Birdseye View | Gunnison Market Snapshot | Year-End 2022

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

309 N Iowa Street | Offered for $950,000

birdseye view: gunnison market snapshot, year-end 2022 Reflection at the start of the new year brings a fresh perspective and new outlook on what is to come. The first half of 2022 experienced a continuation of the post-covid frenzy, but the market stalled in the last quarter of the year as buyers paused with the holidays and supply caught up to buyer demand. Rising mortgage rates also influenced some primary home buyers to hold off a little longer. Inventory is building, with 41 Single Family homes currently on the market in the Gunnison area, which is almost double the number of homes that were available this time last year.

However, today’s buyers are still looking for more options. The first quarter of 2023 could be a great time to consider selling before more inventory hits the market later in the year.

Gunnison area land and condo sales were selling faster than ever in 2022!

Land in the Gunnison area spent an average of 194 days on the market, which is almost half the amount of time compared to 2021. The average price of condos and townhomes in Gunnison averaged over $437,000.

Quality offerings from the Lofts played a major role in the 31% price increase. Only a handful of Lofts remain available for purchase!

Commercial sales in Gunnison also experienced major growth in 2022 with notable sales driving the average price up 169%. This pattern will likely continue in 2023 with Gunnison Rising commercial tracts becoming available soon. Bluebird is excited to introduce this new development to the community in 2023, beginning with Phase 1 commercial offerings in

Gunnison 970.641.6691 Crested Butte 970.349.6691 bbre1.com

January. Infrastructure work will continue through Spring of 2023 with residential development opportunities forthcoming.

In the latter half of 2022, we experienced more of the “norm” across Gunnison County, with the total number of residential and land sales in 2022 mirroring pre-covid numbers. However, the average sold prices were approximately 50% higher compared to 2019! We expect this trend to continue in 2023, with fewer number of sales occurring this year.

Bluebird Real Estate continues leading the market with the greatest number of properties sold in 2022 across all of Gunnison County, and the highest residential sales volume from Almont to Gunnison. Our renovation on Main Street is moving right along, and we will finish out the space through the first part of the year with a bright, modern and welcoming atmosphere. We look forward to welcoming you to our new space at our Grand Opening party later this summer.

Bluebird is proud to support our community through the Bluebird Charitable Fund which was able to donate over $10,000 to local causes across Gunnison County in 2022. Looking to 2023, we hope to further our connection with the community through consistent, quality care. Stop by and see us at our temporary space at 121 W Virginia Avenue and learn more about our team of knowledgeable and dedicated agents. We are here to help, whenever you are ready!

gunnison area property sales statistics Gunnison City Sales - Single Family Average Price Percent Change Price/ Square Foot Days on Market Active Listings Month of Inventory

2018

2019

2020

2021

2022

46 343,806 11% 201 110 11 3

52 363,945 6% 229 95 9 2

57 390,667 7% 240 105 6 1

73 493,193 26% 292 82 3 0

40 522,649 6% 361 74 20 6

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

72 705,657 18% 327 109 17 3

42 746,462 6% 344 113 21 6

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

52 212,555 -1% 184 128 15 3

48 260,142 22% 223 151 17 4

57 302,972 16% 252 148 15 3

77 333,618 10% 300 70 10 2

62 437,440 31% 355 64 19 4

57 247,047 90% 247

59 181,487 -27% 312

61 154,391 -15% 307

81 280,782 82% 346 33 5

38 389,623 39% 194 38 12

6 400,833 -11% 133 264

8 291,875 -27% 93 218

4 336,625 15% 113 194

15 459,100 36% 130 498 8 6

11 1,236,113 169% 161 143 11 12

295 641,882 -6% 274 226 202 8

253 783,986 22% 331 173 233 11

399 880,901 12% 349 237 94 3

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

220 1,202,960 8% 505 112 107 6

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

*CREN, MLS Data, January 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.

Gunnison office pictured L to R: Bobby Overturf, Chrissy Mitchell, Brian Cooper, Bud Bush, Steve Mills, Patti Miller, 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.

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.

204

69

Properties Sold 1

Available Properties 2

10

Top Producing Agents 3

1 — Number of properties sold in the Gunnison Valley in 2022 2 — Number of available properties compared to all brokerages in residential, land and commercial 3 — Agents in the Top 50 compared to all brokerages

*Per CREN MLS, January 2023

Gunnison 970.641.6691 Crested Butte 970.349.6691 bbre1.com