Crested Butte Real Estate

SALES ACTIVITY : First Quarter 2018 & 2017 VS. 2016

Joel & CharlieJoel Vosburg and Charlie Farnan, Real Estate Brokers.

Joel and Charlie Farnan are annual Top Producers for over 25 years in the Crested Butte real estate market. Their office is located at 211 Elk Avenue, downtown Crested Butte in the Bluebird Real Estate Building, upstairs in suite C – The Mountain Office. 

Give us a call and let us put our proven record to work for you. Whether you are buying or selling we will deliver the best service and results, we have been top producers in the Crested Butte area for over 30 years.  Our office is located at 211 Elk Avenue, downtown Crested Butte, upstairs in suite C – The Mountain Office. Drop by and see us – check out the view we have of the Elk Mountain Range.

Check out this link to the ELK MOUNTAIN REAL ESTATE REVIEW. We have placed a Full Back Page ad in the Review, a first class professional publication that is available everyday all over the county. Elk Mountain Review link: Elk Mountain Real Estate Review

2016 vs. 2017 YTD RESIDENTIAL SALES, CONDOS, TOWNHOMES AND SINGLE FAMILY HOMES UPPER VALLEY MARKET
 January 1 to December 31 2016 – 2017 2016 2017           2017 vs. 2016
Sales Transactions/Residential/condos & townhomes 230 234                              +4
Sales Volume $ $137,560,598 $169,797,575           +  $32,236,977
Days on the Market (average/median) 282/228 211/112                       – 71/-116
Percentage of List Price to Sold Price % 94.59% 95.35%                         + .76%
Median Price $ $289,000 $497,000                   + 208,000
Average Price $ $598,089 $725,630                     + 127,541
Lowest Transaction Price $ $43,450 $60,500                    + $17,050
Highest Transaction Price $ $4,300,000 $4,500,000                + $200,000
 First Quarter Market review – Bluebird Real Estate
Birdseye View Market Snapshot First Quarter 2018 Despite a modest year for snowfall and skier visits, the real estate market charges along with strong activity during the first quarter of 2018.  Bluebird is pleased to report that our agents participated in three of the top seven residential sales in the north end of the Gunnison valley. Bluebird also sold the most expensive tract of land so far this year, the Granite Basin Ranch on a beautiful stretch of the East River.   Home sales prices are up again in every category and in every neighborhood:

Avg Sales Price:

Crested Butte  $1,770,000     Mt Crested Butte   $1,026,000     CB Rural   $1,222,500     CB South $   580,000

The average time it takes to sell a residential property continues to drop.  The current number is 214 days, or just over 7 months.   Condos are one of the hottest sectors with 21 sales already in Mt CB in the first quarter, with an average sales price of over $350,000. It is now common to see multiple offers on new condo listings.   Demand for land is at its highest levels in years, with 23 sales so far this year and average prices up almost 50% to nearly $305,000.   Bluebird is the exclusive representative for Aperture, a premier development of home sites with panoramic mountain views, bordering the Slate River and rec path.  Aperture is within walking distance to historic downtown Crested Butte.  The new bridge will be completed soon, so now is the time to pick out your favorite lot!   Overall, home buyers, investors and second homeowners are recognizing the relative value of property in our valley and the quality of life for outdoor activities, cultural happenings as well as raising kids in a great school system.   We anticipate an early start to the selling season as we enjoy a light mud season and sunny, warm weather!   Bluebird Real Estate is the exclusive regional member of Luxury Portfolio, International.  bbre1.com 970-349-6691 info@bbre1.com.

 

Click Here for More Bluebird News

 

 

 

CURRENT LISTINGS IN THE AREA: HOMES, CONDOMINIUMS, BUILDING SITES, LAND as of  1/21/2018

Rural CB and Rural Mt. CB are the surrounding areas i.e., Skyland, Meridian Lake, Trapper’ Crossing, Red Mountain, Smith Hill Ranches, etc.

  • Current single family homes listed for sale in CB, Mt. CB, rural CB and rural Mt. CB – 95 homes, listing value of $183,368,000, average days on the market is 276
  • Current condominiums/townhomes listed for sale in same areas above – 66 units with a listing value of $37,849,200, average number of days on the market is 200
  • Current building residential sites listed for sale in the same areas above – 196, with a list value of $137,150,500average number of days on the market is 605 – building sites include 35 acre tracts

 

SALES HIGHLIGHTS YTD, PARTIAL LIST OF SALES IN 2017: CHARLIE AND JOEL 

SALES:  CONDOS, HOMES, LAND 2017:

Total Listing Sales Volume for Charlie and Joel in 2017 = $20,837,500

A few sales highlights in 2017:

  1. Unit #301 Gateway, Mt. CB, $305,000, closed 9/8/2017
  2. Unit #403 Gateway, Mt. CB, $645,000, closed 6/28/17
  3. Unit #36 Eagles Nest, Mt. CB, $332,000, closed 4/28/2017
  4. Lot S-27, Skyland, $252,000, closed 1/6/2017
  5. Unit #G-1, Crested Mountain Condos, Mt. Crested Butte, $649,000, closed 12/6/2017
  6. 12 Morning Glory Way, Mt. Crested Butte, $955,000, closed 9/28/17
  7. 507 Gothic Ave, Crested Butte, $1,770,000, closed 2/28/2017
  8. 553 Eagle Lane, Skyland, $1,117,500, closed 10/16/17
  9. 7 Journeys End, Trappers Crossing South, $2,100,000, closed 7/2/17
  10. 59 Summit Rd., Mt. CB, $2,350,000, closed 10/11/17
  11. 143 Journeys End, Trappers Crossing South, $4,500,000, closed 6/5/17

 

Source of information: Gunnison Country Association of Realtors Multiple Listing service.