Luxury Homes Market Update - Denver, CO April 2018

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

 

A Luxury Home can be identified differently in cities across the Country, but in Denver my Luxury blog posts will report on 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 how the luxury market fared for the month of April 2018 -

Total sales - 176 homes ranging from $1,000,000 to $8,000,000 (last month was 138 homes)

Average Days on Market - 16 days (last month was 27)

Average price per SF - $390.51 (last month was $392.77)

These homes were built from 1908 to 2018

The highest priced home sold was $8,000,000 in Denver in the Polo Club neighborhood

There were no short sales and were no bank foreclosures sold this month.

 

**photo provided by REColorado

 

This was the highest sale for the month of April 2018, and was $8,000,000 in Polo Club in Denver.   This custom home was built in 2015 with four bedrooms, six bathrooms and a 3 car garage on 1.27 acres.    This home has a total of 10,897 square feet and was sold on the first day on the market.

 

Looking for a home on acreage and private?    With mountain views?    Or would like to see what homes are for sale over $1,000,000?   There are current no bank owned properties for sale - but check back to see when they come on the market  bank foreclosure for sale.

 

    ** photo courtesy of REColorado

 

Today, you will find 712 homes for sale in the Denver metro area listed over $1,000,000 up to $20,000,000.   They have been on the market for an average of 75 days and these homes were built from 1885 to 2019.

 

There are 267 homes currently under contract over $1,000,000 up to $8,900,000 with an average 25 days on market.

 

Spring is here, and if you have thought about a home with mountain views and stellar outdoor entertainment areas, give me a call.  

 

 

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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

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Rainmaker
2,882,894
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

Our market ...and the whole state of Wisconsin begins with $500,000...as you wisely point out...different markets carry different values.

May 24, 2018 05:30 AM #3
Rainmaker
3,559,100
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.346.1799 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good morning Joan Cox,

Denver is a sought after location and many are choosing to move there. Wonderful concise presentation. Easy to understand the luxury market in Denver.

May 24, 2018 05:45 AM #4
Rainmaker
1,316,441
Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes

Joan, I always love your luxury home market update for the Denver area. It is crazy to see the prices...lol

May 24, 2018 06:49 AM #5
Rainmaker
2,578,280
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Hi Hoan... just goes to show the difference between Denver metro and Charlotte metro... we didn't have but 75 homes priced over $1 million sell in April with the highest price about $2.4 million and most sales under $1.5 million.

May 24, 2018 06:49 AM #6
Rainmaker
4,801,385
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

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

May 24, 2018 08:07 AM #7
Rainmaker
1,620,035
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Joan - Denver is really hot when luxury homes at that price sell in one day.

May 24, 2018 08:33 AM #8
Rainmaker
2,069,300
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

Hey Joan, so I studied that first photograph and thought, whoa, is that all one house? But it seems to be. Still over an acre of land is pretty sweet.

May 24, 2018 09:19 AM #9
Rainmaker
2,967,624
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

Good morning,  Joan - this is a very good and information-packed post on your local luxury market.

May 24, 2018 09:49 AM #10
Rainmaker
2,384,821
Rebecca Gaujot, Realtor®
Vision Quest Realty, Martha Hilton, Broker - Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

Hi Joan, another good market report that shows you are the Denver Realtor to call for all real estate needs.

May 24, 2018 01:10 PM #11
Rainmaker
3,693,454
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

Corinne Guest, Managing Broker it is a great place to live, and retire to.    You listed a home with that same feeling - vaulted ceilings and lots of windows.

May 25, 2018 07:21 AM #12
Rainmaker
3,693,454
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, some of these homes have very few days on the market.  A sought after market! 

May 25, 2018 07:22 AM #13
Rainmaker
3,693,454
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 K. & David L. Hanson I used to do these posts, and not have that disclosure, and it does differ in different markets!  

May 25, 2018 07:22 AM #14
Rainmaker
3,693,454
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

Dorie, other than our traffic now, people do love living here.

May 25, 2018 07:23 AM #15
Rainmaker
3,693,454
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

Jeff, they are crazy prices, and only going up every day....

May 25, 2018 07:23 AM #16
Rainmaker
3,693,454
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

Nina Hollander that is why I added the disclosure I did about different markets.   I remember several years ago, we were lucky to have 50-60 homes listed, and that sure has changed.

May 25, 2018 07:24 AM #17
Rainmaker
3,693,454
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 Roy.

May 25, 2018 07:25 AM #18
Rainmaker
3,693,454
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

Grant, we are seeing many million plus homes selling in less than a week.

May 25, 2018 07:31 AM #19
Rainmaker
3,693,454
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, not sure if you would find ALL of those items in one home, but most don't want or need all of these.

May 25, 2018 07:32 AM #20
Rainmaker
3,693,454
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

Michael, love doing my market reports - keeps me in the know of each market.

May 25, 2018 07:33 AM #21
Rainmaker
3,693,454
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 Rebecca.

May 25, 2018 07:33 AM #22
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Rainmaker
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Joan Cox

Denver Real Estate - Selling One Home at a Time
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