Holy snowflakes Batman! Put on your costume and get on up here! Winter Park Resort is now open for the season!! We are as surprised as you on this mild Halloween weekend, but what a fun way to kick off the the holiday. Snowmaking began this week with some frigid temps so the baby base at Winter Park is starting to grow!
As for the real estate market, the numbers are growing as well as we moved into the fourth quarter. Historically, the bulk of our sales occur in the third and fourth quarters of the year and if you’ve been following our market reports, this shouldn’t surprise you.
In comparing just the 3rd quarters of both 2024 and 2025 to data for the entire year, its curious to note the trends. In the whole year-over-year, the 2025 single family market is stronger than 2024 in sales volume, average sales price and units sold in the Granby, Hot Sulphur and Winter Park areas. However, if we look at just 2025 third quarter stats (plus October) in all the aforementioned areas when compared to the same time period in 2024 (in volume, sales price and units sold), 2025 has been a bit slower. (Grand Lake is down in both the year over year and in the third quarter + October).
Let’s say this a different way in case it's confusing - our full year single family numbers look stronger in the Granby, Hot Sulphur and Winter Park areas. But the last 4 months have not kept up with the same four months in 2024 which is interesting (aka nerdy) real estate data when these are our hottest sales months. While the drops aren’t drastic, Winter Park Area sales volume is down 23% and Granby Area sales volume is down 32%. There have been zero homes sales in Hot Sulphur (at least none in our MLS) and the Grand Lake Area is down 8%. However, Condo and townhome sales are down in volume and units year to date most everywhere, except the Winter Park Area townhomes have a slight spike in unit sales and volume in the last 4 months over 2024 (July-October). Apologies if that is still a little confusing. The basic point is, sales are down when they are typically up but our full year-over-year stats are still up for Single Family Homes in all markets, with the exception of the Grand Lake Area.
Now onto more words and less math: Good news on the national economic front: The Feds announced another quarter point rate cut this past Wednesday in an effort to balance some unknowns, moderate growth, moderate inflation, job uncertainty, etc- all which contribute to economic pressures. Jerome Powell (Chair of the Fed) stated that overall housing shortage is still a major concern especially in urban markets vs more discretionary/resort markets.
Don’t forget to check in with us for your local market intel as this is really just a snapshot of the numbers and there are so many other nuances going on up here that we can’t begin to explain in a quick market update. We have so much to share. Hit us up for a snow update, traffic report and trail dropping gossip- we have the local intel!
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