Denver Metro Area Luxury Home Sales Soar in June, Coldwell Banker Residential Brokerage Reports
Summary
Other indicators also provided encouragement for the high-end market in the Denver Metro Area: Homes also sold at a faster rate on average at 164 days vs. 215 for those closing the previous month.The Denver Metro Area Luxury Home Report is produced by Coldwell Banker Residential Brokerage, a specialist in high-end real estate sales.### Denver, CO, July 17, 2011 --( PR.com )-- Luxury home sales in the Denver Metro Area soared in June from the previous month and were also up from a year ago as high-end buyers took advantage of attractive property values in many areas, according to Coldwell Banker Residential Brokerage, Colorado’s leading provider of luxury real estate services.A total of 71 homes changed hands for more than $1 million last month, up sharply from May’s total of 47 sales.However, the median was off from last June’s $1.34 million price.Other indicators also provided encouragement for the high-end market in the Denver Metro Area: Homes also sold at a faster rate on average at 164 days vs. 215 for those closing the previous month.“Until we see the economy gaining traction and the jobs picture improving, the housing market will continue to face economic headwinds,” he said.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 eight-bed, nine-bath 16,793-square-foot home in Littleton that sold for $6.18 million;* Boulder boasted the most million-dollar sales with 17, followed by Denver with 15, Littleton with 10, and Cherry Hills Village with six;* Homes sold in average of 164 days, down from 215 days the previous month but up from 116 days a year ago;* Sellers on average received 92.6 percent of their asking price, up from 91.3 percent the previous month and 90.4 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.