crested butte real estate report -q3 2013
DESCRIPTION
Channing Boucher's Market ReportsTRANSCRIPT
CRESTED BUTTE & GUNNISON
Q!"#$%#&' R%()#$Q3: JUly - SEpTEmBER 2013
2 | 401 Elk Avenue | 970.349.6653
Real Estate Market Update ............................................................. 3
Single Family Market Info ............................................................ 4 - 5
Area Map .............................................................................................. 6
Condo and Townhome Market Info .............................................7
Land Market Info ............................................................................ 8 - 9
6LJQLÀFDQW�6DOHV�.................................................................................. 10
Benson Sotheby’s International Realty Update ........................... 11
&RQWDFW�8V�......................................................................................... 12
QUICk HITS
$107.8 Total Sales Volume YTD in Upper Valley
257 7RWDO�7UDQVDFWLRQV�YTD in Upper Valley
145% 3HUFHQWDJH�RYHU�last year YTD in Upper Valley
$135.9 Total Sales Volume YTD in Gunnison County
381 7RWDO�7UDQVDFWLRQV� YTD in Gunnison County
141% 3HUFHQWDJH�RYHU�last year YTD in Gunnison County
Mill
ion
Mill
ion
TaBlE Of CONTENTS
BensonSothebysRealty.com | 3
January through September 2012 2013
0HGLDQ�3ULFH $284,750 $250,000
Average Price $388,314 $419,483
$YHUDJH�'D\V�RQ�0DUNHW 398 320
Highest Price $4,000,000 $4,250,000
/RZHVW�3ULFH $7,800 $4,000
Properties Sold 192 257
��6ROG�3ULFH�WR�2ULJLQDO�/LVW�3ULFH 87.8% 92.0%
Total Volume Sold $74,556,368 $107,807,141
All Properties in Crested Butte, Mt. Crested Butte, Rural Crested Butte, CB South and Allmont
REal ESTaTE maRkET UpDaTE
7KH�RYHUDOO�UHDO�HVWDWH�PDUNHW�KDV�LPSURYHG�JUHDWO\�IRU������RYHU�WKLV�VDPH�WLPH�SHULRG�LQ��������,Q�WKH�XSSHU�YDOOH\�RXU�VDOHV�YROXPH�LQ�WKH�ÀUVW�WKUHH�quarters has already surpassed the entire year of 2012.
7KH�QH[W� IHZ�SDJHV� VKRZ�DOO� DVSHFWV�RI�6LQJOH�)DPLO\�+RPHV��&RQGRV�DQG�7RZQKRPHV�LQFUHDVLQJ�LQ�WRWDO�VDOHV�YROXPH�DQG�WKH�PDMRULW\�RI�LQGLYLGXDO�DU-HDV�KDYH�VHHQ�DQ�LQFUHDVH�LQ�DYHUDJH�SULFH��PRUH�SURSHUWLHV�KDYH�VROG�ZLWKLQ�����RU�OHVV�RI�OLVW�SULFH��DQG�IHZHU�GD\V�RQ�PDUNHW���
9DFDQW�/DQG�DQG�/RWV�DUH�NLQG�RI�D�PL[HG�EDJ�ZLWK�WKH�H[FHSWLRQ�RI�WKH�7RZQ�of Crested Butte as the only area with strong numbers throughout.
7KH� WKULG� TXDUWHU�ZDV� YHU\� VWURQJ��ZLWK�����PLOOLRQ� LQ� VDOHV� � WKLV� TXDUWHU�DORQH�����RI�WKH�SURSHUWLHV�ZHUH�VROG�DW�RYHU����PLOOLRQ��
4 | 401 Elk Avenue | 970.349.6653
SINGlE famIly maRkET INfO
January through September 2012 2013
0HGLDQ�3ULFH $482,500 $530,000Average Price $729,105 $821,828
$YHUDJH�'D\V�RQ�0DUNHW 331 327Highest Price $2,475,000 $3,700,000
/RZHVW�3ULFH $151,000 $165,000Properties Sold 18 35
��6ROG�3ULFH�WR�2ULJLQDO�/LVW�3ULFH 86.3% 91.1%Total Volume Sold $13,123,900 $28,764,000
January through September 2012 2013
0HGLDQ�3ULFH $650,000 $850,000Average Price $860,063 $1,103,390
$YHUDJH�'D\V�RQ�0DUNHW 395 332Highest Price $4,000,000 $4,250,000
/RZHVW�3ULFH $310,000 $280,000Properties Sold 15 17
��6ROG�3ULFH�WR�2ULJLQDO�/LVW�3ULFH 89.6% 90.8%Total Volume Sold $12,900,950 $18,757,630
January through September 2012 2013
0HGLDQ�3ULFH $512,500 $681,375Average Price $643,796 $800,208
$YHUDJH�'D\V�RQ�0DUNHW 348 390Highest Price $1,900,000 $1,900,000
/RZHVW�3ULFH $95,000 $210,000Properties Sold 22 18
��6ROG�3ULFH�WR�2ULJLQDO�/LVW�3ULFH 93.5% 95.5%Total Volume Sold $14,163,513 $14,403,755
TOwN Of CRESTED BUTTE - SINGlE famIly HOmES
mT. CRESTED BUTTE - SINGlE famIly HOmES
RURal CRESTED BUTTE - SINGlE famIly HOmES
BensonSothebysRealty.com | 5
SINGlE famIly maRkET INfO
January through September 2012 2013
0HGLDQ�3ULFH $170,750 $235,000Average Price $175,620 $257,634
$YHUDJH�'D\V�RQ�0DUNHW 196 216Highest Price $250,000 $450,000
/RZHVW�3ULFH $60,000 $143,500Properties Sold 20 29
��6ROG�3ULFH�WR�2ULJLQDO�/LVW�3ULFH 95.4% 97.0%Total Volume Sold $3,512,400 $7,471,400
January through September 2012 2013
0HGLDQ�3ULFH $224,607 $221,000Average Price $234,430 $296,715
$YHUDJH�'D\V�RQ�0DUNHW 322 265Highest Price $450,000 $1,675,000
/RZHVW�3ULFH $54,000 $72,000Properties Sold 51 50
��6ROG�3ULFH�WR�2ULJLQDO�/LVW�3ULFH 92.5% 93.2%Total Volume Sold $11,955,932 $14,835,773
January through September 2012 2013
0HGLDQ�3ULFH $334,250 $350,000Average Price $349,525 $376,223
$YHUDJH�'D\V�RQ�0DUNHW 198 137Highest Price $648,500 $589,000
/RZHVW�3ULFH $200,000 $299,000Properties Sold 12 13
��6ROG�3ULFH�WR�2ULJLQDO�/LVW�3ULFH 95.9% 96.1%Total Volume Sold $4,194,300 $4,890,900
CRESTED BUTTE SOUTH - SINGlE famIly HOmES
RURal GUNNISON aND SURROUNDING - SINGlE famIly HOmES
TOwN Of GUNNISON - SINGlE famIly HOmES
aREa map
Crested Butte South
Skyland
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Trappers Crossing
6 | 401 Elk Avenue | 970.349.6653
%OXH�0HVD�5HVHUYRLU
Meridian Lake Park
BensonSothebysRealty.com | 7
CONDO maRkET INfO
January through September 2012 2013
0HGLDQ�3ULFH $222,500 $192,900Average Price $277,629 $222,746
$YHUDJH�'D\V�RQ�0DUNHW 325 208Highest Price $755,000 $750,000
/RZHVW�3ULFH $39,500 $49,900Properties Sold 24 41
��6ROG�3ULFH�WR�2ULJLQDO�/LVW�3ULFH 91.3% 93.2%Total Volume Sold $6,663,105 $9,132,600
January through September 2012 2013
0HGLDQ�3ULFH $222,000 $186,100Average Price $222,360 $257,750
$YHUDJH�'D\V�RQ�0DUNHW 319 351Highest Price $1,030,000 $932,500
/RZHVW�3ULFH $50,000 $43,000Properties Sold 48 67
��6ROG�3ULFH�WR�2ULJLQDO�/LVW�3ULFH 87.9% 92.6%Total Volume Sold $10,673,300 $17,269,281
January through September 2012 2013
0HGLDQ�3ULFH $232,500 $282,000Average Price $265,666 $238,532
$YHUDJH�'D\V�RQ�0DUNHW 349 163Highest Price $425,000 $368,508
/RZHVW�3ULFH $150,000 $62,281Properties Sold 6 9
��6ROG�3ULFH�WR�2ULJLQDO�/LVW�3ULFH 92.1% 95.1%Total Volume Sold $1,594,000 $2,146,789
TOwN CRESTED BUTTE - CONDOS aND TOwNHOmES
mT. CRESTED BUTTE - CONDOS aND TOwNHOmES
RURal CRESTED BUTTE aND GUNNISON aREaS - CONDOS aND TOwNHOmES
8 | 401 Elk Avenue | 970.349.6653
laND maRkET INfO
January through September 2012 2013
0HGLDQ�3ULFH $140,000 $115,043Average Price $209,909 $174,692
$YHUDJH�'D\V�RQ�0DUNHW 371 422Highest Price $775,000 $1,150,000
/RZHVW�3ULFH $27,500 $25,500Properties Sold 11 28
��6ROG�3ULFH�WR�2ULJLQDO�/LVW�3ULFH 78.6% 87.0%Total Volume Sold $2,309,000 $4,891,386
January through September 2012 2013
0HGLDQ�3ULFH $206,500 $136,000Average Price $238,637 $141,050
$YHUDJH�'D\V�RQ�0DUNHW 734 447Highest Price $625,000 $325,000
/RZHVW�3ULFH $80,000 $30,000Properties Sold 16 10
��6ROG�3ULFH�WR�2ULJLQDO�/LVW�3ULFH 69.8% 89.3%Total Volume Sold $3,818,200 $1,410,500
January through September 2012 2013
0HGLDQ�3ULFH $363,000 $571,500Average Price $407,750 $631,642
$YHUDJH�'D\V�RQ�0DUNHW 226 305Highest Price $580,000 $1,250,000
/RZHVW�3ULFH $325,000 $85,000Properties Sold 4 7
��6ROG�3ULFH�WR�2ULJLQDO�/LVW�3ULFH 92.3% 92.0%Total Volume Sold $1,631,000 $4,421,500
TOwN Of CRESTED BUTTE - RESIDENTIal lOTS
mT. CRESTED BUTTE - RESIDENTIal lOTS
RURal CRESTED BUTTE - all lOTS aND laND
BensonSothebysRealty.com | 9
laND maRkET INfO
January through September 2012 2013
0HGLDQ�3ULFH $100,000 $144,000Average Price $138,928 $263,086
$YHUDJH�'D\V�RQ�0DUNHW 481 307Highest Price $400,000 $1,150,000
/RZHVW�3ULFH $5,000 $35,000Properties Sold 7 11
��6ROG�3ULFH�WR�2ULJLQDO�/LVW�3ULFH 92.8% 85.7%Total Volume Sold $972,500 $2,893,950
January through September 2012 2013
0HGLDQ�3ULFH $70,000 $70,000Average Price $216,442 $79,614
$YHUDJH�'D\V�RQ�0DUNHW 493 420Highest Price $2,300,000 $290,000
/RZHVW�3ULFH $5,000 $8,500Properties Sold 21 17
��6ROG�3ULFH�WR�2ULJLQDO�/LVW�3ULFH 87.1% 91.6%Total Volume Sold $4,545,300 $1,353,450
January through September 2012 2013
0HGLDQ�3ULFH $39,000 $28,500Average Price $48,071 $35,958
$YHUDJH�'D\V�RQ�0DUNHW 1,170 611Highest Price $88,000 $63,750
/RZHVW�3ULFH $25,000 $20,000Properties Sold 7 6
��6ROG�3ULFH�WR�2ULJLQDO�/LVW�3ULFH 70.6% 86.9%Total Volume Sold $336,500 $215,750
CRESTED BUTTE SOUTH - RESIDENTIal lOTS
RURal GUNNISON - all lOTS aND laND
GUNNISON COUNTy - all 11 aCRE aND OvER paRCElS
10 | 401 Elk Avenue | 970.349.6653
SIGNIfICaNT SalES IN Q3
Listed by Keller Williams RealtySold by Crested Butte Resort Real Estate
Listed by Benson Sotheby’s International RealtySold by Keller Williams Realty
Listed by Benson Sotheby’s International RealtySold by Coldwell Banker Bighorn Realty
Listed by Benson Sotheby’s International RealtySold by Mindy Costanzo, IB
Listed and Sold by Coldwell Banker Bighorn Realty Listed and Sold by Keller Williams Realty
481 RESERvOIR ROaD | CRESTED BUTTESOlD fOR $3,700,000
2200 EaGlE HIll ROaD | GUNNISONSOlD fOR $1,675,000
359 OlD COTTONwOOD laNE | GUNNISONSOlD fOR $1,500,000
1 TREaSURy HIll ROaD | CRESTED BUTTESOlD fOR $1,560,000
29 SUmmIT ROaD | mT. CRESTED BUTTESOlD fOR $2,100,000
15535 HIGHway 135 | CRESTED BUTTESOlD fOR $1,550,000
Listed and Sold by Coldwell Banker Bighorn Realty Listed by Benson Sotheby’s International RealtySold by Coldwell Banker Bighorn Realty
11 GlaCIER lIly way | mT. CRESTED BUTTESOlD fOR $1,395,000
4 pEakvIEw DRIvE | mT. CRESTED BUTTESOlD fOR $1,483,630
BensonSothebysRealty.com | 11
BENSON SOTHEBy’S INTERNaTIONal REalTy UpDaTE
• ,Q�RQO\���TXDUWHUV�RXU�RIÀFH�KDV�VXUSDVVHG�RXU�WRWDO�VDOHV�YROXPH�IRU�the entire year of 2012
• Through 3 quarters we are the leading real estate brokerage in Crested Butte by $11 million
• 7KURXJK���TXDUWHUV�RXU�RIÀFH�KDV�EHHQ�LQYROYHG�LQ�����VLGHV�RI�WKH�WRWDO�� WUDQVDFWLRQV��ZKLOH�RXU�FORVHVW�FRPSHWLWRU�KDV����VLGHV�
• 7KURXJK���TXDUWHUV�ZH�KDYH�VROG�RYHU�������������ZRUWK�RI�%HQVRQ�Sotheby’s International Realty listings
• 2I�WKH����SURSHUWLHV�FXUUHQWO\�XQGHU�FRQWUDFW�RXU�RIÀFH�LV�D�SDUW�RI�����RI�WKH�WUDQVDFWLRQV
• 7KH�WRWDO�OLVWLQJ�SULFH�RI�WKHVH����WUDQVDFWLRQV�LV��������������QHDUO\� WZR� WKLUGV� RI� WKH� OLVWLQJ� � YROXPH� WKDW� LV� SUHVHQWO\� XQGHU�FRQWUDFW�
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 o*ce is independently owned and operated.
Cathy Benson970.209.5015
&KDQQLQJ�%RXFKHU970.596.3228
*DU\�+XUHVN\970.209.2421
Karen Redden970.209.5943
Jaima Giles 970.275.9357
Megan Clark970.209.3537
Corey Dwan970.596.3219
Jamie Watt970.209.2675
Larry Neilson970.209.7849
Katy Mattson970.275.4601
-LOO�0DWORFN970.275.0595
Kiley Flint970.275.2554
'XVWLQ�.XMDZVNL970.349.6653
Sam Lumb 970.275.2448
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