Q1 2022
Micro Market Report G R A N D C O U N T Y, C O L O R A D O
5188 CO HWY 125
687 GCR 513
Grand County MARKET UPDATE
Bordering Rocky Mountain National Park and home to the
Rural living in Grand County continued to be more expensive
“Great Lakes of the Rockies,” Grand County is well known for its
than in previous years, with the communities of Fraser, Granby, and
conveniently located mountain town, Winter Park. Rising to an
Kremmling seeing an increase in average property prices of 33.5%,
elevation of 9,100 ft, Winter Park is the gateway to the mountains
14.7%, and 150.3%, respectively during the first three months of 2022.
west of Denver, surrounded by Arapaho National Forest and three
In Kremmling, this significant increase in average property price is
wilderness areas: Indian Peaks, Byers Peak and Vasquez. Voted
attributed to the area’s astonishing highest price sale of $8,370,000,
best ski resort in North America by USA Today, Winter Park Resort
which is a 583.3% increase over the highest sale price during the first
is the epicenter of Grand County’s winter activities. Explore over
quarter of last year. Known for its year-round recreation, Tabernash is
3,000 acres of ski and snowboard trails, snowmobile through
the only community within Grand County that didn’t reflect an increase
miles of white powder, or simply soak up the famous Colorado sun
in appreciation value or a decrease in average time on market, making its
around a base-area bonfire. As of the 2020 census, Grand County
first quarter performance in 2022 a reminder that not every community
claims a population of nearly 16,00 residents throughout its six
is seeing the fast-paced, high priced market demand that consumers
towns: Winter Park, Grand Lake, Fraser, Granby, Tabernash, and
have grown accustomed to.
Kremmling.
While Grand County’s 2022 quarter one metrics reflect a slightly
Every quarter, LIV Sotheby's International Realty produces
slowing landscape with a 38.5% increase in average days on market
a Micro Market focused on Grand County’s market. For quarter
from 91 days in 2021 to 126 days this year, the market is continuing to
one, this report is a year-over-year comparison of the first
be highly competitive. With 22.5% fewer properties sold this year, yet a
quarter of 2021, compared to the first quarter of 2022, analyzing
28% increase in average sold price, the county continues to require the
January through March. Overall, homes in Grand County sold at
expertise and guidance of local real estate professionals to successfully
an increased price of 28% during the first quarter, rising from
navigate this highly coveted market which provides the convenience of
$693,457 in 2021 to $887,508 in 2022. However, Grand County’s
the city and the comfort of Colorado’s Rocky Mountains.
total dollar volume sold remained on par with the first quarter of 2021, in fact dipping down slightly from $119,968,087 in 2021 to $118,926,120 in 2022. In Winter Park, the county’s largest town, buyers purchased 40% fewer properties, but at a 57.2% increase in price point. Grand Lake, the area’s second-largest town, saw
GRAND COUNTY January through March
2021
2022
% Change
173
134
-22.5%
a 4.6% increase in average property prices and a 30.8% decline
Sold Listings (All Properties)
in all properties sold. Unlike the fast market Grand County
Sold Single Family
74
54
-27.0%
experienced in 2021, the first quarter of 2022 brought an increase
Sold Condos/TH/DP
99
80
-19.2%
in appreciation value, but also an increase in the amount of time
Average Days on Market
91
126
38.5%
Average Sold Price
$693,457
$887,508
28.0%
% Sold Price to List Price
100.55%
101.73%
1.2%
$119,968,087
$118,926,120
-0.9%
buyers had to weigh their options. In Winter Park, the average number of days on market increased from 88 days in 2021 to 162 days, and in Grand Lake, buyers and sellers saw an increase from 99 days to 151 days this year.
Total Dollar Volume Sold
All Properties Based on data from Grand County Board of Realtors® This representation is based in whole or in part on data supplied by Grand County Board of Realtors®. Grand County Board of Realtors® does not guarantee nor is inany way responsible for its accuracy. Data maintained by Grand County Board of Realtors® may not reflect all real estate activity in the market.
coloradomicroreports.com
GRAND COUNTY NEIGHBORHOODS
1.
Winter Park
2.
Grand Lake
3.
Fraser
4.
Granby
5.
Tabernash
6.
Kremmling
2
4 6 5 3 1
MICROMARKET REPORT | Grand County livsothebysrealty.com
JANUARY - MARCH 2022 • COLORADOMICROREPORTS.COM
WINTER PARK
Average Sold Price Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price
2021
2022
% Change
$606,614
$953,862
57.2%
88
162
84.1%
$2,646,000
$3,200,000
20.9%
50
30
-40.0%
100.2%
104.1%
3.9%
The average sold price in Winter Park increased by 57.2% January through March 2022 compared to that of 2021.
WINTER PARK
WINTER PARK
57.2%
January through March
All Properties
January through March Average Sold Price Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price
2021
2022
% Change
$1,499,625
$1,976,219
31.8%
60
310
416.7%
$2,646,000
$3,200,000
20.9%
4
4
0.0%
93.2%
96.4%
3.5%
Single Family Homes
Located in Grand County and just 65 miles west of Denver, Winter Park, CO provides easy accessibility to a variety of outdoor activities year-round including hiking, fishing, boating, horseback riding and its popular mountain biking trails. Winter Park is known as “Mountain Bike Capital, USA” and offers a world-class lift serviced bike park, as well as hundreds of miles of singletrack to explore. The Winter Park Express Train delivers passengers throughout the winter season from Denver Union Station to Winter Park Resort where skiers and snowboarders of all levels can enjoy groomers, glades and trees, plus the bumps and steeps of Mary Jane.
January through March Average Sold Price Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price
2021
2022
% Change
$528,961
$796,576
50.6%
91
140
53.8%
$1,080,000
$2,000,000
85.2%
46
26
-43.5%
100.4%
105.3%
4.9%
Condos, Townhomes, Duplexes
Average Sold Price Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price
2021
2022
% Change
$845,765
$884,356
4.6%
99
151
52.5%
$4,600,000
$2,750,000
-40.2%
26
18
-30.8%
101.3%
91.8%
-9.4%
All Properties
Average Sold Price Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price
2021
2022
% Change
$1,076,444
$1,028,384
-4.5%
117
135
15.4%
$4,600,000
$2,750,000
-40.2%
18
11
-38.9%
98.5%
88.2%
-10.4%
The average sold price in Grand Lake increased by 4.6% January through March 2022 compared to that of 2021.
GRAND LAKE
January through March
4.6%
Single Family Homes
Average Sold Price Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price
2021
2022
% Change
$326,737
$658,026
101.4%
57
175
207.0%
$366,000
$900,000
145.9%
8
7
-12.5%
107.0%
97.4%
-9.0%
Condos, Townhomes, Duplexes
Established in 1881, Grand Lake is a charming Colorado mountain town that derives its name from the lake on whose shores it is situated: Grand Lake, the largest natural body of water in Colorado. Summer homes and cabins line the shores of the state’s largest natural lake, where boating, sailing, fishing and stand up paddle boarding can be enjoyed.
GRAND LAKE
January through March
GRAND LAKE
January through March
FRASER
33.5%
January through March Average Sold Price Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price
2021
2022
% Change
$796,639
$1,063,755
33.5%
69
112
62.3%
$4,100,000
$3,970,000
-3.2%
27
28
3.7%
102.3%
104.5%
2.1%
The average sold price in Fraser increased by 33.5% January through March 2022 compared to that of 2021.
All Properties
January through March
FRASER
Average Sold Price Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price
2021
2022
% Change
$1,841,233
$2,000,931
8.7%
96
327
240.6%
$4,100,000
$3,970,000
-3.2%
6
7
16.7%
98.4%
99.4%
1.0%
FRASER
Single Family Homes
Fraser is centrally located between Winter Park and Tabernash and provides a variety of year-round activities including snow showing, tubbing, snowmobiling, biking, fishing, horseback riding, and miles of hiking trails to explore, including the Continental Divide. Rich in American West history, Fraser is home to an 1876 ranch and stagecoach stop which has been restored and can be seen at the Cozens Ranch Museum. Eclectic mountain boutiques and shops, and a variety of restaurants and breweries can be enjoyed after a day of adventure.
January through March Average Sold Price Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price
2021
2022
% Change
$498,183
$751,362
50.8%
61
40
-34.4%
$925,000
$1,450,000
56.8%
21
21
0.0%
103.4%
105.9%
2.4%
Condos, Townhomes, Duplexes
January through March
Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price
2022
% Change
$570,674
$654,308
14.7%
53
111
109.4%
$1,460,000
$1,990,000
36.3%
42
43
2.4%
101.8%
101.2%
-0.6%
All Properties
January through March
Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price
2022
% Change
$845,791
$869,672
2.8%
50
114
128.0%
$1,460,000
$1,990,000
36.3%
18
19
5.6%
102.7%
99.9%
-2.7%
The highest sold price in Granby increased by 36.3% January through March 2022 compared to that of 2021.
GRANBY
Average Sold Price
2021
36.3%
GRANBY
Average Sold Price
2021
Single Family Homes
January through March
Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price
2022
% Change
$364,337
$483,811
32.8%
56
109
94.6%
$685,000
$865,000
26.3%
24
24
0.0%
101.3%
102.3%
1.0%
Condos, Townhomes, Duplexes
GRANBY
Average Sold Price
2021
Founded in 1905 and surrounded by Rocky Mountain National Park with stunning views of the Continental Divide, the mountain town of Granby offers western hospitality with a friendly atmosphere. There is plenty to do in Granby; hiking, camping, golfing, biking, rafting, horseback riding, as well as snowmobiling, snow shoeing and ice fishing. Granby Ranch is a family-oriented ski resort that offers downhill skiing for all levels. Stroll down Granby’s charming main street to experience restaurants and shops. Ideally located in Middle Park of Grand County with close proximity to Denver, Granby is a smalltown destination that has a lot to offer yearround.
TABERNASH
46.2%
January through March Average Sold Price Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price
2022
% Change
$1,110,892
$928,010
-16.5%
119
64
-46.2%
$3,050,000
$1,795,000
-41.1%
14
5
-64.3%
94.2%
97.3%
3.3%
The average days on market in Tabernash decreased by 46.2% January through March 2022 compared to that of 2021.
All Properties
TABERNASH
January through March
TABERNASH
2021
Average Sold Price Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price
2021
2022
% Change
$1,110,892
$928,010
-16.5%
119
64
-46.2%
$3,050,000
$1,795,000
-41.1%
14
5
-64.3%
94.2%
97.3%
3.3%
Single Family Homes
Tabernash is a small mountain community located in southeastern Grand County, just 12 miles north of Winter Park. Named after a Native American Ute Indian, Tabernash became a railroad town in the early 1900's where settlers made the area their home. Tabernash and the surrounding area offers plenty of outdoor recreation options including hot air balloon rides, off-roading, hiking, biking, golfing, rafting, kayaking, horseback riding and cross-county skiing.
January through March
2021
2022
% Change
Average Sold Price
-
-
-
Average Days on Market
-
-
-
Highest Sold Price
-
-
-
Properties Sold
-
-
-
% Sold Price to Original List Price
-
-
-
Condos, Townhomes, Duplexes
Average Sold Price Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price
2021
2022
% Change
$472,667
$1,183,140
150.3%
216
113
-47.7%
$1,225,000
$8,370,000
583.3%
14
10
-28.6%
88.9%
95.4%
7.3%
All Properties
Average Sold Price Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price
2021
2022
% Change
$472,667
$1,382,612
192.5%
216
130
-39.8%
$1,225,000
$8,370,000
583.3%
14
8
-42.9%
88.9%
93.9%
5.6%
The average sold price in Kremmling increased by 150.3% January through March 2022 compared to that of 2021.
KREMMLING
January through March
150.3%
Single Family Homes
2021
2022
% Change
Average Sold Price
-
$385,250
-
Average Days on Market
-
49
-
Highest Sold Price
-
$400,500
-
Properties Sold
-
2
-
% Sold Price to Original List Price
-
101.5%
-
Condos, Townhomes, Duplexes
Founded in 1881 during Colorado’s silver boom days, the town of Kremmling lies at the confluence of Muddy Creek, Blue and Colorado Rivers in Grand County. Rudolph Kremmling established the first general store in 1884 to help service the ranchers within the local area. Today Kremmling is home to ranchers, businesses and outdoor enthusiasts who want to “get away from it all” as it is surrounded by thousands of acres of Bureau of Land Management and U.S. Forest Service land.
KREMMLING
January through March
KREMMLING
January through March
WHY COLORADO?
04
NATIONAL PARKS
07
MOUNTAIN RANGES
28
SKI AREAS & RESORTS
03
AVG DAYS OF SUNSHINE ANNUALY
+ 05 3
CRAFT BREWERIES
MICROMARKET REPORT | Grand County JANUARY - MARCH 2022 • COLORADOMICROREPORTS.COM