July 2024 Real Estate Market Report Update for Winter Park / Granby

Welcome to the July 2024 edition of the Winter Park/Granby Real Estate Market Report, offering a comprehensive view of the latest trends and patterns in this dynamic mountain real estate market. This report specifically focuses on the Winter Park/Granby area, including Fraser, Tabernash, Granby, and Ski-In/Ski-Out properties. Let's take a look at the numbers!

Property Types and Insights

The Winter Park/Granby real estate market is shaped by its proximity to outdoor recreation and seasonal attractions. Properties in these mountain towns are highly sought after, with factors such as location, access to ski slopes, and scenic views significantly influencing market value. This report categorizes properties into Single Family Homes and Condos/Townhomes, providing a detailed overview of trends and data for in-depth analysis.

Over the last twelve months, a total of 733 properties were sold in the Winter Park/Granby area, with 426 of those being condos and townhomes. The average price to purchase a single-family home in this area is currently $1,365,076, while the average cost to purchase a condo or townhome is $827,219.

Let’s break it down further by area to better understand how these numbers impact the local market!

Market Insights: Winter Park

Winter Park is known for its world-class skiing and outdoor adventure opportunities, making it a coveted location for both seasonal and permanent residents. Over the past twelve months, 12 single-family homes sold here at a median price of $2,166,588, translating to $700 per square foot. Condos and townhomes in Winter Park are currently selling for a median price of $780,000, with a price per square foot of $692.

Real Estate Trends in Fraser

Fraser offers a relaxed mountain lifestyle with easy access to Winter Park Resort and a charming small-town atmosphere. Single-family homes in Fraser sold for a median price of $1,512,000, with a price per square foot of $598. This area continues to attract buyers who appreciate its year-round recreational opportunities.

Tabernash: A Closer Look

Tabernash is renowned for its open spaces and access to nature, making it a desirable spot for outdoor enthusiasts. Over the last twelve months, 50 properties sold in Tabernash at a median price of $1,246,500. The median price per square foot for single-family homes is currently $492, reflecting the area's appeal for those seeking both luxury and tranquility.

Insights into Granby

Granby, located between Rocky Mountain National Park and Winter Park Resort, is a favorite for buyers seeking scenic mountain views and outdoor adventures. The median sold price for single-family homes in Granby is currently $1,064,500, with a price per square foot of $411. Over the past twelve months, 82 properties were sold in this vibrant location.

Trends in Ski-In/Ski-Out Properties

For those who prioritize direct access to the slopes, Ski-In/Ski-Out properties are a premium choice. These condos and townhomes sold for a median price of $769,000, with a median price per square foot of $831. Ski-In/Ski-Out properties offer the ultimate convenience for winter sports enthusiasts and have remained in high demand.

What Does This Mean For You?

Whether you are a buyer or a seller, understanding these market dynamics is essential for making informed decisions. The Winter Park/Granby real estate market, with its unique mountain properties and outdoor lifestyle, presents a variety of opportunities for those looking to invest in this beautiful region.

For personalized insights and assistance navigating this market, feel free to reach out to me at (303) 886-9616 or [email protected]​. I value your feedback and welcome any questions or comments you may have. Don’t hesitate to reach out for assistance!

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Jack "Winter Park Jack" Gerstein