Market Report

Grand Lake, CO 80447

Single-Family Homes

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Grand Lake, CO 80447

Tue Aug 09 2022
This week the median list price for Grand Lake, CO 80447 is $899,999 with the market action index hovering around 28. This is less than last month's market action index of 35. Inventory has decreased to 47. 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 Buyer's Advantage

The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It's a Buyer's market and prices continue to fall. Look for a persistent shift in Market Action before prices plateau or begin to rise again.

Grand Lake, CO 80447

Tue Aug 09 2022
This week the median list price for Grand Lake, CO 80447 is $899,999 with the market action index hovering around 28. This is less than last month's market action index of 35. Inventory has decreased to 47. 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 Buyer's Advantage

The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It's a Buyer's market and prices continue to fall. Look for a persistent shift in Market Action before prices plateau or begin to rise again.

Real-Time Market Profile

Never miss important changes in the Grand Lake market.
Median List Price $899,999
Median Price of New Listings $749,000
Per Square Foot $483
Average Days on Market 66
Median Days on Market 35
Price Decreased 32%
Price Increased 0%
Relisted 23%
Inventory 47
Median Rent
Market Action 28
Slight Buyer'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
$2,394,000 4,101 1 - 2.5 acres 4 3.5 22 0 0 42
$1,192,000 2,289 0.25 - 0.5 acre 3 2.8 21 1 1 59
$869,000 1,972 0.5 - 1 acre 3 2 29 0 0 28
$644,000 1,227 8,000 - 10,000 sqft 2 1.3 56 2 2 45