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

 

Posted by Damon L. Chavez on Tuesday, October 25th, 2016 at 3:52pm.

Market Metrics:

By the numbers, the inventory of available homes for sale is 709 homes at month end, 236 homes came onto the market, 148 homes were placed under contract, and 143 homes closed between $750,000 and $999,999 with an average sold price of $848,280 resulting in a closed dollar volume of $121.3 Million.

Monthly Market Recap:

                                                                          Single Family                          Condo

Active Listings at Month End                        589                                           120

New Listings                                                     195                                           41

Under Contract                                                 129                                           19

Number Sold                                                     124                                           19

Average Sold Price                                           $851,263                                  $828,814

Closed $ Volume                                               $105.6 Million                           $15.7 Million

Lowest Sold Price                                             $750,000                                  $750,000

Highest Sold Price                                            $995,000                                  $995,000

Average Price/Square Foot (Above Ground)       $323                                         $411

Average Price/Square Foot (Total)                     $204                                         $332

Sold Price as % of List Price                              97.76%                                     100.19%

Average Days on Market                                   81                                            103         

Of the 124 Single Family homes sold, the highest priced closing for the month was $995,000 representing 3 Bedrooms, 4 Bathrooms, and 2,680 above ground square feet.

Of the 19 Condo homes sold, the highest priced closing for the month was $995,000 representing 2 Bedrooms, 3 Bathrooms, and 1,664 above ground square feet.

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

                                                                          Single Family                             Condo              

Number Sold                                                     1,113                (↑14%)             215                   (↑84%)

Average Sold Price                                           $849,544          (↔)                  $838,607            (↓2%)

Closed $ Volume                                               $945.5 Million   (↑15%)         $180.3 Million            (↑81%)

Lowest Sold Price                                             $750,000                                    $750,000

Highest Sold Price                                            $999,950                                    $995,000

Average Price/Square Foot (Above Ground)       $301                                    $397

Average Price/Square Foot (Total)                     $197                                       $327

Sold Price as % of List Price                              98.51%             (↔)                  99.09%             (↔)

Average Days on Market                                   74                    (↓10%)                81                    (↓17%)

One Thousand Three Hundred Twenty Eight (1,328) homes closed YTD September 30, 2016 between $750,000 and $999,999 with an average sold price of $847,773 resulting in a closed dollar volume of $1.1 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 – October 1, 2016