Our market here in the Winter ParkFraser Valley of the Northern Rocky Mountains of Colorado is going pretty well. Weâre a second home, resort market so we tend to follow the Denver market but with a distinct difference in timing. The sellers donât necessarily live here in the Fraser Valley so there isnât a push to move and the buyers arenât moving in either, so itâs 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 thatâs 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 isnât showing quite the brisk market as residential and condominium sales but weâre 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 weâll 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 weâre 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.
Author:Janene Johnson Phone: 970-531-2284 Dated: February 22nd 2016 Views: 912 About Janene: Raised on the east coast, Janene moved to Colorado after falling in love with the area while here on...
View our latest blog posts in your RSS reader. Click here to access.
Real Estate of Winter Park emphasizes teamwork, customer service and a strong marketing campaign. By working together we help each other and our clients to create the best real estate experience for everyone!
One of the things I love most about living in the Mountains is the abi
"Elle was exactly what i needed on this purchase. She was responsive and took care of all the little stuff and make the process as easy as buying a home can be. Her local knowledge of the area, born and raised here, was indispensable. Thanks Elle :)"