April 2017 ~ 7 County Premiere Market Homes Sold Between $500,000 And $749,999

 

Posted by Damon L. Chavez on Friday, April 21st, 2017 at 8:38am.

 Market Metrics:

By the numbers, the inventory of available homes for sale is 1,241 at month end, 1,220 homes came onto the market, 885 homes were placed under contract, and 750 homes closed between $500,000 and $749,999 with an average sold price of $588,919 resulting in a closed dollar volume of $441.7 Million.

Monthly Market Recap:

.                                                                       Single Family                          Condo

Active Listings at Month End                       992                                           249

New Listings                                                     1,050                                        170

Under Contract                                                 774                                           111

Number Sold                                                     651                                           99

Average Sold Price                                           $585,679                                  $610,224

Closed $ Volume                                               $381.3 Million                        $60.4 Million

Lowest Sold Price                                             $500,000                                  $500,000

Highest Sold Price                                            $749,900                                  $745,000

Average Price/Square Foot (Above Ground)       $264                                 $342

Average Price/Square Foot (Total)                 $171                                         $299

Sold Price as % of List Price                            99.49%                                     98.85%

Average Days on Market                                  62                                            102  

Of the 651 Single Family homes sold, the highest priced closing for the month was $749,900 representing 5 Bedrooms, 5 Bathrooms, and 3,726 above ground square feet.

Of the 99 Condo homes sold, the highest priced closing for the month was $745,000 representing 3 Bedrooms, 4 Bathrooms, and 2,353 above ground square feet.

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

                                                                             Single Family                            Condo             

Number Sold                                                     1,388                (↑33%)             244                   (↑37%)

Average Sold Price                                           $586,638          (↔)                  $600,261            (↔)

Closed $ Volume                                               $814.3 Million   (↑32%)         $146.5 Million    (↑37%)

Lowest Sold Price                                             $500,000                                  $500,000

Highest Sold Price                                            $749,900                                  $745,000

Average Price/Square Foot (Above Ground)     $264                                   $347

Average Price/Square Foot (Total)                     $172                                    $310

Sold Price as % of List Price                              99.12%           (↑1%)            99.02%             (↔)

Average Days on Market                                   67                    (↓13%)          107                   (↓27%) 

One Thousand Six Hundred Thirty Two (1,632) homes closed YTD March 31, 2017 between $500,000 and $749,999 with an average sold price of $588,675 resulting in a closed dollar volume of $960.7 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