Market Report

Grand Lake, CO 80447

Single-Family Homes

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Grand Lake, CO 80447

Fri May 27 2022
This week the median list price for Grand Lake, CO 80447 is $1,199,000 with the market action index hovering around 37. This is less than last month's market action index of 48. Inventory has increased to 17. Click here to stay informed with the Grand Lake market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Grand Lake, CO 80447

Fri May 27 2022
This week the median list price for Grand Lake, CO 80447 is $1,199,000 with the market action index hovering around 37. This is less than last month's market action index of 48. Inventory has increased to 17. Click here to stay informed with the Grand Lake market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Grand Lake market.
Median List Price $1,199,000
Median Price of New Listings $995,000
Per Square Foot $464
Average Days on Market 111
Median Days on Market 28
Price Decreased 24%
Price Increased 0%
Relisted 12%
Inventory 17
Median Rent
Market Action 37
Slight Seller's Advantage

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,999,000 3,881 0.25 - 0.5 acre 3 3.5 19 0 0 168
$1,312,000 2,370 6,500 - 8,000 sqft 3 2 38 1 0 21
$1,095,000 2,377 0.25 - 0.5 acre 4 3 22 2 0 38
$850,000 1,380 8,000 - 10,000 sqft 2 1.5 57 2 0 35