We are rapidly approaching one of our favorite days of the year- summer solstice! The only depressing thing about the summer solstice is that days will be slowly getting shorter. How can this be? Summer just arrived in Grand County approximately 10 days ago.
No need to feel glum- it’s time to hurry up and enjoy the next several weeks of what is a magical time in the mountains; where the rivers are pumping, the sky is a happy shade of blue and the snowfields are now a majestic emerald green sprinkled with early season wildflowers and wildlife. Ahhh…
The local real estate market has been about as predictable as the recent late spring (wintry) weather, but have no fear- this is pretty typical each year where the market activity usually increases dramatically around the end of the month. While much of the US real estate market is considered a bit topsy turvy, our micro-mountain market hasn’t drastically shifted in most cases.
Here are some quick numbers to bring you up to speed as of mid year 2025 - The most static or stable market sectors are Winter Park and Granby single family homes. Year to date, there have been 41 sales in the greater Winter Park Area (vs 41 for the same time period last year) and 37 in the greater Granby Area (vs 35 last year). Average sales price has remained fairly flat in both markets currently but notably, the median sales price has dropped - Granby Area from 1.225M to 825K and Winter Park Area from 1.5M to 1.362M, a smaller dip but a shift worth mentioning.
The dynamic shift is toward increased inventory in both markets. There are currently 72 single family homes on market in the Winter Park Area and 86 in the Granby area. In the Winter Park Area, 50% of the homes listed are under 2M with the remainder listed between 2M and 6.5M. In Granby, there are 29 homes under 1M with 57 homes exceeding 1M up to 7.9M for a custom home at C Lazy U Ranch.
For the Winter Park Area - here is the breakdown of Single Family home sales so far in 2025
- 5 sales over 3M
- 7 sales between 2-3M
- 19 sales between 1-2M
- 10 sales over 1M
For the Granby Area breakdown-
- 23 sales under 1M
- 13 sales between 1-2M
- 1 sale over 4.5M
Condo sales countywide are down significantly YTD vs this time in 2024. While average sales prices have remained stable in all towns/areas, the sales volume and number of units are down drastically. Why is this? Hard to say, but insurance premiums across the board have increased considerably for condo HOAs, which has in turn affected monthly/annual dues payments. Is this a long term issue? Hopefully not, but we are following the insurance trends and will keep you posted with what we learn.
We know that condos in Grand County are a wonderful option for many folks as you can literally “lock and leave”. You don't have to worry about who is plowing, emptying the dumpster or paying the water bill as its all-inclusive in most HOA budgeting and maintenance, providing a lot of peace of mind.
Condo stats in the Winter Park Area do show a little of what is (and isn’t) selling - This is just for the Winter Park Area, but:
- 77% of all condo sales have been under the 1M price point
- 50% of the total sales are under 700K
- 40% of all sales have been between 400K and 700K.
- The number of unit sales is down from 92 in 2024 mid year to 60 sales YTD 2025
Vacant land sales are going strong in most towns and areas of our county. Winter Park sold volume jumped 148% due to some high dollar sales in 2025. There have been 8 single family land sales over 700K in the greater WP area since January.
As always, we are a glass-half-full group at REWP. There are bright lights in the market each day just like the weather. We are geared up and ready for a busy summer because, let’s be honest, why wouldn’t you want to be here during the longest days of the year.
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