March 2016 ~ 7 County Premiere Market (homes Sold Between $500,000 And $749,999)

 

Posted by Damon L. Chavez on Monday, March 21st, 2016 at 10:59am.

METROPOLITAN DENVER

7 COUNTY PREMIERE MARKET

HOMES SOLD BETWEEN $500,000 AND $749,999

MARCH, 2016

 

Market Metrics:

By the numbers, the inventory of available homes for sale is 1,026 at month end, 655 homes came onto the market, 582 homes were placed under contract, and 307 homes closed between $500,000 and $749,999 with an average sold price of $590,852 resulting in a closed dollar volume of $181.4 Million.

Monthly Market Recap:

.                                                                       Single Family                          Condo

Active Listings at Month End                              833                                           193

New Listings                                                     554                                           101

Under Contract                                                 504                                           78

Number Sold                                                     260                                           47

Average Sold Price                                           $588,148                                  $605,813

Closed $ Volume                                               $152.9 Million                           $28.5 Million

Lowest Sold Price                                             $500,000                                  $500,000

Highest Sold Price                                            $749,000                                  $749,000

Average Price/Square Foot (Above Ground)       $254                                         $342

Average Price/Square Foot (Total)                     $164                                         $309

Sold Price as % of List Price                              98.36%                                     98.67%

Average Days on Market                                   87                                            157

Of the 260 Single Family homes sold, the highest priced closing for the month was $749,000 representing 4 Bedrooms, 4 Baths, and 2,606 above ground square feet.

Of the 47 Condo homes sold, the highest priced closing for the month was $749,000 representing 3 Bedrooms, 4 Bathrooms, and 2,079 above ground square feet.

 

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

Single Family                          Condo             

 

Number Sold                                                     518                   (↑14%)             88                    (↓13%)

Average Sold Price                                           $590,387          (↓1%)               $604,764            (↑2%)

Closed $ Volume                                               $305.8 Million   (↑13%)             $53.2 Million            (↓11%)

Lowest Sold Price                                             $500,000                                  $500,000

Highest Sold Price                                            $749,000                                  $749,000

Average Price/Square Foot (Above Ground)       $254                                         $345

Average Price/Square Foot (Total)                     $162                                         $310

Sold Price as % of List Price                              98.28%             (↔)                  98.39%             (↔)

Average Days on Market                                   81                    (↓11%)             149                   (↑6%)

Six Hundred Six (606) homes closed YTD February 29, 2016 between $500,000 and $749,999 with an average sold price of $592,474 resulting in a closed dollar volume of $359.0 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 – March 3, 2016

 

METROPOLITAN DENVER

7 COUNTY PREMIERE MARKET

HOMES SOLD BETWEEN $500,000 AND $749,999

FEBRUARY, 2016

 

Market Metrics:

By the numbers, the inventory of available homes for sale is 1,026 at month end, 655 homes came onto the market, 582 homes were placed under contract, and 307 homes closed between $500,000 and $749,999 with an average sold price of $590,852 resulting in a closed dollar volume of $181.4 Million.

 

Monthly Market Recap:

.                                                                       Single Family                          Condo

Active Listings at Month End                              833                                           193

New Listings                                                     554                                           101

Under Contract                                                 504                                           78

Number Sold                                                     260                                           47

Average Sold Price                                           $588,148                                  $605,813

Closed $ Volume                                               $152.9 Million                           $28.5 Million

Lowest Sold Price                                             $500,000                                  $500,000

Highest Sold Price                                            $749,000                                  $749,000

Average Price/Square Foot (Above Ground)       $254                                         $342

Average Price/Square Foot (Total)                     $164                                         $309

Sold Price as % of List Price                              98.36%                                     98.67%

Average Days on Market                                   87                                            157

           

Of the 260 Single Family homes sold, the highest priced closing for the month was $749,000 representing 4 Bedrooms, 4 Baths, and 2,606 above ground square feet.

 

Of the 47 Condo homes sold, the highest priced closing for the month was $749,000 representing 3 Bedrooms, 4 Bathrooms, and 2,079 above ground square feet.

 

 

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

 

Single Family                          Condo             

 

Number Sold                                                     518                   (↑14%)             88                    (↓13%)

Average Sold Price                                           $590,387          (↓1%)               $604,764            (↑2%)

Closed $ Volume                                               $305.8 Million   (↑13%)             $53.2 Million            (↓11%)

Lowest Sold Price                                             $500,000                                  $500,000

Highest Sold Price                                            $749,000                                  $749,000

Average Price/Square Foot (Above Ground)       $254                                         $345

Average Price/Square Foot (Total)                     $162                                         $310

Sold Price as % of List Price                              98.28%             (↔)                  98.39%             (↔)

Average Days on Market                                   81                    (↓11%)             149                   (↑6%)

 

Six Hundred Six (606) homes closed YTD February 29, 2016 between $500,000 and $749,999 with an average sold price of $592,474 resulting in a closed dollar volume of $359.0 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 – March 3, 2016