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Luxury Home Sales - Denver, CO - April 2017

By
Real Estate Broker/Owner with House to Home, Inc. - Denver Real Estate - 720-231-6373 DRE# ER40011786

 

The luxury market in the Denver metro area is enjoying strong sales and saw another increase in sales over the previous month.    With home values showing heavy increases, we are seeing more and more homes in the Metro Area attaining the million dollar mark. 

 

 

 

It is the time of year we all love to spend time outdoors and enjoy the back patio, have you thought about upgrading your outdoor space for entertaining?

 

 

 

 

 

 

Days on market increased slightly from 29 days in March to 33 days in April.  The average sales price increased slightly from $1,237,500 in March to $1,275,000 in April.

 

There are 783 current active luxury listings in the Denver Metro area, with an average of 73 days on market.   There are no short sales and one bank foreclosure in Littleton listed at $2,291,000.   There are 271 properties listed at $1million and above under contract as of today.

 

Looking for a home a top a mountain?

 

 

 

Looking at the sales in April 2017, there were no short sales sold, and one bank foreclosures sold, with 13 new builds sold.

 

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

(Boulder is not included)

 

 

One home remained on the market for just over a year.   On the opposite end of the spectrum, there were 27 homes that sold in less than a week.   A couple of these homes were sold prior to hitting the market, and were entered into MLS only for appraisal purposes.   That is a serious amount of homes sold quickly!

 

 

The highest sale in the Denver metro area was $3,475,000 in The 7th Avenue Historic District in Denver and sold in 138 days and was built in 1908.  This custom home has 6,444 total square feet  with four bedrooms, eight bathrooms and a 2 car garage all located on regular lot with a  serene setting.

 

Here is the data for luxury home sales for the second half of 2016 to show the comparable activity month by month at a glance.  As expected, the summer is the time most homes (including luxury homes) are sold.  Sale sin the month of June 2015 surpassed every month in sales for a few years.  (With Boulder being removed, as we no longer are able to get this data, sales will show a decrease.)

 

Luxury sales - gold cart Dec 2016.PNG

 

 

If you are looking to buy or sell a luxury home in the Denver metro area, please give me a call, or if you like any information on attached luxury homes (which are not included in this report).

  

 

 

Posted by

Joan Cox
Broker/Owner, REALTOR®
House to Home, Inc.

Serving the Denver Metro area including all suburbs


Helping Buyers and Sellers achieve their real estate dreams, one house at a time!

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Comments (18)

Anita Clark
Coldwell Banker Access Realty ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Joan: I am always amzed at your market...so many luxury homes to choose from for those looking in the upper tier price points.

May 26, 2017 07:31 AM
Elizabeth Weintraub Sacramento Broker
Elizabeth Anne Weintraub, Broker - Sacramento, CA
Put 40 years of experience to work for you

Oh, man, Joan, now I want a water fountain built into my circular driveway! See, this is the problem with looking at photographs.

May 26, 2017 08:48 AM
Rebecca Gaujot, Realtor®
Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

Joan, 27 homes sold in one week. We are lucky to have 10 sold in a month :)

May 26, 2017 10:02 AM
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Thank you for posting this useful information about your market.

May 26, 2017 10:29 AM
Roy Kelley
Retired - Gaithersburg, MD

Families on the move will certainly appreciate your local real estate market reports.

May 26, 2017 11:23 AM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

I would call those super luxury homes. I know you are getting to sell some of them, too. Have a good weeknd ahead.

May 26, 2017 04:27 PM
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Joan

The Denver Colorado luxury home sales market continued to be very active in April 2017.

Good luck and success.

Lou Ludwig

May 26, 2017 07:11 PM
Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in Southern RI and beyond

Such a strong luxury Denver market to enjoy and buyers need to be prepared with the knowledgeable agent Joan Cox by their side...have a warm weekend!

May 27, 2017 04:00 AM
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Hi Joan -- $1,000,000 buys a lot more home in the Denver area than in my market.   It's always interesting to see the differences in each of our locations for a bit of a real estate reality check.   

May 27, 2017 05:28 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Anita, it is interesting peeking into someone else's market to see what price points there are.

May 28, 2017 06:51 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents I think you could use a beautiful water fountain!

May 28, 2017 06:52 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Rebecca, think we have a few more Buyers in our fair City!  

May 28, 2017 06:53 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Ryan, thanks for stopping by! 

May 28, 2017 06:53 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Roy, the luxury market update does get a lot of views!  

May 28, 2017 06:53 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Debbie, it is a market report that takes quite a while to prepare, but fun to see what has sold each month! 

May 28, 2017 06:54 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Lou, this luxury market is very active! 

May 28, 2017 06:54 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Thanks Ginny, and hope I see some calls over this special weekend! 

May 28, 2017 06:54 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Michael, I would imagine, as your market is a bit more expensive! 

May 28, 2017 06:55 AM