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

 

Posted by Damon L. Chavez on Tuesday, August 29th, 2017 at 8:35am.

Market Metrics:

By the numbers, the inventory of available homes for sale is 692 homes at month end, 293 homes came onto the market, 216 homes were placed under contract, and 219 homes closed between $750,000 and $999,999 with an average sold price of $846,624 resulting in a closed dollar volume of $185.4 Million.

Monthly Market Recap:

.                                                                       Single Family                          Condo

Active Listings at Month End                        566                                           126

New Listings                                                     242                                           51

Under Contract                                                 198                                           18

Number Sold                                                     193                                           26

Average Sold Price                                           $848,874                                 $829,917

Closed $ Volume                                               $163.8 Million                       $21.6 Million

Lowest Sold Price                                             $750,000                                  $750,000

Highest Sold Price                                            $999,995                                  $969,000

Average Price/Square Foot (Above Ground)   $312                                     $383

Average Price/Square Foot (Total)                     $201                                     $266

Sold Price as % of List Price                                98.42%                                 99.49%

Average Days on Market                                      55                                         69         

Of the 193 Single Family homes sold, the highest priced closing for the month was $999,995 representing 4 Bedrooms, 4 Bathrooms, and 3,464 above ground square feet.

Of the 26 Condo homes sold, the highest priced closing for the month was $969,000 representing 2 Bedrooms, 3 Bathrooms, and 2,659 above ground square feet. 

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

                                                                         Single Family                           Condo             

 Number Sold                                                         1,093                (↑30%)                    168                   (↑2%)

Average Sold Price                                           $847,532      (↔)                        $832,060        (↓1%)

Closed $ Volume                                               $926.4 Million   (↑30%)            $139.8 Million   (↑1%)

Lowest Sold Price                                             $750,000                                      $750,000

Highest Sold Price                                            $999,999                                      $995,000

Average Price/Square Foot (Above Ground)   $311                                         $388

Average Price/Square Foot (Total)                     $204                                         $312

Sold Price as % of List Price                                 98.55%             (↔)                99.06%             (↔)

Average Days on Market                                      73                    (↓4%)               77                    (↓7%)

One Thousand Two Hundred Sixty One (1,261) homes closed YTD July 31, 2017 between $750,000 and $999,999 with an average sold price of $845,471 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 – August 5, 2017