$1M-plus homes still selling in Denver area


Sales of luxury, $1 million-plus homes in metro Denver for September — led by Denver County — ticked up to 35 from 34 for the same month last year, according to data released Monday.

Sales included both high-end houses and condominiums. Last month, 34 houses and one condo sold, compared to 32 houses and two condos year over year.

The average selling price for the luxury houses was $1.8 million, and the lone condo sold for $1.5 million.

Denver County had the most high-end house sales in the metro area last month, at nine, followed by Boulder County (eight), Arapahoe and Douglas counties (seven each) and Jefferson County (three). The single condo sold was in Denver County.

The data is from Metrolist Inc., metro Denver’s Multiple Listing Service, and was provided by independent Littleton broker Gary Bauer.

The $1.8 million average selling price for high-end houses in September was a 6 percent increase from $1.7 million from the prior-year month. It was a 25 percent jump from $1.45 million in August of this year.

The highest selling price for a house in September was $7 million, and a total of $60.2 million in $1 million-plus houses got new owners that month.

The $1.5 million selling price for the condo sold last month was down 13 percent from September 2009’s average condo selling price of $1.7 million, and down 1 percent from $1.52 million in August.

Other statistics for high-end houses in September include:

• Average original price — $2.37 million, up 10.6 percent from $2.14 million year over year.

• Median sold price — $1.475 million, which is basically flat compared to $1.48 million for September 2009. (Median is the midpoint between highest and lowest price. Some real estate experts prefer median price to average, saying it’s not skewed by price extremes.)

• Median original price — $1.64 million, down 8.5 percent from $1.79 million in September 2009.

• Average days on market — 218, down 21 percent from 276 year over year.

Compiled by the DBJ’s Paula Moore

Read more: $1M-plus homes still selling in Denver area – Denver Business Journal

The RealtyColorado team – your choice for making your next metro Denver move


About dherries
Dave and Sally Herries and The RealtyColorado Team - Real Estate Broker serving the metro-Denver area. Offering properties in urban, sub-urban and rural areas. Our mission statement is "Enriching lives through real estate."

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