Happy MARMOT DAY!

Posted on February 1, 2012 by Paul Lewis

Tomorrow is February 2nd and most of the country will be celebrating Groundhog Day, but here in Winter Park, Colorado, we celebrate Marmot Day. For those of you who are not familiar with Marmots, they look a lot like Groundhogs. They may even be distant cousins (kind of like I’m related to George Washington and Barack Obama).

Marmot Day in Winter Park works much the same way as Groundhog Day in the rest of the country although there are some subtle differences. If the Marmot comes out and sees his shadow, it’s six more months of Winter. If the Marmot comes out and doesn’t see his shadow, it’s six more months of Winter. And if the Marmot doesn’t even come out at all (and he usually doesn’t as it’s way too cold – Marmots aren’t stupid), it’s still six more months of Winter.

Besides most years no one comes out to see if the Marmot comes out or not. Whether humans are stupid or not is another whole conversation.

The bottom line is that even if no one comes out to see whether the Marmot comes out, it’s still six more months of Winter.

Happy Marmot Day!

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Winter Park Real Estate Sales Down for 2011

Posted on January 14, 2012 by Paul Lewis

Sales for 2011 were down compared to 2010 in all categories. Overall, the Number of Sales was down 7.1% and the Sales Dollars were down 12.3% with the result that the average price dropped 5.6%. While there were some bright spots (November was the largest single month for sales in over two years), 8 out of the 12 months were down from the year before.

The Residential sector (houses, duplexes & townhomes) saw a decrease in the Number of Properties Sold for the year of 4.7%, while the Dollar Volume dropped from $62 million to $55 million or 11.8%. The average home sale was 7.5% less than the year before.

The Number of Condominium sales for the for the year was down 6.6% and the Dollar Volume was down 10.6%, resulting in the Average Price being down 4.7%.

The Number of Vacant Land sales this year was down 20% while the Dollars of Sales was down 28.8% meaning the average price was down 11%

Pretty clearly 2011 was not a good year. The Total Sales Dollars for the year was under $100 million for only the third time in the past 10 years and the Number of Sales was below 300 for only the second time since 1997.

Certainly it is too early to predict how 2012 will unfold. Given the low benchmark set in 2011 it is probable that there will be more sales. But it is not as likely that prices will improve as it will take much more confidence in the market before Buyers will pay anything but bargain prices. Faced with this reality, Sellers must price their properties very competitively.

A full copy of the Winter Park Real Estate Year-to-Date Report is available by emailing me at Paul@PaulLewis.net. You can always see all the MLS listings at www.WinterParkRealEstate.CO.

These statistics were compiled from data from the Grand County Board of Realtors and are deemed reliable but cannot be guaranteed.

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Winter Park Real Estate Sales Ahead for July, Still Behind For the Year

Posted on August 22, 2011 by Paul Lewis

Sales were brisk for July, especially compared to the last few months, with the Number of Sold Listings up 43% and the Dollar Volume up 15%. This improved the year to date sales but those figures are still down for the year with the Number of Sales off 11% and the Dollar volume down 12%.


The Residential sector (houses, duplexes & townhomes) saw a nice increase in the Number of Properties Sold for the month, with 12 compared to 8 last year or 50% while the Dollar Volume was up from $4,032,400 to $5,291,000 or 31%. For the year to date the number of properties sold is exactly even although the dollar volume is down 9%.


The Number of Condominium sales for the month was dead even with last year, although the Dollar Volume was down 40%. This indicates that either cheaper condominiums sold or more expensive ones sold for less than last year: it is most likely a combination of both. For the year to date, Condominiums are down 14% in units sold, but only down 9% in dollars, resulting in the Average Price being up 5.4%.

There were 2 sales of Vacant Land this year where there were none last year. For the year to date the number of sales is down 32% while the dollar volume is down 35%.

It is good to see a strong July. Hopefully this is an indication that the summer will see some improvement over last year in the Number of Sales although the Average Price may suffer some. At this point there is no consistency from month to month, but on an random basis some Realtors are reporting an increase in activity.

A full copy of the Winter Park Real Estate Year-to-Date Report is available by emailing me at Paul@PaulLewis.net. You can always see all the MLS listings at www.WinterParkRealEstate.CO.

These statistics were compiled from data from the Grand County Board of Realtors and are deemed reliable but cannot be guaranteed.

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Winter Park Real Estate Sales Fall Behind Last Year for 1st Half

Posted on July 25, 2011 by Paul Lewis

Six months into the year Winter Park area real estate sales are significantly behind the pace set last year. The Total Number of Properties Sold is 17% behind last year while the Total Dollar Volume of Sold Listings is 15% down. The month of June was particularly weak, with the number of properties sold down 56% and the dollar volume down 49%.

The Residential sector (houses, duplexes & townhomes) saw a huge drop in the Number of Properties Sold for the month, only 7 compared to 13 last year or 46% while the Dollar Volume was down from $5,920,850 to $2,631,500 or 56%. For the year to date the number of properties sold is down 8.5% and the dollar volume is down15.3%

The Number of Condominium sales for the month was down with only 6 compared to 12 last year. The Dollar Volume was down from $4,385,590 to $2,239,800. Both statistics were half of what they were last year. For the year to date, Condominiums are down 15.3% in units sold, but only down 5.9% in dollars.

Vacant Land has been the weakest of all of the segments.There were only 2 sales in June this year compared to 9 last year. For the year to date the number of sales is down 42.1% while the dollar volume is down 40.4%. 0 to $114,900.

June is not really the start of the summer selling season in Winter Park. Traditionally it is July before things pick up. However the results so far are not encouraging. It is very likely that we will see a slow beginning to summer and then hopefully business will pick up later in the summer. Still it could go either way at this point.

A full copy of the Winter Park Real Estate Year-to-Date Report is available by emailing me at Paul@PaulLewis.net. You can always see all the MLS listings at www.WinterParkRealEstate.CO.

These statistics were compiled from data from the Grand County Board of Realtors and are deemed reliable but cannot be guaranteed.

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Winter Park Real Estate Sales Flat in February

Posted on March 29, 2011 by Paul Lewis

For the month of February Winter Park the Number of Properties sold was the same as February 2010. The Dollar volume was down 26%, almost exclusively due to the fact that more condos and less homes & townhomes sold , creating a change in mix that saw a much lower average price. For the two months so far this year, Number of Sales is up 25%, while prices are only up 2%.

The Residential sector (houses, duplexes & townhomes) saw a huge in the Number of Properties Sold for the month, only 4 compared to ten last year. The Dollar Volume was down from $5,284,700 to $1,754,000.

The Number of Condominium sales for the month was up from 4 last year to 10 and the Dollar Volume was up from $684,000 to $2,838,400.

Vacant Land was even with last year in Number of Sales but down in Dollar Volume from $384,900 to $114,900.

While February was a very flat month, Total Sales are still ahead for this year compared to last. It proves that Buyers are still willing to spring for a good bargain, but they are not interested in purchasing just anything. It is entirely possible that the market will see somewhat of a comeback in the next few months, albeit with lower prices, but it still remains to be seen how strong it will be.

A full copy of the Winter Park Real Estate Year-to-Date Report is available by emailing me at Paul@PaulLewis.net. You can always see all the MLS listings at www.WinterParkRealEstate.CO.

These statistics were compiled from data from the Grand County Board of Realtors and are deemed reliable but cannot be guaranteed.

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Winter Park Real Estate Starts 2011 with Very Strong January Sales

Posted on February 13, 2011 by Paul Lewis

Winter Park real estate started 2011 with a strong increase in Number of Units Sold and Total Dollar Sales although the Average Price was down slightly. The Number of Sales was up 75% and Total Dollar Sales was up 71% over January 2010. For the same periods the Average Price was down 3%.

The Residential sector (houses, duplexes & townhomes) saw the biggest increase in the Number of Properties Sold, 8 compared to one last year. The Dollar Volume was up from $1,015,000 to $3,244,700

The Number of Condominium sales for the month was down 20% from last year but the Dollar Volume was up 18% resulting in the Average Price being up 48%.

Vacant Land is a small part of the mix and seems to fluctuate the most from month to month.The Vacant Land Number of Properties Sold this year was also down, by 50% and the Dollar Volume was down 91%. That resulted in the Average price being down 82%.

Only one month into the year, it is impossible to draw many conclusions or predict where we are headed in the Winter Park real estate market. Still, it is significant that the strongest area of sales is the Residential sector (which is made up of single family homes, townhomes & duplexes) as it is also the most expensive. While prices are not as high as they were a year ago and it is almost certain that there was a lot more house for the money in those homes that did sell, these sales still indicate that Buyers are willing to look at the higher end of the market for the right deals. Also significant is that the average price on the condominiums that sold was quite a bit higher. Almost as a counter balance to that is the fact that over half of the properties that were under contract at the very beginning of the year were either foreclosures or short sales. The influence of these types of sales on the rest of the market should not be underestimated.

A full copy of the Winter Park Real Estate Year-to-Date Report is available by emailing me at Paul@PaulLewis.net. You can always see all the MLS listings at www.WinterParkRealEstate.CO.

These statistics were compiled from data from the Grand County Board of Realtors and are deemed reliable but cannot be guaranteed.

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Winter Park Area New Listings

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Winter Park Area New Listings

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Winter Park Area New Listings

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Winter Park Area New Listings

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IDX MLS IDX Listing Disclosure © 2012

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Happy Marmot Day!

Posted on February 2, 2011 by Paul Lewis

It’s February 2nd and most of the country is celebrating Groundhog Day, but here in Winter Park, Colorado, we celebrate Marmot Day. For those of you who are not familiar with Marmots, they look a lot like Groundhogs. They may even be distant cousins (kind of like I’m related to George Washington and Barack Obama).

Marmot Day in Winter Park works much the same way as Groundhog Day in the rest of the country although there are some subtle differences. If the Marmot comes out and sees his shadow, it’s six more months of Winter. If the Marmot comes out and doesn’t see his shadow, it’s six more months of Winter. And if the Marmot doesn’t even come out at all, it’s still six more months of Winter.

This year it was so cold that no one came out to see whether the Marmot came out or not. And that’s the real kicker. Even if no one comes out to see whether the Marmot comes out, it’s still six more months of Winter.

Happy Marmot Day!

Winter Park Marmot

Winter Park Marmot (photo by Paul S. Lewis)

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Winter Park Real Estate Ends 2010 with Sales Increase

Posted on January 31, 2011 by Paul Lewis

Winter Park Real estate ended 2010 with a strong increase in Sales although the average price was down. The Number of Sales was up 19% and Total Dollar Sales was up 12.5% while the Average Price was down 5.4%. This is despite a 4th quarter that was weaker than the rest of the year. For the month of December, the Number of Properties Sold was down, 29 this year compared to 36 last year but the Total Dollar Volume was sharply up, $12,001,650 compared to $11,152,200. Average Price for all properties was $413,850 against $309,783 last year.

In the Residential sector both the Number of Properties Sold & the Dollar Volume were up 15% for the year while the Average Price was even with last year.

Condominium sales for the year were up 13% from last year but the Dollar Volume was only up 2% resulting in the Average Price being down 9%.

The Vacant Land Number of Properties Sold this year was 35 where there were 19 sales last year. The Dollar Volume was up 76%. This means that the Average price was down 4%.

This year’s results show a healthy increase for Winter Park real estate over 2009. The decrease in Average Prices combined with the increase in Sales would seem to indicate that Buyers are willing to purchase if the price is right.

A full copy of the Winter Park Real Estate Year-to-Date Report is available by emailing me at Paul@PaulLewis.net. You can always see all the MLS listings at WinterParkRealEstate.CO.

These statistics were compiled from data from the Grand County Board of Realtors and is deemed reliable but cannot be guaranteed.

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Intrawest is moving to Colorado

Posted on January 26, 2011 by Paul Lewis

Intrawest is planning to move to Colorado, according to an internal Intrawest memo reported by the Vancouver Sun. The move is planned to have a more central location and to be closer to Intrawest’s two largest ski operations, Winter Park & Steamboat Springs. No information was released on exactly where in Colorado Intrawest would relocate to. Read the Vancouver Sun story at News

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Winter Park Real Estate Sales Even with Last Year for November, Still Up for the Year to Date

Posted on December 8, 2010 by Paul Lewis

For the month of November, the Number of Properties Sold was the same as last year but the Total Dollar Volume was down 18% compared to same month in 2009. This caused the Average Sale Price to be down 18% also. For the year-to-date the Number of Properties Sold is up 25% while the Total Dollar Volume is up 13 % so the Average Sale Price is down 9.6% compared to 2009.

In the Residential sector Number of Properties Sold was up 38% for the month while the Dollar Volume was even, so the Average Price was down 28%.

Condominium sales for November were down 50% from last year and the Dollar Volume was down 62% so the Average Price was down 23%.

The Vacant Land Number of Properties Sold this year was 2 where there were 0 sales last year.

November’s results show sales on a pace with last year but at lower prices. For the year so far, the number of sales is well ahead of last year (over 25% up). While the sales dollars are also ahead (13%), it is not at the pace of the number of sales, resulting in in lower average sales price. With one month to go we are already ahead of last year’s totals for number of sales and sales dollars. To keep that in an historical perspective, we are still less than half of any recent year prior to that. Nevertheless it is improvement over the most recent conditions, and that is a good thing.

A full copy of the Winter Park Real Estate Year-to-Date Report is available by emailing me at WinterParkRealEstate.net. You can always see all the MLS listings at PaulLewis.net.

These statistics were compiled from data from the Grand County Board of Realtors and is deemed reliable but cannot be guaranteed.

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