Micro Market Report
GRAND COUNTY, COLORADO
5188 CO HWY 125 1650 Mountain Sky YEAR END 2022
Grand County MARKET UPDATE
Established in 1874, Grand County is located just 60 miles northwest of Denver and is home to Winter Park, Grand Lake, Granby, Fraser, Tabernash, and Kremmling. Grand County encompasses over 1,800 square miles of rolling meadows, river valleys, and spectacular mountains making this Colorado destination ideal for skiing, snowshoeing, fat biking, and snowmobiling.
The real estate market in Grand County remained strong in 2022, with the average sale price throughout the county up 20.8% and the total sales volume only down 0.2% when compared to 2021.
The highest priced property in Winter Park rang in at $3.8 million, compared to $2.8 million in 2021, which was a 31% increase. Granby’s average price jumped 19.2% to $748,164. The average price in Tabernash was $1.43 million, a 39.9% increase over the prior year.
Fraser had an average price of $1.02 million which reflected a 16.9% jump from 2021.
With easy access to the Front Range, access to wilderness, and endless opportunities for outdoor recreation, many buyers are interested in Grand County’s communities.
GRAND COUNTY
coloradomicroreports.com
January through December 2021 2022 % Change Sold Listings (All Properties) 994 825 -17.0% Sold Single Family 463 344 -25.7% Sold Condos/TH/DP 531 481 -9.4% Average Days on Market 93 112 20.4% Average Sold Price $745,838 $900,719 20.8% % Sold Price to List Price 101.92% 100.48% -1.4% Total Dollar Volume Sold $741,363,587 $743,093,681 0.2% 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.
MICRO MARKET REPORT | Grand County JANUARY - DECEMBER 2022 • COLORADOMICROREPORTS.COM livsothebysrealty.com
3 5 4 2 1
GRAND COUNTY NEIGHBORHOODS
6
1. Winter Park 2. Grand Lake 3. Fraser 4. Granby 5. Tabernash 6. Kremmling
17.3%
The average sold price in Winter Park increased by 17.3% January through December 2022 compared to that of 2021.
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.
WINTER PARK WINTER PARK WINTER PARK Condos, Townhomes, Duplexes Single Family Homes
All Properties January through December 2021 2022 % Change Average Sold Price $781,456 $916,706 17.3% Average Days on Market 85 99 16.5% Highest Sold Price $165,668,815 $3,800,000 -97.7% Properties Sold 212 210 -0.9% % Sold Price to Original List Price 101.29% 100.65% -0.6% January through December 2021 2022 % Change Average Sold Price $1,852,289 $2,092,227 13.0% Average Days on Market 68 321 372.1% Highest Sold Price $2,899,000 $3,800,000 31.1% Properties Sold 16 16 0.0% % Sold Price to Original List Price 96.38% 101.32% 5.1% January through December 2021 2022 % Change Average Sold Price $694,041 $819,756 18.1% Average Days on Market 86 80 -7.0% Highest Sold Price $2,266,250 $2,750,000 21.3% Properties Sold 196 194 -1.0% % Sold Price to Original List Price 101.69% 100.60% -1.1%
16.5%
The average sold price in Grand Lake increased by 16.5% January through December 2022 compared to that of 2021.
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 GRAND LAKE GRAND LAKE
Condos, Townhomes, Duplexes Single Family Homes
Properties January through December 2021 2022 % Change Average Sold Price $725,466 $845,412 16.5% Average Days on Market 68 76 11.8% Highest Sold Price $4,600,000 $3,400,000 -26.1% Properties Sold 170 104 -38.8% % Sold Price to Original List Price 99.51% 96.00% -3.5% January through December 2021 2022 % Change Average Sold Price $835,976 $1,007,011 20.5% Average Days on Market 71 73 2.8% Highest Sold Price $4,600,000 $3,400,000 -26.1% Properties Sold 128 69 -46.1% % Sold Price to Original List Price 99.57% 94.48% -5.1% January through December 2021 2022 % Change Average Sold Price $388,673 $526,832 35.5% Average Days on Market 56 82 46.4% Highest Sold Price $842,500 $526,832 -37.5% Properties Sold 42 35 -16.7% % Sold Price to Original List Price 103.15% 98.99% -4.0%
All
16.9%
The average sold price in Fraser increased by 16.9% January through December 2022 compared to that of 2021.
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.
FRASER FRASER
FRASER
Condos, Townhomes, Duplexes Single Family Homes All Properties January through December 2021 2022 % Change Average Sold Price $873,723 $1,021,716 16.9% Average Days on Market 140 164 17.1% Highest Sold Price $4,100,000 $3,970,000 -3.2% Properties Sold 234 190 -18.8% % Sold Price to Original List Price 104.04% 102.10% -1.9% January through December 2021 2022 % Change Average Sold Price $1,465,479 $1,599,350 9.1% Average Days on Market 136 203 49.3% Highest Sold Price $4,100,000 $3,970,000 -3.2% Properties Sold 69 53 -23.2% % Sold Price to Original List Price 101.26% 100.11% -1.1% January through December 2021 2022 % Change Average Sold Price $626,261 $798,252 27.5% Average Days on Market 141 150 6.4% Highest Sold Price $1,450,000 $1,875,000 29.3% Properties Sold 165 137 -17.0% % Sold Price to Original List Price 105.2% 102.86% -2.2%
19.2%
The average sold price in Granby increased by 19.2% January through December 2022 compared to that of 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.
GRANBY GRANBY GRANBY Condos, Townhomes, Duplexes Single Family Homes All Properties January through December 2021 2022 % Change Average Sold Price $627,614 $748,164 19.2% Average Days on Market 71 103 45.1% Highest Sold Price $4,430,000 $2,050,000 -53.7% Properties Sold 249 218 -12.4% % Sold Price to Original List Price 101.98% 100.38% -1.6% January through December 2021 2022 % Change Average Sold Price $847,354 $942,130 11.2% Average Days on Market 80 86 7.5% Highest Sold Price $4,430,000 $2,050,000 -53.7% Properties Sold 128 115 -10.2% % Sold Price to Original List Price 100.44% 99.5% -0.9% January through December 2021 2022 % Change Average Sold Price $395,162 $531,601 34.5% Average Days on Market 61 121 98.4% Highest Sold Price $760,000 $1,000,000 31.6% Properties Sold 121 103 -14.9% % Sold Price to Original List Price 103.6% 101.3% -2.2%
67.1%
The highest sold price in Tabernash increased by 67.1% January through December 2022 compared to that of 2021.
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.
TABERNASH TABERNASH Single Family Homes All Properties January through December 2021 2022 % Change Average Sold Price $1,027,122 $1,437,335 39.9% Average Days on Market 85 118 38.8% Highest Sold Price $3,500,000 $5,850,000 67.1% Properties Sold 53 49 -7.5% % Sold Price to Original List Price 99.59% 97.46% -2.1% January through December 2021 2022 % Change Average Sold Price $1,050,750 $1,571,916 49.6% Average Days on Market 87 71 -18.4% Highest Sold Price $3,500,000 $5,850,000 67.1% Properties Sold 50 41 -18.0% % Sold Price to Original List Price 99.5% 96.9% -2.6% TABERNASH
Condos, Townhomes, Duplexes January through December 2021 2022 % Change Average Sold Price $633,333 $747,605 18.0% Average Days on Market 64 359 460.9% Highest Sold Price $820,000 $1,200,000 46.3% Properties Sold 3 8 166.7% % Sold Price to Original List Price 100.6% 100.3% -0.2%
The average sold price in Kremmling increased by 32.4% January through December 2022 compared to that of 2021.
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 KREMMLING KREMMLING
Condos, Townhomes, Duplexes Single Family Homes All Properties January through December 2021 2022 % Change Average Sold Price $489,483 $648,274 32.4% Average Days on Market 108 78 -27.8% Highest Sold Price $1,225,000 $8,370,000 583.3% Properties Sold 76 54 -28.9% % Sold Price to Original List Price 97.34% 95.52% -1.9% January through December 2021 2022 % Change Average Sold Price $497,607 $668,346 34.3% Average Days on Market 110 79 -28.2% Highest Sold Price $1,225,000 $8,370,000 583.3% Properties Sold 72 50 -30.6% % Sold Price to Original List Price 97.2% 95.0% -2.2% January through December 2021 2022 % Change Average Sold Price $343,249 $397,375 15.8% Average Days on Market 66 66 0.0% Highest Sold Price $489,000 $420,000 -14.1% Properties Sold 4 4 0.0% % Sold Price to Original List Price 100.4% 102.0% 1.6%
32.4%
04 07 28 NATIONAL PARKS MOUNTAIN RANGES SKI AREAS & RESORTS
WHY COLORADO?
AVG DAYS OF SUNSHINE ANNUALY CRAFT BREWERIES 300 350+
MICRO MARKET REPORT | Grand County JANUARY - DECEMBER 2022 • COLORADOMICROREPORTS.COM
