Grand County | Quarter 1 2021
Bordering the vast and magnificent Rocky Mountain National Park, Grand County lies in the north-central mountains of the state and includes the resort towns of Grand Lake and Winter Park. The area is known for its sweeping valleys with spectacular views of the Continental Divide, quaint ski towns, and trio of lakes unofficially dubbed the “Great Lakes of the Rockies.” Grand Lake, Colorado’s largest and deepest natural lake, provides residents and visitors with a plethora of water sport options, including sailing, waterskiing, fishing, and stand-up paddle boarding.
LIV Sotheby’s International Realty produces a Micro Market Report focused on the Grand County market and its performance of the first quarter of 2021 compared to that of 2020.
January through March this year were productive months in Grand County real estate, with a 10.3% increase in sold listings compared to the same months in 2020. The average selling price of all types of properties also rose 14%, from $607,467 to $692,333.
The average selling price in most Grand County neighborhoods for all property types also saw increases this year as compared to Q1 2020, including a 59% rise in Tabernash, a 50% rise in Kremmling, and a 62.5% rise in Grand Lake. Winter Park had the highest increase of a sold property at 52.1%, increasing from $1,740,000 in 2020 to $2,646,000 in 2021. Even less-populated Kremmling doubled its home sales from last year at this time, from 7 to 14 properties sold.
The charming town of Grand Lake may be the area’s biggest draw this quarter, however. Consumers flooded into single family homes in Grand Lake proper, with an impressive 87.5% increase in price compared to the same time frame in 2020. Grand County properties overall are also selling faster and spending fewer days on the market compared to the first quarter of 2020.
Though Grand County has faced some challenges recently with the pandemic and last year’s wildfire, real estate activity in this region continues to be productive and robust. Consumers searching for spectacular views and dazzling lakes near their mountain getaways continue to instigate growth in this topographically diverse region.
This Colorado Micro Market Report includes real estate data statistics for the following neighborhoods: Winter Park, Grand Lake, Fraser, Granby, Tabernash, and Kremmling.