Birdseye View | Crested Butte Market Snapshot | Year-End 2022
Birdseye View | Crested Butte Market Snapshot | Year-End 2022
2022 has been a year for recovery, adjustment, and a return to more normal times. Even though we will always appreciate the booming sales of the last couple of years, the needed respite has been welcome.
The fourth quarter brought a differentiating pause. A stock market correction, election year, interest rate increase and a war overseas caused many homebuyers to slow down over the holidays to reassess plans for the new year.
The great news for real estate is that our agents have many eager clients who are ready to buy once more homes become available. We began to see more offerings last summer, but much of it was quickly absorbed. We anticipate more inventory to build this spring, which will satisfy some persisting pent-up demand and generate strong sales.
As the market corrects, the typical disparity between seller and purchaser expectations has subsided. With price changes and deeper negotiations, successful transactions are ensuing as prices relax.
Overall, sales are off valley wide by about a third over 2021. Average sales prices have actually increased quite a bit due to strong demand for our resort destination and a lack of strong inventory. The average home price in the Town of Crested Butte surpassed $3 million for the first time ever. The average condominium on the mountain is now selling for more then $630,000.
Several sectors including land sales have adjusted to pre-pandemic levels, although the average price for vacant land has more than doubled since then to nearly $900,000.
Bluebird has led the market at all ends of the valley, recording the highest number of sales of any brokerage in the valley. The firm also posted and commanded the highest sales prices of record in Crested Butte, Mt. Crested Butte, and Rural Crested Butte in 2022.
As inventory stabilizes, we envision positive energy in the market for spring and summer. Our beautiful community and unique lifestyle continue to attract people seeking peace and quality of life, and Bluebird would love to help you realize it.
Bluebird Days, Summer/Fall 2022
This issue spotlights the Community Foundation of the Gunnison Valley and includes a fascinating look into the life of local endurance skimo athlete Cam Smith, who recently podiumed at a prestigious international competition. We also feature a market snapshot and many impressive properties. As the fastest-growing real estate brokerage in the Gunnison Valley, Bluebird is proud to highlight our agents, who are the most experienced and the top in their field.
Birdseye View | Gunnison Market Snapshot | Second Quarter 2022
Summer in Gunnison is always an exciting time with weekly concerts at the I Bar Ranch, Cattlemen’s Days Rodeo festivities and abundant outdoor recreation. Many homeowners are already getting ready for winter and finishing home projects before the snow starts to fly in the fall. Municipal developments are in high gear, with a beautiful new mural at IOOF park nearing completion on Main St, design work underway on the Whitewater Park improvements and a new traffic safety plan recently receiving City funding.
Birdseye View | Crested Butte Market Snapshot | Second Quarter 2022
Birdseye View | Crested Butte Market Snapshot | Second Quarter 2022
Birdseye View | Gunnison Market Snapshot | Year-End 2021
The Crested Butte area and Bluebird experienced another record year for real estate sales! Like most areas around the country, people are buying properties at amazing paces for peak prices. The reaction from the pandemic has produced a feeding frenzy from pent up demand and lifestyle shifts.
Bluebird Real Estate had an exciting year in Gunnison with record high sales, as well as the purchase of our new Main Street location and the addition of several top agents and new staff to our team!
The Gunnison market continued its growth from 2020 with a 26% increase in sales price in 2021 compared to the prior year, with an average sales price of over $493,000 for single family homes in the City of Gunnison for the first time. In addition to record-breaking single family home sales, Gunnison condo/townhome sales doubled in 2021, and Gunnison area land prices are up over 80% compared to last year with an average sales price of $280,000.