Luxury Home Sales - Denver CO  September 2014

 
 
 
 
Luxury home sales in the Denver metro area (over $1 million) reflected a  month of slower fall sales.  The data includes only detached single family properties.   The month of September,  there were 65 properties closed, which is a decrease from 98 sales for the month of August.   The days on market decreased from 114 to 87 days.   Sellers saw 95.91%  (decrease from 106.08%) of list price to sold price.
 


 

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. 

 

Luxury Denver sales - wine cellarLuxury home
 

 

 

 

 

 

 

 

**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 -

 

Luxury sales - Denver - Sept. 2014

 

 

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!

 

 

 

Highest luxury sale - Denver - September 2014

 

 

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

    

 

 

 First half of the year 2014

 

 

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!