Denver Metro Area Luxury Home Sales Dip But Prices Increase, Coldwell Banker Residential Brokerage Reports
Summary
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.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 six-bedroom, nine-bath 6,729-square-foot home in Greenwood Village that sold for $3.5 million; * Denver boasted the most million-dollar sales with 16, followed by Boulder with 10, and Cherry Hills Village with five; * Homes sold in average of 150 days, down from 178 days the previous month but up from 98 days a year ago; * Sellers on average received 92 percent of their asking price compared to 92.6 percent the previous month and 92.1 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.The median was off from July’s $1.39 million level.Two other key indicators showed the high-end market is starting to return to normalcy: There were 11 multi-million-dollar sales last month, up from nine a year ago.But it did take longer to sell a luxury home last month, 150 days on average versus 98 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.“The luxury market continues to firm up in the Denver Metro Area along with the overall housing market,” said Chris Mygatt, president of Coldwell Banker Residential Brokerage in Colorado.