Grand County Micro Market Reports | Quarter 2 2021

Q2 2021

Micro Market Report GRAND COUNTY

269 Deer Trail Drive

1256 GCR 5171

Grand County MARKET UPDATE

Established in 1874, Grand County encompasses more than 1,800 square miles of valleys, mountains, meadows, and waterways. Grand Lake is Colorado’s largest and deepest natural lake, providing residents and vacationers with plenty of options for staying cool in the summer. Whether visitors are drawn to the area’s unspoiled beauty, miles of ATV/ snowmobiling trails, lakeside views and shopping, or Gold Medal fishing rivers, Grand County offers something for every type of outdoor enthusiast. Factor in Winter Park’s premier ski resort and the proximity to Rocky Mountain National Park, and it’s no surprise that Grand County is attracting more buyers every year.

LIV Sotheby’s International Realty produces a Micro Market Report focused on the Grand County market and its performance of the first half of 2021 compared to the first half of 2020. With buyers placing more emphasis on quality of life these days, resort regions like Grand County are seeing an uptick in overall sales and in home prices. The average price for a home in Grand County rose 26.4% over the same time period last year, increasing from $563,795 to $712,712.

From January through June 2021, the total number of properties sold increased in every Grand County neighborhood compared to the same time last year, with the largest increases appearing in Kremmling (94.4%), Tabernash (55.6%), and Fraser (45%). Condo, duplex and townhome sales rose significantly to 87.5% in Grand Lake, one of the area’s most popular resort towns. In Winter Park, near the largest ski resort in the region, the highest price for a sold property in 2021 increased 47% compared to the

highest price of a sold property during the first half of 2020, rising from $1,799,900 to $2,646,000.

Most Grand County neighborhoods saw properties sell faster and spend fewer days on the market compared to the first half of 2020.

Single family homes in Winter Park sold 134 days faster than this time last year—a 72.4% change—and single family homes in Fraser were close behind with a 69.6% drop in days spent on market. With properties selling faster and at a higher price point, this activity proves that Grand County is an appealing and popular choice for buyers, and the market shows no sign of slowing down.

GRAND COUNTY January through June

2020

2021

% Change

Sold Listings (All Properties)

306

431

40.8%

Sold Single Family

133

176

32.3%

Sold Condos/TH/DP

173

255

47.4%

Average Days on Market

136

86

-36.8%

$563,705

$712,712

26.4%

97.0%

101.8%

4.9%

$172,044,971

$307,178,928

78.5%

Average Sold Price % Sold Price to List Price 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 - JUNE 2021 • COLORADOMICROREPORTS.COM

WINTER PARK WINTER PARK WINTER PARK

43.8% The average days on market in Winter Park decreased by 43.8% January through June 2021 compared to that of 2020.

January through June Average Sold Price Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price

2020

2021

% Change

$587,531

$698,089

18.8%

137

77

-43.8%

$1,799,900

$2,646,000

47.0%

78

110

41.0%

97.2%

101.0%

3.9%

All Properties

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 June Average Sold Price Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price

2020

2021

% Change

$1,572,997

$1,476,416

-6.1%

185

51

-72.4%

$1,799,900

$2,646,000

47.0%

5

6

20.0%

97.4%

96.6%

-0.9%

Single Family Homes

January through June Average Sold Price Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price

2020

2021

% Change

$520,033

$653,186

25.6%

133

78

-41.4%

$1,425,000

$1,899,000

33.3%

73

104

42.5%

98.4%

101.1%

2.7%

Condos, Townhomes, Duplexes

Average Sold Price Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price

2020

2021

% Change

$518,488

$804,697

55.2%

96

67

-30.2%

$1,595,000

$4,600,000

188.4%

43

62

44.2%

97.5%

102.1%

4.7%

GRAND LAKE

January through June

All Properties

Average Sold Price Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price

2020

2021

% Change

$579,899

$960,049

65.6%

97

74

-23.7%

$1,595,000

$4,600,000

188.4%

35

47

34.3%

97.4%

100.5%

3.2%

188.4% The highest price in Grand Lake increased by 188.4% January through June 2021 compared to that of 2020.

Single Family Homes

Average Sold Price Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price

2020

2021

% Change

$249,812

$317,926

27.3%

91

44

-51.6%

$345,000

$375,000

8.7%

8

15

87.5%

97.8%

106.8%

9.2%

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 June

GRAND LAKE

January through June

FRASER

45.0% The number of properties sold in Fraser increased by 45.0% January through June 2021 compared to that of 2020.

January through June Average Sold Price Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price

2020

2021

% Change

$722,002

$785,225

8.8%

209

119

-43.1%

$3,710,000

$4,100,000

10.5%

60

87

45.0%

96.8%

105.3%

8.7%

FRASER

All Properties

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 June Average Sold Price Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price

2021

% Change

$1,349,481

$1,514,669

12.2%

352

107

-69.6%

$3,710,000

$4,100,000

10.5%

18

18

0.0%

91.7%

101.0%

10.1%

Single Family Homes

January through June

FRASER

2020

Average Sold Price Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price

2020

2021

% Change

$453,083

$594,932

31.3%

147

122

-17.0%

$807,195

$976,000

20.9%

42

69

64.3%

99.0%

106.4%

7.5%

Condos, Townhomes, Duplexes

January through June

Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price

2021

% Change

$461,227

$592,615

28.5%

119

60

-49.6%

$6,233,370

$1,750,000

-71.9%

89

109

22.5%

96.8%

102.9%

6.2%

49.6% The average days on market in Granby decreased by 49.6% January through June 2021 compared to that of 2020.

GRANBY

Average Sold Price

2020

All Properties

January through June

Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price

2021

% Change

$687,282

$874,440

27.2%

156

60

-61.5%

$6,233,370

$1,750,000

-71.9%

41

46

12.2%

97.0%

101.4%

4.6%

GRANBY

Average Sold Price

2020

Single Family Homes

January through June

Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price

2021

% Change

$268,138

$386,838

44.3%

88

61

-30.7%

$588,000

$725,000

23.3%

48

63

31.3%

96.7%

103.1%

6.6%

Condos, Townhomes, Duplexes

GRANBY

Average Sold Price

2020

Founded in 1905 and surrounded by Rocky Mountain National Park with stunning views of the Continental Divide, the mountain town of Granby offers a 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 TABERNASH TABERNASH

111.0% The highest price in Tabernash increased by 111.0% January through June 2021 compared to that of 2020.

January through June Average Sold Price Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price

2020

2021

% Change

$775,406

$1,083,303

39.7%

69

104

50.7%

$1,659,000

$3,500,000

111.0%

18

28

55.6%

97.2%

98.5%

1.3%

All Properties

52.9% The number of properties sold in Tabernash increased by 52.9% January through June 2021 compared to that of 2020.

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 June Average Sold Price Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price

2020

2021

% Change

$786,900

$1,108,173

40.8%

70

109

55.7%

$1,659,000

$3,500,000

111.0%

17

26

52.9%

96.9%

97.5%

0.7%

Single Family Homes

January through June Average Sold Price Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price

2020

2021

% Change

$580,000

$760,000

31.0%

47

41

-12.8%

$580,000

$820,000

41.4%

1

2

100.0%

103.8%

110.9%

6.9%

Condos, Townhomes, Duplexes

Average Sold Price Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price

2020

2021

% Change

$335,819

$493,024

46.8%

130

137

5.4%

$539,000

$1,225,000

127.3%

18

35

94.4%

96.4%

95.5%

-1.0%

46.8% The average price in Kremmling increased by 46.8% January through June 2021 compared to that of 2020.

All Properties

Average Sold Price Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price

2020

2021

% Change

$341,750

$504,116

47.5%

126

141

11.9%

$539,000

$1,225,000

127.3%

17

33

94.1%

96.5%

95.2%

-1.4%

Single Family Homes

Average Sold Price Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price

2020

2021

% Change

$235,000

$309,999

31.9%

206

58

-71.8%

$235,000

$330,000

40.4%

1

2

100.0%

94.4%

100.8%

6.8%

Condos, Townhomes, Duplexes

The highest price in Kremmling increased by 127.3% January through June 2021 compared to that of 2020.

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 June

127.3%

KREMMLING

January through June

KREMMLING

January through June

WHY COLORADO?

04

NATIONAL PARKS

07

MOUNTAIN RANGES

28

SKI AREAS & RESORTS

300

AVG DAYS OF SUNSHINE ANNUALY

350+ CRAFT BREWERIES

MICROMARKET REPORT | Grand County JANUARY - JUNE 2021 • COLORADOMICROREPORTS.COM