Bluebird Real Estate | April 2020

bringing dreams home

Welcome to Bluebird Real Estate, a premium home buying and selling experience in the heart of the Rocky Mountains of 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 565 brokerages in 65 countries.

4 Moon Ridge Lane | Offered for $3,850,000

birdseye view: market snapshot, spring 2020 Everybody is probably ready for some hugs and high fives. This distancing is not natural, and it feels like we can see some light towards a return to more traditional interactions and happenings. Our sympathies go out to those impacted by the coronavirus. Our region was hit early and hard, and we are now seeing the “flattening of the curve” with fewer positive cases being reported. Now, there is lots of conversation and planning for phasing back to life as we once knew it.

The real estate market was steady and normal in the first quarter. Larger, more expensive properties are selling very well. Listing inventory is still fairly light. Prices are consistent with previous periods. Condo sales on the mountain more than doubled to 23 over the same period last year. Land sales slid a bit as is customary during the winter months, with added inventory.

We anticipate that our summer season could be as robust as ever with pent up demand from visitors who had to postpone trips and a renewed energy from people wanting a new adventure away from home. Further, interest rates hovering around record lows doesn’t hurt at all.

Bluebird has been ‘business as usual’ for this time of year, during our off season. Yes, we did miss the spring break rush, but most of our communications and transactions are handled virtually through the internet until the summer season begins.

Bluebird enjoyed a record first quarter in sales, doubling our nearest competitor and selling almost a third of the entire market. We represented the buyer and seller in the most expensive sale in the valley, a $5 million transaction, and we represented buyers and sellers in two closings that sold over $3 million.

Most importantly, we are excited to welcome back our visitors and returning homeowners! We project a surge in seasonal selling with a renewed enthusiasm for destinations like Crested Butte.

Spring is all about new growth, warmer weather and renewal. We published a video recently with the message that “together, we are coming back to life,” and we are looking forward to being together and celebrating each other and all for which we are grateful.

211 Elk Avenue PO Box 1788 Crested Butte, CO 81224 970.349.6691 bbre1.com

crested butte area property sales statistics Crested Butte Sales - Single Family Average Price Percent Change Price/ Square Foot Days on Market Active Listings Months of Inventory Mount Crested Butte Sales - Single Family Average Price Percent Change Price/ Square Foot Days on Market Active Listings Months of Inventory Mount CB Condo/TH Sales - Condo/TH Average Price Percent Change Price/ Square Foot Days on Market Active Listings Months of Inventory Crested Butte Rural Sales - Single Family Average Price Percent Change Price/ Square Foot Days on Market Active Listings Months of Inventory CB South Sales - Single Family Average Price Percent Change Price/ Square Foot Days on Market Active Listings Months of Inventory Land - All CB Sales - Land Average Price Percent Change Days on Market Active Listings Months of Inventory

2015

2016

2017

2018

3/19

2019

3/20

26 803,404

27 1,157,515 44.1% 546 175 15 6

23 1,363,624 17.8% 560 247 18 9

22 1,302,877 -4.5% 588 217 20 11

3 1,303,333 0.0% 585 134 16 16

21 1,734,224 33.1% 725 154 22 13

5 1,826,630 40.2% 790 199 20 12

22 1,149,801 18.7% 373 332 35 16

29 1,028,800 -10.5% 331 243 27 11

30 1,018,750 -1.0% 363 252 25 10

5 1,051,400 3.2% 323 286 19 11

24 1,102,063 8.2% 413 189 22 11

5 927,540 -11.8% 449 114 28 17

148 264,769 -1.0% 264 246 66 5

137 362,701 37.0% 311 161 49 4

122 397,107 9.5% 366 147 61 6

11 489,909 23.4% 448 129 58 16

86 479,264 20.7% 419 141 63 9

23 406,758 -17.0% 429 146 88 11

29 1,434,216 8.8% 439 275 44 17

38 1,496,539 4.3% 451 211 41 13

30 1,309,300 -12.5% 389 208 58 23

4 1,006,250 -17.7% 436 228 52 39

27 1,698,093 29.7% 511 246 53 24

4 2,168,750 74.1% 554 291 41 31

12 584,708 20.6% 251 119 4 2

18 632,445 8.2% 275 192 7 5

20 676,657 7.0% 287 144 6 4

4 725,000 25.0% 290 185 6 5

15 726,133 7.3% 302 140 6 5

2 747,500 3.1% 211 232 4 6

83 226,878 13.7% 319

117 273,255 20.4% 305 242 25

146 278,621 2.0% 292 211 17

21 384,342 26.1% 200 201 29

89 390,023 40.0% 230 248 33

11 227,000 -9.7% 221 249 68

450 245 16 7 26 968,404 337 221 43 18 84 267,523 230 249 127 18 31 1,318,661 361 229 44 16 18 484,972 221 106 8 4 104 199,468 397

*CREN, MLS Data, April 2020

*CREN MLS, 4.15.20

bluebird associates

Karen Allen 970.209.2668 karen@bbre1.com

Dan Estey 303.913.2357 dan@bbre1.com

Sandy Perrino 970.275.6308 sandy@bbre1.com

Diane Aronovic 970.209.0405 diane@bbre1.com

Charlie Farnan Mountain Office Team

970.209.0609 charlie@bbre1.com

Joe Summerville 970.901.0950 joe@bbre1.com

Jana Barrett 970.209.9510 jana@bbre1.com

Rich Kelly 970.452.9854 rich@bbre1.com

Trevor Bona 970.319.5092 trevor@bbre1.com

Jenny Knox 970.596.3402 jknox@bbre1.com

Maggie Dethloff 970.209.7880 maggie@bbre1.com

Corey Dwan Crested Butte Collection Team

970.596.3219 corey@bbre1.com

Lisa Lenander 970.209.1603 lisa@bbre1.com

Jenna May 970.901.3601 jenna@bbre1.com

Bud Bush

Dalynn Trujillo

Joel Vosburg

Cynthia Wolff

Trujillo-Wolff Team

Mountain Office Team

Trujillo-Wolff Team

Principal

970.596.3397 dalynn@bbre1.com

970.209.1581 joel@bbre1.com

970.901.8184 cynthia@bbre1.com

970.922.8550 bud@bbre1.com

Bluebird Real Estate is a dynamic team of dedicated professionals who are driven by exceptional marketing and successful results for our clients. The Bluebird office building is strategically located in the heart of the downtown historic district of Crested Butte, Colorado.

We are driven by successful results for our clients and leading market share in our region. Our mission is to professionally procure the sale of a property on your behalf at the best price, as efficiently as possible, in a smooth and seamless transition.

market leader Bluebird leads the market with 131 listings, including 41 luxury properties, and over $37 million in sales volume for the first quarter in the Crested Butte area.

#1

#1

#1

131

$37 million

41

Listed Properties

Sold Volume YTD

$

Million-Dollar Properties *Per CREN MLS, April 2020

Bluebird is richly involved in our community, serving and sponsoring many civic and charitable organizations, and contributing a portion of every closing to the Bluebird Charitable Fund which gives back to local causes.

211 Elk Avenue PO Box 1788 Crested Butte, CO 81224 970.349.6691 bbre1.com