Grand County | Mid-Year 2022

M I D -Y E A R 2 0 2 2

Micro Market Report G R A N D C O U N T Y, C O L O R A D O

2076 GCR 519

333 Golf Course Circle

Grand County MARKET UPDATE

Bordering Rocky Mountain National Park and home

the average sold price in Kremmling rose from $493,024 to

to the “Great Lakes of the Rockies,” Grand County

$791,360. Though the region saw an increase in prices, the

is well known for its conveniently located mountain

area overall had 14.5% fewer sales compared to last year.

town, Winter Park. Rising to an elevation of 9,100 ft,

With just 371 sales during the first six months of 2022, most

Winter Park is the gateway to the mountains west of

properties sold lasted a considerable 107 days on market,

Denver, surrounded by Arapaho National Forest and

which, unlike other resort communities, was a metric that

three wilderness areas: Indian Peaks, Byers Peak and

slowed down rather than sped up compared to the 86 days

Vasquez. Known as “Mountain Bike Capital USA,” this

on market in 2021.

area has over 3,000 miles of hike and bike trails, not to mention endless watersports from fishing to paddle

Continue reading to learn more about how the real estate

boarding. Grand County has a population of nearly

market in Grand County performed during the first six

16,000 residents throughout its six communities:

months of the year. This Colorado Micro Market Report

Winter Park, Grand Lake, Fraser, Granby, Tabernash,

includes real estate data statistics for the following

and

neighborhoods: Winter Park, Grand Lake, Fraser, Granby,

Kremmling.

Every

quarter,

LIV

Sotheby's

International Realty produces a micro market report

Tabernash, and Kremmling.

focused on Grand County’s market. For quarter two, this mid-year report provides a year-over-year comparison of the first six months of 2021 compared

GRAND COUNTY

to the first six months of 2022, analyzing January

January through June

through June.

2021

2022

% Change

Sold Listings (All Properties)

434

371

-14.5%

Sold Single Family

179

165

-7.8%

Throughout this adventure-filled region, Grand County

Sold Condos/TH/DP

255

206

-19.2%

saw a considerable increase in the average sold price,

Average Days on Market

86

107

24.4%

rising 29.6% from $711,126 last year to $921,883. This

Average Sold Price

$711,126

$921,883

29.6%

increase in property value was felt all throughout the

% Sold Price to List Price

102.14%

102.33%

0.2%

$308,628,928

$342,018,661

10.8%

county, with Kremmling seeing the highest increase of 60.5%. From January through June of 2021 to 2022,

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 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

$698,089

$924,844

32.5%

77

140

81.8%

$2,646,000

$3,775,000

42.7%

110

81

-26.4%

101.0%

103.6%

2.5%

The highest sold price in Winter Park increased by 42.7% January through June 2022 compared to that of 2021.

WINTER PARK

WINTER PARK

42.7%

January through June

All Properties

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

2021

2022

% Change

$1,476,416

$2,042,045

38.3%

51

366

617.6%

$2,646,000

$3,775,000

42.7%

6

9

50.0%

95.5%

104.9%

9.8%

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

2021

2022

% Change

$653,186

$785,194

20.2%

78

112

43.6%

$1,899,000

$2,750,000

44.8%

104

72

-30.8%

101.3%

103.4%

2.0%

Condos, Townhomes, Duplexes

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

2021

2022

% Change

$793,847

$865,794

9.1%

68

84

23.5%

$4,600,000

$2,750,000

-40.2%

64

52

-18.8%

101.7%

97.6%

-4.0%

All Properties

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

2021

2022

% Change

$939,537

$1,058,757

12.7%

74

83

12.2%

$4,600,000

$2,750,000

-40.2%

49

31

-36.7%

100.0%

95.9%

-4.1%

The average sold price in Grand Lake increased by 9.1% January through June 2022 compared to that of 2021.

GRAND LAKE

January through June

9.1%

Single Family Homes

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

2021

2022

% Change

$317,926

$580,944

82.7%

46

86

87.0%

$375,000

$1,446,000

285.6%

15

21

40.0%

106.8%

100.2%

-6.2%

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

36.2%

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

2021

2022

% Change

$782,379

$1,065,361

36.2%

118

115

-2.5%

$4,100,000

$3,970,000

-3.2%

88

79

-10.2%

105.2%

104.5%

-0.7%

The average sold price in Fraser increased by 36.2% January through June 2022 compared to that of 2021.

All Properties

January through June

FRASER

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

2021

2022

% Change

$1,463,108

$1,766,344

20.7%

104

161

54.8%

$4,100,000

$3,970,000

-3.2%

19

22

15.8%

100.8%

101.8%

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

2021

2022

% Change

$594,932

$794,806

33.6%

122

98

-19.7%

$976,000

$1,520,749

55.8%

69

57

-17.4%

106.4%

105.5%

-0.9%

Condos, Townhomes, Duplexes

January through June

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

2022

% Change

$592,615

$769,603

29.9%

60

100

66.7%

$1,750,000

$2,025,000

15.7%

109

116

6.4%

102.4%

102.3%

-0.1%

All Properties

January through June

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

2022

% Change

$874,440

$976,299

11.6%

59

97

64.4%

$1,750,000

$2,025,000

15.7%

46

62

34.8%

101.4%

101.4%

0.0%

The highest sold price in Granby increased by 15.7% January through June 2022 compared to that of 2021.

GRANBY

Average Sold Price

2021

15.7%

GRANBY

Average Sold Price

2021

Single Family Homes

January through June

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

2022

% Change

$386,838

$532,286

37.6%

61

104

70.5%

$725,000

$1,000,000

37.9%

63

54

-14.3%

103.1%

103.3%

0.1%

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

67.1%

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

2022

% Change

$1,083,303

$1,522,302

40.5%

104

62

-40.4%

$3,500,000

$5,850,000

67.1%

28

20

-28.6%

98.5%

102.3%

3.8%

All Properties

The highest sold price in Tabernash increased by 67.1% January through June 2022 compared to that of 2021.

TABERNASH

January through June

TABERNASH

2021

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

2021

2022

% Change

$1,108,173

$1,522,302

37.4%

109

62

-43.1%

$3,500,000

$5,850,000

67.1%

26

20

-23.1%

97.5%

102.3%

4.8%

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

2021

2022

% Change

$760,000

-

-

41

-

-

$820,000

-

-

2

-

-

110.9%

-

-

Condos, Townhomes, Duplexes

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

2021

2022

% Change

$493,024

$791,360

60.5%

137

91

-33.6%

$1,225,000

$8,370,000

583.3%

35

23

-34.3%

95.5%

95.2%

-0.3%

All Properties

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

2021

2022

% Change

$504,116

$830,038

64.7%

141

95

-32.6%

$1,225,000

$8,370,000

583.3%

33

21

-36.4%

95.2%

94.6%

-0.6%

The average sold price in Kremmling increased by 60.5% January through June 2022 compared to that of 2021.

KREMMLING

January through June

60.5%

Single Family Homes

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

2021

2022

% Change

$309,999

$385,250

24.3%

58

49

-15.5%

$330,000

$400,500

21.4%

2

2

0.0%

100.8%

101.5%

0.7%

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 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 2022 • COLORADOMICROREPORTS.COM