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

 

Posted by Damon L. Chavez on Thursday, July 14th, 2016 at 11:24am.

Market Metrics:

By the numbers, the inventory of available homes for sale is 660 homes at month end, 382 homes came onto the market, 214 homes were placed under contract, and 204 homes closed between $750,000 and $999,999 with an average sold price of $847,022 resulting in a closed dollar volume of $172.8 Million.

Monthly Market Recap:

.                                                                       Single Family                          Condo

Active Listings at Month End                         566                                           94

New Listings                                                     322                                           60

Under Contract                                                 175                                           39

Number Sold                                                     177                                           27

Average Sold Price                                           $848,616                                  $836,572

Closed $ Volume                                               $150.2 Million                       $22.6 Million

Lowest Sold Price                                             $750,000                                  $765,000

Highest Sold Price                                            $995,000                                  $980,000

Average Price/Square Foot (Above Ground)       $300                               $409

Average Price/Square Foot (Total)                     $200                                   $349

Sold Price as % of List Price                              99.09%                                  98.52%

Average Days on Market                                   52                                            83        

Of the 177 Single Family homes sold, the highest priced closing for the month was $995,000 representing 4 Bedrooms, 6 Bathrooms, and 4,079 above ground square feet.

Of the 27 Condo homes sold, the highest priced closing for the month was $980,000 representing 4 Bedrooms, 6 Bathrooms, and 3,343 above ground square feet.

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

                                                                         Single Family                                      Condo             

 Number Sold                                                            667                   (↑13%)                   137                   (↑67%)

Average Sold Price                                           $848,154          (↔)                     $840,568            (↓2%)

Closed $ Volume                                               $565.7 Million   (↑13%)          $115.2 Million            (↑63%)

Lowest Sold Price                                             $750,000                                    $750,000

Highest Sold Price                                            $999,950                                    $990,000

Average Price/Square Foot (Above Ground)       $293                                   $392

Average Price/Square Foot (Total)                     $193                                      $326

Sold Price as % of List Price                              98.62%             (↑1%)              99.30%             (↔)

Average Days on Market                                   80                    (↓15%)             86                    (↓17%)

Eight Hundred Four (804) homes closed YTD June 30, 2016 between $750,000 and $999,999 with an average sold price of $846,862 resulting in a closed dollar volume of $680.9 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 – July 8, 2016