association Sales - Single Family Average Price Percent Change Price/ Square Foot Days on Market Active Listings Months of Inventory

115 618

*CREN, MLS Data, July 2022


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. We are strategically located in downtown Gunnison and Crested Butte in modern buildings with superior street visibility and traffic.

Gunnison office pictured L to R: Bobby Overturf, Chrissy Ward, Brian Cooper, Bud Bush, Steve Mills, Patti Hensley, Mary Hakala, Alex Owen

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.


Gunnison 970.641.6691 Crested Butte 970.349.6691 bbre1.com