Q3 2021
Micro Market Report GRAND COUNTY
5188 CO HWY 125
1669 Sunset Drive
Grand County MARKET UPDATE
As of the 2020 census, Grand County claims a population
The rural communities of Fraser, Granby and Tabernash all sold
of nearly 16,000. Bordering Rocky Mountain National Park
fewer homes between January and September of 2021 than they
and home to the “Great Lakes of the Rockies,” which include
did during the same time period last year, but many of those houses
Grand Lake, Shadow Mountain Lake and Lake Granby, the
spent far less time on the market. In Fraser, the average days spent
region has much to offer those residents in terms of lifestyle.
on the market for single family homes decreased by 48.1% from
People who enjoy fishing, waterskiing, SUPing or sailing are
2020, and all property types in Granby saw a 45% decrease in days
sure to enjoy it even more with the miles of breathtaking
on the market.
lakeside scenery, towering mountains, and wildlife like moose and bears skirting water’s edge. In the winter, locals
While overall sales in Kremmling steadily increased during the
and visitors partake in activities like Nordic skiing, premier
first three quarters of 2021, properties stayed on the market there
downhill skiing at Winter Park Resort, and snowmobiling
fewer days as well, dropping 16.7% over the same time period in
through miles of white powder.
2020. Though sales in the smaller Grand County communities reflect smaller sales numbers, there’s no denying the desirability
LIV Sotheby’s International Realty produces a Micro Market
of mountain towns like Grand Lake and Winter Park. If the data is
Report focused on the Grand County market and its
any indication, they will continue to draw more residents into their
performance over the first three quarters of 2021 compared
community centers.
to the first three quarters of 2020. Overall, homes in Grand County sold at an increased price of 21.5% this year, compared to the same time period in 2020. In Winter Park, the county’s largest town, buyers purchased 1.8% fewer properties, but at a 27.7% increase in price point. Single family homes there were snatched up in 76 fewer days than in the first three quarters of 2020 and the highest price of a condominium/townhome rose 48.1% compared to the year before. Grand Lake, the area’s second-largest town, enjoyed an 18.7% increase in average property prices and a 40.9% increase in all properties sold. The number of sold condominiums/townhomes in the town of Grand Lake rose a whopping 88.2% from the year prior, proving that there are
GRAND COUNTY January through September
2020
2021
% Change
Sold Listings (All Properties)
695
724
4.2%
Sold Single Family
323
319
-1.2%
Sold Condos/TH/DP
372
405
8.9%
Average Days on Market Average Sold Price % Sold Price to List Price Total Dollar Volume Sold
118
80
-32.2%
$611,419
$742,688
21.5%
98.28%
102.12%
3.9%
$424,936,492
$537,706,226
26.5%
All Properties
plenty of buyers seeking lakeside living.
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 - SEPTEMBER 2021 • COLORADOMICROREPORTS.COM
WINTER PARK WINTER PARK WINTER PARK
27.7% The average sold price in Winter Park increased by 27.7% January through September 2021 compared to that of 2020.
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 September Average Sold Price Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price
2020
2021
% Change
$613,260
$783,071
27.7%
119
81
-31.9%
$2,922,500
$2,899,000
-0.8%
166
163
-1.8%
97.8%
101.2%
3.5%
All Properties
January through September Average Sold Price Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price
2020
2021
% Change
$1,452,560
$1,892,208
30.3%
149
73
-51.0%
$2,922,500
$2,899,000
-0.8%
13
12
-7.7%
96.9%
96.2%
-0.7%
Single Family Homes
January through September Average Sold Price Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price
2020
2021
% Change
$541,947
$694,927
28.2%
117
82
-29.9%
$1,530,000
$2,266,250
48.1%
153
151
-1.3%
97.8%
101.6%
3.9%
Condos, Townhomes, Duplexes
Average Sold Price Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price
2020
2021
% Change
$640,289
$759,951
18.7%
94
65
-30.9%
$3,675,000
$4,600,000
25.2%
88
124
40.9%
97.7%
100.9%
3.3%
GRAND LAKE
January through September
All Properties
Average Sold Price Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price
2020
2021
% Change
$732,267
$892,050
21.8%
99
68
-31.3%
$3,675,000
$4,600,000
25.2%
71
92
29.6%
97.5%
100.0%
2.5%
Single Family Homes
Average Sold Price Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price
2020
2021
% Change
$256,147
$380,168
48.4%
73
57
-21.9%
$580,000
$842,500
45.3%
17
32
88.2%
98.5%
103.7%
5.3%
Condos, Townhomes, Duplexes
The amount of properties sold in Grand Lake increased by 29.6% January through September 2021 compared to that of 2020.
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 September
29.6%
GRAND LAKE
January through September
FRASER FRASER
33.3% The average days on market in Fraser decreased by 33.3% January through September 2021 compared to that of 2020.
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 September Average Sold Price Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price
2021
% Change
$699,425
$835,845
19.5%
150
100
-33.3%
$3,710,000
$4,100,000
10.5%
152
160
5.3%
98.2%
104.4%
6.4%
All Properties
January through September Average Sold Price Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price
2020
2021
% Change
$1,184,415
$1,460,060
23.3%
181
94
-48.1%
$3,710,000
$4,100,000
10.5%
44
43
-2.3%
95.7%
101.9%
6.5%
Single Family Homes
January through September
FRASER
2020
Average Sold Price Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price
2020
2021
% Change
$501,837
$606,432
20.8%
138
102
-26.1%
$933,900
$1,199,000
28.4%
108
117
8.3%
99.1%
105.3%
6.3%
Condos, Townhomes, Duplexes
January through September
Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price
2021
% Change
$476,706
$620,951
30.3%
109
60
-45.0%
$6,233,370
$4,430,000
-28.9%
187
186
-0.5%
97.8%
102.2%
4.5%
All Properties
January through September
Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price
2021
% Change
$650,402
$892,768
37.3%
127
63
-50.4%
$6,233,370
$4,430,000
-28.9%
97
86
-11.3%
98.1%
101.4%
3.4%
The Average sold price in Granby increased by 30.3% January through September 2021 compared to that of 2020.
GRANBY
Average Sold Price
2020
30.3%
GRANBY
Average Sold Price
2020
Single Family Homes
January through September
Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price
2021
% Change
$289,499
$387,189
33.7%
90
57
-36.7%
$620,000
$760,000
22.6%
90
100
11.1%
97.5%
102.9%
5.6%
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
15.9% The average sold price in Tabernash increased by 15.9% January through September 2021 compared to that of 2020.
January through September Average Sold Price Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price
TABERNASH
2021
% Change
$921,015
$1,067,807
15.9%
74
91
23.0%
$2,650,000
$3,500,000
32.1%
59
39
-33.9%
98.1%
100.4%
2.3%
All Properties
January through September
TABERNASH
2020
Average Sold Price Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price
2020
2021
% Change
$938,748
$1,084,445
15.5%
76
94
23.7%
$2,650,000
$3,500,000
32.1%
56
37
-33.9%
98.0%
99.8%
1.8%
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 September Average Sold Price Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price
2020
2021
% Change
$590,000
$760,000
28.8%
27
41
51.9%
$595,000
$820,000
37.8%
3
2
-33.3%
101.3%
110.9%
9.5%
Condos, Townhomes, Duplexes
Average Sold Price Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price
2020
2021
% Change
$395,187
$479,900
21.4%
144
120
-16.7%
$2,200,000
$1,225,000
-44.3%
43
52
20.9%
95.6%
97.0%
1.5%
All Properties
Average Sold Price Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price
2020
2021
% Change
$399,001
$486,650
22.0%
142
122
-14.1%
$2,200,000
$1,225,000
-44.3%
42
49
16.7%
95.7%
96.8%
1.2%
The average sold price in Kremmling increased by 21.4% January through September 2021 compared to that of 2020.
KREMMLING
January through September
21.4%
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
$369,666
57.3%
206
77
-62.6%
$235,000
$489,000
108.1%
1
3
200.0%
94.4%
100.5%
6.5%
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 September
KREMMLING
January through September
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 - SEPTEMBER 2021 • COLORADOMICROREPORTS.COM