FEBRUARY 2023 REAL ESTATE MARKET UPDATE The big headline I'm sure you are seeing in the news reads something like "real estate values are dropping!" Are we
SINGLE FAMILY HOMES
$2,000,000
AVERAGE SALES PRICE
seeing this in Grand County? Let’s take a look. When looking at Single Family Home Sales in all of Grand County, the average sales price in January 2022 was
$1,500,000
$952,450. This past January, the average sales price was $1,116,330, a 17% increase year over year. $1,000,000
When you break up Grand County and look at the Winter Park and Granby Areas, the average sales price for single family homes follows the same trend. The Winter Park Area went up from $1,081,258 (Jan 2022) to $1,505,468 (Jan
$500,000
Jan ‘20
Jan ‘21
Jan ‘22
Jan ‘23
2023) - a 40% increase. And the Granby Area went up from $744,318 (Jan 2022) to $890,000 (Jan 2023) - a 20%
Winter Park Area
Granby Area
Grand County
increase.
CONDOS
$800,000
AVERAGE SALES PRICE
Condos in Grand County saw a smaller overall average increase from $623,117 (Jan 2022) to
$700,000
$677,881 (Jan 2023). And the Winter Park Area $600,000
saw an increase from $653,532 (Jan 2022) to $697,688 (Jan 2023). The Granby Area average
$500,000
sold price went up almost $100,000 from $492,800 (Jan 2022) to $588,750 (Jan 2023).
$400,000
$300,000
$200,000
Jan ‘20
Winter Park Area
Jan ‘21
Jan ‘22
Granby Area
Jan ‘23
Grand County