Real Estate Market Update for 80447 (Grand Lake, CO)
Welcome to October's Market Update. Let’s take a look at residential real-estate activity in your area during the month of September. The number of active listings was down 45% from one year earlier, and up 14% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month was just over 530-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 55%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was 370-thousand dollars. The number of units sold decreased 44% year-over-year, and increased 67% month-over-month. Despite a slight annual decrease, this upward monthly sales trend indicates positive momentum. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Show Transcript
Map Information for 80447 (Grand Lake, CO)
Area Information for 80447 (Grand Lake, CO)
  • Population: 2,017
  • Median Age: 54.79 yr
  • Median Commute Time: 21 mins
  • Educational Climate*: 4
  • Sales Tax: 3%
  • Population Density: 8/sq mi
  • Population Change Since 2000: 14.18%
  • Closest Airport: Laramie Regional
  • Closest College: Naropa University
  • Closest Jr. College: Colorado Mountain College-dillon
  • Median Household Income: $60,417
  • Annual Residential Turnover: 0%
  • Median Home Sales Price: $274,500
  • Closest Major Sports Team: Colorado Avalanche
  • Change Avg. Household Income Since 2000: 6.53%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 80447 (Grand Lake, CO)
Median Age: 54.79 Married: 55% Number of Households: 977 Households with Children: 232
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      Local Weather for 80447 (Grand Lake, CO)
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.