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