Birdseye View | Gunnison Market Snapshot | Yearend 2023

gunnison bringing dreams home

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.

255 Riverwalk Drive | Offered for $470,000

birdseye view: gunnison market snapshot, yearend 2023 The Gunnison area market has been defying the odds and trends of the regional economy. Driven by a solid economic base and diversity in jobs and housing, this crossroads in the Elk Mountains remains a desirable destination.

Sales increased in 2023 in many sectors. Gunnison rural home sales rose 50% over the previous year with 62 transactions, and prices climbed to nearly $1 million on average. Condominium sales were steady, but relaxed with 52 transactions averaging $350,000, somewhat due to the decreasing availability of listings.

Land sales were consistent as well with 42 closings, up slightly from 2022.

Land offerings jumped significantly with nearly sixty properties available in the area.

Even though market volume eased areawide by 23%, Bluebird closed nearly as much as the previous year, with the highest number of top

Gunnison 970.641.6691 Crested Butte 970.349.6691 bbre1.com

producers of any firm. We also crossed a landmark threshold, closing over $1 billion in cumulative sales.

With the energy of our newly renovated office on Main Street, Bluebird closed the highest volume and number of properties in the Gunnison area, representing 18% of the total market. We also closed the highest record transaction in the Gunnison region on Ohio Creek for $5.4 million.

As more properties arrive on the market, interest rates are coming down and inflation is easing. Also, with some lagging pent up demand from early 2023, we are projecting a steady rhythm for 2024. Bluebird is the exclusive marketing representative for Gunnison Rising, a premier master planned community with broad opportunities for housing and commercial capacity.

Please come by our new office and say hello! We are excited to be an active part of our vibrant community. Bluebird is the exclusive regional member of Leading Real Estate Companies of the World, the largest network of independent brokerages and properties in the world.

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

2023

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

42 628,739 20% 369 129 15 4

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

62 968,753 30% 419 114 26 5

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

52 349,669 -20% 318 120 8 2

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

42 309,357 -21% 153 59 17

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

6 617,500 -50% 180 180 14 28

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

227 1,337,925 11% 537 145 205 11

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 2024

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: Mindy Costanzo, Chrissy Mitchell, Brian Cooper, Holly Zahand, Joe Summerville, Bobby Overturf, Steve Mills, Mary Hakala, Nancy Bush, Bud Bush, Not pictured: Trent Bona, Emma DeHaven, Erin Croke

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 in 2023.

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12

181

Sold Listings

Top Producing Agents

Sold Properties *Per 2023 CREN MLS, January 2024

Crested Butte 970.349.6691 Gunnison 970.641.6691 bbre1.com