Luxury Home Sales - Denver CO September 2014
There are currently 949 active luxury listings in the Denver Metro area (decrease from August with 1,026 active listings) over $1 million, with no short sale listings and one bank owned property. The distressed market has all but been depleted. There are 153 under contract as of today.
**Photos courtesy of Metrolist
Of the sales in September 2014, there were no short sales and one bank owned property sold and three new constructions sold.
Here are the sales by City within the Denver metro area -
There were two sales that remained on the market over a year and a half. There were ten homes that sold in under one week! Homes in the luxury market are moving very quickly!
The highest luxury sale in the Denver Metro Area in September 2014 was a home in Cherry Hills Village in Denver which sold for $4,800,000 that was built in 2008. This home has 7 bedrooms, 10 bathrooms, 14,940 total square feet with a 6 car garage on 2.38 acres. This home was on the market for 139 days. **photos courtesy of Metrolist
Here is the data for luxury home sales for the first half of 2014 and the second half of 2014 to show the comparable activity month by month at a glance. As expected, the summer is the time most homes (including luxury homes) are sold. Sales in the month of July surpassed every month for a few years!
If you are looking to buy or sell a luxury home in the Denver metro area, please give me a call, or if you would like any information on attached luxury homes!