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

 

Posted by Damon L. Chavez on Tuesday, April 25th, 2017 at 12:52pm.

Market Metrics:

By the numbers, the inventory of available homes for sale is 559 homes at month end, 332 homes came onto the market, 218 homes were placed under contract, and 190 homes closed between $750,000 and $999,999 with an average sold price of $836,071 resulting in a closed dollar volume of $158.9 Million.

Monthly Market Recap:

.                                                                       Single Family                          Condo

Active Listings at Month End                        465                                           94

New Listings                                                     287                                           45

Under Contract                                                 192                                           26

Number Sold                                                     159                                           31

Average Sold Price                                           $837,249                                  $830,026

Closed $ Volume                                               $133.1 Million                        $25.7 Million

Lowest Sold Price                                             $750,000                                  $750,000

Highest Sold Price                                            $999,000                                  $980,000

Average Price/Square Foot (Above Ground)   $308                                     $392

Average Price/Square Foot (Total)                    $203                                     $314

Sold Price as % of List Price                               98.39%                                 98.71%

Average Days on Market                                     112                                        80           

Of the 159 Single Family homes sold, the highest priced closing for the month was $999,000 representing 4 Bedrooms, 4 Bathrooms, and 2,480 above ground square feet.

Of the 31 Condo homes sold, the highest priced closing for the month was $980,000 representing 3 Bedrooms, 4 Bathrooms, and 2,241 above ground square feet.

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

                                                                           Single Family                          Condo             

 Number Sold                                                         319                   (↑27%)                  51                    (↓6%)

Average Sold Price                                          $845,088          (↔)                  $825,264       (↓2%)

Closed $ Volume                                              $269.6 Billion  (↑27%)           $42.1 Million  (↓7%)

Lowest Sold Price                                             $750,000                                  $750,000

Highest Sold Price                                            $999,500                                  $980,000

Average Price/Square Foot (Above Ground)  $313                                      $390

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

Sold Price as % of List Price                              98.16%          (↔)                  99.01%             (↔)

Average Days on Market                                   113                 (↑15%)             80                    (↓29%)

Three Hundred Seventy (370) homes closed YTD March 31, 2017 between $750,000 and $999,999 with an average sold price of $842,355 resulting in a closed dollar volume of $311.7 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 – April 8, 2017