Birdseye View | Market Snapshot | Third Quarter 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.

days

crested butte | colorado

property brochure

bringing dreams home

summer & fall 2020 | issue 5

bluebird days magazine

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.

66 Red Mountain Ranch Road | Offered for $3,490,000

birdseye view: market snapshot, third quarter 2020 We are elated to report that life as we knew it before Covid is resuming in the Crested Butte area! Our county has been deemed one of the safest in the state. The Town experienced a busy summer, and the real estate market is booming. Most sectors made up for lost business from the spring.

Restaurants opened outdoor seating and retailers experienced thriving sales as visitors flocked to our area for a welcome respite from lockdown this spring. Our municipalities’ building permit and tax revenue exceeded budgets. Overall, we are grateful that this rebound has reinvigorated our people and our businesses.

Experienced realtors who have been practicing for decades indicate that this selling season has eclipsed the spike in sales that occurred when the ski resort last sold in 2004. Our real estate market is lively and year to date sales are actually overtaking the activity from last year. Sales volume in the Crested Butte vicinity is up 30 percent over the previous year at $207 million. Bluebird leads the market with over 34 percent of total sales activity. The average selling price in the north valley is peaking above $785,000.

Properties selling over $1 million are peaking as well. Sales are up so far over 50 percent from last year with $145 in volume. Bluebird leads the luxury market in sales with 53 sales over $1 million year to date.

In summary, sales are increasing, prices are rising and the inventory of available homes is being absorbed at a record pace. Historically, visitors make several trips to the area and shop for properties over several seasons. This summer, buyers are coming to town and surveying the listings and committing to purchase the best available property at the time. There is definitely more urgency in the market, as purchasers are accelerating their plans to live life the way they envision – in a beautiful place like Crested Butte.

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

crested butte area property sales statistics

*CREN, MLS Data, October 2020

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. The Bluebird office building is strategically located in the heart of the downtown historic district of Crested Butte, Colorado.

Pictured from L to R: Maggie Dethloff, Parker LaDue, Rich Kelley, Lisa Lenander, Jenna May, Jana Barrett, Dalynn Trujillo, Bud Bush, Erin Croke-Renfro, Corey Dwan, Sandy Perrino, Joel Vosburg, Cynthia Wolff, Diane Aronovic, Jennie Barry, Joe Summerville, Trevor Bona, Karen Allen Not Pictured: Dan Estey, Charlie Farnan, Jenny Knox

2019 T VIS UAL DES IGN BL REA UEBIRD L ES TAT E

BES

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.

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 an average of $13.1 million in sales per agent, making up 34% of the total market share in area sales volume, and totaling $98 million in luxury property sales thus far in 2020.

$13.1m

34%

$98m

Avg Sales Per Agent

Market Share

Million-Dollar Sales

Millions Annualized

Area Sales Volume

Volume In Millions

*Per CREN MLS, October 2020

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