Rewp annual report 2016 web

THE REAL ESTATE OF WINTER PARK REPORT [ Annual Market Review ]

REWinterPark.com • 970.726.2600 Located in Downtown Winter Park, CO • 78622 US Hwy 40

And now we welcome the new year. Full of things that have never been. - Rainer Maria Rilke Starting off the year in sub zero temperatures has given us some indoor time at desks to reflect on the whirlwind of events in 2015. Most urban and rural markets across the US have fully recovered from the glut of foreclosures, short sales and depressed real estate values. We are feeling warm and fuzzy about this rebound in Grand County. Here is a snap shot of 2015: Total sales dollars spent on real estate in Grand County were up 17% in 2015 vs 2014. Some notable statistics show that the historically strong 4th Quarter was bustling!! 38% of all Winter Park area condos and townhomes sold in the last three months of 2015. This left many scrambling for property before year-end holidays and the 2016 ski season. Winter Park area home sales were strong but flat....they were strong in 2014 as well. Vacant land continues to be the slowest moving sector of our market but the number of units sold were up in all of Grand County.

Grand Lake home sales boomed in 2015 as the number of home sold was up 48% vs 2014 and the overall sales volume was up 74%! The Kremmling home market was up 118% for sales dollars!! Those are crazy big jumps in sales!

In 2016, we predict rapid condo and townhome building as developers are trying “catch up” to provide new inventory in a market that hasn’t seen much, if any, new building since 2007. We expect the “face” of Highway 40 to morph with new residential and commercial building to go with the new traffic lights. We hope to ride on new municipal public transportation in the next twelve to twenty four months.

We at REWP support smart and thoughtful growth. Cheers to another exciting year in our mountain paradise!

More Informa tion The original Map Book of Grand County will lead you through our county from the Winter Park Ski Area to Grand Lake and Hot Sulphur Springs

The REWP Map Book of Grand County

Our easy to navigate website allows you to search all available properties in Grand County.

www.rewinterpark.com

The REWP Property Book features all of our current listings with detailed neighborhood descriptions, in an easy to follow tour through the county.

The REWP Property Guide of Grand County

Two highly optimized & responsive websites means that your property has a better chance of being “found” online.

realtywinterpark.com

rewinterpark.com

GRAND COUNTY County Land Area: 1,847 square miles County Water Area: 23 square miles Publically owned land: +/- 75% Grand County Established: 1874

Population: 14,790 Homeownership Rate: 75.5% Average persons per household: 2.75 Median Age: 41

GRAND LAKE Population: 421 Elevation: 8437 ft Established: 1881 Zipcode: 80447

HOT SULPHUR SPRINGS

KREMMLING Population: 1,444 Elevation: 7313 ft Zipcode: 80459 The Blue River and Muddy Creek join the headwaters of the CO River.

GRANBY Population: 1,864 Elevation: 7935 ft Zipcode: 80446 Average Annual Snowfall: 128 in

Population: 663 Elevation: 7680 ft Zipcode: 80451 The County Seat

Grand Lake is the largest and deepest natural lake in Colorado.

TABERNASH Population: 417 Elevation: 8326 ft Zipcode: 80478 Named after a Ute Indian.

To Silverthorne

FRASER Population: 1,224 Elevation: 8574 ft Zipcode: 80442 Avg Annual Snowfall: 143 in Avg Sunny Days Annually: 244

WINTER PARK Population: 999 Elevation: 9040 ft Zipcode: 80482 Avg Annual Snowfall: 322.5 in Winter Park began as two small settlements - Old Town & Hideaway Park.

WINTER PARK RESORT Formally Opened in 1940 Avg. Annual Snowfall: 322.5 in Skiable Acres: 3,081 Base Elevation: 9,000 ft.

Summit Elevation: 12,060 ft.

2

Winter Park, CO - Single Family Home LISTINGS & ABSORPTION RATES 2014-2015

Active Listings

New Listings

Sold Listings

Months of Inventory

HOW TO READ THIS GRAPH New Listings - A measure of how much new supply is coming onto the market from sellers.

Pending/Under Contract - A count of all the listings that went Under Contract during the reported period.

Sold Listings - A measure of home sales that were closed during the reported period.

Average Sales Price - A sum of all home sales prices divided by total number of sales.

Days on Market - A measure of how long it takes homes to sell.

Active Listings - A measure of the number of homes available for sale at a given time. The availability of homes for sale has a big effect on supply-demand dynamics and home prices.

Months of Inventory or Absorption Rate A measure of how balanced the market is between buyers and sellers. It is expressed as the number of months it would hypothetically take to sell through all the available homes for sale, given current levels of home sales. A balanced market ranges from 20 to 30 months of supply. A buyer’s market has a higher number, reflecting fewer buyers relative to homes for sale. A seller’s market has a lower number, reflecting more buyers relative to homes for sale.

Listing & Absorption rates are useful in determining your timing to buy or sell property. The above graph illustrates the listing & absorption rates for Single Family Homes in the Winter Park Area (Winter Park, Fraser, Tabernash).

You can find more graphs on our website for condos & vacant land in the Winter Park Area, as well as Granby and Grand Lake. If you need help understanding this data and what it means to you, please call our office at 970.726.2600 and speak to one of our agents.

Go to http://rewinterpark.com/market-stats/ for more detailed statistics.

3

Source of all data contained in this report is from the Grand County Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed.

WINTER PARK SINGLE FAMILY/TOWNHOME/DUPLEX 400

$900,000

350

$800,000

300

$700,000 $600,000

250

$500,000

200

$400,000

150

$300,000

100

$200,000

50

$100,000

0

2009

2010

2011

2012

Number of Sales

Active Listings

2013

2014

2015

Average Days on Market

Average Sales Price

WINTER PARK CONDOS 550

$900,000

500

$800,000

450

$700,000

400

$600,000

350

$500,000

300 250

$400,000

200

$300,000

150

$200,000

100

$100,000

50 0

2009

2010

2011

2012

2013

2014

2015

0

REAL ESTATE OF WINTER PARK

Go to http://rewinterpark.com/market-stats/ for more detailed statistics.

Source of all data contained in this report is from the Grand County Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed.

4

FRASER SINGLE FAMILY/TOWNHOME/DUPLEX 450

$900,000

400

$800,000

350

$700,000

300

$600,000

250

$500,000

200

$400,000

150

$300,000

100

$200,000

50

$100,000

0

2009

2010

2011

2012

Number of Sales

Active Listings

2013

2014

2015

Average Days on Market

Average Sales Price

FRASER CONDOS $900,000

450

$800,000

400

$700,000

350

$600,000

300 250

$500,000

200

$400,000

150

$300,000

100

$200,000

50

$100,000

0

2009

2010

2011

2012

2013

2014

REAL ESTATE OF WINTER PARK

Go to http://rewinterpark.com/market-stats/ for more detailed statistics.

5

Source of all data contained in this report is from the Grand County Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed.

2015

0

TABERNASH SINGLE FAMILY/TOWNHOME/DUPLEX 450

$900,000

400

$800,000

350

$700,000

300

$600,000

250

$500,000

200

$400,000

150

$300,000

100

$200,000

50

$100,000

0

2009

Active Listings

2010

2011

2012

Number of Sales

2013

2014

2015

Average Days on Market

Average Sales Price

At Real Estate of Winter Park there is no such thing as “too many cooks in the kitchen.”

Before the REWP doors opened in 2008, the owners unanimously agreed that their real estate company would be different than the traditional office. They wanted more focus on their clients’ buying and selling experience.

What is better than one experienced Realtor working for you?

A whole team of them providing back-up support, experience and collaborative marketing.

REAL ESTATE OF WINTER PARK

Go to http://rewinterpark.com/market-stats/ for more detailed statistics.

Source of all data contained in this report is from the Grand County Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed.

6

GRANBY SINGLE FAMILY/TOWNHOME/DUPLEX 450

$800,000

400

$700,000

350

$600,000

300

$500,000

250

$400,000

200 150

$300,000

100

$200,000

50

$100,000

0

2009

2010

2011

2012

Number of Sales

Active Listings

2013

2014

0

2015

Average Days on Market

Average Sales Price

GRANBY CONDOS 450

$900,000

400

$800,000

350

$700,000

300

$600,000

250

$500,000

200

$400,000

150

$300,000

100

$200,000

50

$100,000

0

2009

2010

2011

2012

2013

2014

2015

REAL ESTATE OF WINTER PARK

Go to http://rewinterpark.com/market-stats/ for more detailed statistics.

7

Source of all data contained in this report is from the Grand County Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed.

0

GRAND LAKE SINGLE FAMILY/TOWNHOME/DUPLEX $900,000

350

$800,000

300

$700,000

250

$600,000

200

$500,000 $400,000

150

$300,000

100

$200,000

50 0

$100,000 2009

2010

2011

2012

Number of Sales

Active Listings

2013

2014

2015

Average Days on Market

0

Average Sales Price

GRAND LAKE CONDOS 550

$900,000

500

$800,000

450

$700,000

400

$600,000

350

$500,000

300 250

$400,000

200

$300,000

150

$200,000

100

$100,000

50 0

2009

2010

2011

2012

2013

2014

2015

0

REAL ESTATE OF WINTER PARK

Go to http://rewinterpark.com/market-stats/ for more detailed statistics.

Source of all data contained in this report is from the Grand County Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed.

8

WINTER PARK VACANT LAND 700

$700,000

600

$600,000

500

$500,000

400

$400,000

300

$300,000

200

$200,000

100

$100,000

0

2009

2010

2011

2012

Number of Sales

Active Listings

2013

2014

2015

Average Days on Market

Average Sales Price

FRASER VACANT LAND

700 $600,000

600

$500,000

500

$400,000

400 300

$300,000

200

$200,000

100 0

$100,000 2009

2010

2011

2012

2013

2014

2015

REAL ESTATE OF WINTER PARK

9

Go to http://rewinterpark.com/market-stats/ for more detailed statistics.

Source of all data contained in this report is from the Grand County Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed.

TABERNASH VACANT LAND 550 500

$1,000,000

450

$900,000

400

$800,000

350

$700,000

300

$600,000

250

$500,000

200

$400,000

150

$300,000

100

$200,000

50

$100,000

0

2009

2010

2011

2012

Number of Sales

Active Listings

2013

2014

2015

Average Days on Market

Average Sales Price

GRANBY VACANT LAND 600

$600,000

500

$500,000

400

$400,000

300

$300,000

200

$200,000

100

$100,000

0

2009

2010

2011

2012

2013

2014

2015

REAL ESTATE OF WINTER PARK

Go to http://rewinterpark.com/market-stats/ for more detailed statistics.

Source of all data contained in this report is from the Grand County Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed.

10

GRAND LAKE VACANT LAND 600

$600,000

500

$500,000

400

$400,000

300

$300,000

200

$200,000

100

$100,000

0

2009

2010

2011

Number of Sales

Active Listings

2012

2013

2014

2015

Average Days on Market

Average Sales Price

Some Numbers Matter More Than Others 375 27 11

4 3 1 11

0

Broker Associates

8

Broker/Owners

8

Years in Business

7 Sta

Non-proďŹ ts We Support

Day of the Week a Live Person Answers the Phone at Our Office

Members

Licensed Assistants

#1 in Sales

# of local real estate offices besides REWP that are independantly owned and work as a team

Our Realtors Total Combined Years of Experience in Real Estate

127

Iron Horse (Overall)

0 2

Lakota 1/4 Shares (Antlers)

GRANBY

TABERNASH

FRASER

60*

Timber Run

Trailhead Lodges

125** 327**

Pole Creek Valley

Winter Park Highlands

5

Innsbruck Val-Moritz

555**

0

Grand Elk (All Neighborhoods)

0

3 1

68

2

0

0

0

Granby Ranch (Single-Family & TH)

Base Camp One Condos (Granby Ranch)

120*

102**

Aspen Meadows

260**

Pole Creek Meadows

2

Fairways at Pole Creek

1 351**

0

The Timbers

Winter Park Ranch

1

Rendezvous Custom Homes

Waterside West

0

Rendezvous Townhomes 58

4

0

0

0

4

0***

0

0

0

0

0

1

0

2

Rendezvous Cabins

68

35

Snowblaze Studios

332

48

Snowblaze (2bed & 2bed + loft)

Pines at Meadow Ridge

32

Sawmill Station

Meadow Ridge

54

Red Quill

48*

30

Hi Country Haus

40*

330

Crestview

Grand Park

41

Beaver Village

Cozens Pointe

56 228

Bear Crossing

0

0

Lakota (Antler & Mtn Lodge Twnhm)

1

1

2

2

Lakota (Single-Family & Duplexes)

DOWNTOWN WINTER PARK

LAKOTA

230

Iron Horse Studio

202

Zephyr Mtn. Lodge

9

3

7

4

3

8

5

1

9

4

2

0

4

11

6

0

3

6****

6

3

1

2

0

0

1

1

0

3

3

5

0

2

0

1

7

6

Total # of # of Units Pending Active

Fraser Crossing/Founder's Pointe

WINTER PARK RESORT

General Area & Complex/Neighborhod

15.00

1.25

9.33

3.67

2.00

9.33

1.25

0.42

1.50

3.67

2.00

0.00

0.00

8.25

4.50

0.00

6.75

1.50

1.00

2.75

0.33

1.17

0.00

0.00

0.17

1.67

0.00

5.00

2.25

1.67

0.00

0.83

0.00

1.08

11.08

4.50

$486,806

$398,633

$533,129

$373,845

$232,300

$494,662

$553,580

$1,100,000

$1,281,156

$679,500

254750

0

$2,015,975

$464,359

$759,250

$0

$154,300

$530,333

$409,233

$475,600

$449,000

$97,950

$0

$0

$599,900

$187,500

$0

$212,300

$593,000

$136,200

$0

$1,719,500

$119,000

$310,000

$363,029

$296,470

Absorbtion Rate (# of Months of Average List Inventory) Price

As of 1/1/2016

28.34%

38.14%

9.00%

30.04%

36.07%

16.33%

13.47%

34.02%

24.87%

38.70%

n/a

n/a

100.00%

0.45%

11.38%

n/a

4.82%

-5.92%

8.12%

35.02%

46.72%

23.49%

n/a

n/a

32.91%

29.98%

n/a

24.44%

22.84%

15.93%

n/a

39.41%

8.82%

58.07%

12.05%

13.35%

% Change from 2015

155

432

215

341

231

270

203

144

199

130

185

0

62

398

304

0

160

121

197

352

108

222

0

0

288

24

0

85

25

176

0

476

25

311

74

221

Average Days on Market

19

9

20

4

10

9

7

5

2

15

12

5

2

9

15

1

31

11

6

17

7

5

4

2

1

24

3

16

6

6

8

2

3

5

17

10

# of Closed

$381,021

$353,944

$478,408

$345,125

$161,865

$408,500

$470,229

$761,800

$617,000

$468,628

$225,250

$238,380

$1,771,000

$485,798

$599,613

$185,000

$160,500

$595,291

$330,667

$386,153

$323,500

$85,300

209750

$354,000

$420,000

$146,273

$222,667

$190,525

$506,167

$142,667

$453,281

$1,402,500

$123,533

$146,120

$289,511

$347,540

8.44%

30.33%

-1.40%

24.22%

8.26%

-1.32%

-1.87%

4.73%

-56.00%

11.12%

-13.80%

7.40%

100.00%

4.84%

-12.21%

22.41%

8.50%

5.63%

-13.71%

19.97%

26.05%

n/a

n/a

-2.06%

n/a

10.24%

7.19%

15.80%

9.60%

19.74%

-6.12%

25.72%

12.17%

11.04%

-10.29%

26.09%

Average Sales % Change from 2014 Price

2015 Sales

2015 TWELVE-MONTH MARKET ANALYSIS BY NEIGHBORHOOD (RESIDENTIAL ONLY)

Grand County Overview

127

243

153

99

153

273

149

130

618

210

93

120

156

341

181

128

138

292

94

407

195

114

207

439

59

163

357

96

154

319

195

53

205

254

182

200

Average Days on Market

20

5

16

11

8

14

3

5

2

11

12

2

0

9

9

4

27

9

2

11

4

7

0

9

2

20

3

20

9

4

3

5

11

13

19

9

# of Closed

$348,850

$246,600

$485,123

$261,545

$148,500

$413,886

$479,000

$725,800

$962,500

$416,500

$256,325

$220,750

$0

$462,262

$672,833

$143,545

$146,859

$561,748

$376,000

$309,045

$239,225

$74,943

n/a

$361,278

$402,500

$131,288

$206,667

$160,415

$457,556

$114,500

$481,000

$1,041,800

$108,500

$129,985

$319,289

$256,877

9.09%

-12.73%

-0.38%

-13.90%

-16.39%

7.68%

0.57%

6.14%

-4.28%

18.45%

7.43%

-2.73%

n/a

7.20%

0.17%

7.93%

3.15%

0.77%

21.54%

5.64%

14.97%

n/a

n/a

1.35%

n/a

-7.65%

-4.03%

6.10%

1.13%

10.92%

5.54%

-18.66%

10.33%

20.22%

7.90%

16.26%

226

327

133

348

195

317

120

364

318

130

132

212

0

160

399

106

255

237

146

293

414

236

n/a

125

98

303

127

281

370

414

674

247

240

260

326

277

13

1

25

18

10

17

4

2

2

10

5

12

1

2

3

3

21

7

1

4

3

0

4

6

0

8

1

11

10

1

3

2

8

9

9

10

Average Average Sales % Change Days on # of from 2013 Market Closed Price

2014 Sales

$317,131

$278,000

$486,961

$297,893

$172,840

$382,112

$476,250

$681,250

$1,003,667

$339,665

$237,280

$226,775

$2,150,000

$429,000

$671,667

$132,167

$142,234

$557,442

$295,000

$291,600

$203,417

n/a

$199,750

$356,400

n/a

$141,325

$215,000

$150,636

$452,400

$102,000

$454,367

$1,236,250

$97,288

$103,701

$294,056

$215,100

Average Sales Price

188

160

183

641

239

272

305

120

206

256

153

209

52

388

238

128

228

320

42

109

206

n/a

218

419

n/a

250

217

233

110

116

288

299

293

296

273

315

Average Days on Market

2013 Sales

WINTER PARK, FRASER AND TABERNASH 2015 Single-Family / Duplex / Townhome Closings by Price Point *Does not include quarter share sales

Sales Volume

Number of Closings

3% 7% 4%

12%

5%

17% 15%

9%

10% 10%

5% 6%

15%

13%

18%

12%

20%

16%

Under $299,999 $300 - $399,999 $400 - $499,999

$500 - $599,999 $600 - $699,999 $700 - $799,999

$800 - $899,999 $900 - $999,999 $1M +

WINTER PARK, FRASER AND TABERNASH 2015 Condo Closings by Price Point *Does not include quarter share sales

Number of Closings

Sales Volume

Less than 1%

2% 2% 2%

2%

7%

2%

9%

5%

17%

10%

3%

5% 4%

9% 16%

11%

5%

21%

15%

20%

Under $99,999 $100 - $149,999 $150 - $199,999 13

5%

$200 - $249,999 $250 - $299,999 $300 - $349,999

$350 - $399,999 $400 - $449,999 $450 - $499,999

19% 6%

$500 - $549,999 $550 - $599,999 $600,000 +

OUR OWNERS OUR BROKER ASSOCIATES

Cliff Anderson

Peter Gach

Janene Johnson

Shanna Lalley

Mike Periolat

Katie Riemenschneider

Lisa Leclair Waldorf

Jean Wolter

Regis Dahl

Carrie Flynn

Dan Gile

Sylvia Hensley

Jennifer Hughes

Erin Jeziorski

Sue Seemann

Peggy Smith

Margaret Sonnek

Julie White

OUR STAFF

Not pictured: Brad Smith

Sarah Ryan

Operations Manager

Jordan Miller Support Staff

Karissa Gagnon Marketing Manager

Amanda Solomon

Licensed Assistant to Lisa Waldorf

Morgan Keeler

Licensed Assistant to Katie Riemenschneider

Patty Wagner

Broker Assistant to Shanna Lalley & Jean Wolter