September 2017 ~ 7 County Signature Market Homes Sold Between $750,000 And $999,999

 

Posted by Damon L. Chavez on Friday, September 22nd, 2017 at 9:37am.

Market Metrics:

By the numbers, the inventory of available homes for sale is 627 homes at month end, 254 homes came onto the market, 198 homes were placed under contract, and 202 homes closed between $750,000 and $999,999 with an average sold price of $845,219 resulting in a closed dollar volume of $170.7 Million.

 Monthly Market Recap:

.                                                                       Single Family                          Condo

Active Listings at Month End                       516                                           111

New Listings                                                     214                                           40

Under Contract                                                 171                                           27

Number Sold                                                     176                                           26

Average Sold Price                                           $844,966                                  $846,931

Closed $ Volume                                               $148.7 Million                       $22.0 Million

Lowest Sold Price                                             $750,000                                  $750,000

Highest Sold Price                                            $999,999                                  $961,500

Average Price/Square Foot (Above Ground)   $321                                     $384

Average Price/Square Foot (Total)                     $208                                    $321

Sold Price as % of List Price                                 98.55%                               97.17%

Average Days on Market                                       64                                       81

Of the 176 Single Family homes sold, the highest priced closing for the month was $999,999 representing 5 Bedrooms, 5 Bathrooms, and 4,291 above ground square feet.

Of the 26 Condo homes sold, the highest priced closing for the month was $961,500 representing 2 Bedrooms, 2 Bathrooms, and 2,525 above ground square feet.

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

                                                                         Single Family                             Condo             

 Number Sold                                                         1,279            (↑29%)                      194                   (↓2%)

Average Sold Price                                          $847,050    (↔)                         $834,053        (↓1%)

Closed $ Volume                                              $1.1 Billion   (↑29%)               $161.8 Million   (↓2%)

Lowest Sold Price                                             $750,000                                  $750,000

Highest Sold Price                                            $999,999                                  $995,000

Average Price/Square Foot (Above Ground)  $313                                      $388

Average Price/Square Foot (Total)                   $205                                       $313

Sold Price as % of List Price                              98.56%          (↔)                  98.80%             (↔)

Average Days on Market                                   72                    (↓1%)               77                    (↓1%)

One Thousand Four Hundred Seventy Three (1,473) homes closed YTD August 31, 2017 between $750,000 and $999,999 with an average sold price of $845,339 resulting in a closed dollar volume of $1.2 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 8, 2017