Denver Metro Area Luxury Sales and Price Climb in July, Coldwell Banker Residential Brokerage Reports
Summary
“July’s solid numbers on top of a good June give us reason to be optimistic about the luxury market,” said Chris Mygatt, president of Coldwell Banker Residential Brokerage in Colorado.That translates into an affordability level we haven’t seen in quite some time.” Some key findings from this month’s Coldwell Banker Residential Brokerage luxury report: * The most expensive sale in the Denver Metro Area last month was a five-bedroom, nine-bath 12,298-square-foot home in Cherry Hills Village that sold for $8.2 million; * Boulder boasted the most million-dollar sales with 14, followed by Denver with 13, Cherry Hills Village with 11, and Greenwood Village with six; * Homes sold in average of 178 days, up from 164 days the previous month and 124 days a year ago; * Sellers on average received 92.6 percent of their asking price, the same as the previous month and up from 90.8 percent a year ago.The Denver Metro Area Luxury Home Report is produced by Coldwell Banker Residential Brokerage, a specialist in high-end real estate sales.And sellers received an average of 92.6 percent of their asking price, up from 90.8 percent a year ago.The figures were derived from Multiple Listing Service data of all homes sold for more than $1 million last month in the Denver Metro Area.“July’s solid numbers on top of a good June give us reason to be optimistic about the luxury market,” said Chris Mygatt, president of Coldwell Banker Residential Brokerage in Colorado.That translates into an affordability level we haven’t seen in quite some time.”Some key findings from this month’s Coldwell Banker Residential Brokerage luxury report:* The most expensive sale in the Denver Metro Area last month was a five-bedroom, nine-bath 12,298-square-foot home in Cherry Hills Village that sold for $8.2 million;* Boulder boasted the most million-dollar sales with 14, followed by Denver with 13, Cherry Hills Village with 11, and Greenwood Village with six;* Homes sold in average of 178 days, up from 164 days the previous month and 124 days a year ago;* Sellers on average received 92.6 percent of their asking price, the same as the previous month and up from 90.8 percent a year ago.The Denver Metro Area Luxury Home Report is produced by Coldwell Banker Residential Brokerage, a specialist in high-end real estate sales.