CRESTED BUTTE & GUNNISON

Quarterly ReportQ3: 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

Significant Sales .................................................................................. 10

Benson Sotheby’s International Realty Update ........................... 11

Contact Us ......................................................................................... 12

QUICk HITS

$107.8 Total Sales Volume YTD in Upper Valley

257 Total Transactions YTD in Upper Valley

145% Percentage over last year YTD in Upper Valley

$135.9 Total Sales Volume YTD in Gunnison County

381 Total Transactions YTD in Gunnison County

141% Percentage over last year YTD in Gunnison County

Mill

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Mill

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TaBlE Of CONTENTS

BensonSothebysRealty.com | 3

January through September 2012 2013Median Price $284,750 $250,000

Average Price $388,314 $419,483

Average Days on Market 398 320

Highest Price $4,000,000 $4,250,000

Lowest Price $7,800 $4,000

Properties Sold 192 257

% Sold Price to Original List Price 87.8% 92.0%

Total Volume Sold $74,556,368 $107,807,141All Properties in Crested Butte, Mt. Crested Butte, Rural Crested Butte, CB South and Allmont

REal ESTaTE maRkET UpDaTE

The overall real estate market has improved greatly for 2013 over this same time period in 2012. In the upper valley our sales volume in the first three quarters has already surpassed the entire year of 2012.

The next few pages show all aspects of Single Family Homes, Condos and Townhomes increasing in total sales volume and the majority of individual ar-eas have seen an increase in average price, more properties have sold within 10% or less of list price, and fewer days on market.

Vacant Land and Lots are kind of a mixed bag with the exception of the Town of Crested Butte as the only area with strong numbers throughout.

The thrid quarter was very strong, with $64 million in sales this quarter alone. 13 of the properties were sold at over $1 million.

4 | 401 Elk Avenue | 970.349.6653

SINGlE famIly maRkET INfO

January through September 2012 2013Median Price $482,500 $530,000Average Price $729,105 $821,828Average Days on Market 331 327Highest Price $2,475,000 $3,700,000Lowest Price $151,000 $165,000Properties Sold 18 35% Sold Price to Original List Price 86.3% 91.1%Total Volume Sold $13,123,900 $28,764,000

January through September 2012 2013Median Price $650,000 $850,000Average Price $860,063 $1,103,390Average Days on Market 395 332Highest Price $4,000,000 $4,250,000Lowest Price $310,000 $280,000Properties Sold 15 17% Sold Price to Original List Price 89.6% 90.8%Total Volume Sold $12,900,950 $18,757,630

January through September 2012 2013Median Price $512,500 $681,375Average Price $643,796 $800,208Average Days on Market 348 390Highest Price $1,900,000 $1,900,000Lowest Price $95,000 $210,000Properties Sold 22 18% Sold Price to Original List Price 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 2013Median Price $170,750 $235,000Average Price $175,620 $257,634Average Days on Market 196 216Highest Price $250,000 $450,000Lowest Price $60,000 $143,500Properties Sold 20 29% Sold Price to Original List Price 95.4% 97.0%Total Volume Sold $3,512,400 $7,471,400

January through September 2012 2013Median Price $224,607 $221,000Average Price $234,430 $296,715Average Days on Market 322 265Highest Price $450,000 $1,675,000Lowest Price $54,000 $72,000Properties Sold 51 50% Sold Price to Original List Price 92.5% 93.2%Total Volume Sold $11,955,932 $14,835,773

January through September 2012 2013Median Price $334,250 $350,000Average Price $349,525 $376,223Average Days on Market 198 137Highest Price $648,500 $589,000Lowest Price $200,000 $299,000Properties Sold 12 13% Sold Price to Original List Price 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

Red Mountain Ranch

Reserve on the East River

Ohio Creek Valley

Danni Ranch

Trappers Crossing

6 | 401 Elk Avenue | 970.349.6653

Blue Mesa Reservoir

Meridian Lake Park

BensonSothebysRealty.com | 7

CONDO maRkET INfO

January through September 2012 2013Median Price $222,500 $192,900Average Price $277,629 $222,746Average Days on Market 325 208Highest Price $755,000 $750,000Lowest Price $39,500 $49,900Properties Sold 24 41% Sold Price to Original List Price 91.3% 93.2%Total Volume Sold $6,663,105 $9,132,600

January through September 2012 2013Median Price $222,000 $186,100Average Price $222,360 $257,750Average Days on Market 319 351Highest Price $1,030,000 $932,500Lowest Price $50,000 $43,000Properties Sold 48 67% Sold Price to Original List Price 87.9% 92.6%Total Volume Sold $10,673,300 $17,269,281

January through September 2012 2013Median Price $232,500 $282,000Average Price $265,666 $238,532Average Days on Market 349 163Highest Price $425,000 $368,508Lowest Price $150,000 $62,281Properties Sold 6 9% Sold Price to Original List Price 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 2013Median Price $140,000 $115,043Average Price $209,909 $174,692Average Days on Market 371 422Highest Price $775,000 $1,150,000Lowest Price $27,500 $25,500Properties Sold 11 28% Sold Price to Original List Price 78.6% 87.0%Total Volume Sold $2,309,000 $4,891,386

January through September 2012 2013Median Price $206,500 $136,000Average Price $238,637 $141,050Average Days on Market 734 447Highest Price $625,000 $325,000Lowest Price $80,000 $30,000Properties Sold 16 10% Sold Price to Original List Price 69.8% 89.3%Total Volume Sold $3,818,200 $1,410,500

January through September 2012 2013Median Price $363,000 $571,500Average Price $407,750 $631,642Average Days on Market 226 305Highest Price $580,000 $1,250,000Lowest Price $325,000 $85,000Properties Sold 4 7% Sold Price to Original List Price 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 2013Median Price $100,000 $144,000Average Price $138,928 $263,086Average Days on Market 481 307Highest Price $400,000 $1,150,000Lowest Price $5,000 $35,000Properties Sold 7 11% Sold Price to Original List Price 92.8% 85.7%Total Volume Sold $972,500 $2,893,950

January through September 2012 2013Median Price $70,000 $70,000Average Price $216,442 $79,614Average Days on Market 493 420Highest Price $2,300,000 $290,000Lowest Price $5,000 $8,500Properties Sold 21 17% Sold Price to Original List Price 87.1% 91.6%Total Volume Sold $4,545,300 $1,353,450

January through September 2012 2013Median Price $39,000 $28,500Average Price $48,071 $35,958Average Days on Market 1,170 611Highest Price $88,000 $63,750Lowest Price $25,000 $20,000Properties Sold 7 6% Sold Price to Original List Price 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

• In only 3 quarters our office has surpassed our total sales volume for the entire year of 2012

• Through 3 quarters we are the leading real estate brokerage in Crested Butte by $11 million

• Through 3 quarters our office has been involved in 145 sides of the total transactions, while our closest competitor has 88 sides

• Through 3 quarters we have sold over $32,000,000 worth of Benson Sotheby’s International Realty listings

• Of the 49 properties currently under-contract our office is a part of 25 of the transactions

• The total listing price of these 25 transactions is $18,910,800; nearly two thirds of the listing volume that is presently under-contract

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 office is independently owned and operated.

Cathy Benson970.209.5015

Channing Boucher970.596.3228

Gary Huresky970.209.2421

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

Jill Matlock970.275.0595

Kiley Flint970.275.2554

Dustin Kujawski970.349.6653

Sam Lumb 970.275.2448

If you would like more information about any of the figures in this re-port or would like view properties in the Crested Butte and Gunnison area please contact one of our knowledgeable brokers.

BensonSothebysRealty.com

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