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 a mountain (snow-capped now) and/or city views, some back to a golf course or have water views. (however, we don't have much water) Some are updated with products from around the world, and some have expansive square footage or 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.
We have felt a crispness in the air here and there already (which is early this year), as Fall has arrived. Ready for Bronco games (they need some prayers) and fall gatherings? Need a game room/media room or a fabulous outdoor entertainment area?
Here is how the luxury market fared for the month of September 2019 -
Total sales - 133 homes ranging from $1,000,000 to $5,650,000 (last month was 164 homes, so this sector of our market is slowing down a bit)
Average Days on Market - 89 days (last month was 66 days)
Average price per SF (Total) - $271.36 (last month was $250.03)
These homes were built from 1892 to 2019
The highest-priced home sold was $5,650,000 in the Denver Metro and was in The Denver Country Club. This stunning home was built in 1909, on .25 acres with 5 bedrooms, 7 bathrooms, and a 4-car garage. This home has 8,387 total finished square feet.
There were no short sales nor bank foreclosures sold this month.
The first few months were slow around the Denver metro area, but both the luxury market and the resale/new construction market saw a bump in activity in the spring months, and as we look at Fall, we saw an uptick in sales over year in September (only had 95 sales vs 133 this year).
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 currently two bank-owned properties for sale, one in Castle Pines listed for $1,071,000 and one in Denver (Cherry Creek Country Club) listed for $1,875,000. There is one short sale listed for $1,530,000 in the heart of Greenwood Village.
Contact me for bank-owned properties for sale
Today, you will find 799 homes for sale in the Denver metro area listed over $1,000,000 up to $19,750,000. They have been on the market for an average of 143 days and these homes were built from 1886 to 2020. There is one short sale currently for sale in Greenwood Village for $1,530,000. There are two bank-owned properties for sale right now.
There are 224 homes currently under contract over $1,000,000 up to $11,900,000 with an average 96 days on market. These homes were built from 1886 to 2019.
With the equity increases we have seen over the last seven years, it is not unusual to see homes priced over $1,000,000 now all over the City. In September 2015 there were only 32 homes sold in Denver proper, this month there were 49 homes sold.
If you have seen a home in this post this intrigues you, give me a call - 720-231-6373. You could be HOME FOR THE HOLIDAYS.