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 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.

View the full report with graphs here.