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

 

Posted by Damon L. Chavez on Tuesday, March 28th, 2017 at 8:53am.

Market Metrics:

By the numbers, the inventory of available homes for sale is 472 homes at month end, 237 homes came onto the market, 208 homes were placed under contract, and 91 homes closed between $750,000 and $999,999 with an average sold price of $836,799 resulting in a closed dollar volume of $76.1 Million.

 Monthly Market Recap:

                                                                                      Single Family                          Condo

Active Listings at Month End                         387                                           85

New Listings                                                     191                                           46

Under Contract                                                 171                                           37

Number Sold                                                     79                                             12

Average Sold Price                                           $837,862                                  $829,804

Closed $ Volume                                               $66.2 Million                          $9.9 Million

Lowest Sold Price                                             $750,000                                  $750,000

Highest Sold Price                                            $999,000                                  $950,000

Average Price/Square Foot (Above Ground)   $327                                     $387

Average Price/Square Foot (Total)                     $213                                     $290

Sold Price as % of List Price                                98.75%                                100.55%

Average Days on Market                                       92                                         65          

Of the 79 Single Family homes sold, the highest priced closing for the month was $999,000 representing 5 Bedrooms, 6 Bathrooms, and 5,583 above ground square feet. 

Of the 12 Condo homes sold, the highest priced closing for the month was $950,000 representing 3 Bedrooms, 4 Bathrooms, and 2,185 above ground square feet.

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

                                                                           Single Family                          Condo             

 Number Sold                                                          158                   (↑20%)                  20                    (↓26%)

Average Sold Price                                           $852,089       (↑1%)                  $817,882      (↓3%)

Closed $ Volume                                               $134.6 Billion  (↑21%)            $16.4 Million   (↓28%)

Lowest Sold Price                                             $750,000                                    $750,000

Highest Sold Price                                            $999,500                                    $950,000

Average Price/Square Foot (Above Ground)    $318                                      $387

Average Price/Square Foot (Total)                     $213                                      $309

Sold Price as % of List Price                                97.94%       (↔)                     99.48%          (↑1%)

Average Days on Market                                     114              (↑7%)                  79                    (↓40%)

One Hundred Seventy Eight (178) homes closed YTD February 28, 2017 between $750,000 and $999,999 with an average sold price of $848,246 resulting in a closed dollar volume of $151.0 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 – March 4, 2017