Birdseye View | Crested Butte Market Snapshot | First Quarter 2023

Page 1

crested butte 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.

96 Anthracite Drive Mt. Crested Butte property brochure bluebird days magazine

birdseye view: crested butte market snapshot, first quarter 2023

Epic powder skiing has been the main topic of conversation this winter. Crested Butte enjoyed over 325 inches of new snow on the ski mountain for the first time in decades. We were one of the most popular destinations in the country for spring skiing. Waiting for a table at the Breadery, you could meet people from the UK, New Zealand, New York and San Francisco.

It wasn’t easy to see real estate during these times with the mounds of snow covering homes and condominiums. As the spring emerges, we anticipate a surge in the selling season from a quiet start to the year. As buyers have become more patient and the inventory of available properties begins to grow, sales should blossom with our super-bloom this summer. With more to choose from, we expect some lingering pent up demand to be satisfied from purchasers who have been watching and waiting.

Sales are down from this time last year, aligning more with pre-covid activity in 2019. Prices are also normalizing from the covid peaks. Better

deals are to be had with adjusting prices. Buyers seem to be selecting more value-oriented properties as homes below $2 million and condominiums under $1 million are outselling their more expensive counterparts.

Echoing trends from the 2008 correction, we could see purchasers investing in hard assets like real estate as the stock market and banking sector stabilizes.

Bluebird is positioned to be the leading source for listings and sales throughout the valley with the grand opening of our permanent downtown Gunnison location this spring. Our associates are committed to achieving successful results and the best prices for our clients. We are local, with global reach through our exclusive association with Leading Real Estate Companies of the World and Luxury Portfolio International, and we would like to show you how we are “bringing dreams home.”

Crested Butte 970.349.6691 bbre1.com Gunnison 970.641.6691
2 Moon Ridge Lane | Offered for $4,950,000

crested butte area property sales statistics

*CREN, MLS Data, April 2023

Crested Butte Sales - Single Family Average Price Percent Change Price/ Square Foot Days on Market Active Listings Month of Inventory Mount Crested Butte Sales - Single Family Average Price Percent Change Price/ Square Foot Days on Market Active Listings Month of Inventory Mount CB Condo/TH Sales - Condo/TH Average Price Percent Change Price/ Square Foot Days on Market Active Listings Month of Inventory Crested Butte Rural Sales - Single Family Average Price Percent Change Price/ Square Foot Days on Market Active Listings Month of Inventory CB South Sales - Single Family Average Price Percent Change Price/ Square Foot Days on Market Active Listings Month of Inventory Land - All CB Sales - Land Average Price Percent Change Days on Market Active Listings Month of Inventory
2017 23 1,363,624 18% 560 247 18 9 29 1,028,800 -11% 331 243 27 11 137 362,701 37% 311 161 49 4 38 1,496,539 4% 451 211 41 13 18 632,445 8% 275 192 7 5 117 273,255 20% 305 242 25 2018 22 1,302,877 -4% 588 217 20 11 30 1,018,750 -1% 363 252 25 10 122 397,107 9% 366 147 61 6 30 1,309,300 -13% 389 208 58 23 20 676,657 7% 287 144 6 4 146 278,621 2% 292 211 17 2019 21 1,734,224 33% 725 154 22 13 24 1,102,063 8% 413 189 22 11 86 479,264 21% 419 141 63 9 27 1,698,093 30% 511 246 53 24 15 726,133 7% 302 140 6 5 89 390,023 40% 230 248 33 2020 41 1,609,646 -7% 752 175 7 2 33 1,409,539 28% 459 225 18 7 126 493,004 3% 441 168 54 5 62 1,834,501 8% 483 252 17 3 18 794,338 9% 311 169 0 0 131 431,745 11% 349 151 14 2021 30 2,318,500 44% 993 128 11 4 41 2,121,756 51% 583 126 9 3 162 543,294 10% 538 155 11 1 53 2,173,177 18% 703 152 7 2 26 1,035,864 30% 447 78 0 0 248 526,759 22% 447 66 3 2022 12 3,087,500 33% 1,288 212 22 22 18 2,074,394 -2% 713 161 9 6 126 632,532 16% 675 81 33 3 34 2,621,138 21% 771 115 22 8 14 1,242,500 20% 658 76 1 1 89 894,674 70% 356 91 12 3/22 3 2,626,666 66% 1,128 118 14 14 4 2,647,650 74% 723 134 3 2 36 612,062 6% 611 104 17 1 4 1,733,875 1% 747 130 6 5 3 1,190,833 35% 578 78 0 0 31 1,047,870 98% 457 58 6 3/23 3 1,645,000 -37% 1,123 121 22 22 0 0 0 0 0 9 0 10 716,478 17% 716 85 36 11 4 2,303,250 33% 718 171 15 11 2 1,058,075 -11% 476 156 1 2 10 624,750 -40% 214 88 26 YTD YTD

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

Bluebird exists to keep the interests of our clients our highest priority , with exceptional marketing, knowledgeable communication and most importantly, successful results.

market leader

Bluebird leads the market with the highest number of properties sold last year, the most available properties and the best agents in the valley.

Crested Butte
bbre1.com Gunnison
970.349.6691
970.641.6691
*Per CREN MLS, January 2023 Properties Sold Available Properties 204 69 Top Producing Agents 10 1
2
residential, land and commercial 3
3 2 1
— Number of properties sold in the Gunnison Valley in 2022
Number of available properties compared to all brokerages in
— Agents in the Top 50 compared to all brokerages

Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.