The most informative, educational, no-B.S. blog about Denver Market Trends and Denver Real Estate, by the Denver House Guy himself. Period.
Friday, June 28, 2013
Luxury Homes in Metro-Denver are Selling "Briskly"
(This luxury home in Greenwood Village just sold on May 28, 2013 for $3.9MM)
The Denver Business Journal is reporting that the sale of high-priced homes in metro Denver surged 33% in a year. There were 101 homes costing more than $1 million each that changed hands in May, according to the report. That's up from 93 sold in April. Although interest rates have ticked up in recent weeks following the Federal Reserve’s announcement of plans to taper its bond-buying program, rates remain near 50-year lows.
Check these stats out according to the report: * 14 homes costing more than $2 million closed in May, double the number sold in the same month a year earlier.
* The number of days it took to sell luxury homes continued the downward slide it’s been on all year, to 140 days in May from 155.8 days in May 2012. That average was up from April’s fast (for luxury homes) pace of 120.6 days.
* The most expensive sale in the metro Denver market in May was a nine-bedroom, 11-bath, 13,000-square-foot home in Evergreen that sold for $8.691 million.
* Denver notched the most million-dollar sales with 31, followed by Boulder with 22, Cherry Hills Village with 11 and Greenwood Village with seven.
* Sellers received an average of 94.4 percent of their asking price, up from 93.6 percent May 2012, but off from 95.7 percent in April.