YEAR END 2021
Micro Market Report G R A N D C O U N T Y, C O L O R A D O
5188 CO HWY 125
1669 Sunset Drive
Grand County MARKET UPDATE
Bordering Rocky Mountain National Park and home to the “Great Lakes of the Rockies,” Grand County is well known for its conveniently located mountain town, Winter Park. Rising to an elevation of 9,100 ft, Winter Park is the gateway to the mountains west of Denver, surrounded by Arapaho National Forest and three wilderness areas: Indian Peaks, Byers Peak and Vasquez. Voted best ski resort in North America by USA Today, Winter Park Resort is the epicenter of Grand County’s winter activities. Explore over 3,000 acres of ski and snowboard trails, snowmobile through miles of white powder, or simply soak up the famous Colorado sun around a base-area bonfire. As of the 2020 census, Grand County claims a population of nearly 16,00 residents throughout its six towns: Winter Park, Grand Lake, Fraser, Granby, Tabernash, and Kremmling. Every quarter, LIV Sotheby’s International Realty produces a Micro Market Report focused on Grand County’s market. For quarter four, this report is a year-over-year comparison of year-end 2020, compared to year-end 2021. Overall, homes in Grand County sold at an increased price of 19.1% this year, rising from $624,899 in 2020 to $743,948 in 2021. Grand County’s total dollar volume for sold listings also increased by 18.9% to $738,740,604. In Winter Park, the county’s second-largest town, buyers purchased 17.8% fewer properties, but at a 28% increase in price point. Grand Lake enjoyed a 15.3% increase in average property prices and a 49.6% increase in all properties sold. The number of sold condominiums/townhomes in the town of Grand Lake rose a whopping 100% from the year prior, increasing from 21 properties sold to 42 in 2021.
Rural living in Grand County also became more expensive in 2021 compared to 2020, with the communities of Fraser, Granby, and Kremmling seeing an increase in average property prices of 20% or more this year. Known for its year-round recreation, Tabernash saw a 5.1% increase in property prices, with the highest sold price in the unincorporated town coming in at $3,500,000 for a single family home. Properties throughout Grand County sold at a heightened rate in 2021 compared to 2020, with listings moving off the market 32% faster this year, lasting an average of just 83 days in most towns. Tabernash, however, saw a slight increase of 12 additional days on market. While Grand County’s 2021 metrics reflects less days on market with an increase in average sold price and total dollar volume sold, this means now more than ever, the expertise and guidance of local real estate professionals are needed to navigate this highly coveted market which provides the convenience of the city and the comfort of Colorado’s Rocky Mountains.
GRAND COUNTY January through December
2020
2021
% Change
Sold Listings (All Properties)
994
993
-0.1%
Sold Single Family
440
462
5.0%
Sold Condos/TH/DP
554
531
-4.2%
Average Days on Market Average Sold Price % Sold Price to List Price Total Dollar Volume Sold
122
83
-32.0%
$624,899
$743,948
19.1%
98.66%
101.91%
3.3%
$621,150,452
$738,740,604
18.9%
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 - DECEMBER 2021 • COLORADOMICROREPORTS.COM
The average sold price in Winter Park increased by 28.0% January through December 2021 compared to that of 2020.
WINTER PARK
WINTER PARK
WINTER PARK
28.0%
January through December Average Sold Price Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price
2020
2021
% Change
$610,510
$781,456
28.0%
113
85
-24.8%
$2,922,500
$2,899,000
-0.8%
258
212
-17.8%
98.1%
101.3%
3.3%
All Properties
January through December Average Sold Price Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price
2020
2021
% Change
$1,470,767
$1,852,289
25.9%
135
68
-49.6%
$2,922,500
$2,899,000
-0.8%
16
16
0.0%
97.1%
96.4%
-0.7%
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 December Average Sold Price Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price
2020
2021
% Change
$553,633
$694,041
25.4%
111
86
-22.5%
$1,677,185
$2,266,250
35.1%
242
196
-19.0%
98.2%
101.7%
3.6%
Condos, Townhomes, Duplexes
Average Sold Price Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price
2020
2021
% Change
$629,159
$725,617
15.3%
92
67
-27.2%
$3,675,000
$4,600,000
25.2%
113
169
49.6%
97.8%
99.6%
1.8%
All Properties
Average Sold Price Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price
2020
2021
% Change
$711,440
$837,047
17.7%
94
70
-25.5%
$3,675,000
$4,600,000
25.2%
92
127
38.0%
97.6%
98.4%
0.8%
The amount of properties sold in Grand Lake increased by 49.6% January through December 2021 compared to that of 2020.
GRAND LAKE
January through December
49.6%
Single Family Homes
Average Sold Price Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price
2020
2021
% Change
$268,690
$388,673
44.7%
86
56
-34.9%
$637,000
$842,500
32.3%
21
42
100.0%
98.7%
103.2%
4.5%
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 December
GRAND LAKE
January through December
FRASER
10.5% The highest sold price in Fraser increased by 10.5% January through December 2021 compared to that of 2020.
January through December Average Sold Price Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price
2021
% Change
$703,647
$867,000
23.2%
175
139
-20.6%
$3,710,000
$4,100,000
10.5%
230
232
0.9%
99.8%
104.1%
4.3%
All Properties
January through December Average Sold Price
FRASER
2020
Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price
2020
2021
% Change
$1,197,638
$1,453,941
21.4%
176
137
-22.2%
$3,710,000
$1,453,941
-60.8%
64
68
6.3%
97.8%
101.3%
3.6%
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 December Average Sold Price Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price
2020
2021
% Change
$513,192
$623,635
21.5%
174
140
-19.5%
$933,900
$1,450,000
55.3%
166
164
-1.2%
100.5%
105.2%
4.7%
Condos, Townhomes, Duplexes
January through December
Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price
2021
% Change
$512,004
$628,127
22.7%
111
72
-35.1%
$6,233,370
$4,430,000
-28.9%
248
251
1.2%
97.8%
101.9%
4.2%
35.1% The average days on market in Granby decreased by 35.1% January through December 2021 compared to that of 2020.
GRANBY
Average Sold Price
2020
All Properties
January through December
Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price
2021
% Change
$712,492
$846,212
18.8%
124
81
-34.7%
$6,233,370
$4,430,000
-28.9%
131
129
-1.5%
97.8%
100.3%
2.6%
GRANBY
Average Sold Price
2020
Single Family Homes
January through December
Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price
2021
% Change
$287,526
$397,529
38.3%
95
63
-33.7%
$620,000
$760,000
22.6%
117
122
4.3%
97.7%
103.5%
5.9%
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
20.9% The highest sold price in Tabernash increased by 20.9% January through December 2021 compared to that of 2020.
January through December Average Sold Price Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price
TABERNASH
2021
% Change
$977,109
$1,027,122
5.1%
73
85
16.4%
$2,895,000
$3,500,000
20.9%
81
53
-34.6%
98.2%
99.6%
1.4%
All Properties
January through December
TABERNASH
2020
Average Sold Price Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price
2020
2021
% Change
$1,008,211
$1,050,750
4.2%
75
87
16.0%
$2,895,000
$3,500,000
20.9%
75
50
-33.3%
98.0%
99.5%
1.5%
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 December Average Sold Price Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price
2020
2021
% Change
$588,333
$633,333
7.6%
41
64
56.1%
$680,000
$820,000
20.6%
6
3
-50.0%
100.7%
100.6%
-0.1%
Condos, Townhomes, Duplexes
Average Sold Price Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price
2020
2021
% Change
$384,093
$489,483
27.4%
132
108
-18.2%
$2,200,000
$1,225,000
-44.3%
64
76
18.8%
94.9%
97.3%
2.6%
All Properties
Average Sold Price Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price
2020
2021
% Change
$387,534
$497,607
28.4%
130
110
-15.4%
$2,200,000
$1,225,000
-44.3%
62
72
16.1%
94.9%
97.2%
2.4%
The average sold price in Kremmling increased by 27.4% January through December 2021 compared to that of 2020.
KREMMLING
January through December
27.4%
Single Family Homes
Average Sold Price Average Days on Market Highest Sold Price Properties Sold % Sold Price to Original List Price
2020
2021
% Change
$277,450
$343,249
23.7%
178
66
-62.9%
$319,900
$489,000
52.9%
2
4
100.0%
94.3%
100.4%
6.4%
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 December
KREMMLING
January through December
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 - DECEMBER 2021 • COLORADOMICROREPORTS.COM