Luxury Home Sales in Denver CO - 2017

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

 

Luxury can have different meanings in different parts of the Country, but in Denver my Luxury blog posts are for those detached single family homes listed in the Denver metro area over $1 million.   Some have mountain and/or city views, some back to a golf course or have water views.    Some are upgraded with products from the world, and some have expansive square footage or on acreage.     Whatever a Buyer is looking for, most likely if you have over $1 million, you can find it in Denver or in the surrounding suburbs.   Here is some information from the home sales in 2017.

 

Total number of sales - 1,332 homes (2016 saw 1,088)

Days on Market - 40 days (2016 saw 50 days)

Average Sales price was $1,297,500  (2016 saw $1,300,000)

Sellers saw 97.10% from list price to sales price (2016 saw 97.03%)

 

Here are the current listings for $1 million plus homes for sale

 

The highest priced home in the Denver metro area sold for $8,116,000.   This was located in Back Country in Highlands Ranch that sold 8/14/17 that was new construction with 6 bedrooms, 9 bathrooms and a 7 car garage with 9,906 total square feet on .53 acres.

 

 

The highest number of luxury sales were in June 2017 will a total of 172 homes sold ranging from $1,000,000 to $5,000,000, which an average of 22 days on the market.  That month sellers saw 97.95% list price to sales price.

 

 

The largest home sold in the Denver metro area was in Cherry Creek Village and had 22,325 total square feet with 6 bedrooms, 9 bathrooms and a 4 car garage that sold for $4,250,000.   It was located on 2.45 acres.

 

 

The home with the most land sold in the Denver metro area was in Franktown, and has 360 acres, and the home was built in 1900.  This home sold for $1,500,000.

 

 

There were just a handful of distressed properties over $1 million sold in 2017.

 

Four short sales sold from $1,000,000 to $1,260,000 with an average days on market of 160 days.

Seven bank owned properties sold from $1,100,600 to $2,475,000 with an average days on market of only 19 days.

 

These stats were based on single family homes priced over $1 million.  If you would like information on Attached properties sold or for sale in the Denver metro area, please give me a call.

 

 

 

Posted by

 

 

 

  - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

 

Metro Brokers - House to Home, Inc.House to Home

GRI, CRS, CNE, e-Pro  

Broker/Owner

Joan@JoanCox.com

720-231-6373

 

Denver Real Estate

Homes for Sale in Denver

Neighborhoods in Denver

 
  A Denver Metropolitan Realtor

FacebookTwittergoogle +  Linkedin

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
Colorado Denver County Denver
Groups:
Luxury Real Estate
Advice for Sellers
Advice for Buyers
It's all About Denver, Colorado
Tags:
denver realtor
luxury home sales in denver co
luxury home sales in the denver metro area
how did the luxury home market fare in 2017

Spam prevention
Show All Comments
Rainmaker
4,046,987
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Joan.  Thanks for the information and update about the Luxury home sales in Denver CO.

 

Feb 09, 2018 05:33 AM #5
Rainmaker
1,257,817
Amanda S. Davidson
Amanda Davidson Real Estate Group - Alexandria, VA
Alexandria Virginia Homes For Sale

Joan, the luxury market in Denver is strong, impressive figures for these price points. The largest home with over 22,000 square feet would need a full time staff. Wow!

Feb 09, 2018 05:52 AM #6
Rainmaker
1,810,090
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

So many amazing homes in your area, I hope that this post is helping your phone ring!

Feb 09, 2018 06:21 AM #7
Rainmaker
796,464
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

HI Joan Cox - Very nice job explaining all the details of your luxury market. It always amazes me at the amount of homes available in the Denver Metro area. Sedona Luxury market currently has about 82 homes available. Big difference!

Feb 09, 2018 07:51 AM #8
Rainmaker
1,928,345
Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents
Lyon Real Estate - Sacramento, CA
Put 40 years of experience to work for you

Hi Joan: I just could not imagine a home at 22,000 square feet. That's the size of an industrial building, LOL. I once owned a home that was 8,600 square feet and I had actually considered putting in one of those moving walkways like from the Jetsons.

Feb 09, 2018 08:47 AM #9
Rainmaker
2,117,432
Anita Clark
ColdwellBanker SSK Realtors ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Joan: A wonderful recap of the 2017 Denver luxury home market. It is good to see sales increased over 2016 too.

Feb 09, 2018 11:28 AM #10
Rainmaker
1,348,147
Yolanda Cordova-Gilbert
Sitterle Homes - Richmond, TX
Sitterle Homes

Joan,

 Great information on the luxury home market! I hope you have a great weekend!

Feb 09, 2018 03:18 PM #11
Ambassador
3,484,716
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Good presentation on luxury homes, Joan. You really know your market. Have a lovely weekend.

Feb 09, 2018 09:22 PM #12
Rainmaker
3,340,743
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Thank you Gita, for stopping by and commenting.

Feb 10, 2018 11:38 AM #13
Rainmaker
3,340,743
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Wayne, there were years I thought I wanted a bigger house, but now it just takes too much to keep one clean.

Feb 10, 2018 11:39 AM #14
Rainmaker
3,340,743
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Sally, I think in many markets, $500K is luxury.

Feb 10, 2018 11:39 AM #15
Rainmaker
3,340,743
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Thank you for your support Jeremy.

Feb 10, 2018 11:39 AM #16
Rainmaker
3,340,743
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Thanks for stopping by and commenting Gabe! 

Feb 10, 2018 12:27 PM #17
Rainmaker
3,340,743
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Amanda, I cannot imagine living in 22,000 sf home, you could lose your family! 

Feb 10, 2018 12:28 PM #18
Rainmaker
3,340,743
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Brian, hopefully it will make my phone ring.

Feb 10, 2018 12:28 PM #19
Rainmaker
3,340,743
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Sheri Sperry - MCNE® we have over 3 million population, what is Sedona's population.   

Feb 10, 2018 12:44 PM #20
Rainmaker
3,340,743
Joan Cox
Metro Brokers - 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 that would way too much SF for me, and you would need a walkway!  

Feb 10, 2018 12:45 PM #21
Rainmaker
3,340,743
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Anita, we have seen 10% increases (depending on the area) for the better part of 4.5 years now.

Feb 10, 2018 12:46 PM #22
Rainmaker
3,340,743
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Thanks Yolanda, hope you enjoy your weekend as well.

Feb 10, 2018 12:46 PM #23
Rainmaker
3,340,743
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Thank you Debbie, it is fun doing market reports to know exactly what is happening month over month! 

Feb 10, 2018 12:47 PM #24
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
3,340,743

Joan Cox

Denver Real Estate - Selling One Home at a Time
How can I help you with your Metro Denver Real Estate needs?
*
*
*
*
Spam prevention