Birdseye View | Crested Butte Market Snapshot | Fall 2023

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.

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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.

42 Gold Link Drive | Offered for $7,500,000

birdseye view: crested butte market snapshot, fall 2023 As we transition through one of the most beautiful seasons of the year, we are enjoying one of the most vibrant displays of fall color that we have seen in years. Real estate right now is displaying the peak hues of the year and business has been bustling.

Following a significant pause in sales starting this time last year, activity has rebounded through the third quarter with strong sales this summer and into fall. Expensive property closings and cash transactions less influenced by interest rate increases have excelled. Bluebird participated in the highest ever sale in Crested Butte this summer with a closing price of over $8.5 million in Aperture.

Although inventory has been growing, which has been a real benefit to purchasers, prices of homes in Crested Butte ($2.8m) and Mt Crested Butte ($2.5m) continue to rise. This is the same for mountain condominiums, now averaging nearly $720,000. Mid level sales are steady and prices have

Crested Butte 970.349.6691 Gunnison 970.641.6691 bbre1.com

stabilized in rural Crested Butte averaging $2.3 million, CB South averaging just over $1 million and with area land averaging nearly $650,000.

Crested Butte is an emerging market in the ski resort sector that is being recognized by investors and purchasers for its relative value, peaceful culture, quality of life, and picturesque setting.

Bluebird continues to lead the regional market with Gunnison and Crested Butte offices serving the entire valley and the most experienced and highest producing agents in the area. We are grateful for our loyal and steady community that we value and serve in every way possible every day.

Bluebird is the exclusive regional member of Luxury Portfolio International, the leading collection of independent brokerages and luxury properties in the world.

crested butte area property sales statistics Crested Butte Sales - Single Family Average Price Percent Change Price/ Square Foot Days on Market Active Listings Month of Inventory

2017

2018

2019

2020

2021

YTD 9/22

2022

YTD 9/23

23 1,363,624 18% 560 247 18 9

22 1,302,877 -4% 588 217 20 11

21 1,734,224 33% 725 154 22 13

41 1,609,646 -7% 752 175 7 2

30 2,318,500 44% 993 128 11 4

9 2,761,111 26% 1,173 230 19 19

12 3,087,500 33% 1,288 212 22 22

11 2,875,460 4% 1,231 201 26 21

Mount Crested Butte Sales - Single Family Average Price Percent Change Price/ Square Foot Days on Market Active Listings Month of Inventory

29 1,028,800 -11% 331 243 27 11

30 1,018,750 -1% 363 252 25 10

24 1,102,063 8% 413 189 22 11

33 1,409,539 28% 459 225 18 7

41 2,121,756 51% 583 126 9 3

16 2,131,193 4% 717 172 6 3

18 2,074,394 -2% 713 161 9 6

15 2,540,866 19% 668 139 15 9

Mount CB Condo/TH Sales - Condo/TH Average Price Percent Change Price/ Square Foot Days on Market Active Listings Month of Inventory

137 362,701 37% 311 161 49 4

122 397,107 9% 366 147 61 6

86 479,264 21% 419 141 63 9

126 493,004 3% 441 168 54 5

162 543,294 10% 538 155 11 1

107 613,010 4% 662 81 26 2

126 632,532 16% 675 81 33 3

52 719,931 17% 691 123 47 8

Crested Butte Rural Sales - Single Family Average Price Percent Change Price/ Square Foot Days on Market Active Listings Month of Inventory

38 1,496,539 4% 451 211 41 13

30 1,309,300 -13% 389 208 58 23

27 1,698,093 30% 511 246 53 24

62 1,834,501 8% 483 252 17 3

53 2,173,177 18% 703 152 7 2

23 2,771,682 36% 774 102 18 7

34 2,621,138 21% 771 115 22 8

23 2,382,152 -14% 763 124 20 8

CB South Sales - Single Family Average Price Percent Change Price/ Square Foot Days on Market Active Listings Month of Inventory

18 632,445 8% 275 192 7 5

20 676,657 7% 287 144 6 4

15 726,133 7% 302 140 6 5

18 794,338 9% 311 169 0 0

26 1,035,864 30% 447 78 0 0

11 1,230,878 14% 648 65 2 2

14 1,242,500 20% 658 76 1 1

9 1,085,905 -12% 520 121 0 0

Land - All CB Sales - Land Average Price Percent Change Days on Market Active Listings Month of Inventory

117 273,255 20% 305 242 25

146 278,621 2% 292 211 17

89 390,023 40% 230 248 33

131 431,745 11% 349 151 14

248 526,759 22% 447 66 3

80 949,762 83% 387 107 12

89 894,674 70% 356 91 12

47 646,138 -32% 303 127 24

*CREN, MLS Data, October 2023

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.

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, Josh Young

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.

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 continues to lead the market with the best properties and the best agents at the best firm.

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Top Producing Agents*

Sold Properties

Luxury Sales**

*Highest number of agents in the top 50 **Highest number of sold transaction sides above $3 million

*Per CREN MLS, YTD September 2023

Crested Butte 970.349.6691 Gunnison 970.641.6691 bbre1.com