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CRESTED BUTTE & GUNNISON

Quarterly Report

First Quarter - 2015


Contents 3 Overall Market Update 8 4 Single Family Market 10 6 Area Map 11 7 Condo and Townhome Market 12

Land Market Significant Sales Our Office Update Contact Us

Total Sales Volume for Q1 - 2015 Gunnison County

Total Transactions for Q1 - 2015 Gunnison County Percentage up for Q1 - 2015 Gunnison County

2 | 401 Elk Avenue | 970.349.6653

$24.0 68 26.5%

Million

$32.7 97 33.0%

Million

Quick Hits Total Sales Volume for Q1 - 2015 Upper Valley Total Transactions for Q1 - 2015 Upper Valley Percentage up for Q1 - 2015 Upper Valley


Overall Market Update

The start to 2015 was much busier than the start to 2014. Compared to last year we are up over 25% in sales volume in single family homes and vacant land. The only sector that saw a slight dip was condominiums and townhomes in Mt. Crested Butte. Not only was it busier throughout the first quarter but that also carried into the end of March. Many of our agents put numerous properties under contract in the last two weeks of March.There are currently 93 properties under contract of which our office commands 30 of those contracts. With the warmer temperatures and the snow melting out quickly we will have a short mud season and our real estate off season will be very short. More people will be looking in April, May and June than in years past which should equate for a strong second quarter in 2015. Upper Valley

Q1 - 2014

Q1 - 2015

Median Price

$204,500

$250,000

$381,537 306 $1,925,000 $13,000 50 94.5% $19,076,886

$352,955 356 $1,450,000 $25,000 68 92.1% $24,001,000

Average Price Average Days on Market Highest Price Lowest Price Properties Sold % Sold Price to Original List Price Total Volume Sold

All Properties in Crested Butte, Mt. Crested Butte, Rural Crested Butte, CB South and Almont

Crested Butte

Steamboat

Crested Butte

Steamboat

Steamboat

Crested Butte

Crested Butte Compared to other Resorts

BensonSothebysRealty.com | 3


Single Family Market

Town of Crested Butte | Single Family Homes

Median Price Average Price Average Days on Market Highest Price Lowest Price Properties Sold % Sold Price to Original List Price Total Volume Sold

Q1 - 2014

Q1 - 2015

$1,222,500 $1,222,500 129 $1,785,000 $660,000 2 95.9% $2,445,000

$842,500 $764,285 398 $1,075,000 $290,000 7 93.6% $5,350,000

Mt. Crested Butte | Single Family Homes Median Price Average Price Average Days on Market Highest Price Lowest Price Properties Sold % Sold Price to Original List Price Total Volume Sold

Q1 - 2014

Q1 - 2015

$545,000 $546,000 247 $618,000 $475,000 3 95.0% $1,638,000

$486,000 $684,250 171 $1,450,000 $315,000 4 95.5% $2,737,000

Rural Crested Butte | Single Family Homes Median Price Average Price Average Days on Market Highest Price Lowest Price Properties Sold % Sold Price to Original List Price Total Volume Sold

4 | 401 Elk Avenue | 970.349.6653

Q1 - 2014

Q1 - 2015

$444,000 $869,666 154 $1,925,000 $240,000 3 97.7% $2,609,000

$772,750 $863,875 502 $1,375,000 $535,000 4 93.2% $3,455,500


Single Family Market

Crested Butte South | Single Family Homes Median Price Average Price Average Days on Market Highest Price Lowest Price Properties Sold % Sold Price to Original List Price Total Volume Sold

Q1 - 2014

Q1 - 2015

$515,500 $515,500 329 $571,000 $460,000 2 96.0% $1,031,000

$403,750 $395,625 142 $475,000 $300,000 4 95.7% $1,582,500

Rural Gunnison and Surrounding | Single Family Homes Median Price Average Price Average Days on Market Highest Price Lowest Price Properties Sold % Sold Price to Original List Price Total Volume Sold

Q1 - 2014

Q1 - 2015

$278,900 $335,322 313 $675,000 $111,500 9 95.4% $3,017,900

$206,500 $486,375 180 $1,845,000 $163,000 8 93.1% $3,891,000

Town of Gunnison | Single Family Homes Median Price Average Price Average Days on Market Highest Price Lowest Price Properties Sold % Sold Price to Original List Price Total Volume Sold

Q1 - 2014

Q1 - 2015

$154,375 $154,375 131 $173,750 $135,000 2 85.2% $308,750

$272,500 $283,500 482 $357,000 $225,000 6 96.5% $1,701,000

BensonSothebysRealty.com | 5


Overview Map

6

Legend 1

Crested Butte

2 Mt. Crested Butte 3 Skyland Golf 4 CB South 5 Gunnison 6 Almont 6 | 401 Elk Avenue | 970.349.6653


Condo and Townhome Market

Town Crested Butte | Condos and Townhomes Median Price Average Price Average Days on Market Highest Price Lowest Price Properties Sold % Sold Price to Original List Price Total Volume Sold

Q1 - 2014

Q1 - 2015

$566,000 $566,000 317 $566,000 $566,000 1 95.1% $566,000

$385,000 $385,000 235 $385,000 $385,000 1 90.6% $385,000

Mt. Crested Butte | Condos and Townhomes Median Price Average Price Average Days on Market Highest Price Lowest Price Properties Sold % Sold Price to Original List Price Total Volume Sold

Q1 - 2014

Q1 - 2015

$203,500 $308,272 241 $1,487,500 $59,000 20 93.5% $6,165,450

$215,000 $214,733 300 $525,000 $59,000 15 93.2% $3,221,000

Rural Crested Butte and Gunnison Areas | Condos and Townhomes Median Price Average Price Average Days on Market Highest Price Lowest Price Properties Sold % Sold Price to Original List Price Total Volume Sold

Q1 - 2014

Q1 - 2015

$181,500 $269,614 358 $605,000 $89,686 6 94.7% $1,617,686

$130,000 $130,322 221 $280,000 $33,000 9 94.0% $1,172,900

BensonSothebysRealty.com | 7


Land Market

Town of Crested Butte | Residential Lots

Median Price Average Price Average Days on Market Highest Price Lowest Price Properties Sold % Sold Price to Original List Price Total Volume Sold

Q1 - 2014

Q1 - 2015

-

$500,000 $451,142 383 $650,000 $90,000 7 94.9% $3,158,000

Mt. Crested Butte | Residential Lots Median Price Average Price Average Days on Market Highest Price Lowest Price Properties Sold % Sold Price to Original List Price Total Volume Sold

Q1 - 2014

Q1 - 2015

$61,000 $61,000 352 $61,000 $61,000 1 88.4% $61,000

$362,500 $351,250 875 $510,000 $170,000 4 71.9% $1,405,000

Rural Crested Butte | All Lots and Land Median Price Average Price Average Days on Market Highest Price Lowest Price Properties Sold % Sold Price to Original List Price Total Volume Sold

8 | 401 Elk Avenue | 970.349.6653

Q1 - 2014

Q1 - 2015

$134,250 $134,250 1007 $158,500 $110,000 2 93.2% $268,500

$99,000 $103,727 310 $225,000 $25,000 11 90.8% $1,141,000


Land Market

Crested Butte South | Residential Lots Median Price Average Price Average Days on Market Highest Price Lowest Price Properties Sold % Sold Price to Original List Price Total Volume Sold

Q1 - 2014

Q1 - 2015

$37,500 $37,833 237 $39,000 $37,000 3 89.4% $113,500

$53,000 $49,500 180 $62,000 $30,000 4 95.7% $198,000

Rural Gunnison | All Lots and Land Median Price Average Price Average Days on Market Highest Price Lowest Price Properties Sold % Sold Price to Original List Price Total Volume Sold

Q1 - 2014

Q1 - 2015

$267,500 $271,500 475 $500,000 $51,000 4 75.4% $1,086,000

$54,000 $203,500 601 $682,500 $30,000 5 98.4% $1,017,500

Gunnison County | All 11+ Acre and Over Parcels Median Price Average Price Average Days on Market Highest Price Lowest Price Properties Sold % Sold Price to Original List Price Total Volume Sold

Q1 - 2014

Q1 - 2015

$185,000 $203,333 599 $350,000 $75,000 3 79.2% $610,000

$216,000 $216,000 337 $216,000 $216,000 1 90.0% $216,000

BensonSothebysRealty.com | 9


Significant Sales for First Quarter 2015

189 Eagle Creek Road | Rural Gunnison

40 Anthracite Drive | Mt. C.B.

Listed by Benson Sotheby’s International Realty Sold by St. James Realty Group

Listed by Benson Sotheby’s International Realty Sold by Benson Sotheby’s International Realty

411 Slate River Drive | Rural C.B.

701 Teocalli Avenue | Rural C.B.

Listed by Red Lady Realty Sold by Crested Butte Homes & Land Sales

Listed by Crested Butte Homes & Land Sales Sold by Keller Williams Realty Colorado Heritage

Sold for $1,845,000

Sold for $1,375,000

Sold for $1,450,000

Sold for $1,075,000

212 Sopris Avenue | Crested Butte

69 Fairway Drive | Rural C. B.

Listed by Red Lady Realty Sold by Red Lady Realty

Listed by Rozman Realty Sold by Benson Sotheby’s International Realty

Sold for $1,025,000

10 | 401 Elk Avenue | 970.349.6653

Sold for $1,000,000


Benson Sotheby’s International Realty Stats • We are the leading real estate brokerage in Crested Butte by over $14.1 million in total sales volume compared to our closest competitor in 2014. • Our office currently has a 30% market share of sales volume in 2014 in the Crested Butte area. • We have been involved in 210 sides of the total transactions, which is the most in the Crested Butte area. • We sold over $39.8 million worth of listings in 2014 • Our brokers were very successful in 2014. • The top 2 brokers in sales volume in Crested Butte are from our office while 4 of the top 5 are from our office. • The top 3 selling brokers in Crested Butte are from our office while 4 of the top 5 are from our office. • The top 2 brokers in number of transactions in Crested Butte are from our office. All data was pulled from the Gunnison County Association of Realtors MLS. Verify with a local Realtor. All information is deemed reliable but not guaranteed. Each office is independently owned and operated.

BensonSothebysRealty.com | 11


Contact Us

If you would like more information about this Quarterly Market Report or would like to view properties in the Crested Butte and Gunnison area please contact one of our knowledgeable brokers.

Cathy Benson 970.209.5015

Sam Lumb

Channing Boucher

Corey Dwan

Gary Huresky 970.209.2421

970.275.2554

970.596.3228

970.596.3219

Kiley Flint

970.275.2448

970.275.9357

Jaima Giles

Karen Redden

Megan Clark

Larry Neilson

Katy Mattson

Jill Matlock

Jamie Watt

Wayne Meredith

Dustin Kujawski

970.275.4601

970.275.0595

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970.209.5943

970.209.2675

970.209.3537

970.209.2706

970.209.7849

Marketing Director

BensonSothebysRealty.com

Profile for Crested Butte Sotheby's International Realty

Crested Butte and Gunnison Quarterly Report - Q1 2015  

The Crested Butte and Gunnison Quarterly Report is published by Benson Sotheby's International Realty. First Quarter 2015

Crested Butte and Gunnison Quarterly Report - Q1 2015  

The Crested Butte and Gunnison Quarterly Report is published by Benson Sotheby's International Realty. First Quarter 2015