Luxury Homes Sales - June 2012 - Denver, CO

Luxury Homes Sales - June 2012 - Denver, CO

Sales of luxury homes in the Denver metro area over $1 million experienced an upswing in sales for the month of June.     71 properties sold in June, which is a increase of twenty sales over the previous month.    The active listings increased slightly over May's listings.

Sales data represents detached single family homes only.

There are 9 listings showing pending status and 109 under contract as of today.  (Pending status is a verbal approval from a bank either on a short sale or a bank foreclosure.)    There are 11 active bank foreclosures and 6 short sale opportunities over $1 million.

Of the sales in June 2012, seventeen were paid for with Cash, one was bank owned, three were short sales, and three were new construction sold by the builder.

Here are the sales by City within the Denver metro area -

There were five sales that remained on the market for over a year, which inflates the days on market much longer that normal for these stats.     One home that was new construction in Lone Tree was on the market for 1458 days.   There were nine homes that sold in under one week!

Photo courtesy of Denver Metrolist

The highest luxury sale for June 2012 in the Denver metro area was the Richthofen Castle in Denver.     This is the only true castle in the City of Denver and was built by the uncle of the Red Baron in 1887.    This castle sold for $3,490,000.      This tudor featured eight bedrooms, seven bathrooms, 13,200 finished square feet, a three car garage and all nestled on 1.05 acres of land.

Here is the data for luxury home sales for the first half of 2012 to show the activity month by month at a glance.   Sales were superb for the month of June!

If you are looking to buy or sell a luxury home in the Denver metro area, please give me a call, or if you would like any information on attached luxury homes!