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

 

Posted by Damon L. Chavez on Friday, September 23rd, 2016 at 9:09am.

Market Metrics:

By the numbers, the inventory of available homes for sale is 726 homes at month end, 279 homes came onto the market, 167 homes were placed under contract, and 178 homes closed between $750,000 and $999,999 with an average sold price of $847,929 resulting in a closed dollar volume of $150.9 Million.

Monthly Market Recap:

.                                                                       Single Family                          Condo

Active Listings at Month End                        605                                           121

New Listings                                                     223                                           56

Under Contract                                                 144                                           23

Number Sold                                                     146                                           32

Average Sold Price                                           $851,183                                  $833,083

Closed $ Volume                                               $124.3 Million                         $26.7 Million

Lowest Sold Price                                             $750,000                                  $753,000

Highest Sold Price                                            $995,000                                  $972,000

Average Price/Square Foot (Above Ground)       $307                                 $396

Average Price/Square Foot (Total)                     $204                                    $326

Sold Price as % of List Price                              98.49%                                   98.20%

Average Days on Market                                   55                                            54

Of the 146 Single Family homes sold, the highest priced closing for the month was $995,000 representing 5 Bedrooms, 5 Bathrooms, and 3,530 above ground square feet.

Of the 32 Condo homes sold, the highest priced closing for the month was $972,000 representing 3 Bedrooms, 3 Bathrooms, and 2,211 above ground square feet.

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

                                                                           Single Family                                 Condo             

 Number Sold                                                          985                   (↑15%)                      196                   (↑78%)

Average Sold Price                                           $849,423          (↔)                     $839,556            (↓2%)

Closed $ Volume                                               $836.7 Million   (↑15%)             $164.6 Million            (↑74%)

Lowest Sold Price                                             $750,000                                       $750,000

Highest Sold Price                                            $999,950                                       $995,000

Average Price/Square Foot (Above Ground)       $298                                       $395

Average Price/Square Foot (Total)                     $196                                         $326

Sold Price as % of List Price                              98.61%             (↔)                    98.98%             (↔)

Average Days on Market                                   73                    (↓11%)                 79                    (↓23%)

One Thousand One Hundred Eighty One (1,181) homes closed YTD August 31, 2016 between $750,000 and $999,999 with an average sold price of $847,786 resulting in a closed dollar volume of $1.0 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 – September 7, 2016