Market stays hot for million-dollar homes in July Through July 2013, buyers purchased $634,261,685 in single-family Million Dollar properties comprised of 417 transactions compared to $445,085,260 in sales and 291 transactions in 2012. This resulted in an increase of 43.3% in transactions and an increase of 42.5% in volume respectively. Year to date in 2013 the highest sold property was $8,691,000 (April) which is 15.9% more than the 2012 highest priced sale of $7,500,000 (July). The number of days on the market is now 13.9% less at 180 days versus 209 days in 2012.
Million Dollar Real Estate Market Recap: July Year Over Year Closed Sales Closed Sales Volume Average Sales Price Highest Price Sold Average Days on the Market
2012 52 $83,178,102 $1,599,579 $7,500,000 141
2013 85 $134,456,079 $1,581,836 $6,000,000 147
% change + 63.5% + 61.6% - 1.1% - 20.0% + 4.3%
*Denver Metro: Adams, Arapahoe, Broomfield, Denver, Douglas, Elbert, Jefferson. ** Source: Metrolist, Inc.
Active & Under Contract Listings Residential Total Active - 728 0
$5,000,001 + $3,000,001 - 5 Million
6
$2,000,001 - 3 Million
5
43 131
54
$1,250,001 - 1.5 Million
0
50
100
Total Active - 54 Total Under Contract - 6 $5,000,001 +
0
$3,000,001 - 5 Million
0
$2,000,001 - 3 Million
0
143
$1,500,001 - 2 Million
145
$1,250,001 - 1.5 Million
138
$1,000,000 - 1.25 Million
Under Contract
Condominium Total Under Contract - 138
27
26
$1,500,001 - 2 Million
Active
150
200
250
300
2 5 2
13
0
19 4
$1,000,000 - 1.25 Million
239
1
0
5
14 10
15
20
*Excludes Land Listings. ** Source: Metrolist,Inc.
Prepared By: Jamie Slough - Marketing Director 303-773-3399 | jslough@DenverRealEstate.com | Kentwood Real Estate | DenverRealEstate.comÂ