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 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 November 2018 -
Total sales - 98 homes ranging from $1,000,000 to $4,855,535 (last month was 136 homes)
Average Days on Market - 83 days (last month was 50)
Average price per SF - $285.32 (last month was $252.03)
These homes were built from 1891 to 2018
The highest priced home sold was $4,855,535 in the Denver Metro and was in Cherry Hills Village.
There were no short sales and there was one bank foreclosure sold this month.
This highest priced home sold for the month of November 2018, and was $4,855,535was in Cherry Hills Village. This custom home was built in 2015 with six bedrooms, nine bathrooms and a 3 car garage on 2.49 acres. This home has a total of 10,835 total square feet and was sold in 123 days.
The real estate market is showing a shift with lower priced homes, and this month seeing a shift in the luxury market as well. October had 136 sales.
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 593 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 192 days and these homes were built from 1886 to 2019. There are two bank foreclosures for sale - one in Centennial for 1,424,900 and one in Westminster for $1,690,000.
There are 135 homes currently under contract over $1,000,000 up to $3,995,000 with an average 136 days on market. These homes were built from 1885 to 2019.
Happy Holidays, and if you have thought about a home with mountain views and stellar outdoor entertainment areas, give me a call.
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