Birdseye View | Crested Butte Market Snapshot | Year-End 2021

bringing dreams home

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

96 Anthracite Drive | Offered for $3,995,000

birdseye view: crested butte market snapshot, year-end 2021 The Crested Butte area and Bluebird experienced another record year for real estate sales! Like most areas around the country, people are buying properties at amazing paces for peak prices. The reaction from the pandemic has produced a feeding frenzy from pent up demand and lifestyle shifts. Many homebuyers are making Crested Butte home, vacating hectic urban settings for a peaceful, beautiful and healthy quality of life. With demand at all-time highs and inventory at all-time lows, we anticipate very strong sales for 2022, despite upcoming interest rate increases and inflation. All of the north valley neighborhoods are averaging over $2 million selling prices for the first time. CB South has eclipsed a $1 million average sale price for the first time. This time last year, there were about 400 properties on the market in the Crested Butte area. Today there are only 100. The condominium market on the mountain is almost completely absorbed,

Crested Butte 970.349.6691 Gunnison 970.641.6691 bbre1.com

with twice as many sales (162) from two years ago, and only 11 properties available compared to 54 a year ago. Land sales have also exploded with 248 transactions in 2021 compared to 131 in the previous year. Two years ago there were 250 tracts available, and today only 66 remain. We do expect some equalization this year as inventory loosens and more properties become available. Buyers will be very happy to have more to choose from and hopefully not have to compete for properties quite as feverishly. Bluebird continues to be the fastest growing independent, boutique brokerage in the valley, entering the Gunnison market with a prime location on Main Street and several top agents. As a market expert and leader, we would welcome the opportunity to meet you and share how we are “bringing dreams home.”

crested crested crested crested crested crested butte butte butte butte area butte area butte area area property area property area property property property property sales sales sales sales statistics sales statistics sales statistics statistics statistics statistics YTD YTDYTD YTD YTD YTD YTD YTDYTD YTD YTD YTD 9/20 9/209/209/20 9/20 9/20 9/21 9/21 9/21 9/21 20219/219/21 2015 20152015 2015 2015 2016 2015 20162016 2016 2016 2016 2017 20172017 2017 2017 2017 2018 20182018 2018 2018 2018 2019 20192019 2019 2019 2019 2020 20202020 2020 2020 2020 Crested Crested Crested Butte Crested Butte Crested Crested Butte Butte Butte Butte 30 30 30 30 30 30 Sales Sales -Sales Single - Sales Single Sales - Single Family Sales - Family Single - Single Family - Single Family Family Family 26 26 26 26 2627 26 27 27 27 27 27 23 23 23 23 23 23 22 22 22 22 22 22 21 21 21 21 21 2119 19 19 19 19 1941 41 41 41 41 41 2,318,500 2,318,500 2,318,500 2,318,500 2,318,500 2,318,500 Average Average Average Price Average Price Average Average Price Price Price Price803,404 803,404 803,404 803,404 803,404 1,157,515 803,404 1,157,515 1,157,515 1,157,515 1,157,515 1,157,515 1,363,624 1,363,624 1,363,624 1,363,624 1,363,624 1,363,624 1,302,877 1,302,877 1,302,877 1,302,877 1,302,877 1,302,877 1,734,224 1,734,224 1,734,224 1,734,224 1,734,224 1,734,224 1,609,646 1,609,646 1,609,646 1,609,646 1,609,646 1,609,646 1,477,567 1,477,567 1,477,567 1,477,567 1,477,567 1,477,567 18% 33% Percent Percent Percent Change Percent Change Percent Change Percent Change Change Change 44.1% 44.1%44% 44.1% 44.1% 44.1% 17.8% 17.8% 17.8% 17.8% 17.8% -4.5% -4.5% -4.5% 4.5% 33.1% 4.5% 33.1% 33.1% 33.1% 33.1% -7.2% -7.2% -7.2% -7.2% -7.2% -7% 44.0% 44.0% 44% 44.0% 44.0% 44.0% 44.0% -18.0% -18.0% -18.0% -18.0% -18.0% -18.0% -5% Price/ Price/ Square Price/ Square Price/ Price/ Square Foot Price/ Square Foot Square Foot Square Foot Foot Foot 450450 450450450546 450546 546546546546 560560 560560560560 588588 588588588588 725725 725725725725 752752 752752752752 711711 711711711711 993993 993993993993 Days Days onDays on Market Days Market on Days Days on Market on Market on Market Market245245 245245245175 245175 175175175175 247247 247247247247 217217 217217217217 154154 154154154154 175175 175175175175 211211 211211211211 128128 128128128128 Active Active Active Listings Listings Active Active Listings Active Listings Listings Listings 16 16 16 16 1615 16 15 15 15 15 15 18 18 18 18 18 18 20 20 20 20 20 20 22 22 22 22 22 2216 16 16 16 16 167 7 7 7 7 11 7 11 11 11 11 11 Months Months Months of Months Inventory ofofMonths Inventory ofMonths Inventory of Inventory of ofInventory Inventory 7 7 7 7 7 67 6 6 6 6 69 9 9 9 9 11 9 11 11 11 11 11 13 13 13 13 13 138 8 8 8 8 8 2 2 2 2 2 24 4 4 4 4 4 Mount Mount Mount Crested Mount Crested Mount Crested Mount Butte Crested Butte Crested Crested Butte Butte Butte Butte Sales Sales -Sales Single - Sales Single Sales - Single Family Sales - Family Single - Single Family - Single Family Family Family 26 26 26 26 2622 26 22 22 22 22 22 29 29 29 29 29 29 30 30 30 30 30 30 24 24 24 24 24 2412 12 12 12 12 1233 33 33 33 33 33 41 41 41 41 41 41 2,121,756 2,121,756 2,121,756 2,121,756 2,121,756 2,121,756 Average Average Average Price Average Price Average Average Price Price Price Price968,404 968,404 968,404 968,404 968,404 1,149,801 968,404 1,149,801 1,149,801 1,149,801 1,149,801 1,149,801 1,028,800 1,028,800 1,028,800 1,028,800 1,028,800 1,028,800 1,018,750 1,018,750 1,018,750 1,018,750 1,018,750 1,018,750 1,102,063 1,102,063 1,102,063 1,102,063 1,102,063 1,102,063 1,409,539 1,409,539 1,409,539 1,409,539 1,409,539 1,409,539 1,181,058 1,181,058 1,181,058 1,181,058 1,181,058 1,181,058 11.4% 11.4% 11.4% 11.4% 11.4% 51% -1% 8%11.4% Percent Percent Percent Change Percent Change Percent Change Percent Change Change Change 18.7% 18.7% 18.7% 18.7% -10.5% 18.7% -10.5% 10.5% -10.5% -10.5% -1.0% -1.0% -1.0% -1.0% -1.0% 8.2% 8.2%8.2% 8.2% 8.2% 27.9% 27.9% 27.9% 27.9% 27.9% -11% 50.5% 50.5% 50.5% 50.5% 50.5% 50.5% 19% 28% 433433 433433433433 Price/ Price/ Square Price/ Square Price/ Price/ Square Foot Price/ Square Foot Square Foot Square Foot Foot Foot 337337 337337337373 337373 373373373373 331331 331331331331 363363 363363363363 413413 413413413413 459459 459459459459 583583 583583583583 Days Days onDays on Market Days Market on Days Days on Market on Market on Market Market221221 221221221332 221332 332332332332 243243 243243243243 252252 252252252252 189189 189189189189 225225 225225225225 126126 126126126126 216216 216216216216 9 9 9 9 9 9 Active Active Active Listings Listings Active Active Listings Active Listings Listings Listings 43 43 43 43 4335 43 35 35 35 35 35 27 27 27 27 27 27 25 25 25 25 25 25 22 22 22 22 22 2217 17 17 17 17 1718 18 18 18 18 18 Months Months Months of Months Inventory ofofMonths Inventory ofMonths Inventory of Inventory of ofInventory Inventory 18 18 18 18 1816 18 16 16 16 16 16 11 11 11 11 11 11 10 10 10 10 10 10 11 11 11 11 11 1113 13 13 13 13 137 7 7 7 7 73 3 3 3 3 3 Mount Mount Mount CBMount CB Condo/TH Mount Condo/TH CB Mount CB Condo/TH CB Condo/TH CB Condo/TH Condo/TH Sales Sales -Sales Condo/TH - Sales Condo/TH Sales - Condo/TH Sales - Condo/TH - Condo/TH - Condo/TH84 84 84 84 84148 84148 148148148148 137137 137137137137 122122 122122122122 86 86 86 86 86 8658 58 58 58 58 58 126126 126126126126 162162 162162162162 418,612 418,612 418,612 418,612 418,612 418,612 543,294 543,294 543,294 543,294 543,294 543,294 Average Average Average Price Average Price Average Average Price Price Price Price267,523 267,523 267,523 267,523 267,523 264,769 267,523 264,769 264,769 264,769 264,769 264,769 362,701 362,701 362,701 362,701 362,701 362,701 397,107 397,107 397,107 397,107 397,107 397,107 479,264 479,264 479,264 479,264 479,264 479,264 493,004 493,004 493,004 493,004 493,004 493,004 37% 21% 3% 10%10.2% 10% Percent Percent Percent Change Percent Change Percent Change Percent Change Change Change -1.0% -1.0%-1% -1.0% -1.0% -1.0% 37.0% 37.0% 37.0% 37.0% 37.0% 9.5% 9.5%9.5% 9.5% 9.5% 20.7% 20.7% 20.7% 20.7% 20.7% 2.9%2.9% 2.9% 2.9% 2.9% 10.2% 10.2% 10.2% 10.2% 10.2% -17.0% -17.0% -17.0% -17.0% -17.0% -17.0% 429429429429429429 538538 538538538538 Price/ Price/ Square Price/ Square Price/ Price/ Square Foot Price/ Square Foot Square Foot Square Foot Foot Foot 230230 230230230264 230264 264264264264 311311 311311311311 366366 366366366366 419419 419419419419 441441 441441441441 144144 144144144144 155155 155155155155 Days Days onDays on Market Days Market on Days Days on Market on Market on Market Market249249 249249249246 249246 246246246246 161161 161161161161 147147 147147147147 141141 141141141141 168168 168168168168 Active Listings 127 66 49 61 63 Active Active Listings Active Active Listings Active Listings Listings Listings 127 127127127127 66 66 66 66 66 49 49 49 49 49 61 61 61 61 61 63 63 63 63 63101101 101101101101 54 54 54 54 54 54 11 11 11 11 11 11 Months ofMonths Inventory Months Months of Months Inventory of ofMonths Inventory of Inventory of ofInventory Inventory 18 18 18 18 18 18 5 5 5 5 5 54 4 4 4 4 46 6 6 6 6 69 9 9 9 9 916 16 16 16 16 165 5 5 5 5 51 1 1 1 1 1 Crested Crested Crested Butte Crested Butte Crested Crested Rural Butte Rural Butte Butte Rural Butte Rural Rural Rural 53 53 53 53 53 53 Sales Sales -Sales Single - Sales Single Sales - Single Family Sales - Family Single - Single Family - Single Family Family Family 31 31 31 31 3129 31 29 29 29 29 29 38 38 38 38 38 38 30 30 30 30 30 30 27 27 27 27 27 2722 22 22 22 22 2262 62 62 62 62 62 Average Average Average Price Average Price Average Average Price Price Price Price1,318,661 1,318,661 1,318,661 1,318,661 1,318,661 1,434,216 1,318,661 1,434,216 1,434,216 1,434,216 1,434,216 1,434,216 1,496,539 1,496,539 1,496,539 1,496,539 1,496,539 1,496,539 1,309,300 1,309,300 1,309,300 1,309,300 1,309,300 1,309,300 1,698,093 1,698,093 1,698,093 1,698,093 1,698,093 1,698,093 1,834,501 1,834,501 1,834,501 1,834,501 1,834,501 1,834,501 2,173,177 2,173,177 2,173,177 2,173,177 2,173,177 2,173,177 1,779,680 1,779,680 1,779,680 1,779,680 1,779,680 1,779,680 19% 34.1% 34.1% 34.1% 34.1% 34.1% 34.1% 30% Percent Percent Percent Change Percent Change Percent Change Percent Change Change Change 8.8% 8.8%9% 8.8% 8.8% 8.8% 4.3% 4.3%4.3%4% 4.3% -12.5% 4.3% -12.5% -12.5% 12.5% 12.5% 29.7% 29.7% 29.7% 29.7% 29.7% 8.0% 8.0% 8.0% -13% 8%8.0%8.0% 18.5% 18.5% 18.5% 18.5% 18.5% 18.5% 703703 703703703703 445445 445445445445 Price/ Price/ Square Price/ Square Price/ Price/ Square Foot Price/ Square Foot Square Foot Square Foot Foot Foot 361361 361361361439 361439 439439439439 451451 451451451451 389389 389389389389 511511 511511511511 483483 483483483483 268268 268268268268 Days Days onDays on Market Days Market on Days Days on Market on Market on Market Market229229 229229229275 229275 275275275275 211211 211211211211 208208 208208208208 246246 246246246246 252252 252252252252 152152 152152152152 7 7 7 7 7 7 Active Active Active Listings Listings Active Active Listings Active Listings Listings Listings 44 44 44 44 4444 44 44 44 44 44 41 41 41 41 41 41 58 58 58 58 58 58 53 53 53 53 53 5329 29 29 29 29 2917 17 17 17 17 17 Months Months Months of Months Inventory ofofMonths Inventory ofMonths Inventory of Inventory of ofInventory Inventory 16 16 16 16 1617 16 17 17 17 17 17 13 13 13 13 13 13 23 23 23 23 23 23 24 24 24 24 24 2412 12 12 12 12 123 3 3 3 3 32 2 2 2 2 2 South CBCB South CB CB South CB South CB South South Sales Sales -Sales Single - Sales Single Sales - Single Family Sales - Family Single - Single Family - Single Family Family Family 18 18 18 18 1812 18 12 12 12 12 12 18 18 18 18 18 18 20 20 20 20 20 20 15 15 15 15 15 159 9 9 9 9 918 18 18 18 18 18 26 26 26 26 26 26 772,000 772,000 772,000 772,000 772,000 772,000 Average Average Average Price Average Price Average Average Price Price Price Price484,972 484,972 484,972 484,972 484,972 584,708 484,972 584,708 584,708 584,708 584,708 584,708 632,445 632,445 632,445 632,445 632,445 632,445 676,657 676,657 676,657 676,657 676,657 676,657 726,133 726,133 726,133 726,133 726,133 726,133 794,338 794,338 794,338 794,338 794,338 794,338 1,035,864 1,035,864 1,035,864 1,035,864 1,035,864 1,035,864 Percent Percent Percent Change Percent Change Percent Change Percent Change Change Change 20.6% 20.6% 20.6% 20.6% 20.6% 8.2% 8.2%8.2%8% 8.2% 8.2% 7.0% 7.0%7.0% 7.0%7% 7.0% 7.3% 7.3%7.3% 7.3% 7.3% 9.4% 9.4% 9.4% 21% 7%12.1% 30.4% 9%9.4%9.4% 12.1% 12.1% 12.1% 12.1% 12.1% 30%30.4% 30.4% 30.4% 30.4% 30.4% Price/ Price/ Square Price/ Square Price/ Price/ Square Foot Price/ Square Foot Square Foot Square Foot Foot Foot 221221 221221221251 221251 251251251251 275275 275275275275 287287 287287287287 302302 302302302302 311311 311311311311 293293 293293293293 447447447447447447 Days Days onDays on Market Days Market on Days Days on Market on Market on Market Market106106 106106106119 106119 119119119119 192192 192192192192 144144 144144144144 140140 140140140140 169169 169169169169 204204 204204204204 78 78 78 78 78 78 Active Active Active Listings Listings Active Active Listings Active Listings Listings Listings 8 8 8 8 8 48 4 4 4 4 47 7 7 7 7 76 6 6 6 6 66 6 6 6 6 610 10 10 10 10 100 0 0 0 0 0 0 0 0 0 0 Months Months Months of Months Inventory ofofMonths Inventory ofMonths Inventory of Inventory of ofInventory Inventory 4 4 4 4 4 24 2 2 2 2 25 5 5 5 5 54 4 4 4 4 45 5 5 5 5 510 10 10 10 10 100 0 0 0 0 0 0 0 0 0 0 Land Land -Land All - Land All CB Land - CB All Land - All CB - All CB - All CBCB Sales Sales -Sales Land - Sales Land Sales - Land Sales - Land - Land - Land 104104 104104104104 83 83 83 83 83117 83117 117117117117 146146 146146146146 89 89 89 89 89 8959 59 59 59 59 59 131131 131131131131 248248 248248248248 526,759 526,759 526,759 526,759 526,759 526,759 Average Average Average Price Average Price Average Average Price Price Price Price199,468 199,468 199,468 199,468 199,468 226,878 199,468 226,878 226,878 226,878 226,878 226,878 273,255 273,255 273,255 273,255 273,255 273,255 278,621 278,621 278,621 278,621 278,621 278,621 390,023 390,023 390,023 390,023 390,023 390,023 431,745 431,745 431,745 431,745 431,745 431,745 415,400 415,400 415,400 415,400 415,400 415,400 -3.9% -3.9% -3.9% -3.9% -3.9% -3.9% 40% 22% 14% 20% 11% Percent Percent Percent Change Percent Change Percent Change Percent Change Change Change 13.7% 13.7% 13.7% 13.7% 13.7% 20.4% 20.4% 20.4% 20.4% 20.4% 2.0% 2.0%2.0% 2.0%2% 2.0% 40.0% 40.0% 40.0% 40.0% 40.0% 10.7% 10.7% 10.7% 10.7% 10.7% 22.0% 22.0% 22.0% 22.0% 22.0% 22.0% 295295 295295295295 Days Days onDays on Market Days Market on Days Days on Market on Market on Market Market397397 397319 319319319319 305305 305305305305 292292 292292292292 230230 230230230230 349349 349349349349 447447 447447447447 397397397397319 66 66 66 66 66 66 244 242242 242242242242 227 Active Active Active Listings Listings Active Active Listings Active Listings Listings Listings 242242 242242242242 211211 211211211211 248248 248248248248 151151 151151151151 3 3 3 3 3 3 Months Months Months of Months Inventory ofofMonths Inventory ofMonths Inventory of Inventory of ofInventory Inventory26 25 25 25 25 25 25 17 17 17 17 17 17 33 33 33 33 33 3337 37 37 37 37 3714 14 14 14 14 14 35

*CREN, *CREN, *CREN, MLSMLS *CREN, Data, *CREN, MLS Data, *CREN, January MLS Data, January MLS Data, MLS January 2021 Data, January 2021 Data, January 2021 January 2021 2021 2021

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 in modern buildings with superior street visibility and traffic.

Picture from L to R: Natalie Hatchett, Lisa Lenander, Joe Summerville, Jennie Barry, Bet Egelhoff, Dan Estey, Mary Hakala, Dalynn Trujillo, Alex Owen, Patti Hensley, Bud Bush, Jordi Sendra, Joel Vosburg, Charlie Farnan, Maggie Dethloff, Trevor Bona, Karen Allen, Diane Aronovic, Jana Barrett, Jenny Knox, Jenna May Not pictured: Cynthia Wolff, Ross Tunkey, Steve Mills, Brian Cooper, Bobby Overturf

2019 VISU AL D ESIG N BLU REAL EBIRD ESTA TE

BEST

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.

Sales Volume ($M)

30

250

25

200

20

150

15

100

10

50

5

Associates

300

2017

2018

2019

Sales Volume

Crested Butte 970.349.6691 Gunnison 970.641.6691 bbre1.com

2020

Associates

2021