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

 

Posted by Damon L. Chavez on Tuesday, February 14th, 2017 at 9:11am.

Market Metrics:

By the numbers, the inventory of available homes for sale is 1,059 at month end, 649 homes came onto the market, 583 homes were placed under contract, and 387 homes closed between $500,000 and $749,999 with an average sold price of $589,754 resulting in a closed dollar volume of $228.2 Million. 

Monthly Market Recap:

.                                                                       Single Family                          Condo

Active Listings at Month End                        814                                           245

New Listings                                                     542                                           107

Under Contract                                                 509                                           74

Number Sold                                                     322                                           65

Average Sold Price                                           $588,128                                  $597,810

Closed $ Volume                                               $189.4 Million                        $38.9 Million

Lowest Sold Price                                             $500,000                                  $500,000

Highest Sold Price                                            $749,900                                  $740,000

Average Price/Square Foot (Above Ground)       $256                                 $357

Average Price/Square Foot (Total)                $167                                         $318

Sold Price as % of List Price                            98.32%                                     99.04%

Average Days on Market                                   79                                            67           

Of the 322 Single Family homes sold, the highest priced closing for the month was $749,900 representing 5 Bedrooms, 5 Bathrooms, and 3,866 above ground square feet. 

Of the 65 Condo homes sold, the highest priced closing for the month was $740,000 representing 4 Bedrooms, 4 Bathrooms, and 2,440 above ground square feet. 

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

                                                                         Single Family                               Condo             

Number Sold                                                     322                   (↑23%)                  65                    (↑59%)

Average Sold Price                                           $588,128          (↓1%)                    $597,810          (↓1%)

Closed $ Volume                                               $189.4 Million   (↑22%)               $38.9 Million   (↑57%)

Lowest Sold Price                                             $500,000                                         $500,000

Highest Sold Price                                            $749,900                                         $740,000

Average Price/Square Foot (Above Ground)       $256                                         $357

Average Price/Square Foot (Total)                $167                                                 $318

Sold Price as % of List Price                           98.32%             (↔)                         99.04%             (↑1%)

Average Days on Market                                 79                    (↑3%)                       67                    (↓52%)

Three Hundred Eighty Seven (387) homes closed YTD January 31, 2017 between $500,000 and $749,999 with an average sold price of $589,754 resulting in a closed dollar volume of $228.2 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