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

 

Posted by Damon L. Chavez on Saturday, February 18th, 2017 at 1:03pm.

Market Metrics:

By the numbers, the inventory of available homes for sale is 484 homes at month end, 175 homes came onto the market, 130 homes were placed under contract, and 87 homes closed between $750,000 and $999,999 with an average sold price of $860,218 resulting in a closed dollar volume of $74.8 Million.

Monthly Market Recap:

.                                                                      Single Family                          Condo

Active Listings at Month End                         402                                           82

New Listings                                                     146                                           29

Under Contract                                                 112                                           18

Number Sold                                                     79                                            8

Average Sold Price                                           $866,316                                $799,999

Closed $ Volume                                               $68.4 Million                        $6.4 Million

Lowest Sold Price                                             $750,000                                $750,000

Highest Sold Price                                            $999,500                                $900,000

Average Price/Square Foot (Above Ground)    $310                                   $388

Average Price/Square Foot (Total)                     $212                                  $337

Sold Price as % of List Price                                 97.13%                            97.89%

Average Days on Market                                      137                                    101         

Of the 79 Single Family homes sold, the highest priced closing for the month was $999,500 representing 4 Bedrooms, 4 Bathrooms, and 3,974 above ground square feet.

Of the 8 Condo homes sold, the highest priced closing for the month was $900,000 representing 2 Bedrooms, 3 Bathrooms, and 2,724 above ground square feet.

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

                                                                           Single Family                          Condo             

Number Sold                                                     79                    (↑20%)              8                      (↓33%)

Average Sold Price                                           $866,316         (↑2%)                $799,999       (↓7%)

Closed $ Volume                                               $68.4 Billion   (↑22%)             $6.4 Million  (↓38%)

Lowest Sold Price                                             $750,000                                    $750,000

Highest Sold Price                                            $999,950                                    $900,000

Average Price/Square Foot (Above Ground)   $310                                       $388

Average Price/Square Foot (Total)                     $212                                       $337

Sold Price as % of List Price                                97.13%      (↔)                      97.89%         (↔)

Average Days on Market                                     137            (↑32%)                101                (↑20%)

Eighty Seven (87) homes closed YTD January 31, 2017 between $750,000 and $999,999 with an average sold price of $860,218 resulting in a closed dollar volume of $74.8 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 – February 4, 2017