Birdseye View | Gunnison Market Snapshot | First Quarter 2022
Springtime in Gunnison breathes new life into the valley, with willows turning colors, rivers flowing and everything vibrant once again. The real estate market is beginning to mirror the growth patterns during this season, with more inventory entering the market and construction projects kicking into high gear.
The average sales price for single family homes in Gunnison increased 40% compared to this time last year, an average of $574,800 compared to $408,970 in the first quarter of 2021.
In total, 14 single family homes sold in the greater Gunnison area between January and March, compared to 24 the year prior. Carryover inventory continues to be depleted with fewer homes on the market today than a year ago, however commercial real estate inventory in Gunnison continues to hold strong with 10 currently active commercial listings compared to 8 this time last year.
A significant commercial land sale at the North end of the City Limits, along with 6 other commercial building sales took place in Gunnison so far this year, including the John Roberts Motorworks building and the True Value/Sears center complex. Gunnison Rising continues laying infrastructure so that Gunnison’s newest neighborhood may develop as an interactive, walkable and bikeable extension of Gunnison. In total, the average sold price for Gunnison commercial properties in the first quarter of this year increased almost 115% over the first quarter of 2021.
Bluebird’s Main Street storefront project is underway with demolition of the middle wall and mitigation work completed. Now down to the studs, our contractors and engineers are working on structural needs to combine the two spaces into one open and inviting atmosphere. In the meantime, Bluebird’s Gunnison agents and staff can be found “bringing dreams home” from our temporary space at 121 West Virginia Avenue. Stop by and say hi, and we hope to run into you on the trails or at an I-Bar Concert this summer.
View the full report with graphs here.