Birdseye View | Gunnison Market Snapshot | Yearend 2023

The Gunnison area market has been defying the odds and trends of the regional economy. Driven by a solid economic base and diversity in jobs and housing, this crossroads in the Elk Mountains remains a desirable destination.

Sales increased in 2023 in many sectors. Gunnison rural home sales rose 50% over the previous year with 62 transactions, and prices climbed to nearly $1 million on average. Condominium sales were steady, but relaxed with 52 transactions averaging $350,000, somewhat due to the decreasing availability of listings.

Land sales were consistent as well with 42 closings, up slightly from 2022. Land offerings jumped significantly with nearly sixty properties available in the area.

Even though market volume eased areawide by 23%, Bluebird closed nearly as much as the previous year, with the highest number of top producers of any firm. We also crossed a landmark threshold, closing over $1 billion in cumulative sales.

With the energy of our newly renovated office on Main Street, Bluebird closed the highest volume and number of properties in the Gunnison area, representing 18% of the total market. We also closed the highest record transaction in the Gunnison region on Ohio Creek for $5.4 million.

As more properties arrive on the market, interest rates are coming down and inflation is easing. Also, with some lagging pent up demand from early 2023, we are projecting a steady rhythm for 2024. Bluebird is the exclusive marketing representative for Gunnison Rising, a premier master planned community with broad opportunities for housing and commercial capacity.

Please come by our new office and say hello! We are excited to be an active part of our vibrant community. Bluebird is the exclusive regional member of Leading Real Estate Companies of the World, the largest network of independent brokerages and properties in the world.

View the full report with graphs here.