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[ Annual Market Review ]

THE REAL ESTATE OF WINTER PARK REPORT

REAL ESTATE OF WINTER PARK

LOCALLY OWNE D, LOCAL LY INVESTED


REAL ESTATE

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

OF WINTER PARK

LOCALLY OWNE D, LOCAL LY INVESTED

Happy 2014 from 9200 ft above sea level! At Real Estate of Winter Park, we are very confident that our local real estate market will continue to improve in 2014. As you’ll see from our compilation of statistics, 2013 was a better year than 2012 in terms of overall sales volume. While that doesn’t mean sales appreciation occurred, it is imminent as our inventory shrinks across the board. Vacant land sales were the big winner as the sold volume was up 85% over 2012. We’re seeing more new construction in the area than we’ve seen since 2007 which is very exciting! Condo sales volume in the Granby area was up a whopping 80%. Commercial and income properties in the county soared from 1.8M in sales in 2012 to 5.6M in sales in 2013. We have kicked off 2014 with epic snow conditions which is ALWAYS good for our local economy, lodging, real estate, business and dispositions! We hope we can share our optimism, knowledge, experience and energy for our wonderful community with you in the coming year. Warm Regards, The Team at Real Estate of Winter Park

“And now let us believe in a long year that is given to us, new, untouched, full of things that have never been.” - Rainer Maria Rilke

Photo Credit: Brad Torchia


GRAND COUNTY County Land Area: 1,846 square miles County Water Area: 23 square miles Publically owned land: +/- 75% Grand County Established: 1874

Population: 14,195 Homeownership Rate: 75.5% Average persons per household: 2 Median Age: 38

GRAND LAKE Population: 452 Elevation: 8437 ft Established: 1881 Zipcode: 80447

HOT SULPHUR SPRINGS

KREMMLING Population: 1,383 Elevation: 7313 ft Zipcode: 80459 The Blue River and Muddy Creek join the headwaters of the CO River.

GRANBY Population: 1,764 Elevation: 7935 ft Zipcode: 80446 Average Annual Snowfall: 128 in

Population: 638 Elevation: 7680 ft Zipcode: 80451 Home to 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: 1,156 Elevation: 8574 ft Zipcode: 80442 Avg Annual Snowfall: 231 in Avg Sunny Days Annually: 250

WINTER PARK RESORT Formally Opens in 1940 Avg. Annual Snowfall: 350 in Skiable Acres: 3,081 Base Elevation: 9,000 ft. Summit Elevation: 12,060 ft.

REAL ESTATE OF WINTER PARK

WINTER PARK Population: 452 Elevation: 9040 ft Zipcode: 80482 Avg Annual Snowfall: 227 in Winter Park began as two small settlements - Old Town & Hideaway Park.

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Active Listings

New Listings

Sold Listings

Months of Inventory

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.

Photo Credit: Brad Torchia

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.

Go to www.REWinterPark.com/Stats/2013-Market-Report-Details for detailed statistics. Source of all data contained in this report is the Grand County Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Real Estate of Winter Park Broker for more information. 4


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WINTER PARK SINGLE FAMILY/TOWNHOME/DUPLEX $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

2007

2008

2009

2010

Number of Sales

Active Listings

2011

2012

2013

Average Days on Market

Average Sales Price

Colorado consistently receives top rankings nationally as a place to live and start and succeed in business: • Best State to Invest (OwnAmerican.com)- 1st • Second-tier bioscience states (Colorado Board of Tourism - 2nd • Top state for high-tech business (Colorado Board of Tourism) - 2nd • Best States for Business (Forbes Magazine)- 4th SOURCE: http://www.coloradorealtors.com/wp-content/uploads/2013/03/Colorado-Real-Estate-Industry-Snapshot-2012.pdf Sources: Bureau of Economic Analysis; National Association of REALTORS®; Macroeconomic Advisors; Harvard Joint Center for Housing Studies, Colorado Multiple Listing Services, Realty Trac, U.S. Census Bureau, State Division of Housing; EconPost, Everitt Real Estate Center, Leeds School of Business, Denver Business Journal, Denver Post, Wall Street Journal, Colorado Office of Economic Development

WINTER PARK CONDOS $900,000

550 500

$800,000

450

$700,000

400

$600,000

350 300

$500,000

250

$400,000

200

$300,000

150

$200,000

100

$100,000

50 0

2007

2008

2009

2010

2011

2012

2013

0

Go to www.REWinterPark.com/Stats/2013-Market-Report-Details for detailed statistics. Source of all data contained in this report is the Grand County Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Real Estate of Winter Park Broker for more information. 6


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

2007

2008

2009

2010

Number of Sales

Active Listings

2011

2012

2013

Average Days on Market

Average Sales Price

COLORADO 12 Awe-inspiring Mountain Ranges 54 Fourteeners (peaks with at least 14,000+ feet)

10 Magnificent National Parks 11 Majestic National Forests

Source: http://www.advancecolorado.com/businesscolorado/rankings-and-statistics/workforce

FRASER 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

2007

2008

2009

2010

2011

2012

2013

REAL ESTATE OF WINTER PARK

Go to www.REWinterPark.com/Stats/2013-Market-Report-Details for detailed statistics. Source of all data contained in this report is the Grand County Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Real Estate of Winter Park Broker for more information.

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REASONS

CHOOSE REWP

a non-franchised, local real estate company:

10

TEAMWORK: We work together to market our company, agents and properties.

9

IN TOUCH: You won’t find us in Every-town, USA. We are unique, inventive and creative. We are the Winter Park Way.

8

COMMUNICATION: We have a fully staffed office, open 7 days a week so you can always reach us.

7

EXPERIENCE: Our agents have combined experience of 150+ years, yet we are not that old.

6

COOPERATION: Rather than competing with each other we focus on collaboration and support.

5

FORWARD THINKING: Our combined marketing strategy keeps REWP at the forefront of the industry; allowing us to better meet the evolving wants and needs of our clients.

4

PHILANTHROPY: We are volunteer leaders within our community.

3

GAME CHANGERS: We’re original. Probably the hardest thing to be nowadays - but we’re trying.

2

ESTABLISHED: We have a strong brand and web presence. We have two hyper optimized websites with all listings in Grand County.

AND THE #1 REASON TO CHOOSE REAL ESTATE OF WINTER PARK?

1

MADE IN THE USA: Real Estate of Winter Park is locally owned, locally invested.

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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

2007

2008

2009

2010

2011

2012

2013

Go to www.REWinterPark.com/Stats/2013-Market-Report-Details for detailed statistics. Source of all data contained in this report is the Grand County Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Real Estate of Winter Park Broker for more information.

Active Listings

Number of Sales

Average Days on Market

Average Sales Price

Source: 2013 National Association of REALTORS速 Profile of Home Buyers and Sellers

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REAL ESTATE OF WINTER PARK


GRANBY 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

2007

2008

2009

2010

Number of Sales

Active Listings

2011

2012

Average Days on Market

2013

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

2007

2008

2009

2010

2011

2012

2013

REAL ESTATE OF WINTER PARK

Go to www.REWinterPark.com/Stats/2013-Market-Report-Details for detailed statistics. Source of all data contained in this report is the Grand County Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Real Estate of Winter Park Broker for more information.

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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

$100,000

0

2007

2008

2009

2010

Number of Sales

Active Listings

2011

2012

2013

Average Days on Market

Average Sales Price

Recent sellers typically sold their homes for 97 percent of the listing price, and 47 percent reported they reduced the asking price at least once.

GRAND LAKE CONDOS 550

$900,000

500

$800,000

450

$700,000

400

$600,000

350 300

$500,000

250

$400,000

200

$300,000

150

$200,000

100

$100,000

50 0

2007

2008

2009

2010

2011

2012

2013

0

Go to www.REWinterPark.com/Stats/2013-Market-Report-Details for detailed statistics. Source of all data contained in this report is the Grand County Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Real Estate of Winter Park Broker for more information.

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REAL ESTATE OF WINTER PARK


WINTER PARK VACANT LAND $1,100,000

450

$1,000,000

400

$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 2007

2008

2009

2010

Number of Sales

Active Listings

2011

2012

2013

Average Days on Market

0

Average Sales Price

FRASER VACANT LAND 500

$900,000

450

$800,000

400

$700,000

350

$600,000

300

$500,000

250

$400,000

200

$300,000

150

$200,000

100

$100,000

50 0

2007

2008

2009

2010

2011

2012

2013

0

REAL ESTATE OF WINTER PARK

Go to www.REWinterPark.com/Stats/2013-Market-Report-Details for detailed statistics. Source of all data contained in this report is the Grand County Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Real Estate of Winter Park Broker for more information.

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TABERNASH VACANT LAND 550

$900,000

500

$800,000

450

$700,000

400

$600,000

350 300

$500,000

250

$400,000

200

$300,000

150

$200,000

100

$100,000

50 0

2007

2008

2009

2010

Number of Sales

Active Listings

2011

2012

Average Days on Market

0

2013

Average Sales Price

“Sales increased by 33 percent in [the mountain] region, which includes Colorado’s ski resort communities while days on the market dropped 22 percent down to 153.There is still a 15-month supply of unsold homes on the market, which is not unusual in this part of the state. There were 1,834 active listings at the end of the third quarter. New listings of available properties declined by four percent while the median sales price rose by just over 10 percent.” - Inside Real Estate News

GRANBY VACANT LAND 500

$900,000

450

$800,000

400

$700,000

350

$600,000

300

$500,000

250

$400,000

200

$300,000

150

$200,000

100

$100,000

50 0

2007

2008

2009

2010

2011

2012

2013

REAL ESTATE OF WINTER PARK

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Go to www.REWinterPark.com/Stats/2013-Market-Report-Details for detailed statistics. Source of all data contained in this report is the Grand County Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Real Estate of Winter Park Broker for more information.

0


GRAND LAKE VACANT LAND

$900,000

600 550

$800,000

500

$700,000

450 400

$600,000

350

$500,000

300

$400,000

250

$300,000

200 150

$200,000

100

$100,000

50 0

2007

2008

Active Listings

2009

2010

Number of Sales

2011

2012

Average Days on Market

0

2013

Average Sales Price

Go to www.REWinterPark.com/Stats/2013-Market-Report-Details for detailed statistics. Source of all data contained in this report is the Grand County Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Real Estate of Winter Park Broker for more information.

Brad Torchia is a Winter Park- based photographer, with a unique ability to capture the natural beauty of the place we call home. Thank you Brad for the beautiful photos we are currently using in our advertising materials.

Thank You REAL ESTATE OF WINTER PARK

Photo Credit: Brad Torchia


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WINTER PARK, FRASER AND TABERNASH 2013 Single-Family / Duplex / Townhome Closings by Price Point *Does not include quarter share sales

Sales Volume

Number of Closings Less than 1%

3%

3% 4%

22%

10%

14%

6%

19%

8% 1% 4%

9% 26%

8%

25%

10%

26%

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 2013 Condo Closings by Price Point *Does not include quarter share sales

Number of Closings

Sales Volume

Less than 1% 2% 1%

4%

3%

8%

1%

2%

7%

4%

8%

5%

19%

20%

8% 22%

15% 11%

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

10%

18%

24%

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

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

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

Go to www.REWinterPark.com/Stats/2013-Market-Report-Details for detailed statistics.

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Map of Winter Park in 1968

Historical Facts

• The town of Winter Park was first settled in 1923 and incorporated in 1978. • Just 67 miles northwest of Denver, Winter Park Resort is the closest major destination resort to Denver International Airport. • The Panoramic Express chairlift is the highest high-speed six-pack chairlift in North America, transporting skiers up to 12,060 feet above sea level! • Winter Park Resort has 3,081 total skiable acreage, includes 143 designated trails and 1,212 acres of off-piste terrain, including Vasquez Cirque and glade skiing. Winter Park Resort is one of the largest ski areas in Colorado. • Winter Park is home to the National Sports Center for the Disabled (NSCD). NSCD is one of the largest outdoor therapeutic recreation agencies in the world. • Winter Park and Mary Jane have the highest average snowfall of any destination resort in Colorado. Winter Park and Mary Jane have seasonal average of more than 350 inches (that’s over 29 feet!). Yes, Silverton Mountain may get more fluffy white as does Wolf Creek but, hey, they aren’t destination resorts. • Winter Park Resort, formerly known as West Portal, was run by the City of Denver until 2002, when a partnership was formed with Intrawest and they took over the operation at that time. • Winter Park/Fraser Valley is the Mountain Bike Capital of the United States with over 600 miles of trails. • Winter Park Resort is one of Colorado’s longest continually operated ski resorts. • Winter Park, Colorado and its rich natural resources first supported the Arapahoe and Ute tribes, and then attracted the mountain men that ventured over Berthoud Pass in the early 1800’s. • Grand County was one of Colorado’s first areas to enjoy ‘sport skiing’. Source: www.coloradoskihistory.com


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Profile for Real Estate of Winter park

Stats Book 2014  

Real Estate of Winter Park’s stats book is a comprehensive look at the unique market in Grand County, Colorado. The REWP stats book gives an...

Stats Book 2014  

Real Estate of Winter Park’s stats book is a comprehensive look at the unique market in Grand County, Colorado. The REWP stats book gives an...