Birdseye View | Gunnison Market Snapshot | Spring 2024 by Bluebird Real Estate

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.

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.

property brochure bluebird days magazine

518 E Georgia Avenue | Offered for $995,000

birdseye view: gunnison market snapshot, spring 2024

The whitewater kayakers and serious mountain bikers lead the way in ushering spring into summer in the Gunnison area. Following a healthy winter snow season, the calves are plentiful in the pastures and the golfers are warming up their swings.

As the trees bloom on Main Street, we enjoy and appreciate the transition to sunny days and warmer weather. Natural Grocers recently opened along with Dilly Deli and Crested Bucha, and the Gunnison Arts Center has announced its summer concert schedule. New housing developments continue to be announced to satisfy much-needed demand in several sectors.

The real estate market is showing signs of sustained strength in the Gunnison area. Average home prices in town are nearing $700,000, as demand is keeping inventory to a minimum of six offerings. Rural Gunnison sales doubled in the first quarter with twelve transactions averaging a new high averaging over $1.4 million.

Gunnison

970.641.6691

Crested Butte

970.349.6691

bbre1.com

The condominium market has paused with only four sales to date, averaging just over $375,000, probably due to a lack of inventory and higher mortgage costs. Land sales are steady for the start of the year, averaging $330,000, and there has only been one commercial sale this year at $335,000 with 14 available properties.

Our associates anticipate listings to increase in the spring market, stimulating strong sales activity for the summer. Bluebird leads the Gunnison market in listings and sales this year and last. As a grateful member of the community, we are optimistic for the future of this County Seat, with the diversity of core drivers such as the university, hospital system, air travel, and governmental hub – not to mention the crossroads for ranching, hunting, and recreation.

We would love to work with you and show you how we are “bringing dreams home.” Bluebird is the exclusive regional member of Leading Real Estate Companies of the World, the largest global network of properties and independent brokerages.

gunnison area property sales statistics

2022 40 522,649 6% 361 74 20 6 42 746,462 6% 344 113 21 6 62 437,440 31% 355 64 19 4 38 389,623 39% 194 38 12 11 1,236,113 169% 161 143 11 12 220 1,202,960 8% 505 112 107 6

2018 46 343,806 11% 201 110 11 3 54 466,859 18% 230 203 29 6 52 212,555 -1% 184 128 15 3 57 247,047 90% 247 6 400,833 -11% 133 264 295 641,882 -6% 274 226 202 8 2019 52 363,945 6% 229 95 9 2 55 540,069 16% 228 129 34 7 48 260,142 22% 223 151 17 4 59 181,487 -27% 312 8 291,875 -27% 93 218 253 783,986 22% 331 173 233 11 2020 57 390,667 7% 240 105 6 1 79 597,957 11% 250 167 27 4 57 302,972 16% 252 148 15 3 61 154,391 -15% 307 4 336,625 15% 113 194 399 880,901 12% 349 237 94 3 2021 73 493,193 26% 292 82 3 0 72 705,657 18% 327 109 17 3 77 333,618 10% 300 70 10 2 81 280,782 82% 346 33 5 15 459,100 36% 130 498 8 6 395 1,111,485 26% 441 135 58 2 3/23 9 536,274 -7% 367 192 11 4 6 708,850 23% 372 102 20 10 16 357,539 13% 276 134 2 .4 6 217,833 -70% 224 39 20 2 620,000 -31% 246 351 10 15 28 1,011,382 -6% 504 147 86 9 Gunnison City Sales - Single Family Average Price Percent Change Price/ Square Foot Days on Market Active Listings Month of Inventory Gunnison Rural Sales - Single Family Average Price Percent Change Price/ Square Foot Days on Market Active Listings Month of Inventory Gunnison Area Condo/ TH Sales - Condo/TH Average Price Percent Change Price/ Square Foot Days on Market Active Listings Month of Inventory 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, April 2024 2023 42 628,739 20% 369 129 15 4 62 968,753 30% 419 114 26 5 52 349,669 -20% 318 120 8 2 42 309,357 -21% 153 59 17 6 617,500 -50% 180 180 14 28 227 1,337,925 11% 537 145 205 11 3/24 4 691,500 29% 377 192 6 5 12 1,413,538 99% 465 103 17 4 4 378,875 6% 399 75 5 4 6 330,083 52% 109 62 31 1 335,000 -46% 169 147 14 42 36 1,946,741 92% 650 130 95 8 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 Gunnison and Crested Butte.

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.

Gunnison office pictured L to R: Bet Egelhoff, Erin Croke, Joe Summerville, Bobby Overturf, Steve Mills, Mary Hakala, Mindy Costanzo, Trent Bona, Emma DeHaven, Bud Bush, Brian Cooper, Chrissy Mitchell

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.

*Per 2023 CREN MLS, January 2024