Luxury Home Sales in Denver CO - Market Update January 2020

By
Real Estate Broker/Owner with 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 (snow-capped now) and/or city views, some back to a golf course or have water views all to compliment one's lifestyle.  (however, we don't have much water)  Some are updated 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.   

 

We are in the heart of winter, where the ground is covered (and frozen) and still have some beautiful listings for sale.  Thinking of the upcoming Summer and want a fabulous outdoor space to entertain?

 

 

Here is how the luxury market fared for the month of January 2020 -

Total sales - 86 homes ranging from $1,000,000 to $3,275,000 (last month was 129 homes)

Average Days on Market - 85 days (increased from 79 days last month)

Average price per SF (Total) - $258.22 (last month was $282.93)

These homes were built from 1900 to 2019

 

The highest-priced home sold was $3,275,000 in the Denver Metro and is in Rollings Hills in Golden.   This stunning home was built in 1988, on pristine grounds of 5.32 acres with a 4-car garage.   This home has 5 bedrooms, 5 bathrooms, and 11,092 total finished square feet.  this home was on the market for only 7 days. 

 

There was one short sale sold in Sedalia for $1,425,000, and no bank foreclosures sold this month.

This could be an interesting year for real estate at least in the last quarter due to the election.  Rates are expected to remain stable.

  

Looking for a home on acreage and private?    With mountain views?    Or would you like to see what homes are for sale over $1,000,000?   There is currently one bank-owned properties for sale in Castle Rock (Woodlands) for $1,099,000.   There are no short sales listed.

Short Sale homes for sale

Contact me for bank-owned properties for sale

 


 

 

Today, you will find 549 homes for sale in the Denver metro area listed over $1,000,000 up to $19,999,000.   They have been on the market for an average of 127 days and these homes were built from 1885 to 2021.   Again, no short sales currently for sale, but 1 bank-owned property listed above.

 

There are 287 homes currently under contract over $1,000,000 up to $6,650,000 with an average 92 days on market.    These homes were built from 1886 to 2020.

 

Here is how 2018 compared to 2019

Total Sales     2018 - 1,625        2019 - 1,810

Days on Market      2018 - 86 days     2019 - 61 days

Average Price Sold     2018 - $1,295,000      2019 - 1,300,000

% Seller Saw to List        2018 - 97.72%     2019 - 97.65%

 

With the equity increases we have seen over the last several years, it is not unusual to see homes priced over $1,000,000 now all over the City.  In October 2015 there were only 30 homes sold in Denver proper, this month there were 56 homes sold.

 

I have obtained my luxury marketing certification and has given me a multitude of new ideas.    If you have seen a home in this post this intrigues you, give me a call - 720-231-6373.   

 

 

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Colorado Denver County Denver
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luxury home sales in denver co
homes on acreage in denver
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Rainmaker
3,365,762
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Hi Joan... I used to do a luxury home market report and stopped for some reason. Need to start up again.

Feb 27, 2020 07:08 AM #1
Rainmaker
1,334,859
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Joan Cox - I will bet there are some gorgeous Colorado luxury mountain homes and you are the expert who can find them.   

Feb 27, 2020 07:57 AM #2
Rainmaker
5,675,589
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Prospective home sellers and home buyers will be in very good hands when they seek your professional real estate advice.

Feb 27, 2020 09:53 AM #3
Ambassador
3,688,290
Patricia Kennedy
Redfin - Washington, DC
Home in the Capital

Joan, I hate to tell you what $1million buys in DC.  Um - my house? And it's pretty much of a dump at the moment!

Feb 27, 2020 10:55 AM #4
Rainmaker
1,428,613
Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes

Great report on the high end of the Denver real estate market. I love to see these beautiful homes.

Feb 28, 2020 09:43 AM #5
Rainmaker
701,335
Pat Champion
Coldwell Banker Camelot Realty - Mount Dora, FL
Call the "CHAMPION" for all your real estate needs

Great market update it is always great to have the latest information for our customer's. Thanks for sharing. I hope you have a great weekend.

Feb 28, 2020 09:47 AM #6
Rainmaker
2,083,658
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Joan Cox - congratulations on you entry into this area.  I am sure that you will create a great niche in this area.

Mar 02, 2020 03:50 AM #7
Rainmaker
4,262,921
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina Hollander once I do this one each month, I see a spike of high-end buyers on my site.  This morning I had one that fav'd 3 properties $1-$1.5million.

Mar 03, 2020 07:27 AM #8
Rainmaker
4,262,921
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Sheri Sperry - MCNE® I had one web visitor fav a property in Evergreen for $6.8 million, it was stunning.  Would sure love to show that one! 

Mar 03, 2020 07:28 AM #9
Rainmaker
4,262,921
Joan Cox
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.

Mar 03, 2020 07:28 AM #10
Rainmaker
4,262,921
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Patricia Kennedy so nice to see you, and did you get a new photo - love it!   I know DC is much more expensive!

Mar 03, 2020 07:29 AM #11
Rainmaker
4,262,921
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Jeffrey DiMuria 321.223.6253 Waves Realty I have been showing some, and they definitely are fun to show! 

Mar 03, 2020 07:29 AM #12
Rainmaker
4,262,921
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Pat, thank you for your kind words.

Mar 03, 2020 07:30 AM #13
Rainmaker
4,262,921
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Grant, I have been doing relocation for 20 years, so some of my buyers coming into Denver are looking into the higher-end, still the same.

Mar 03, 2020 07:30 AM #14
Rainmaker
5,675,589
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Good Tuesday afternoon, Joan.

Have a great day and an outstanding week.

Mar 03, 2020 11:34 AM #15
Rainmaker
4,262,921
Joan Cox
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.

Mar 06, 2020 10:29 AM #16
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Joan Cox

Denver Real Estate - Selling One Home at a Time
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