Birdseye View | Gunnison Market Snapshot | Third Quarter 2022

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gunnison

bringing dreams home

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

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.

property brochure bluebird days magazine

birdseye view: gunnison market snapshot, third quarter 2022

Gunnison is brimming with activity as the brand-new Gunnison library is now open to the public, several new restaurants are available to enjoy including tapas at 1880 and the smoothie bar Delektabowl. 5B’s BBQ is moving to a new location on Tomichi, more art installations are popping up, and new developments including Gunnison Rising and Lazy K are coming available for purchase soon.

Average sales prices in Gunnison are still maintaining value compared to 2021 which was a record-breaking year. The total residential sales volume in the greater Gunnison area to date is keeping pace with 2019 and 2020 sales. Ultimately, fewer properties have sold for higher prices compared to years prior, as the average home price in Gunnison has surpassed $500,000 for the first time.

Gunnison area land and commercial sales continue to experience fewer days on the market than previous years as buyers continue searching for investment opportunities in the area. Bluebird has been involved in the conceptual planning phases with Gunnison Rising, a mixed use,

walkable live/work community. This development will bring an influx of new commercial businesses to the area along with residential parcels, creating attainable inventory for home buyers down the road. Larger commercial tracts and development opportunities are becoming available and infrastructure installment is scheduled to be completed by Spring of 2023.

The Grand Opening of our Main Street building is on track for Spring of 2023 with a new front façade, floor leveling, and structural support all going in before winter. The first quarter of the new year will be spent finishing out the space with a bright, modern and welcoming atmosphere in the heart of downtown.

As the number one brokerage in Gunnison in listings and in sales, Bluebird Real Estate aims to continue bringing dreams home for our clients every day. There is still plenty of opportunity available in the Gunnison market, and our agents are ready to assist whenever you are ready.

Crested Butte

bbre1.com Gunnison 970.641.6691
8771 CR 730 | Offered for $5,100,000
970.349.6691

gunnison area property sales statistics

2018 2019 2021

2020 YTD 9/21 YTD 9/22

Gunnison City

Sales - Single Family 46 52 57 73 Average Price 343,806 363,945 390,667 493,193

Percent Change 6%

Price/ Square Foot 229 Days on Market 95

Gunnison Rural

7% 240 105

26% 292 82 Active Listings 9 6 3 Months of Inventory

11% 201 110 11 3 2 1 0

Sales - Single Family 54 55 79 72 Average Price 466,859 540,069 597,957 705,657

Gunnison Area Condo/TH

Percent Change 16% 11% 18%

Price/ Square Foot 228 250 327 Days on Market 129 167 109 Active Listings 34 27 17 Months of Inventory

18% 230 203 29 6 7 4 3

Sales - Condo/TH 34 24 21 44 Average Price 181,864 223,721 258,410 297,952

Percent Change -6% 23% 16% 15%

Price/ Square Foot 177 204 204 261 Days on Market 117 125 75 65 Active Listings 15 17 8 1 Months of Inventory 5 9 5 0

Sales - Land Average Price Percent Change Days on Market Active Listings Months of Inventory

247

29% 5 -18%

Gunnison Area Land 57 59 61 81 247,047 181,487 154,391 280,782 -27% -15% 312 307 90% 82% 353 33 5

Gunnison Commercial 6 8 4 15 400,833 291,875 336,625 459,100 -11% -27% 15% 36% 133 93 113 130 264 218 194 498 8

Sales - Commercial Average Price Percent Change Price/ Square Foot Days on Market Active Listings Months of Inventory 6

54 488,650 294 75 1 51 701,035 42% 324 118 24 4 51 330,466 18% 285 75 3 1 59 262,508 86% 400 14 359,750 440 497 292 1,094,451 40% 440 139

Gunnison/CB Association 295 253 399 395 641,882 783,986 880,901 1,111,485 6% 22% 12% 26% 274 331 349 441 226 173 237 135 202 233 94 81

-2% 121 30 9

330

37% 4

Sales - Single Family Average Price Percent Change Price/ Square Foot Days on Market Active Listings Months of Inventory 8 11 3 6

32 523,830 7% 347 74 16 5 30 683,872 57 451,500 355 62 24 31 351,570 34% 214 39 11 9 1,368,027 280% 133 142 16 16 165 1,182,621 8% 497 114 117 2 58 2

*CREN, MLS Data, October 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 Crested Butte and Gunnison.

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.

Pictured from L to R: Bud Bush, Jenna May, Patti Miller, Bobby Overturf, Dalynn Trujillo, Joel Vosburg, Chrissy Mitchell, Jenny Knox, Mary Hakala, Bet Egelhoff, Karen Allen, Jana Martin, Brian Cooper, Jennie Barry, Alex Owen, Ross Tunkey, Dan Estey, Maggie Dethloff, Lisa Lenander, Diane Aronovic, Jana Barrett, Joe Summerville, Allison Lee, Steve Mills, Charlie Farnan, Jordi Sendra, Trevor Bona, Not pictured: Natalie Hatchett, Cynthia Wolff, Crockett Farnell
bbre1.com Gunnison 970.641.6691 Crested Butte 970.349.6691