Luxury Home Sales in Denver - September 2021

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 for over $1 million.   Some have mountain and/or city views, some properties 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.   

  

Here is how the luxury market fared for the month of September 2021

Total sales - 391 homes ranging from $1,000,000 to $7,428,000 (last month was 417 homes, 2020 was 298)

Average Days on Market - 25 days (last month was 16 days last month and 2020 was 48 days)

Average price per SF (Total) - $301.55 (last month was $311.23)

These homes were built from 1882 to 2021

 

The highest-priced home sold was $7,428,000 in the Denver Metro and is in the Preserve.   This home was built in 2007, on 2.1 acres.  It has 7 bedrooms, ten bathrooms and a 4-car garage.  This home has 19,020 square feet and was on the market for 60 days.

 

Even many of our luxury homes are going pending quickly and seeing multiple offers.   The early summer there was strong sales, but as school was back in session, even the luxury market slowed down a bit.

 

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?  

Short Sale homes for sale

Contact me for bank-owned properties for sale

 

 


With Fall here, that means the Holidays are around the corner.    Have you been yearning for a kitchen to die for?   More room to prepare the Holiday dinners for a crowd?

 

Today, you will find 467  homes for sale in the Denver metro area listed over $1,000,000 up to $25,000,000.   They have been on the market for an average of 88 days and these homes were built from 1886 to 2022.   This amount has decreased minimally from last month.

 

There are 498 homes currently pending over $1,000,000 up to $16,950,000 with an average 50 days on market.    These homes were built from 1880 to 2022.    (This amount has increased from 488 last month.)

 

Here is how 2019 compared to 2020

Total Sales             2019 - 1,810                  2020 - 2,739

Days on Market      2019 - 61 days              2020 - 53 days

Average Price Sold   2019 - $1,300,000       2020 - 1,302,500

% Seller Saw to List    2019 - 97.65%             2020 - 97.06%

 

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.  

 

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.   

 

 

Comments (14)

Roy Kelley
Realty Group Referrals - Gaithersburg, MD

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

Have a great day.

 

 

Oct 15, 2021 12:37 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Thanks Roy.

Oct 15, 2021 03:07 PM
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Hi Joan,  Thank you for sharing this market report for luxury homes in your area.  Buyers and sellers will benefit from your expertise.

Oct 15, 2021 07:39 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Same here, Joan... so many more homes over $1 million due to increases in home prices. When we moved to Charlotte in 1998 you'd have been hard-pressed to find that many homes in the $1+ million price point.

Oct 16, 2021 04:22 AM
Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes

Joan, a pretty darn hot market for September in the high end. Quite a few sales for that crazy price point...lol

Oct 16, 2021 07:48 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

Denver home buyers and sellers are sure to value your real estate market report, Joan.

Oct 16, 2021 08:09 AM
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Joan- another very informative report for the luxury home market in Denver!!!  It's interesting what $1,000,000 won't buy these days. 

Oct 16, 2021 11:06 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Thanks Bob! 

Oct 17, 2021 07:07 AM
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, Broker when I first started doing the luxury report, we always had under 100, and actually broke all the sales out into each respective cities.   That took an hour or more just for that portion.  Cannot spend that much time now.

Oct 17, 2021 07:08 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Definitely crazy price point Jeff! 

Oct 17, 2021 07:09 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Myrl, I know many read it, so hope it helps a potential buyer or seller.

Oct 17, 2021 07:09 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Kathy, it is amazing seeing what a home looks like that costs $1,000,000.  Doesn't take much here in Denver now.

Oct 17, 2021 07:09 AM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

That is wild to have a 7.5 million dollar home and sell in only 60 days.

Oct 19, 2021 08:40 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Rocky Dickerson right?   Then a $700K home sits on the market for longer....go figure.

Oct 20, 2021 08:35 AM