Grand County MARKET UPDATE
Grand County is home to the communities of Winter Park, Grand Lake, Granby, Fraser, Tabernash, and Kremmling. Outdoor adventures range from resort skiing, hiking, and biking to boating and fishing on its eponymous lake, the largest in Colorado
The real estate market in Grand County showed an increase in total sales volume for the first quarter of 2023. For all properties in the county, the total volume sold was $124,639,286, which was a 4.1% increase over 2022. The average sold price also ticked up 7.3% from $886,827 to $951,444.
Winter Park had a 5.4% decline in average sold price, from $953,862 to $902,804 while the number of properties sold remained constant at 30. The average sold price in Fraser increased 7.9% from $1,054,505 to $1,137,313 and the number of properties sold was up 37.9% to 40. Granby’s average sold price increased 7.7% from $654,308 to $704,522.
Grand Lake saw a 19.6% decrease in the average sold price of all properties from $884,356 to $710,936. In Tabernash, the average sold price was $1,418,554 which was a 52.9% jump from 2022. This increase was due in part to the sale of a $2.8 million dollar property, which was a 56% increase from the highest priced property of $1.795 million in 2022.
With easy access to Denver and abundant recreation opportunities, many buyers continue to see the value in Grand County’s unique communities.
GRAND COUNTY
coloradomicroreports.com
January through March 2022 2023 % Change Sold Listings (All Properties) 135 131 -3.0% Sold Single Family 54 53 -1.9% Sold Condos/TH/DP 81 78 -3.7% Average Days on Market 130 220 69.2% Average Sold Price $886,827 $951,444 7.3% % Sold Price to List Price 101.76% 100.40% -1.3% Total Dollar Volume Sold $119,721,651 $124,639,286 4.1% 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.
MICRO MARKET REPORT | Grand County JANUARY - MARCH 2023 • COLORADOMICROREPORTS.COM livsothebysrealty.com
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GRAND COUNTY NEIGHBORHOODS
6
1. Winter Park 2. Grand Lake 3. Fraser 4. Granby 5. Tabernash 6. Kremmling
The average days on the market in Winter Park decreased by 26.5% January through March 2023 compared to that of 2022.
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.
WINTER PARK WINTER PARK WINTER PARK Condos, Townhomes, Duplexes Single Family Homes
26.5%
All Properties January through March 2022 2023 % Change Average Sold Price $953,862 $902,804 -5.4% Average Days on Market 162 119 -26.5% Highest Sold Price $3,200,000 $2,750,000 -14.1% Properties Sold 30 30 0.0% % Sold Price to Original List Price 104.10% 97.44% -6.4% January through March 2022 2023 % Change Average Sold Price $1,976,219 $1,841,595 -6.8% Average Days on Market 310 615 98.4% Highest Sold Price $3,200,000 $2,460,000 -23.1% Properties Sold 4 3 -25.0% % Sold Price to Original List Price 96.41% 103.06% 6.9% January through March 2022 2023 % Change Average Sold Price $796,576 $798,494 0.2% Average Days on Market 140 64 -54.3% Highest Sold Price $2,000,000 $2,750,000 37.5% Properties Sold 26 27 3.8% % Sold Price to Original List Price 105.28% 96.82% -8.0%
The average sold price in Grand Lake decreased by 19.6% January through March 2023 compared to that of 2022.
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 GRAND LAKE GRAND LAKE
Condos, Townhomes, Duplexes Single Family Homes All Properties January through March 2022 2023 % Change Average Sold Price $884,356 $710,936 -19.6% Average Days on Market 151 346 129.1% Highest Sold Price $2,750,000 $1,075,000 -60.9% Properties Sold 18 7 -61.1% % Sold Price to Original List Price 91.80% 93.23% 1.6% January through March 2022 2023 % Change Average Sold Price $1,028,384 $745,259 -27.5% Average Days on Market 135 396 193.3% Highest Sold Price $2,750,000 $1,075,000 -60.9% Properties Sold 11 6 -45.5% % Sold Price to Original List Price 88.21% 92.23% 4.6% January through March 2022 2023 % Change Average Sold Price $658,026 $505,000 -23.3% Average Days on Market 175 42 -76.0% Highest Sold Price $900,000 $505,000 -43.9% Properties Sold 7 1 -85.7% % Sold Price to Original List Price 97.43% 98.25% 0.8%
19.6%
The average sold price in Fraser increased by 7.9% January through March 2023 compared to that of 2022.
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.
FRASER FRASER
FRASER
Condos, Townhomes, Duplexes Single Family Homes All Properties January through March 2022 2023 % Change Average Sold Price $1,054,505 $1,137,313 7.9% Average Days on Market 131 405 209.2% Highest Sold Price $3,970,000 $2,895,000 -27.1% Properties Sold 29 40 37.9% % Sold Price to Original List Price 104.64% 106.22% 1.5% January through March 2022 2023 % Change Average Sold Price $2,000,931 $1,716,106 -14.2% Average Days on Market 327 359 9.8% Highest Sold Price $3,970,000 $2,895,000 -27.1% Properties Sold 7 11 57.1% % Sold Price to Original List Price 99.36% 102.29% 2.9% January through March 2022 2023 % Change Average Sold Price $753,370 $917,771 21.8% Average Days on Market 68 423 522.1% Highest Sold Price $1,450,000 $1,500,000 3.4% Properties Sold 22 29 31.8% % Sold Price to Original List Price 106.1% 107.57% 1.4%
7.9%
7.7%
The average sold price in Granby increased by 7.7% January through March 2023 compared to that of 2022.
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.
GRANBY GRANBY GRANBY Condos, Townhomes, Duplexes Single Family Homes All Properties January through March 2022 2023 % Change Average Sold Price $654,308 $704,522 7.7% Average Days on Market 111 -100.0% Highest Sold Price $1,990,000 $2,195,000 10.3% Properties Sold 43 35 -18.6% % Sold Price to Original List Price 101.23% 96.31% -4.9% January through March 2022 2023 % Change Average Sold Price $869,672 $932,715 7.2% Average Days on Market 114 90 -21.1% Highest Sold Price $1,990,000 $2,195,000 10.3% Properties Sold 19 14 -26.3% % Sold Price to Original List Price 99.93% 93.2% -6.8% January through March 2022 2023 % Change Average Sold Price $483,811 $552,394 14.2% Average Days on Market 109 138 26.6% Highest Sold Price $865,000 $853,000 -1.4% Properties Sold 24 21 -12.5% % Sold Price to Original List Price 102.3% 98.4% -3.8%
The highest sold price in Tabernash increased by 56.0% January through March 2023 compared to that of 2022.
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.
TABERNASH TABERNASH Single Family Homes All Properties January through March 2022 2023 % Change Average Sold Price $928,010 $1,418,554 52.9% Average Days on Market 64 113 76.6% Highest Sold Price $1,795,000 $2,800,000 56.0% Properties Sold 5 14 180.0% % Sold Price to Original List Price 97.27% 90.36% -7.1% January through March 2022 2023 % Change Average Sold Price $928,010 $1,418,554 52.9% Average Days on Market 64 113 76.6% Highest Sold Price $1,795,000 $2,800,000 56.0% Properties Sold 5 14 180.0% % Sold Price to Original List Price 97.3% 90.4% -7.1% TABERNASH
Condos, Townhomes, Duplexes January through March 2022 2023 % Change Average Sold Price - -Average Days on Market - -Highest Sold Price - -Properties Sold - -% Sold Price to Original List Price - - -
56.0%
The average sold price in Kremmling decreased by 56.6% January through March 2023 compared to that of 2022.
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 KREMMLING KREMMLING
Condos, Townhomes, Duplexes Single Family Homes All Properties January through March 2022 2023 % Change Average Sold Price $1,183,140 $513,600 -56.6% Average Days on Market 113 182 61.1% Highest Sold Price $8,370,000 $590,000 -93.0% Properties Sold 10 5 -50.0% % Sold Price to Original List Price 95.42% 94.16% -1.3% January through March 2022 2023 % Change Average Sold Price $1,382,612 $513,600 -62.9% Average Days on Market 130 117 -10.0% Highest Sold Price $8,370,000 $590,000 -93.0% Properties Sold 8 5 -37.5% % Sold Price to Original List Price 93.9% 94.2% 0.3% January through March 2022 2023 % 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% - -
56.6%
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AVG DAYS OF SUNSHINE ANNUALY CRAFT BREWERIES 300 350+
MICRO MARKET REPORT | Grand County JANUARY - MARCH 2023 • COLORADOMICROREPORTS.COM
