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

 

Posted by Damon L. Chavez on Friday, January 20th, 2017 at 9:05am.

Market Metrics:

By the numbers, the inventory of available homes for sale is 483 homes at month end, 90 homes came onto the market, 81 homes were placed under contract, and 146 homes closed between $750,000 and $999,999 with an average sold price of $847,400 resulting in a closed dollar volume of $123.7 Million.

 Monthly Market Recap:

.                                                                       Single Family                          Condo

Active Listings at Month End                       401                                           82

New Listings                                                     80                                            10

Under Contract                                                72                                             9

Number Sold                                                   117                                           29

Average Sold Price                                         $847,924                                  $845,286

Closed $ Volume                                             $99.2 Million                           $24.5 Million

Lowest Sold Price                                            $750,000                                  $750,000

Highest Sold Price                                            $999,000                                  $975,000

Average Price/Square Foot (Above Ground)    $320                                 $387

Average Price/Square Foot (Total)                 $214                                        $321

Sold Price as % of List Price                            97.35%                                    97.67%

Average Days on Market                                 101                                           65

Of the 117 Single Family homes sold, the highest priced closing for the month was $999,000 representing 5 Bedrooms, 3 Bathrooms, and 2,285 above ground square feet.

 Of the 29 Condo homes sold, the highest priced closing for the month was $975,000 representing 3 Bedrooms, 2 Bathrooms, and 2,425 above ground square feet.

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

                                                                          Single Family                          Condo             

 Number Sold                                                     1,471      (↑17%)                      291                   (↑58%)

Average Sold Price                                      $849,488    (↔)                    $839,056         (↓1%)

Closed $ Volume                                          $1.2 Billion  (↑18%)            $244.2 Million   (↑57%)

Lowest Sold Price                                         $750,000                               $750,000

Highest Sold Price                                        $999,950                                $999,000

Average Price/Square Foot (Above Ground) $305                                 $397

Average Price/Square Foot (Total)                  $200                                 $325

Sold Price as % of List Price                              98.36%    (↔)                 98.80%      (↔)

Average Days on Market                                   76            (↓8%)              77              (↓22%)

 One Thousand Seven Hundred Sixty Two (1,762) homes closed YTD December 31, 2016 between $750,000 and $999,999 with an average sold price of $847,765 resulting in a closed dollar volume of $1.494 Billion.

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 – January 6, 2017