Bluebird Real Estate | Year End 2018

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

days

winter and spring 2019 | issue 2

188 Bethel Road, Smith Hill Ranches Crested Butte

property brochure

bringing dreams home

bluebird days magazine

Bluebird is the exclusive regional affiliate 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.

birdseye view: market snapshot, 2018 The best word that describes 2018 real estate sales was “steady�. And, steady is always healthier than extreme, in either direction.

Following a light snow year for the ski season, the Crested Butte area enjoyed a nice, long summer season with great visitor traffic.

And, the early winter months of 2019 are bringing great snowfall for the spring ski season.

The big news of Vail Resorts purchasing the ski area has sparked great enthusiasm for ski operations and our local economy.

Anticipation is high this year, as we contemplate the benefits of this world class international operator and network. Within a couple of months of the acquisition, two of the largest land parcels surrounding the ski mountain, Prospect and North Village went under contract. We have also welcomed visitors from farther reaches such as Australia and Europe.

Sales of homes and condominiums were relatively consistent with the previous year. The Town of Crested Butte had the highest average price at $588/ sq ft. The average price of a condominium near the ski area is approaching $400,000. There were almost twice the sales of condos (11) priced between 750,000 and $1,000,000 from last year. Crested Butte South continues to have the lowest inventory of available homes, with only six properties on the market representing a four-month supply.

Land sales continue to be a hot segment with a 25% increase over the previous year. Of the 146 parcels that traded in 2018, twelve were over 35 acres. Further, 762 acres sold, when just 278 acres sold in the north end of the valley in 2017.

Bluebird continues to grow and achieve #1 market share in available properties in the Crested Butte area. The firm also leads the market in luxury properties priced above $1,000,000 with 51 high end offerings currently available. As the fastest growing brokerage in the valley, our sales increased over 50% with the most experienced agents in the region.

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

crested butte area 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

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

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

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

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

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

83 226,878 13.7% 319

117 273,255 20.4% 305 242 25

146 278,621 2.0% 292 211 17

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, 01.14.19

Karen Allen 970.209.2668 karen@bbre1.com

Dan Estey 303.913.2357 dan@bbre1.com

Stacey Schultz Crested Butte Collection Team 970.596.2397 stacey@bbre1.com

Diane Aronovic 970.209.0405 diane@bbre1.com

Jana Barrett 970.209.9510 jana@bbre1.com

Charlie Farnan Mountain Office Team 970.209.0609 charlie@bbre1.com

Dalynn Trujillo 970.596.3397 dalynn@bbre1.com

Trevor Bona Crested Butte Collection Team 970.319.5092 trevor@bbre1.com

Jenny Knox 970.596.3402 jknox@bbre1.com

Joel Vosburg Mountain Office Team 970.209.1581 joel@bbre1.com

Lisa Lenander 970.209.1603 lisa@bbre1.com

Parker LaDue Marketing Coordinator 972.529.8680 parker@bbre1.com

Maggie Dethloff 970.209.7880 maggie@bbre1.com

Jenna May 970.901.3601 jenna@bbre1.com

Jennie Barry Office Coordinator 970.275.0223 jennie@bbre1.com

Corey Dwan Crested Butte Collection Team 970.596.3219 corey@bbre1.com

Sandy Perrino 970.275.6308 sandy@bbre1.com

Bud Bush Principal 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 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 126 listings, including 51 luxury properties, and over $135 million in volume in the Crested Butte area.

126

$135 million

51

Listed Properties

Listing Volume

Million-Dollar Properties *Per CREN MLS, January 2019

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