Here is the mid-year stats update comparing the Grand County area real estate market year over year from January-June.
The market is little different from this time last year. Overall number of active listings is down across the board. There is some improvement in average sales prices, excluding residential sales in the Winter Park Area.
In the Winter Park Area (Winter Park, Fraser and Tabernash) residential inventory is down about 15% and sales are down by 16%. Condo inventory is down 14%, but sales are up 33%. The average condo sales price in Winter Park, Fraser and Tabernash is up 12% at $206,587. The residential average sales price is down 8% at $477,944.
Inventory in Granby is down for both residential properties and condos. However, the number of residential closing is up 45% and condo sales are up 30%. The average sales price in Granby has increased in both categories. The average residential sales price is currently at $357,522 and the average condo sales price is around $174,600.
The number of residential sales in Grand Lake has increased by 70%. Condo sales are down 33%; however, there is not a wide inventory of condos located in Grand Lake (total number of sales is only 4 down from 6 at the same time last year). Grand Lake’s average sale price is up 26% for residential properties at $301,187 and up 12% at $154,726 for condos. Keep in mind that not all Grand Lake statistics appear in our MLS due to some sales of a company which doesn’t belong to our local MLS.
The number of vacant land sales in Winter Park area has doubled from last year to 24 total sales thus far. However, the average sales price of vacant land in Winter Park, Fraser and Tabernash has dropped from $237,500 to $164,167.
Vacant land in the Granby area has dropped a little, but average sales remain about the same resting at $32,644.
Grand lake has seen a drop in vacant land sales from 6 where the average sales price was $97,167 in 2012 to only 2 sales in 2013 with the average sales price is currently around $49,250.
Overall these statistics show our marketing improving. We are hopeful that this trend with continue with positive and slow growth throughout the County. Remember that 70% of all real estate sales in Grand County tend to occur between July and November.