Real Estate of Winter Park

Information may not be reliable

Four Seasons in Winter Park's Wide Open Spaces
What is it about Winter Park, Colorado that makes it such a special place to live and visit? Just an easy, 60-mile drive west of Denver, our scenic mountain valley dwells in the protective shadow of the Continental Divide, a place where each season spawns news ways to explore and enjoy our wide open spaces. We are the people who can help you learn all about Winter Park Real Estate in a stress free way, starting right here on this website.
Spring: As snow melts on the surrounding peaks, every stream and river in the Fraser Valley comes alive with rushing whitewater and picturesque cascades. Neon green leaves coat the waking aspen trees, and you might spy a young moose grazing on lush willows in a local pond. It's time to take a deep breath and join the thaw, as the pace of life relaxes before the busy summer season. Time to tune up your mountain bike and unpack your hiking boots!

Summer: Warm, long days and cool nights make for the perfect Rocky Mountain summer in Winter Park. Explore the great outdoors via miles of mountain biking and hiking trails, many of which are just steps from downtown or right outside your door. Refine your fly-fishing skills on the Fraser River as it winds through town. Golf at four championship golf-courses, including the award-winning Pole Creek Course classic mountain golf. Feeling more adventurous? A whitewater rafting trip on the Colorado River satisfies your high-adrenaline cravings. Wildlife viewing and pristine scenery awaits at Rocky Mountain National Park, a short drive away.In town, Winter Park, the Fraser Valley & Grand Lake offer many varied events including art fairs, music festivals, mountain bike races, fireworks shows, wine and food tastings and even a chili cook-off. One of the biggest challenges about summer in Winter Park is how to fit everything in!
Autumn: With the summer visitors gone, fall is when Winter Park locals come out to play. We take plenty of time for leaf peeping as aspen leaves exit in a blaze of glory. We squeeze in our last mountain bike rides and hiking trips, while taking time to connect with family and friends before the snow flies. It's always enlightening to head over to Rocky Mountain National Park and Grand Lake and watch and listed to the elk bugle. If you have never done this we highly recommend it as a right of passage.

Winter: Winter Park has long been famous for its winters, thanks to the popularity of Winter Park Resort, our local world-class ski area consisting of five separate mountains. The town's biking and hiking trails become cross-country skiing and showshoeing routes, along with the Valley's two renowned Nordic ski resorts Devil's Thumb Ranch and Snow Mountain Ranch offer a lifetime of recreation options.
For an in depth look at Fraser Valley and Winter Park Real Estate be sure to stop in and meet with one of our experienced real estate agents.
Winter Park to Grand Lake Real Estate Market Update
The total inventory for Grand County is at its lowest since April 2008. And many of the condo listings are in the same complexes, for example there are currently 50+ condos on the market in the base village area, so different types of properties are lower than the total inventory indicates. This translates into a smaller pool of home choices for buyers, but it does increase the likelihood of finding a condo at a good price compared to two years ago.
For condos in the Winter Park Area, the 2008 median sales price JUMPED up to 38% over 2007, together with the total dollar sales up 61% and total number of listing up 16% combine for a STRONG SELLERS MARKET. In 2009 the median sales price DROPPED 33% from 2008, the total dollar sales volume went DOWN 70% and the total number of properties sold was also DOWN 56% indicating a STRONG BUYERS MARKET. With the number of new listings decreasing and the number of buyers decreasing it has put continued downward pressure on prices. Keep in mind that the average condo price is back to 2006 average prices in the Winter Park Area.
For residential properties in the Winter Park Area, the 2008 median price was barley UP over 2007, total dollar sales volume was DOWN 48% and sales DOWN 47%. New listings also fell by 6.9% during that time. In 2009 the median sales price was DOWN by 19% from 2008, total dollar sales volume also DOWN by 21% and total number of sales DOWN by only 2%. New listings FELL by 31.6% contributing to the decline in overall inventory. Remember that the average residential price is back to 2005 pricing in the Winter Park Area.
In 2010 we predict deals for buyers, just not very many of them. Developers trying to get properties off their books will continue to negotiate 35-50% off their pricing to get their inventory to a more manageable level. With still very few buyers out there, distressed sellers will have to continue to lower their price so that they are the most attractive to the few buyers out there. Sellers who can afford to ride out the market are waiting to list until the market recovers or withdrawing their properties, which will cause a continued decline in inventory. If buyer interest continues to strengthen (and we have seen a significant up-tick in showings) and inventory continues to shrink, we could start seeing a shift in the market. Interest rates will begin to climb, lets just hope not by too much.
Check out the market report and check back for future real estate market analysis in the Winter Park, Fraser, Granby and Grand Lake areas.