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denver luxury homes: Denver Homes: Sales up 22%; Denver Luxury Homes Sales Rise As Well - 06/06/13 02:38 PM
Another positive report came out for the metro Denver Homes market today. The latest report from Metrolist shows that home sales have risen 20% from last month and 22% year over year. In addition, the number of Denver luxury home sales increased from May of 2012 as well.
Perhaps even more encouraging, especially for buyers in this hot market, is that the inventory of homes for sale has risen by 18% in May as compared to April, Showing some signs of a more balanced market emerging. However, the current inventory levels are still down 22% from May of 2012. That 22% … (0 comments)
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denver luxury homes: Sales of Denver Luxury Homes Double - 05/28/13 02:36 PM
The latest data from the Metrolist shows that the sales of Denver luxury homes (homes priced over $1,000,000) doubled in April of this year compared to April of 2012. This is great news and shows that the huge demand we're seeing in most segments of the Denver housing market is also being felt at the higher end of the price spectrum.
According to the latest report, there were 44 luxury Denver homes sold in April of 2012 while in April of 2013, 93 homes priced over $1,000,000 were sold.
From the Denver Business Journal:
Ninety-three of those luxury homes sold in April … (0 comments)
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denver luxury homes: Denver Luxury Home Sales Increase 50% in March - 04/06/13 02:20 PM
March was a fantastic month for Denver Luxury home sales! The number of luxury homes that sold in March 2013 was 50% greater than the number of luxury homes sold in March of 2012! The first quarter of 2013 has seen an overall increase in the luxury sales of 24% when compared to the first quarter of 2012.
While these numbers are in line with the entire market for Denver homes, it is encouraging to see this specialty market picking up so quickly. Many times the market for luxury Denver homes lags behind the broader market. This has definitely not been … (0 comments)
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denver luxury homes: Sales of Denver Luxury Homes Rise - Again - 03/13/13 08:14 AM
More great news for the Denver Luxury Homes market. A report in the Denver Business Journal shows that year over year sales of luxury homes in the Denver area increased by 73% in February. Month over month sales also increased from January by 5%.
This report continues the trend we have been seeing in the luxury market over the past several months. While the broader market has been increasing for almost a full year, the luxury market has been about 6 months behind. It is encouraging to see the rise continue.
From The Denver Business Journal:
Buyers scooped up almost 37 … (1 comments)
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denver luxury homes: Denver Luxury Homes: Sales Up In January - 02/06/13 10:21 AM
Some more positive news for Denver Luxury Homes was reported on in the Denver Business journal today. Highlighting the latest sales numbers, Denver Luxury home sales (homes over $1 million) increased by 12 percent from January of 2012.
From the Denver Business Journal:
Buyers bought 28 such homes last month, compared to the 25 sold in January 2012. Those homes were worth $40.8 million, a 14 percent increase over the dollar volume moved in the same month last year.
The average sales price for those home increased slightly year-over-year, from $1.43 million in 2012 to $1.46 million. The average days on … (2 comments)
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denver luxury homes: Denver Luxury Homes: Sales Rise in November - 12/17/12 09:38 AM
Some more great news came out for the Denver housing market last week. The sales of Denver luxury homes increased 37% in November from November of 2011. even more impressive, the total dollar volume increased an amazing 42% from November of last year.
While we have seen a steady improvement in sales in the Denver market overall, the numbers for Denver luxury homes have been staggering over the last few months.
From the Denver Business Journal:
While the seasonal slowdown finally hit the Denver area’s residential real estate market for homes with a cost of $1 million or more, resales still showed … (1 comments)
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denver luxury homes: Denver Luxury Homes: Sales Rise in October - 11/30/12 10:15 AM
Some more good news came out today on the market for Denver luxury homes. Luxury home sales in October 2012 were twice what they were in October of 2011. In addition, sales of Denver luxury homes were up from September of this year as well.
As with other segments of the Denver Homes market, the inventory for Denver luxury homes is much lower than it has been historically. The average days on market in October of 2012 was 126, compared to 196 days on market in 2011. This is a huge decline, as luxury homes are now taking roughly 4 months to … (0 comments)
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denver luxury homes: Denver Luxury Homes: Market Remains Strong - 10/19/12 11:37 AM
We have been watching the market for Denver Luxury Homes closly over the ups and downs of the past several years. As we continue to report, the market has been experiencing a consistent upward trend. Every month for the last several month, sales of Denver Luxury homes have posted a year-over-year trend. This month was no different.
From the Denver Business Journal:
In what’s supposed to be a slower time of year for residential real estate sales, luxury homes in metro Denver kept selling strong in September, according to a new report by Coldwell Banker Residential Brokerage.
There were 69 homes, … (1 comments)
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denver luxury homes: Denver Luxury Homes: Sales Surge 38% - 09/28/12 02:19 PM
More great news is being reported today on Denver Luxury Homes. While the market for homes over $1 million has been improving over the past year, the dramatic increase of 38% in August 2012 over August 2011 is staggering.
The Denver Business Journal has the details:
The number of metro-Denver homes with a price tag of $1 million or higher that sold in August jumped dramatically from the same month a year earlier, according to a Coldwell Banker Residential Brokerage report released Friday.
There were 73 luxury homes sold in the metro Denver area last month, a 38 percent surge over the … (0 comments)
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denver luxury homes: Denver Luxury Homes Sales Up 20% - 09/05/12 02:59 PM
Some more good news today documented in the Denver Business Journal for Denver Luxury Homes. According to a report released today from Kentwood Real Estate, the number of Denver Luxury Homes sold almost 20 percent year to date through August.
This is in line with the numbers we have been posting here for almost a year now. While the luxury home market in the Denver area typically lags behind median priced homes, we have still been seeing a significant increase in the number of luxury homes being sold.
From The Denver Business Journal:
The number of luxury homes sold in the … (0 comments)
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denver luxury homes: Denver Luxury Homes: Sales Ahead of 2011’s Pace - 08/06/12 04:22 PM
Metrolist released some very positive numbers for the Denver Luxury Homes market today. Again, the numbers show a big improvement over 2011 sales for this market (homes over$1 million or more). We are currently out performing last year by 12.7 %.
The figures for Denver luxury homes include all sales above $1 million. This includes standard sales as well as Denver Luxury foreclosures and short sales.
This article in the Denver Business Journal is worth a read. Some of the highlights:
There were 46 homes and condos with a price tag of $1 million or more sold in the seven-county Denver metro … (0 comments)
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denver luxury homes: Top Selling Denver Luxury Homes for Q2 Via The Denver Business Journal - 07/27/12 01:17 PM
Our team is always keeping our eyes on the market for Denver Luxury Homes. We've helped many clients in that market over the years, and while it is much different than helping a traditional buyer of Denver homes for sale, it's a a whole lot of fun to see the amazing homes in this price range.
Today, The Denver Business Journal released its slide show of the top selling Denver Luxury Homes for the 2nd quarter. These homes are simply stunning and even if you're only in the $200,000 price range, it's fun to look through the photos and see just … (0 comments)
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denver luxury homes: Denver Luxury Homes: Sales Near 4 year High! - 06/21/12 08:15 AM
Denver luxury homes (homes priced over $1,000,000) posted their strongest month in almost 4 years in May of this year. This is great news, as luxury homes has been one of the few under-performing sub markets for Denver homes.
InMay, buyers purchased 76 homes in the Denver market costing $1,000,000 or more. This was a 61% percent increase over May of 2011 and the best month for Denver luxury homes since August of 2008.
From the Denver Business Journal:
That wasn’t the only good news. The median sales price in May for metro Denver luxury homes rose to $1.272 million — up 1.8 … (0 comments)
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denver luxury homes: Denver Luxury Homes: Prices Remain Flat, Sales 'Consistent' - 05/15/12 03:21 PM
No real change for Denver Luxury homes according to a report cited in the Denver Business Journal this afternoon. While sales of luxury homes in the Denver market are up when compared to the same time last year, the month of April showed no real change.
What is important to note in this report is that the available inventory of Denver Luxury homes is down drastically from last year - 48% to be exact. This reduced inventory is keeping prices higher - both month-over-month and year-over-year.
From The Denver Business Journal:
Prices for luxury homes in metro Denver have remained flat, … (0 comments)
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denver luxury homes: Denver Luxury Homes See Strong March - 04/17/12 02:27 PM
Some more great news for Denver Luxury homes was released by Metrolist today. Luxury homes in the metro area (homes priced over $1 million) increased over 60 percent from February and nearly 50% from March of 2011.
This steep rise corresponds to what we've been seeing in all price ranges across the Denver area. While the number of sales hasn't risen quite as dramatically in the non-luxury market, sales have been trending up for many months now.
From The Denver Business Journal:
The number of luxury homes sold in the metro Denver market in March increased dramatically from both the prior … (1 comments)
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denver luxury homes: Fewer Denver Luxury Homes on the Market - 03/09/12 06:44 PM
More news on the declining housing inventory; this time for Denver luxury homes. The numbers today for luxury homes is nearly identical to the number earlier this week for all of the Denver homes for sale. Earlier this week, we reported that year-over-year inventory is down 33%. Today, we're finding out that inventory for Denver luxury homes is down year-over-year by 40%.
The number of sold homes in that time frame remained about the same, suggesting that the market may be finding an equilibrium.
From The Denver Business Journal:
There were 40 percent fewer luxury homes on the market in metro … (1 comments)
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denver luxury homes: Denver Luxury Homes: Inventory of Luxury Homes Shrinks in Denver - 01/17/12 05:31 PM
It looks like the shrinking inventory we've been detailing here is beginning to expand into Denver Luxury homes as well. As we've discussed on our blog, the inventory of available homes in the metro Denver area continues to shrink. We've seen it in almost all markets and price points, from Denver HUD homes to Denver luxury foreclosures. But now, it appears that the more standard resale luxury homes are experiencing the same problem.
From the Denver Business Journal:
The number of luxury homes available for sale in metro Denver continues to drop, according to a report analyzing multiple listing service data … (2 comments)
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denver luxury homes: Denver Luxury Homes Sales up in November - 12/16/11 06:19 PM
Some more good news came out today on the market for Denver Luxury Homes and Denver Luxury Foreclosures. The Denver Business Journal is reporting that sales of $1 million and up increased by over 20% this November from last November.
The statistics cover the entire Denver metro area and represent both Denver Luxury Homes and condos. The article and the underlying statistics are interesting and worth a look if your considering a higher end home in the Denver area. We've seen these trends repeating themselves in all price points and while we're not seeing a huge uptick in pricing, the market is moving … (0 comments)
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denver luxury homes: Denver Luxury Foreclosures: FDIC Auction - 10/04/11 05:47 PM
Our team has helped several clients attend and bid at auctions over the past few years. They rarely, if ever, live up to the hype, but they are always interesting to attend. The FDIC just announced an auction on October 22nd, that will among other properties, include Denver Luxury Foreclosures.
It's rare to see the FDIC conducting a property auction, and there will only be about 20 properties up for bid at this auction. The properties will range from commercial lots to a small technical school to Denver Luxury homes.
From The Denver Business Journal:
The Federal Deposit Insurance Corp. said … (0 comments)
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denver luxury homes: Denver Luxury Homes: Prices Up, Sales Down - 09/29/11 11:25 AM
Some mixed news came out today regarding Denver Luxury Homes. According to a report in the Denver Business Journal, only 53 homes priced over $1 million sold in August, compared with August 2010. However, during that same period, the median sales price of $1 million + homes is up by 5.4 percent.
Over the past several month, we've seen Denver Luxury homes trending up, both in volume and price, so it will be interesting to see if this is a minor blip or the start of a correction in the Luxury market. While the greater Denver market as a whole is trending … (0 comments)
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Brian Petrelli - MBA, GRI
Highlands Ranch,
CO
More about me…
The Brian Petrelli Team
Address: 200 W Plaza Dr #130, Highlands Ranch, CO, 80129
Office Phone: (303) 268-8080
Cell Phone: (303) 817-0209
Email Me
News for Denver Colorado Homes and the surrounding metro areas. We focus on Bankowned homes, Single Family homes, Condos and Townhomes Residential property. Areas of expertise include: Highlands Ranch, Littleton, Parker, Centennial. Englewood, Roxborough, Aurora, Arvada, Westminster, Thornton and the Denver Tech Center.
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