July 2017 ~ 7 County Premiere Market Homes Sold Between $500,000 And $749,999

 

Posted by Damon L. Chavez on Tuesday, July 25th, 2017 at 10:30am.

Market Metrics:

By the numbers, the inventory of available homes for sale is 1,753 at month end, 1,365 homes came onto the market, 909 homes were placed under contract, and 1,005 homes closed between $500,000 and $749,999 with an average sold price of $592,903 resulting in a closed dollar volume of $595.9 Million.

Monthly Market Recap:

.                                                                       Single Family                          Condo

Active Listings at Month End                        1,461                                        292

New Listings                                                     1,198                                        167

Under Contract                                                 802                                           107

Number Sold                                                     894                                           111

Average Sold Price                                           $590,997                                  $608,246

Closed $ Volume                                               $528.4 Million                       $67.5 Million

Lowest Sold Price                                             $500,000                                  $500,000

Highest Sold Price                                            $749,900                                  $749,000

Average Price/Square Foot (Above Ground)  $275                                      $359

Average Price/Square Foot (Total)                    $180                                      $313

Sold Price as % of List Price                                99.63%                                 99.13%

Average Days on Market                                     30                                            147       

Of the 894 Single Family homes sold, the highest priced closing for the month was $749,000 representing 5 Bedrooms, 5 Bathrooms, and 3,194 above ground square feet.

Of the 111 Condo homes sold, the highest priced closing for the month was $749,000 representing 2 Bedrooms, 3 Bathrooms, and 1,975 above ground square feet.

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

                                                                         Single Family                          Condo             

 Number Sold                                                          3,834                (↑29%)                 568                   (↑29%)

Average Sold Price                                           $587,992        (↓1%)                 $598,161       (↔)

Closed $ Volume                                               $2.3 Billion    (↑28%)             $339.8 Million    (↑28%)

Lowest Sold Price                                             $500,000                                  $500,000

Highest Sold Price                                            $749,900                                  $749,900

Average Price/Square Foot (Above Ground)    $272                                    $350

Average Price/Square Foot (Total)                     $176                                    $308

Sold Price as % of List Price                                 99.47%       (↔)                  99.16%             (↔)

Average Days on Market                                       49               (↓21%)             136                   (↑11%) 

Four Thousand Four Hundred Two (4,402) homes closed YTD June 30, 2017 between $500,000 and $749,999 with an average sold price of $589,304 resulting in a closed dollar volume of $2.6 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 – July 6, 2017