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

 

Posted by Damon L. Chavez on Monday, July 31st, 2017 at 3:43pm.

Market Metrics:

By the numbers, the inventory of available homes for sale is 719 homes at month end, 358 homes came onto the market, 221 homes were placed under contract, and 230 homes closed between $750,000 and $999,999 with an average sold price of $852,828 resulting in a closed dollar volume of $196.2 Million.

Monthly Market Recap:

                                                                               Single Family                          Condo

Active Listings at Month End                      604                                           115

New Listings                                                   310                                           48

Under Contract                                               195                                           26

Number Sold                                                   202                                           28

Average Sold Price                                         $853,843                                  $845,509

Closed $ Volume                                             $172.5 Million                        $23.7 Million

Lowest Sold Price                                           $750,000                                  $755,000

Highest Sold Price                                          $999,950                                  $995,000

Average Price/Square Foot (Above Ground)   $311                                   $409

Average Price/Square Foot (Total)                     $204                                   $354

Sold Price as % of List Price                                98.93%                               97.83%

Average Days on Market                                     54                                        97

Of the 202 Single Family homes sold, the highest priced closing for the month was $999,950 representing 4 Bedrooms, 6 Bathrooms, and 3,017 above ground square feet.

Of the 28 Condo homes sold, the highest priced closing for the month was $995,000 representing 3 Bedrooms, 4 Bathrooms, and 2,913 above ground square feet. 

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

                                                                            Single Family                          Condo             

 Number Sold                                                           890              (↑33%)                       142                   (↑4%)

Average Sold Price                                           $847,286        (↔)                      $832,453        (↓1%)

Closed $ Volume                                               $754.1 Million   (↑33%)           $118.2 Million  (↑3%)

Lowest Sold Price                                             $750,000                                     $750,000

Highest Sold Price                                            $999,999                                     $995,000

Average Price/Square Foot (Above Ground)   $311                                       $389

Average Price/Square Foot (Total)                     $205                                      $320

Sold Price as % of List Price                                98.60%        (↔)                  98.98%             (↔)

Average Days on Market                                      78               (↓3%)               78                    (↓9%)

One Thousand Thirty Two (1,032) homes closed YTD June 30, 2017 between $750,000 and $999,999 with an average sold price of $845,245 resulting in a closed dollar volume of $872.3 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 6, 2017