Birdseye View | Gunnison Market Snapshot | First Quarter 2023
Gunnison is beaming with momentum as temperatures and market activity start to heat up. Bluebird agents are thrilled to welcome clients to our new office this spring as we are relocating and opening the doors at our highly anticipated renovation at 218 N Main Street.
Average sales prices for single family homes in Gunnison during the first quarter of the year held steady compared to last year. Certain segments of the market have even experienced multiple offers, specifically homes priced under $600,000. Buyers are actively looking to lock in their next purchase, and a slight increase in inventory helps drive interest. With only two available condos and townhomes currently available for purchase in Gunnison, this segment also remains one of the hottest in the market. Affordable housing opportunities are becoming more readily available, making homeownership attainable for the local workforce. Bluebird associates are well versed in affordable housing developments, including upcoming projects at Gunnison Rising. Now is a great time to speak with a Bluebird agent to discuss your buying and selling goals so you are prepared for success in this market.
The average sold price for Gunnison area land stabilized compared to the first quarter of last year, with fewer commercial and residential land sales. Two commercial building sales also occurred in Gunnison in the first quarter of the year. Gunnison Rising proves to be an incredible opportunity for commercial and residential expansion, with more inventory slated to hit the market and developers actively seeking out this unique investment opportunity. Bluebird is pleased to exclusively represent this new 650-acre planned community development which is annexed within the City of Gunnison and located in a desirable “opportunity zone” offering potential tax incentives for investors.
We anticipate robust summer sales as inventory is freeing up and growing across Gunnison County. Bluebird is leading the market with the most available listings in Gunnison and is on track to continue leading the market throughout 2023. As a lead sponsor, we hope to see you on Sundays at Six for concerts in the park with the Gunnison Arts Center this summer. We had a wonderful time supporting Gunnison Trails at their annual Winter Blast event, and hope to see you all on the trails this summer. Please stop by our office anytime and learn more about how we are “bringing dreams home” in our community.
View the full report with graphs here.