June 2017 ~ 7 County Signature Market Homes Sold Between $750,000 And $999,999

Posted by Damon L. Chavez on Wednesday, June 28th, 2017 at 8:49am.

Market Metrics:

By the numbers, the inventory of available homes for sale is 664 homes at month end, 355 homes came onto the market, 223 homes were placed under contract, and 238 homes closed between $750,000 and $999,999 with an average sold price of $843,147 resulting in a closed dollar volume of $200.7 Million.

Monthly Market Recap:

.                                                                      Single Family                          Condo

Active Listings at Month End                        553                                           111

New Listings                                                     300                                           55

Under Contract                                                 197                                           26

Number Sold                                                     203                                           35

Average Sold Price                                           $844,154                                  $837,306

Closed $ Volume                                               $171.4 Million                        $29.3 Million

Lowest Sold Price                                             $750,000                                  $762,000

Highest Sold Price                                            $999,999                                  $942,000

Average Price/Square Foot (Above Ground)   $312                                      $388

Average Price/Square Foot (Total)                     $204                                      $320

Sold Price as % of List Price                                 98.98%                                  99.55%

Average Days on Market                                       60                                          65      

Of the 203 Single Family homes sold, the highest priced closing for the month was $999,999 representing 3 Bedrooms, 3 Bathrooms, and 2,578 above ground square feet.

Of the 35 Condo homes sold, the highest priced closing for the month was $942,000 representing 3 Bedrooms, 3 Bathrooms, and 2,315 above ground square feet.

Year-to-Date Market Recap with Year Over Year % Comparisons:

                                                                             Single Family                             Condo             

Number Sold                                                     682                   (↑39%)                112                   (↑2%)

Average Sold Price                                           $845,568          (↔)                     $828,643            (↓2%)

Closed $ Volume                                               $576.7 Billion    (↑39%)            $92.8 Million      (↔)

Lowest Sold Price                                             $750,000                                      $750,000

Highest Sold Price                                            $999,999                                      $980,000

Average Price/Square Foot (Above Ground)   $312                                         $385

Average Price/Square Foot (Total)                     $206                                         $314

Sold Price as % of List Price                                98.50%             (↔)                99.22%             (↔)

Average Days on Market                                      85                    (↓6%)              75                    (↓13%)

Seven Hundred Ninety Four (794) homes closed YTD May 31, 2017 between $750,000 and $999,999 with an average sold price of $843,181 resulting in a closed dollar volume of $669.5 Million.

The above representation covers a seven (7) county area including the counties of Adams, Arapahoe, Broomfield, Denver, Douglas, Elbert, and Jefferson.

The above representation may or may not reflect all real estate activity in the market.

Source of the data:  REcolorado.com – June 4, 2017