Wow! What a start to the year it has been in the Gunnison real estate market.

Countywide, the market is up 21% in total sales volume compared to the

same period last year. Taking a closer look at the Gunnison area stats shows a

similar trend- total dollar volume sold up 23% (skewed a bit due to a

significant sale in Eagle Ridge just over $1.8 million) with the total number of

transactions up 12%. Things continue to move right along with over 30

properties going under contract within the past month! The most active

market segment being single family homes priced between $150K-$300K.

Tight rental market conditions (expensive/ limited availability) along with low

interest rates and attractive down payment options have certainly helped

generate the recent surge in the residential Gunnison area market. Distressed

transactions (foreclosures and short sales) continue to dwindle. Residential

inventory is slowly beginning to build with the arrival of spring. Average seller

discount remains at 6% for residential properties with median days on market

hanging around 140, however, expect to see that time decrease if things

continue to progress at the current rate. Currently there are 501 active listings

(230 residential/271 land) in the Gunnison area market with 53 properties

under contract.

Q1 2014 Q1 2015 % Change

$ Volume

Sold $5,697,650 $7,369,400 23%

Total

Transactions 24 27 11%

Residential

Inventory 179 227 21%

Units Sold $ Volume

Q1 2013 11 $1,838,363

Q1 2014 14 $3,875,650

Q1 2015 20 $6,218,900

Parcels Sold $ Volume

Q1 2013 8 $1,271,500

Q1 2014 10 $1,822,000

Q1 2015 7 $1,150,500

Price Point # of

transactions

Active Listings

<$100K 4 6

$100-200K 6 61

$200-300K 7 58

$300-400K 2 33

$400-500K 0 17

$500K Plus 2 53

51015202530

Q1 2011 Q1 2012 Q1 2013 Q1 2014 Q1 2015

Quarterly Comparison: Total Transactions

The Gunnison Area Real Estate Market

1st Quarter 2015 Analysis In-Town Gunnison, Rural Gunnison, Almont, Powderhorn, & Ohio City/Pitkin.

(Data reflects activity from Jan.1st – Mar. 31st, 2015)

All figures are as shown in the Gunnison Country Association of Realtors MLS. Information contained herein deemed reliable but not guaranteed Joey Micucci|Realtor 970.901.6405 GunnyBroker.com

Year Units Sold $ Volume Sold Median Sold Price Median List Price Avg. Seller discount Avg. $ Per Foot

Q1 2013 9 $1,687,063 $199,000 $199,000 2% $132

Q1 2014 13 $3,706,650 $260,000 $270,000 6% $189

Q1 2015 15 $5,692,000 $252,500 $267,500 6% $138

$200,000

$220,000

$240,000

$260,000

$280,000

2011 2012 2013 2014 Apr-15

Median Asking Price Median SOLD price

135

145

155

165

2011 2012 2013 2014 Apr-15

Sales & Pricing by area?

The Gunnison area single family home market is moving at a very steady pace with over two dozen homes going under contract within the last 30 days,

most of which were priced between $150-$250K and some even went under contract within one week! Statistically, the numbers are up across the board

but it will be the next quarterly report that reflects the surge we are experiencing in this market as 25+ homes are set to close within the next month or

two. If things continue the way they are throughout the rest of the year, leverage may shift a bit more towards sellers in this market. Inventory of homes

for sale beginning to slowly increase in all price ranges, but mostly under $300K.

<$100K

$100-$

200K

$200-$

300K

$300-$

400K

$400-$500K

$500K +

0

10

20

30

40

50

60Area Total Transactions $ Volume Sold Median Price

Gunnison 6 $1,701,000 $272,500

Rural Gunnison 8 $3,891,000 $206,500

AlmontArea 0 - -

Ohio City/Pitkin 1 $100,000 $100,000

Powderhorn 0 - -

All figures are as shown in the Gunnison Country Association of Realtors MLS. Information contained herein deemed reliable but not guaranteed Joey Micucci|Realtor 970.901.6405 GunnyBroker.com

**Click here to view all sold homes from Q1 2015**

The Gunnison Area Real Estate Market

1st Quarter 2015 Analysis In-Town Gunnison, Rural Gunnison, Almont, Powderhorn, & Ohio City/Pitkin.

(Data reflects activity from Jan.1st – Mar. 31st, 2015)

Year Units Sold $ Volume Sold Median Sold Price Median List Price Avg. Seller discount Avg. $ Per Foot

Q1 2013 2 $151,300 $75,650 $80,837 6% $91

Q1 2014 1 $169,000 - - - -

Q1 2015 5 $526,900 $105,380 $116,250 9% $90

$100,000

$120,000

$140,000

$160,000

$180,000

2011 2012 2013 2014 Apr-15

Median Asking Price Median SOLD price

110

150

190

230

270

2011 2012 2013 2014 Apr-15

Sales & Pricing by area?

The Gunnison area condos and townhome market continues to slowly improve with the most active 1st quarter in a couple years. We are seeing buyers

consider local condos and townhomes as both investments and primary homes, due largely in part to the tough rental market conditions. Pricing is quite

inconsistent in this segment and depends heavily on location. Nonetheless, we’ve experienced improvement thus far in 2015 with more projected. An

important note- the numbers/stats below are a bit deceiving as there has been such little activity on this segment the past few years.

<$100K

$100-$

200K

$200-$

300K

$300-$

400K

$400K+

0

5

10

15

20

25

30 Area Total Transactions $ Volume Sold Median Price

Gunnison 2 $101,900 $50,950

Dos Rios 3 $425,000 $141,667

All figures are as shown in the Gunnison Country Association of Realtors MLS. Information contained herein deemed reliable but not guaranteed Joey Micucci|Realtor 970.901.6405 GunnyBroker.com

**Click here to view all sold condos & townhomes from Q1 2015**

The Gunnison Area Real Estate Market

1st Quarter 2015 Analysis In-Town Gunnison, Rural Gunnison, Almont, Powderhorn, & Ohio City/Pitkin.

(Data reflects activity from Jan.1st – Mar. 31st, 2015)

Year Parcels Sold $ Volume Sold Median Sold Price Median List Price Avg. Seller discount Most Sales by

Type

Q1 2013 8 $1,271,500 $73,700 $84,450 33% < 1 acre

Q1 2014 10 $1,822,000 $78,500 $104,500 19% < 1 acre

Q1 2015 7 $1,150,500 $54,000 $69,000 8% 11-40 acres

$30,000

$40,000

$50,000

$60,000

$70,000

$80,000

2011 2012 2013 2014 Apr-15

Median Asking Price Median SOLD price

160

260

360

460

2011 2012 2013 2014 Apr-15

2015 first quarter land sales are down slightly compared to last year, but all in all this segment continues to stabilize. This market seemed to have “tanked”

about a year and a half ago which then led to an upswing in purchases while pricing was down considerably. As a result, over the past year or so pricing

has slightly increased, mainly within the building sites under 1 acre. New construction continues to pop up around the Gunnison area which may lead to

more consistency in building lot sales. Inventory in this segment has remained stable, with a few new great Ranch listings East of Gunnison and down in

the Powderhorn area.

<1 acre 1-5

6-1

0

11-4

0

41+

Ranch

Min

ing

claim

s

0

20

40

60

80

100 Type Total Transactions $ Volume Sold Median Sold Price

< 1 acre sites 2 $73,000 $63,500

1-5 acres 2 $89,000 $44,500

6-10 acres 0 - -

11-40 acres 2 $306,000 $153,000

41+ acres 0 $159,334 $79,667

Ranches 1 $682,000 -

Mining Claims 0 - -

All figures are as shown in the Gunnison Country Association of Realtors MLS. Information contained herein deemed reliable but not guaranteed Joey Micucci|Realtor 970.901.6405 GunnyBroker.com

**Click here to view all Land sales from Q1 2015**

The Gunnison Area Real Estate Market

1st Quarter 2015 Analysis In-Town Gunnison, Rural Gunnison, Almont, Powderhorn, & Ohio City/Pitkin.

(Data reflects activity from Jan.1st – Mar. 31st, 2015)

Property

Type

Total $ Volume Sold

2014

Avg. Sold

Price

Median

Sold Price

Avg.

Asking

Price

Median

Asking

Price

Avg.

Seller

Discount

High $ Sale

Low $

Sale

Avg. Price

per sq.

foot

# of Sales

SF Homes $30,222,234 $290,598 $258,000 $307,356 $267,750 5% $1,845,000 $17,500 $127 104

Condo/TH $4,463,850 $135,268 $140,000 $143,037 $149,000 5% $255,000 $33,000 $105.14 30

Land $13,499,836 $228,810 $55,000 $276,574 $64,500 17% $1,750,000 $13,500

N/A 59

60

70

80

90

100

110

Q1 2011 Q1 2012 Q1 2013 Q1 2014 Q1 2015$20,000,000

$25,000,000

$30,000,000

$35,000,000

Q1 2011 Q1 2012 Q1 2013 Q1 2014 Q1 2015

The “breakout” year in the market we’ve been anticipating seems to be in the

works based on recent activity. It is easy to expect things to continue to move

along steadily throughout the summer season. For current and potential sellers

in the Gunnison area with property market values $300K and under, now is a

great time to list and sell if you’ve been waiting or thinking about doing so.

Buyers, you are in the same boat as rates are still low somehow and payments

very competitive to what you might dish out for rent. Whether you’re

considering buying or selling, I’d certainly appreciate the opportunity to discuss

viable options. As always, feel free to contact me anytime and I look forward to

hearing from you! All figures are as shown in the Gunnison Country Association of Realtors MLS. Information contained herein deemed reliable but not guaranteed

The Gunnison Area Real Estate Market

1st Quarter 2015 Analysis In-Town Gunnison, Rural Gunnison, Almont, Powderhorn, & Ohio City/Pitkin.

(Data reflects activity from Jan.1st – Mar. 31st, 2015)