November 2016 ~ 7 County Signature Market Homes Sold Between $750,000 And $999,999

 

Posted by Damon L. Chavez on Tuesday, November 29th, 2016 at 8:30am.

Market Metrics:

By the numbers, the inventory of available homes for sale is 646 homes at month end, 187 homes came onto the market, 146 homes were placed under contract, and 143 homes closed between $750,000 and $999,999 with an average sold price of $845,826 resulting in a closed dollar volume of $120.95 Million.

Monthly Market Recap:

.                                                                       Single Family                           Condo

Active Listings at Month End                        536                                           110

New Listings                                                     157                                           30

Under Contract                                                 123                                           23

Number Sold                                                     119                                           24

Average Sold Price                                           $850,460                                  $822,850

Closed $ Volume                                               $101.2 Million                        $19.7 Million

Lowest Sold Price                                             $750,000                                  $759,000

Highest Sold Price                                            $995,000                                  $995,000

Average Price/Square Foot (Above Ground)   $301                                      $433

Average Price/Square Foot (Total)                 $195                                           $350

Sold Price as % of List Price                            97.86%                                     98.64%

Average Days on Market                                   70                                            67        

Of the 119 Single Family homes sold, the highest priced closing for the month was $995,000 representing 6 Bedrooms, 5 Bathrooms, and 3,604 above ground square feet.

Of the 24 Condo homes sold, the highest priced closing for the month was $995,000 representing 4 Bedrooms, 4 Bathrooms, and 2,643 above ground square feet.

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

                                                                           Single Family                          Condo             

Number Sold                                                     1,244                (↑14%)             239                   (↑67%)

Average Sold Price                                           $849,462          (↔)                  $837,024            (↓1%)

Closed $ Volume                                               $1.1 Billion     (↑14%)             $200.0 Million    (↑65%)

Lowest Sold Price                                             $750,000                                    $750,000

Highest Sold Price                                             $999,950                                    $995,000

Average Price/Square Foot (Above Ground)  $302                                          $400

Average Price/Square Foot (Total)                   $197                                          $329

Sold Price as % of List Price                              98.46%             (↔)                  99.04%             (↔)

Average Days on Market                                   74                    (↓11%)               79                    (↓21%)

One Thousand Four Hundred Eighty Three (1,483) homes closed YTD October 31, 2016 between $750,000 and $999,999 with an average sold price of $847,457 resulting in a closed dollar volume of $1.257 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 – November 8, 2016