LIV Sothebys Luxury_Septr2016_Final - MUST RUN.indd
Denver, Boulder and resorts’ luxury market shows increase from 2015
The residence at 18 Cherry Hills Park Dr., Denver, priced at $4.9 million.
The number of luxury homes sold (sales over $1 million) in the Denver metro market demonstrated an increase year-over-year compared to September 2015, according to a report released Friday by LIV Sotheby’s International Realty. In Denver metro, 97 homes with a price tag of more than $1 million sold in September, while 83 sold in September 2015, according to the monthly analysis based on information from REColorado. “While the inventory of luxury homes on the market has remained high, and the year-over-year number of sales has increased, the monthly rate of sales have decreased in the last three months. The result has been the return of a more balanced market,” said LIV Sotheby’s International Realty president Scott Webber. In Denver metro, average selling price held year-over-year and month-overmonth at $1.5 million. Average price per square foot increased year-over-year from $390 in September 2015 to $440 in September 2016. Days on market held at 95 month-over-month, an average timeframe for the luxury market. The most expensive residential sale in September in Denver metro was a 3,392-square-foot residence located at 250 Columbine Street #703, Denver, Colo., that sold for $3,695,000 Boulder County experienced a slight increase in luxury sales, up 6 percent, year-over-year with 18 homes with a price tag of more than $1 million sold in September 2016, over 17 sold in September 2015, according to the monthly analysis based on information
from IRES, LLC. Average sales price increased both year-over-year and month-over-month from $1.45 million in September 2015 to $1.9 million in September 2016. Month-over-month, average sales price rose from $1.53 in August 2016 to $1.9 in September 2016. Days on market increased slightly month-over-month, rising from 97 days in August 2016 to 107 days in September 2016, both average list times in the luxury market. Resort Update: In the resort communities of Eagle County (Vail, Beaver Creek, Avon), luxury numbers show signs of increase both year-over-year and month-over-month – 55 homes with a price tag of more than $1 million sold in September 2016, over 45 in September 2015 (statistics pulled from Vail Board of Realtors, MLS). Month-over-month, 55 homes sold in September 2016, over 38 in August 2016, a significant, 45 percent increase. Average price per square foot increased year-over-year from $603 in September 2015 to $746 in 2016. In Summit County (Breckenridge, Keystone, Copper), luxury numbers show signs of significant increase both year-over-year and month-over-month: 34 homes more than $1 million in price sold in September 2016, up 31 percent from 26 homes in September 2015. For current market reports, visit ColoradoMarketReports.com. And for more information, contact LIV Sotheby’s International Realty public relations manager, Brittanny Havard, at 303-486-3738.
The residence at 18 Cherry Hills Park Dr., Denver, priced at $4.9 million.
The number of luxury homes sold (sales over $1 million) in the Denver metro market demonstrated an increase year-over-year compared to September 2015, according to a report released Friday by LIV Sotheby’s International Realty. In Denver metro, 97 homes with a price tag of more than $1 million sold in September, while 83 sold in September 2015, according to the monthly analysis based on information from REColorado. “While the inventory of luxury homes on the market has remained high, and the year-over-year number of sales has increased, the monthly rate of sales have decreased in the last three months. The result has been the return of a more balanced market,” said LIV Sotheby’s International Realty president Scott Webber. In Denver metro, average selling price held year-over-year and month-overmonth at $1.5 million. Average price per square foot increased year-over-year from $390 in September 2015 to $440 in September 2016. Days on market held at 95 month-over-month, an average timeframe for the luxury market. The most expensive residential sale in September in Denver metro was a 3,392-square-foot residence located at 250 Columbine Street #703, Denver, Colo., that sold for $3,695,000 Boulder County experienced a slight increase in luxury sales, up 6 percent, year-over-year with 18 homes with a price tag of more than $1 million sold in September 2016, over 17 sold in September 2015, according to the monthly analysis based on information
from IRES, LLC. Average sales price increased both year-over-year and month-over-month from $1.45 million in September 2015 to $1.9 million in September 2016. Month-over-month, average sales price rose from $1.53 in August 2016 to $1.9 in September 2016. Days on market increased slightly month-over-month, rising from 97 days in August 2016 to 107 days in September 2016, both average list times in the luxury market. Resort Update: In the resort communities of Eagle County (Vail, Beaver Creek, Avon), luxury numbers show signs of increase both year-over-year and month-over-month – 55 homes with a price tag of more than $1 million sold in September 2016, over 45 in September 2015 (statistics pulled from Vail Board of Realtors, MLS). Month-over-month, 55 homes sold in September 2016, over 38 in August 2016, a significant, 45 percent increase. Average price per square foot increased year-over-year from $603 in September 2015 to $746 in 2016. In Summit County (Breckenridge, Keystone, Copper), luxury numbers show signs of significant increase both year-over-year and month-over-month: 34 homes more than $1 million in price sold in September 2016, up 31 percent from 26 homes in September 2015. For current market reports, visit ColoradoMarketReports.com. And for more information, contact LIV Sotheby’s International Realty public relations manager, Brittanny Havard, at 303-486-3738.
