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Metro Denver Luxury Homes Market Update – 2013 Real Estate Recap

The real estate market for 2013 put in a strong performance for metro Denver Luxury Homes sold. The graphs below show you a snapshot of metro Denver luxury home sales by price range. This is the time of year when many of us set goals for the year. If one of your goals is selling your home, buying a home, trading up, downsizing or purchasing an investment property, I’m here to help. Spring of 2014 is looking like it could be a very good time to sell a home. Prices were up a lot in 2013 and home have been selling well in metro Denver.

The highest priced home to sell so far in 2013 was 23084 N Turkey Creek Rd in Evergreen which sold for $8,691,000. It is an amazing estate located in Evergreen, Colorado. The estate features 985 acres and a beautiful luxury home with 14,742 finished square feet. If you’d like to find the perfect luxury home in Evergreen, begin your search today for Evergreen Colorado Real Estate.

The second highest priced home to sell so far in 2013 was 7 Cherry Hills Park Dr in Cherry Hills Village which sold for $7,000,000. It’s a spectacular home in Cherry Hills Village located on 3 acres. It features 20,198 finished square feet of luxury. Begin your search for Cherry Hills Village Homes for Sale today.

If you’re looking to buy or sell a luxury home in metro Denver, contact Metro Denver Luxury Homes, the leader in Colorado luxury home market knowledge. We are here to help, please call us today at 303.550.8563.

The graph below shows the number of real buyers, or homes closed, for 2013. As you can see, sales are very strong in the lower luxury home price ranges. Sales of higher priced luxury homes are also doing well compared to 2012. Many people ask if the lower price ranges in the $500,000 to $700,000 price range qualify as luxury homes in metro Denver. In some areas such as Cherry Hills Village or Boulder, a $500,000 home is definitely not a luxury home. However, in other areas such as Legacy Ridge in Westminster, you can buy a very nice home in the $500,000 to $700,000 price range.

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The graph below shows the average days on market for metro Denver luxury home sales. The days on market is fairly low for all sales up to $1 million dollars. The days on market gets much higher for homes priced above $2 million dollars.

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The graph below shows the sales price as a percentage of list price. In 2013, metro Denver luxury homes have been selling for very close to asking price, especially in the lower luxury home price ranges.

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Now is a great time to sell you metro Denver luxury home. Prices were up in 2013 and the inventory of luxury homes is low right now throughout metro Denver. Contact Metro Denver Luxury Homes to see if it makes sense for you to list your home for sale.

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