Annual Market Update - by Janene Johnson

The market is continuing to improve steadily up here in Winter Park, Colorado. We're a second home/resort market at a major ski resort, Winter Park Resort. So our market does not necessarily follow the same path as a market like Denver with mostly primary homes. But we do tend to follow Denver's trajectory, Winter Park just lags behind a bit. Here is a summary of what happened in 2015 as compared to previous years. In the following summaries and linked graphs, the area of Winter Park includes Winter Park, Fraser and Tabernash. Granby is a stand alone area. Grand Lake includes from Lake Granby up to Grand Lake. In the residential category, we include both Single Family Homes and Townhomes/Duplexes in the totals. The sold volume of residential property is up by 8% in the Winter Park area, 5% in Granby and 72% in Grand Lake. The number of listings is down by 3% in Winter Park, 11% in Granby and 1% in Grand Lake. Here is a graphshowing the average sales price of residential property in the last several years. In the condominium category, the same areas apply as in the residential category. The sold volume of condominiums is up by 31% in the Winter Park area, 5% in Granby and 72% in Grand Lake. The number of listings is down by 13% in Winter Park, up by 5% in Granby and up by 14% in Grand Lake. Here is agraphshowing the average sales price of condominium property in the last several years. In the vacant land category, the same areas apply as in the residential category. Vacant land has lagged behind the other two categories due to many factors. But we are seeing signs of vacant land sales and new builds slowly but surely. As our residential market continues to improve, you'll see vacant land sales start to improve also. The sold volume of vacant land is down by 24% in the Winter Park area, up by 21% in Granby and up by 115% in Grand Lake. Here is a graphshowing the average sales price of vacant land property in the last several years.