Denver Luxury Real Estate Market Update - June 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.  (however, we don't have much water)  Some are upgraded with products from the around 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 June 2018 -

Total sales - 186 homes ranging from $1,000,000 to $7,500,000 (last month was 188 homes)

Average Days on Market - 17 days (last month was 19)

Average price per SF - $255.06 (last month was $255.82)

These homes were built from 1892 to 2018

The highest priced home sold was $7,500,000 in Denver Metro and was in the Cherry Hills Village neighborhood

There was one short sale and were no bank foreclosures sold this month.

 

**photo provided by REColorado

 

This was the highest sale for the month of June 2018, and was $7,500,000 in Cherry Hills Village.   This custom home was built in 2001 with seven bedrooms, ten bathrooms and a 5 car garage on 2.28 acres.    This home has a total of 22,591 total square feet and was sold in 89 days.

 

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 796 homes for sale in the Denver metro area listed over $1,000,000 up to $22,000,000.   They have been on the market for an average of 83 days and these homes were built from 1882 to 2019.

 

There are 234 homes currently under contract over $1,000,000 up to $7,500,000 with an average 30 days on market.    These homes were built from 1883 to 2019.

 

Enjoy the Summer, 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
222,325
Alex Gandel
Top Producing Agent, C21 Everest - Simi Valley, CA
Simi Valley CA Agent, Simi Valley Real Estate

Joan, a great article with detailed information about the luxury real estate market in Denver. Thanks for the post. I enjoyed reading it.

Jul 19, 2018 02:33 PM #1
Rainmaker
1,490,721
Jeremy K. Frost
Keller Williams Realty - Dripping Springs, TX
Associate Broker, CNE, CRS, ePro, PSA

Appreciate the insight and information. Thank you for sharing and best of luck!

Jul 19, 2018 03:08 PM #2
Ambassador
2,892,541
Paul S. Henderson, REALTOR®, CRS
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

You never disappoint with your Denver Luxury Real Estate Market Updates Joan!

Jul 19, 2018 04:40 PM #3
Ambassador
1,640,729
Jennifer Fivelsdal
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY
Mid Hudson Valley real estate connection

Joan,

Thanks for your overview of the Denver Luxury real estate market.  Sounds like a wide variety in amenities  and price,

Jul 19, 2018 08:22 PM #4
Rainmaker
51,071
christine & James prestininzi-madalone
NEXTHOME Real Estate Executives - West Palm Beach, FL

Wouldnt we love a piece of that action! Il take a vacation to Denver at the very least!

Jul 19, 2018 08:51 PM #5
Ambassador
3,972,115
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

This is very good information on luxury homes in your market, Joan. Are you planning to move to a home like this? :)

Jul 19, 2018 11:19 PM #6
Rainmaker
4,301,520
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You always provide good information about your housing market. Thank you for sharing 

Jul 20, 2018 04:08 AM #7
Rainmaker
4,617,375
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 keeping us informed about the Denver luxury real estate market.

Jul 20, 2018 05:32 AM #8
Rainmaker
1,425,573
Amanda S. Davidson
Amanda Davidson Real Estate Group - Alexandria, VA
Alexandria Virginia Homes For Sale

Joan, wow really low days on the market! I always enjoy your luxury market update. Buyers and sellers looking for the best representation on a luxury home in Denver just need to give you a call!

Jul 20, 2018 05:33 AM #9
Rainmaker
3,816,799
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

Alex, glad you enjoyed it, I do enjoy doing them too.  Keeps me current.

Jul 20, 2018 07:59 AM #10
Rainmaker
3,816,799
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

Jeremy, thanks for stopping by too! 

Jul 20, 2018 07:59 AM #11
Rainmaker
3,816,799
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

Paul, it is fun to do these each month, keeps me "in the know" with all facets of our market.

Jul 20, 2018 07:59 AM #12
Rainmaker
3,816,799
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

Jennifer, we do offer lots of choices, views, upgrades, land --- we have it all.

Jul 20, 2018 08:00 AM #13
Rainmaker
3,816,799
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

Christine, come on through!   You may want to stay!

Jul 20, 2018 08:00 AM #14
Rainmaker
3,816,799
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

Debbie Reynolds no, would not want all that SF to clean and heat/cool at this age.

Jul 20, 2018 08:01 AM #15
Rainmaker
3,816,799
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 Gita, and hope you enjoy your day.

Jul 20, 2018 08:01 AM #16
Rainmaker
3,816,799
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 Gabe for your continued support.

Jul 20, 2018 08:02 AM #17
Rainmaker
3,816,799
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 thought that too, and had some smaller homes on the market for much longer.

Jul 20, 2018 08:02 AM #18
Rainmaker
4,945,127
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

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

Jul 21, 2018 02:18 AM #19
Rainmaker
3,816,799
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 so much Roy! 

Jul 21, 2018 07:32 AM #20
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Rainmaker
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Joan Cox

Denver Real Estate - Selling One Home at a Time
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