Luxury Home Sales - Denver CO - July 2012

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

 Luxury Home Sales - Denver CO - July 2012



Sales of luxury homes in the Denver metro area over $1 million showed some slowing in the month of July.     52 properties sold in July, which is a decrease of 19 sales over the 71 sales in June.    The number of active listings increased slightly over June's listings.

Sales data represents detached single family homes only.

luxury home

There are 7 listings showing pending status and 95 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 13 active bank foreclosures and 9 short sale opportunities over $1 million.

Luxury home

Of the sales in July 2012, twelve were paid for with Cash, no bank owned properties sold, one was a short sale, and three were new construction sold by the builder.

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

Luxury Home Sales - July 2012

There were five sales that remained on the market for over a year (one almost two years), which inflates the days on market much longer that normal for these stats.     There were seven homes that sold in under one week!

Highest Sale in Denver July 2012

Photo courtesy of Metrolist

The highest luxury sale in Denver in July 2012 was $7,500,000 paid for with cash.    This Cherry Hills Village home is located on the highest point in Cherry Hills on 5.34 acres with breath-taking views of the mountains.     Built in 2000, this English Country Estate featured 5 bedrooms, 8 bathrooms and a 4 car garage.     There is an indoor pool/spa and a sport court!     SOLD in 37 days!

Peyton Manning did help our luxury sales for the month of July 2012.   Welcome to Denver Peyton, and look forward to our upcoming Bronco season!

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

Luxury sales - 2012 Graph

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!

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Anita Clark
ColdwellBanker SSK Realtors ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Joan: Despite the July slowdown, some incredible properties were sold in Denver CO last month.  Excellent real estate market report.

Aug 05, 2012 11:48 PM #1
John McCormack
Albuquerque Homes Realty * - Albuquerque, NM, Albuquerque Homes Realty

Good morning Joan -

A good report on luxury homes in Denver CO.  Anyone looking for a knowledgeable Realtor® in the Denver CO area would be wise to contact you for all their luxury real estate needs! 

Aug 06, 2012 12:03 AM #2
Morgan Evans
Douglas Elliman Real Estate - Manhattan, NY

You have some very nice luxury homes for sale in Denver, CO. 

Aug 06, 2012 12:14 AM #3
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo & Home Sale Specialists

Joan, 7 luxury homes selling in under one week is quite an accomplishment. Denver is rocking!

Aug 06, 2012 12:15 AM #4
Irene Durocher
Coldwell Banker BUYERS AGENT - Boca Raton, FL

Hi Joan, it is good news that Luxury Homes are selling quickly in the Denver area.

I love the Wine Tasting Room.

Here is to continued sales in the Denver area for you.

Have an awesome day.

Aug 06, 2012 12:28 AM #5
David Grbich
Realty One Group - - San Juan Capistrano, CA
Orange County Real Estate - 949-500-0484

Hi Joan, some great luxury home sale results for Denver. Pretty amazing that out of 52 sales only one was a short sale and no bank owned. Good luck with your Denver luxury home sales! Regards Dave

Aug 06, 2012 12:28 AM #6
Rebecca Gaujot, Realtor®
Perry Wellington Realty, Adam Conrad, Broker - Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

Joan, another great market report. I had to smile when I read 52 homes sold in July...that is what we have sold since the first of the year....Denver real estate is really moving and of course you are doing a  great job as the top Denver Realtor.

Aug 06, 2012 01:29 AM #7
William True
True Sarasota Real Estate - Sarasota, FL
Sarasota Real Estate

Good morning, Joan --- very nice real estate market report on luxury home sales in Denver CO! Wishing you a great day and week ahead.

Aug 06, 2012 01:41 AM #8
Peg Barcelo
Fluff My House! Home Staging Inc. 250.486.6369 - Summerland, BC
The FlufftasticStager from Summerland, BC

Joan, great report about your area market! Love that wine tasting room. I wonder who has 7 million in cash... I wonder if they want to adopt me...

Aug 06, 2012 01:48 AM #9
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

It looks like it is time for you to step up you luxury home sales activities.

Have a very special week.


Aug 06, 2012 04:58 AM #10
Mary Douglas
United Country Ponderosa Realty, Red Feather Lakes, Colorado - Red Feather Lakes, CO
REALTOR, Red Feather Lakes, Colorado

Hi Joan,

Great report and photos- I do love the wine cellar and especially the ceiling in that room.  That's incredible.

Aug 06, 2012 06:49 AM #11
Jan Green
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Joan - great reporting!  Love the depty of your information, and especially how quick these homes are selling.  Best of luck!

Aug 06, 2012 07:00 AM #12
Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Clearwater, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

This is not only a great report, but a wonderful attention getter with those fab photos!

Aug 06, 2012 07:19 AM #13
Amanda S. Davidson
Amanda Davidson Real Estate Group - Alexandria, VA
Alexandria Virginia Homes For Sale

Joan- Very concise and easy to read market report. Great job! You're lucky to have Peyton, such a class act.

Aug 06, 2012 07:25 AM #14
Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living
Joan, another comprehensive and informative report on the luxury home market in the Denver area. You are right, data needs to be interpreted correctly as you are well explaining with the days-on-market example!
Aug 06, 2012 09:54 AM #15
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

For all your Denver, Colorado real estate needs, call Joan Cox. Joan Cox is the Denver, Colorado real estate expert. She can help you with buying, selling and relocating.

Aug 06, 2012 12:03 PM #16
Joni Bailey
Berkshire Hathaway Home Services - Anderson Properties - Huntsville, TX
Your Huntsville / Lake Livingston Area REALTOR®

An excellent market report with current sales data that is easy to understand, and great photography. It doesn't get better than this! You rock Denver real estate.

Aug 06, 2012 01:07 PM #17
Kwee Huset
Kwee Huset Realty - Venice, FL
Venice Florida Homes For Sale

Hi Joan, the average day on market has dramatically been reduced and the prices have increased. Potential buyers would be wise to call Joan for help before it is too late. 

Aug 06, 2012 01:08 PM #18
Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in North Kingstown RI and beyond

Joan, a great luxury Denver market report and as usual your market is popping still...i am surprised that your mls lets you use pictures you do not take.  We are penalized if we do...i need to connect with you on this one.  Did you sell the luxury home at open house?!

Aug 06, 2012 10:10 PM #19
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

The luxury market is slowing a bit, but so is the lower end priced homes, as this time of year is seasonally slower.    Many luxury homes are showing U/C and will close in August!

Aug 08, 2012 11:34 PM #20
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