2022 Grand County Real Estate Market Report
Posted by Leah Bishop on
The Stats Speak: 2022 Brought Continued Growth in Property Value Along with Encouragement for Buyers
It's likely we've all settled into a state of not knowing in some aspects of our lives. The pandemic prepared us for expecting volatility, pivoting, and embracing the question mark. While real estate values increased significantly and (for most) surprisingly throughout the pandemic, 2022 sang a somewhat different tune. Across the board, Grand County average sales prices increased from 2021 to 2022. As most of us know, the rise in mortgage interest rates, specifically in the second half of the year, caused the market to adjust and settle into a more sustainable growth pattern. Property value growth slowed, and potential buyers and sellers could…
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