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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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.
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