Birdseye View | Gunnison Market Snapshot | Summer 2024

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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.

710 Hawk Drive | Offered for $2,150,000

birdseye view: gunnison market snapshot, summer 2024 Bluebird yard signs are sprouting up all over Gunnison along with the bountiful wildflowers this summer season. Golf, trail and river activities are in full swing with warmer weather and abundant sunshine. Access to the region has been restored with the recent improvements to the Highway 50 bridge to Montrose over the Blue Mesa Reservoir.

The real estate market is very steady and stable in the Gunnison vicinity.

Sales are tracking consistent with last year’s data and inventories of available listings are being absorbed with competitively priced offerings.

While the average inventory for land is increasing, residential listings remain lower with a supply of less than 12 months. 10 residential sales in the City in the first half of the year averaged a new high of over $660,000.

18 rural home sales reached a new peak of over $1.3 million on average.

Condominium sales diminished to 17 units averaging $385,000 due to a lack of available properties. There are currently only five condo units available. Land sales are steady with 12 sales averaging $320,000 and a

Gunnison 970.641.6691 Crested Butte 970.349.6691 bbre1.com

healthy inventory of 39 available listings.

Five commercial properties transacted at a $612,000 average price as current listings dropped from 14 to 10 over the past year.

Bluebird is leading and beating the market with the most listings and increased sales in the Gunnison area representing over 25% of the overall market. With the most experienced and most professional agents in the region, we are grateful to serve our community and clients with care and success.

Happy summer, and we will see you on the trails!

Bluebird is the exclusive regional member of Leading Real Estate Companies of the World, the largest consortium of independent brokerages and residential properties in the world.

gunnison area property sales statistics 2018

2019

2020

2021

2022

YTD 6/23

2023

YTD 6/24

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

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

16 618,726 12% 327 173 12 5

42 628,739 20% 369 129 15 4

10 661,950 7% 432 100 9 5

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

28 843,525 25% 381 110 26 10

62 968,753 30% 419 114 26 5

18 1,323,969 57% 461 100 33 11

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

31 365,266 21% 307 118 11 2

52 349,669 -20% 318 120 8 2

17 384,747 5% 358 115 5 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

14 297,928 -21% 200 59 25

42 309,357 -21% 153 59 17

12 321,500 8% 281 78 39

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

4 582,500 -61% 194 208 14 21

6 617,500 -50% 180 180 14 28

5 612,000 5% 153 585 10 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

78 1,144,198 -12% 477 138 130 10

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

68 1,681,686 47% 654 130 176 16

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, July 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 Gunnison and Crested Butte.

Gunnison office pictured L to R, top to bottom: 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’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.

111

$81m

8

Active Listings

Sold Volume

Top Agents (from top 25) *Per CREN MLS, July 2024

Gunnison 970.641.6691 Crested Butte 970.349.6691 bbre1.com