Post on 17-Mar-2016
description
CRESTED BUTTE & GUNNISON
Quarterly ReportFIRST QUaRTER OF 2014
2 | 401 Elk Avenue | 970.349.6653
3 Overall Market Update 8 Land Market 4 Single Family Market 10 SignificantSales6 Area Map 11 OurOfficeUpdate7 Condo and Townhome Market 12 ContactUs
QUICk HITS
$19.0 TotalSalesVolumeFirstQuarter2014 UpperValley
48 TotalTransactionsFirstQuarter2014 UpperValley
(50.2%) PercentagedownFirstQuarter2014 UpperValley
$24.9 TotalSalesVolume FirstQuarter2014 GunnisonCounty
72 TotalTransactions FirstQuarter2014 GunnisonCounty
(30.7%) PercentagedownFirstQuarter2014 GunnisonCounty
Mill
ion
Mill
ion
CONTENTS
BensonSothebysRealty.com | 3
Upper Valley Transactions 2013 2014MedianPrice $243,781 $217,500Average Price $409,459 $396,851AverageDaysonMarket 254 313Highest Price $2,964,000 $1,925,000LowestPrice $29,900 $37,000Properties Sold 70 48%SoldPricetoOriginalListPrice 89.8% 94.5%Total Volume Sold $28,662,161 $19,048,886
All Properties in Crested Butte, Mt. Crested Butte, Rural Crested Butte, CB South and Almont
OvERall MaRkET UpDaTEWithamyriadofthingshappeningthiswintersuchasrumorsoftheskiresortselling,acolderwinterthroughoutthenationandasnowierwinterinCrestedButtethanwehavehadinmul-tipleyears,theFirstQuarterof2014wasmuchslowerthan2013.Buyersweremoreinclinedtoskithefreshpowderandtakeawaitandseeapproachtopurchasingthiswinter.
BuyersfinallydiddecidetostartmovingandputtingpropertiesundercontracttowardtheendofMarchwithaflurryofpropertiesgoingunder.CurrentlyintheGunnisonCountythereare85propertiesundercontractwithalistingvalueof$34.6million,withthemajorityclsoingintheSecondQuarter.
TheonlysegmentofourmarketthatmadeimprovementswasthecondoandtownhomemarketinMt.CrestedButte.Duetotheabundanceofsnowthiswinter,manyskierswereintowntopartakeintheamazingskiing.Theincreaseofskiersintownhelpeddrivethesaleoflowertomiddlerangecondosandtownhomes.Thissegmentalmostdoubledinsalesvolumefromthepreviousyear.
4 | 401 Elk Avenue | 970.349.6653
Q1: January to March 2013 2014MedianPrice $625,000 $444,000Average Price $867,807 $869,666AverageDaysonMarket 225 154Highest Price $2,964,000 $1,925,000LowestPrice $330,000 $240,000Properties Sold 13 3%SoldPricetoOriginalListPrice 87.8% 91.5%Total Volume Sold $11,281,500 $2,609,000
Q1: January to March 2013 2014MedianPrice $1,300,000 $545,000Average Price $475,000 $546,000AverageDaysonMarket 187 247Highest Price $1,300,000 $618,000LowestPrice $475,000 $475,000Properties Sold 4 3%SoldPricetoOriginalListPrice 91.2% 95.0%Total Volume Sold $3,550,000 $1,638,000
Q1: January to March 2013 2014MedianPrice $597,502 $1,222,500Average Price $732,501 $1,222,500AverageDaysonMarket 354 129Highest Price $1,315,000 $1,785,000LowestPrice $420,000 $660,000Properties Sold 4 2%SoldPricetoOriginalListPrice 96.7% 95.9%Total Volume Sold $2,930,005 $2,445,000
TOwN OF CRESTED BUTTE | SINGlE FaMIly HOMES
MT. CRESTED BUTTE | SINGlE FaMIly HOMES
RURal CRESTED BUTTE | SINGlE FaMIly HOMES
SINGlE FaMIly MaRkETRavenswood | Offered for $5,500,000James Ray Spahn Photography
BensonSothebysRealty.com | 5
Q1: January to March 2013 2014MedianPrice $299,900 $154,375Average Price $299,900 $154,375AverageDaysonMarket 57 131Highest Price $299,900 $173,750LowestPrice $299,900 $135,000Properties Sold 1 2%SoldPricetoOriginalListPrice 100% 85.2%Total Volume Sold $299,900 $308,750
Q1: January to March 2013 2014MedianPrice $187,000 $278,900Average Price $173,395 $335,322AverageDaysonMarket 263 313Highest Price $282,000 $675,000LowestPrice $75,000 $111,500Properties Sold 8 9%SoldPricetoOriginalListPrice 97.7% 95.4%Total Volume Sold $1,387,163 $3,017,900
Q1: January to March 2013 2014MedianPrice $310,000 $515,500Average Price $310,000 $515,500AverageDaysonMarket 105 329Highest Price $310,000 $571,000LowestPrice $310,000 $460,000Properties Sold 1 2%SoldPricetoOriginalListPrice 95.4% 96.0%Total Volume Sold $310,000 $1,031,000
CRESTED BUTTE SOUTH | SINGlE FaMIly HOMES
RURal GUNNISON aND SURROUNDING | SINGlE FaMIly HOMES
TOwN OF GUNNISON | SINGlE FaMIly HOMES
SINGlE FaMIly MaRkET19 Kokanee Lane| Offered for $4,600,000
CrestedButteSouth
Skyland
RedMountainRanch
Reserveon theEastRiver
OhioCreekValley
DanniRanch
TrappersCrossing
6 | 401 Elk Avenue | 970.349.6653
BlueMesaReservoir
Meridian Lake Park
aREa Map535 Journeys End Road | Offered for $4,995,000
BensonSothebysRealty.com | 7
Q1: January to March 2013 2014MedianPrice $115,000 $181,500Average Price $222,937 $269,614AverageDaysonMarket 165 358Highest Price $750,000 $605,000LowestPrice $49,900 $89,686Properties Sold 16 6%SoldPricetoOriginalListPrice 93.4% 94.7%Total Volume Sold $3,567,000 $1,617,686
Q1: January to March 2013 2014MedianPrice $185,000 $203,500Average Price $223,553 $308,272AverageDaysonMarket 265 241Highest Price $700,000 $1,487,500LowestPrice $50,000 $59,000Properties Sold 17 20%SoldPricetoOriginalListPrice 91.0% 93.5%Total Volume Sold $3,800,412 $6,165,450
Q1: January to March 2013 2014MedianPrice $368,500 $566,000Average Price $368,500 $566,000AverageDaysonMarket 69 317Highest Price $368,500 $566,000LowestPrice $368,500 $566,000Properties Sold 1 1%SoldPricetoOriginalListPrice 100% 95.1%Total Volume Sold $368,500 $566,000
TOwN CRESTED BUTTE | CONDOS aND TOwNHOMES
MT. CRESTED BUTTE | CONDOS aND TOwNHOMES
RURal CRESTED BUTTE aND GUNNISON aREaS | CONDOS aND TOwNHOMES
CONDO aND TOwNHOME MaRkETWestWall Lodge | From $675,000 to $1,995,000
laND MaRkET
8 | 401 Elk Avenue | 970.349.6653
Q1: January to March 2013 2014MedianPrice $65,000 $134,250Average Price $69,081 $134,250AverageDaysonMarket 491 1007Highest Price $117,586 $158,500LowestPrice $29,900 $110,000Properties Sold 6 2%SoldPricetoOriginalListPrice 80.4% 93.2%Total Volume Sold $414,486 $268,500
Q1: January to March 2013 2014MedianPrice $111,000 $61,000Average Price $106,750 $61,000AverageDaysonMarket 450 352Highest Price $175,000 $61,000LowestPrice $30,000 $61,000Properties Sold 4 1%SoldPricetoOriginalListPrice 81.9% 88.4%Total Volume Sold $427,000 $61,000
Q1: January to March 2013 2014MedianPrice $650,000 n/aAverage Price $650,000 n/aAverageDaysonMarket 13 n/aHighest Price $650,000 n/aLowestPrice $650,000 n/aProperties Sold 1 0%SoldPricetoOriginalListPrice 92.9% n/aTotal Volume Sold $650,000 n/a
TOwN OF CRESTED BUTTE | RESIDENTIal lOTS
MT. CRESTED BUTTE | RESIDENTIal lOTS
RURal CRESTED BUTTE | all lOTS aND laND
laND MaRkET
BensonSothebysRealty.com | 9
Q1: January to March 2013 2014MedianPrice $150,000 $240,000Average Price $471,972 $336,701AverageDaysonMarket 606 276Highest Price $3,000,000 $1,169,750LowestPrice $5,000 $35,000Properties Sold 18 19%SoldPricetoOriginalListPrice 83.9% 86.1%Total Volume Sold $8,495,500 $6,397,324
Q1: January to March 2013 2014MedianPrice $70,000 $74,500Average Price $225,141 $118,139AverageDaysonMarket 638 426Highest Price $3,000,000 $1,169,750LowestPrice $5,000 $8,500Properties Sold 41 31%SoldPricetoOriginalListPrice 81.2% 88.0%Total Volume Sold $9,230,800 $3,662,324
Q1: January to March 2013 2014MedianPrice $40,000 $42,000Average Price $43,807 $41,825AverageDaysonMarket 955 601Highest Price $88,000 $63,750LowestPrice $25,000 $20,000Properties Sold 13 10%SoldPricetoOriginalListPrice 76.0% 87.3%Total Volume Sold $569,500 $418,250
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
Listed by Coldwell Banker Bighorn RealtySold by Crested Butte Resort Real Estate
SIGNIFICaNT SalES IN FIRST QUaRTER OF 2014
795 SkylaND DRIvE | RURal C.B.SOlD FOR $1,925,000
401 GOTHIC avENUE | CRESTED BUTTESOlD FOR $1,785,000
Listed by Crested Butte Resort Real EstateSold by Coldwell Banker Bighorn Realty
Listed by Benson Sotheby’s International Realty & Crested Butte Resort Real EstateSold by Keller Williams Realty Colorado Heritage
Listed by Crested Butte Resort Real EstateSold by Crested Butte Resort Real Estate
Listed by Benson Sotheby’s International RealtySold by Coldwell Banker Bighorn Realty
Listed by Benson Sotheby’s International RealtySold by Benson Sotheby’s International Realty
UNIT 6 | SIlvER RIDGE CONDOS | MT. C.B.SOlD FOR $1,487,500
202 Elk avE(COMMERCIal) | CRESTED BUTTESOlD FOR $1,250,000
UNIT 406 | THE lODGE aT MTS | MT. C.B.SOlD FOR $820,000
UNIT 12a | vIllaS TOwNHOMES | MT. C.B.SOlD FOR $680,000
BensonSothebysRealty.com | 11
BENSON SOTHEBy’S INTERNaTIONal REalTy STaTS• WearetheleadingrealestatebrokerageinCrestedButtebyover$15millionintotalsalesvolumecomparedtoourclosestcompetitorin2013.
• Ourofficeincreaseditstotalsalesvolumebyover51%in2013comparedto2102.
• Ourofficehada31%marketshareofsalesvolumein2013intheCrestedButtearea.
• Ourofficehasbeeninvolvedin201sidesofthetotaltransactions,whileourclosestcompetitorhas114sides.
• Ourofficesoldover$48.7millionworthoflistingsin2013.
• Ourbrokerswereverysuccessfulin2013.
• Thetop4brokersinCrestedButtewereallfromouroffice.
• ThetoplistingbrokerinCrestedButtewasfromouroffice.
• ThetopsellingbrokerinCrestedButtewasfromouroffice.
• ThebrokerwiththemosttransactionsinCrestedButtewasfromouroffice.
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.
CathyBenson970.209.5015
ChanningBoucher970.596.3228
GaryHuresky970.209.2421
Karen Redden970.209.5943
JaimaGiles970.275.9357
Megan Clark970.209.3537
Corey Dwan970.596.3219
Jamie Watt970.209.2675
LarryNeilson970.209.7849
KatyMattson970.275.4601
JillMatlock970.275.0595
Kiley Flint970.275.2554
DustinKujawski970.349.6653
SamLumb970.275.2448
IfyouwouldlikemoreinformationaboutthisQuarterlyMarketReportorwouldliketoviewpropertiesintheCrestedButteandGunnisonareapleasecontactoneofourknowledgeablebrokers.
BensonSothebysRealty.com
Wayne Meredith970.209.2706
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CONTaCT US