2015 Annual Market Statistics

2015 Annual Market Statistics

Our market here in the Winter Park Fraser Valley of the Northern Rocky Mountains of Colorado is going pretty well.  We’re a second home, resort market so we tend to follow the Denver market but with a distinct difference in timing.  The sellers don’t necessarily live here in the Fraser Valley so there isn’t a push to move and the buyers aren’t moving in either, so it’s interesting.

That said, here is a summary of sales using information compiled from the Grand County Board of Realtors.  This data represents 2015 as compared to 2014.

Residential property in the Winter Park area had strong sales in 2015.  In fact, the total volume of sales of residential property in 2015 increased by 8% over 2014.  The average sales price decreased by 2% but that’s a temporary situation.  The reality is that inventory is now at a very low number which translates to the fact that average sales prices will start to increase.

Condominiums in the Winter Park area experienced a 31% in total sales volume over 2014, with an average increase in sales price of 14%.

Vacant land isn’t showing quite the brisk market as residential and condominium sales but we’re seeing some positive growth in this category also.  Total sales volume and average sales price of vacant land in the Winter Park area is currently showing a decrease over 2014 but this is partly due to the low number of sales and how it makes the statistics swing.  The number of lots selling each year since 2013 has been increasing, so we’ll start to see that inventory decrease soon.

Overall, our market up here in the Colorado Rockies is heading in the right direction.  Typically our market is fairly slow at this time of year but we’re experiencing higher than normal showings and even having multiple offers on some property.  Interest rates are still extremely low and this is definitely the time to purchase mountain resort property.


Janene Johnson Headshot
Author:
Phone: 970-531-2284
Dated: February 22nd 2016
Views: 760
About Janene: Realtor Since: 1994 Community: Winter Park-Fraser Valley Rotary Club, Grand County Board of Realt...

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