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

 

Posted by Damon L. Chavez on Wednesday, May 31st, 2017 at 8:48am.

Market Metrics:

By the numbers, the inventory of available homes for sale is 599 homes at month end, 342 homes came onto the market, 240 homes were placed under contract, and 183 homes closed between $750,000 and $999,999 with an average sold price of $845,087 resulting in a closed dollar volume of $154.7 Million.

Monthly Market Recap:

                                                                         Single Family                          Condo

Active Listings at Month End                       503                                           96

New Listings                                                     292                                           50

Under Contract                                                 201                                           39

Number Sold                                                     158                                           25

Average Sold Price                                           $848,310                                  $824,716

Closed $ Volume                                               $134.0 Million                        $20.6 Million

Lowest Sold Price                                             $750,000                                  $760,000

Highest Sold Price                                            $995,000                                  $950,000

Average Price/Square Foot (Above Ground)   $308                                     $372

Average Price/Square Foot (Total)                     $205                                     $313

Sold Price as % of List Price                                98.55%                                99.18%

Average Days on Market                                      60                                         82           

Of the 158 Single Family homes sold, the highest priced closing for the month was $995,000 representing 6 Bedrooms, 5 Bathrooms, and 4,013 above ground square feet.

Of the 25 Condo homes sold, the highest priced closing for the month was $950,000 representing 3 Bedrooms, 3 Bathrooms, and 2,413 above ground square feet.

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

                                                                             Single Family                          Condo             

 Number Sold                                                          477                   (↑34%)                    76                    (↓6%)

Average Sold Price                                           $846,155        (↔)                      $825,083        (↓1%)

Closed $ Volume                                               $403.6 Billion    (↑34%)           $62.7 Million  (↓7%)

Lowest Sold Price                                             $750,000                                     $750,000

Highest Sold Price                                            $999,500                                     $980,000

Average Price/Square Foot (Above Ground)  $312                                         $384

Average Price/Square Foot (Total)                    $207                                        $312

Sold Price as % of List Price                               98.29%             (↔)                 99.07%             (↔)

Average Days on Market                                     95                    (↑4%)               80                    (↓13%)

Five Hundred Fifty Three (553) homes closed YTD April 30, 2017 between $750,000 and $999,999 with an average sold price of $843,259 resulting in a closed dollar volume of $466.3 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 – May 6, 2017