It’s beginning to look a lot like Christmas! We hope your Thanksgiving holiday was excellent and spent with the ones you love. Our winter season officially kicks off here in the Gunnison Valley tonight with the Night of Lights, the annual big tree lighting on South Main Street & Santa’s entrance! If you are in town, please do stop by our office at 218 N Main for a taste of Mindy's homemade eggnog! Skiers are traversing the “first snow” at Crested Butte Mountain Resort which opened last week. With Christmas right around the corner, we are starting to see more and more visitors in the scenic Gunnison Country.
Mindy-Land.com launched last month and is receiving rave reviews. We're excited to share it with you! Stay up to date on current real estate news, community news, local events, and property listings. Please click into: www.Mindy-Land.com and let us know what you think.
Local listing and bustling sales continue throughout the Gunnison and Crested Butte real estate landscape. Gunnison Valley property is still in high demand and we are working with highly qualified buyers. Though we are seeing more properties come on the market for the winter selling season, the lack of attractive properties for sale continues to be one of the largest challenges. Some good news is that mortgage interest rates have slightly decreased. Today’s average for a 30 year fixed rate is 8.06% APR; down from 8.527% APR at the beginning of November. Hopefully the Feds will try to maintain this rate and downward trend through the end of the year.
If you are considering buying or selling or would like more information regarding this current market or your property’s present value, we are offering several different sales strategies that are working well in this current exchange. Feel free to reach out to me or stop by our office at 218 N Main Street for a cup of coffee, tea or a cold drink!
Thank you for reading our December MindyGram. Happy Holidays! Looking forward to seeing you in MindyLand soon!
Mindy Costanzo
Bluebird Real Estate
Broker Associate
(970) 209-2300
This Month's Featured Listing
120 Tomichi Creek Loop
If you have ever dreamed of living in a location that "has it all", Tomichi Creek is it! Exceptionally well designed, Tomichi Creek is the newest, private residential neighborhood in the Dos Rios Golf Community located just 10 minutes from downtown Gunnison offering a matchless location more enticing than any neighborhood in the Gunnison Valley.
MindyLand Market Briefs
Gunnison Market Update
From our MLS feeds we can see that here in the south end of the valley we closed out November with $110.9M in residential sales volume year to date; putting us $26.7M above the sales volume at this time last year. Another $18.9M is currently under contract putting us on track for another great year in real estate!
This year’s average sales price is also up 16.3% to $644,700 from $539,574 and inventory continues to move rather quickly. We remain in the throws of a strong Seller’s Market due to the lack of homes and land now on the market.
Crested Butte Market Update
Sales in the north end of the valley have slowed ever so slightly. We closed out November with $273.7M in sales volume year to date. That puts us $22.7M below the sales volume at this time last year; however another $21.8M is currently under contract.
The average sales price is up an incredible 19.2% to $1,479,568 from $1,195,339 with available inventory being the biggest challenge in the north end of the valley as well.
Upcoming Events
December 1 - Night of Lights
December 9-10 - Colorado Crafted
December 27 - Women's Networking Night & Holiday Gift Exchange
For additional local events, visit the Community Info page on our website.
Interesting Reads
Thank you for reading our December MindyGram. Happy Holidays! Looking forward to seeing you in MindyLand soon!