Grand County | Mid-Year 2022
With access to Rocky Mountain National Park, the headwaters of the Colorado River, and its namesake lake which is the deepest in Colorado, Grand County provides an abundance of outdoor adventures. At an elevation of 9,100 feet, 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. Known as “Mountain Bike Capital USA,” this area has over 3,000 miles of hike and bike trails, not to mention endless watersports from fishing to paddle boarding.
Grand County has a population of nearly 16,000 residents throughout its six communities: 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 three, this report provides a year-over-year comparison of the first nine months of 2021 compared to the first nine months of 2022, analyzing January through September.
Across all six communities in the area, Grand County saw a significant increase in the average sold price, which was up 19.9% from $741,754 last year to $889,555 in 2022. The number of properties sold throughout the county decreased 16.9% to 604, reflecting lower inventory after a record-breaking year in 2021. The average days on market was 109 for the past nine months, allowing buyers more time to make decisions. Winter Park’s highest-priced sold property was $3.8 million which was a 31% increase over the previous year. That community also saw a healthy 21% increase in the average sold price, from $783,071 in 2021 to $947,214 in 2022. Tabernash also saw a large jump in average sold price, up 32.4% to $1.41 million. Granby, Fraser, and the town of Grand Lake all saw increases between 10%-20% in the average sold price over the same period in 2021.
Continue reading to learn more about how the real estate market in Grand County performed during the first nine months of the year. This Colorado Micro Market Report includes real estate data statistics for the following neighborhoods: Winter Park, Grand Lake, Fraser, Granby, Tabernash, and Kremmling.