Q2 2021
Luxury Report
9 Polo Club Lane
300 Royer Lane
1
RESIDENTIAL LUXURY REPORT INTRODUCTION
Through the first half of the year, Colorado’s luxury real estate markets throughout the state have seen dramatic increases in buying and selling activity, indicating that consumers are ready to begin their next chapters in homes that elevate their lifestyles. This boom is likely a continuation of the surge in real estate that was sparked by consumers’ need for more space, privacy, and amenities last year. The appreciation in home values, which has been influenced by heightened demand for luxury homes, has benefited sellers this year. However, with more people taking vacations or traveling this summer, buyers may now have the opportunity to purchase their next primary or secondary residence in one of Colorado’s incredible communities. LIV Sotheby’s International Realty, Colorado’s leading luxury real estate brokerage, produces a quarterly Residential Luxury Report comparing January through June of this year to the previous year. This measures the performance of luxury real estate markets in some of Colorado’s most popular communities, analyzing the luxury market for Colorado’s diverse neighborhoods. The statistics in this report show performance for single family homes and condos for Denver Metro ($1 million+), South Metro ($1 million+), Foothills ($1 million+), Boulder Valley ($1 million+), Colorado Springs ($1 million+), Grand County ($1 million+), Summit County ($2 million+), Crested Butte ($2 million+), the Vail Valley ($3 million+), and Telluride ($3 million+).
03
11
15
18
21
24
27
29
31
35
P. DENVER METRO $1 Million +
P. COLORADO SPRINGS $1 Million +
P. SOUTH METRO $1 Million +
P. GRAND COUNTY $1 Million +
P. VAIL VALLEY $3 Million +
2
P. FOOTHILLS $1 Million +
P. SUMMIT COUNTY $2 Million +
P. TELLURIDE $3 Million +
P. BOULDER VALLEY $1 Million +
P. CRESTED BUTTE $2 Million +
DENVER METRO LUXURY MARKET Luxury homes in Denver Metro offer an upscale Colorado living experience near the excitement of the city while positioning residents just a short drive from some of the state’s most amazing outdoor spaces. Overall, the six counties across Denver Metro have experienced an impressive 151.9% increase in the number of luxury homes sold through June of 2021 compared to the same period in 2020, with 2,217 luxury homes sold. Additionally, the average sale price of those luxury homes rose by 8.3%, bringing the average price for luxury homes in the community to $1,610,835. These increases resulted in a 172.7% rise in the total dollar volume sold, totaling $3,571,221,847. The strength of the market was seen throughout the individual neighborhoods within Denver Metro as well. In Greenwood
DENVER METRO
Village West, properties on more than an acre saw an impressive 450% increase in the number of luxury homes sold, growing from two homes sold through Q2 of 2020 to 11
January through June
homes sold so far this year. The Country Club neighborhood
# of Properties Sold
and the City of Denver also saw notable rises in luxury home sales, increasing by 400% and 155.9% respectively. As more homebuyers compete for luxury real estate in
Average Price per Square Foot Average Days on Market Highest Price
2020
2021
% Change
880
2,217
151.9%
$458
$506
10.4%
55
35
-36.4%
$6,620,000
$9,000,000
36.0%
Denver Metro, an upward trend in home prices has been
Average List Price
$1,534,633
$1,592,662
3.8%
observed. The Bow Mar and Bow Mar South neighborhoods,
Average Sale Price
$1,487,983
$1,610,835
8.3%
which are popular due to their access to Bowles Lake and
% Sold Price to List Price
96.8%
101.4%
4.8%
the activities and amenities that come with it, saw a 60.6%
Total Dollar Volume
$1,309,424,655
$3,571,221,847
172.7%
increase in sale prices for luxury homes. From January to June of this year, the average sold price for luxury homes in
Counties: Adams, Arapahoe, Boulder, Broomfield, Denver, Douglas, Jefferson
this neighborhood was $2,522,833. Denver Metro’s limited inventory of available luxury homes has motivated buyers to purchase homes in several individual communities more quickly than last year. For example, luxury homes in Spruce Meadows, although there have only been five luxury homes sold so far this year, spent an average of just 13 days on the market through Q2 of 2021, an 89.3% decrease from the same time frame last year.
Based on $1,000,000+ sales in Adams, Arapahoe, Broomfield, Denver, Douglas, and Jefferson Counties. This representation is based in whole or in part on data supplied from REColorado on July 8, 2021. REColorado does not guarantee nor is in any way responsible for its accuracy. Data maintained by REColorado may not reflect all real estate activity in the market.
+ $1,000,000 Sales
3
DENVER (CITY)
January through June
2020
2021
% Change
392
1,003
155.9%
$531
$594
11.8%
48
36
-25.0%
$4,625,000
$9,000,000
94.6%
Average List Price
$1,531,704
$1,584,247
3.4%
Average Sale Price
$1,489,652
$1,607,660
7.9%
96.3%
101.2%
5.1%
$583,943,618
$1,612,482,782
176.1%
# of Properties Sold Average Price per Square Foot
LIV SIR represented the buyer for the highest priced sale in the City of Denver for Q2 of 2021.
Average Days on Market Highest Price
% Sold Price to List Price Total Dollar Volume
BOW MAR/BOW MAR SOUTH
BONNIE BRAE/BELCARO
Boundaries: City of Denver
4
January through June
2020
2021
% Change
15
30
100.0%
$514
$658
28.0%
43
24
-44.2%
Highest Price
$2,675,000
$4,895,000
83.0%
Average List Price
$1,432,200
$2,115,000
47.7%
Average Sale Price
$1,389,500
$2,154,335
55.0%
94.7%
102.1%
7.9%
$20,842,500
$64,630,050
210.1%
# of Properties Sold Average Price per Square Foot Average Days on Market
% Sold Price to List Price Total Dollar Volume
Boundaries: Mississippi to Cherry Creek Drive South; University to Colorado
19.5%
The average price per square foot in Bow Mar/Bow Mar South increased by 19.5% January through June 2021 compared to that of 2020.
January through June
2020
2021
% Change
9
6
-33.3%
$547
$653
19.5%
33
24
-27.3%
Highest Price
$2,285,000
$5,400,000
136.3%
Average List Price
$1,635,000
$2,505,833
53.3%
Average Sale Price
$1,570,833
$2,522,833
60.6%
95.6%
101.2%
5.9%
$14,137,500
$15,137,000
7.1%
# of Properties Sold Average Price per Square Foot Average Days on Market
% Sold Price to List Price Total Dollar Volume
Boundaries: West Quincy Avenue to West Bowles Avenue
2021
% Change
28
60
114.3%
$591
$738
24.9%
77
47
-39.0%
Highest Price
$2,575,000
$4,000,000
55.3%
Average List Price
$1,524,349
$1,963,352
28.8%
Average Sale Price
$1,473,115
$1,930,647
31.1%
95.0%
96.6%
1.7%
$41,247,228
$115,838,800
180.8%
# of Properties Sold Average Price per Square Foot Average Days on Market
% Sold Price to List Price Total Dollar Volume
LIV SIR represented the buyer for the highest priced sale in Cherry Creek North for Q2 of 2021.
LIV SIR represented the seller for the highest priced sale in Cherry Hills Village (over 1 acre) for Q2 of 2021.
CHERRY HILLS VILLAGE
2020
CHERRY CREEK NORTH
January through June
Boundaries: York to Colorado; 1st Avenue to 6th Avenue
January through June
2020
2021
% Change
20
35
75.0%
$511
$684
33.8%
67
63
-6.0%
$6,620,000
$7,850,000
18.6%
Average List Price
$3,172,450
$4,010,114
26.4%
Average Sale Price
$3,025,250
$4,016,793
32.8%
95.3%
101.1%
6.1%
$60,505,000
$140,587,739
132.4%
# of Properties Sold Average Price per Square Foot Average Days on Market Highest Price
% Sold Price to List Price Total Dollar Volume
(Over 1 Acre) Boundaries: Hampden to Belleview; Clarkson to Happy Canyon Road and Charlou
2020
2021
% Change
23
28
21.7%
$450
$603
34.0%
19
33
73.7%
$2,750,000
$5,000,000
81.8%
Average List Price
$1,698,261
$2,648,000
55.9%
Average Sale Price
$1,662,688
$2,710,839
63.0%
96.7%
100.5%
3.9%
$38,241,820
$75,903,500
98.5%
# of Properties Sold Average Price per Square Foot Average Days on Market Highest Price
% Sold Price to List Price Total Dollar Volume
(Under 1 Acre) Boundaries: Hampden to Belleview; Clarkson to Happy Canyon Road and Charlou
LIV SIR represented both the buyer and the seller for the highest priced sale in Cherry Hills Village (under 1 acre) for Q2 of 2021.
CHERRY HILLS VILLAGE
January through June
5
COLUMBINE VALLEY
January through June
2020
2021
% Change
11
16
45.5%
$480
$531
10.7%
59
20
-66.1%
$3,700,000
$3,500,000
-5.4%
Average List Price
$1,749,727
$1,891,727
8.1%
Average Sale Price
$1,754,895
$1,914,546
9.1%
100.1%
101.5%
1.3%
$19,303,844
$30,632,737
58.7%
# of Properties Sold Average Price per Square Foot
LIV SIR represented the buyer for the highest priced sale in Columbine Valley for Q2 of 2021.
Average Days on Market Highest Price
% Sold Price to List Price Total Dollar Volume
Boundaries: South Polo Ridge Drive to West Bowles; Platte Canyon Road to South Platte River
COUNTRY CLUB
January through June
2020
2021
% Change
4
20
400.0%
$712
$760
6.6%
37
76
105.4%
Highest Price
$4,625,000
$6,075,000
31.4%
Average List Price
$3,531,250
$3,382,200
-4.2%
Average Sale Price
$3,095,000
$3,371,782
8.9%
87.9%
97.9%
11.4%
$12,380,000
$67,435,633
444.7%
# of Properties Sold Average Price per Square Foot Average Days on Market
LIV SIR represented the buyer for the highest priced sale in Country Club for Q2 of 2021.
% Sold Price to List Price Total Dollar Volume
Boundaries: University to Downing 1 - 4 ; Race to University 4th - 6th
CRESTMOOR
st
56.3% The average days on market in Crestmoor decreased by 56.3% January through June 2021 compared to that of 2020.
January through June
th
2020
2021
% Change
10
10
0.0%
$529
$544
2.9%
16
7
-56.3%
$2,400,000
$2,820,000
17.5%
Average List Price
$1,648,100
$1,564,300
-5.1%
Average Sale Price
$1,609,700
$1,620,700
0.7%
98.0%
102.6%
4.7%
$16,097,000
$16,207,000
0.7%
# of Properties Sold Average Price per Square Foot Average Days on Market Highest Price
% Sold Price to List Price Total Dollar Volume
Boundaries: Holly to Monaco; Bayaud to 6th Avenue
6
2020
2021
% Change
11
25
127.3%
$369
$460
24.8%
53
23
-56.6%
Highest Price
$1,950,000
$2,230,000
14.4%
Average List Price
$1,456,000
$1,535,780
5.5%
Average Sale Price
$1,404,955
$1,545,340
10.0%
94.4%
99.8%
5.7%
$15,454,000
$38,633,500
150.0%
# of Properties Sold Average Price per Square Foot Average Days on Market
% Sold Price to List Price Total Dollar Volume
GREENWOOD VILLAGE EAST
January through June
Boundaries: I-25 to Havana; Belleview to Orchard
2020
2021
% Change
2
11
450.0%
$583
$550
-5.7%
41
34
-17.1%
Highest Price
$2,820,000
$5,425,000
92.4%
Average List Price
$2,250,000
$3,289,818
46.2%
Average Sale Price
$2,160,000
$3,184,455
47.4%
90.3%
97.5%
8.0%
$4,320,000
$35,029,000
710.9%
# of Properties Sold Average Price per Square Foot Average Days on Market
% Sold Price to List Price Total Dollar Volume
92.4% The highest price in Greenwood Village West increased by 92.4% January through June 2021 compared to that of 2020.
(Over 1 Acre) Boundaries: Orchard to Belleview; Clarkson to I-25
2020
2021
% Change
20
35
75.0%
$408
$578
41.5%
23
21
-8.7%
$2,600,000
$3,600,000
38.5%
Average List Price
$1,660,850
$2,226,714
34.1%
Average Sale Price
$1,599,650
$2,271,237
42.0%
95.4%
101.9%
6.7%
$31,993,000
$79,493,290
148.5%
# of Properties Sold Average Price per Square Foot Average Days on Market Highest Price
% Sold Price to List Price Total Dollar Volume
(Under 1 Acre) Boundaries: Orchard to Belleview; Clarkson to I-25
LIV SIR represented both the buyer and the seller for the highest priced sale in Greenwood Village West (under 1 acre) for Q2 of 2021.
GREENWOOD VILLAGE WEST
January through June
GREENWOOD VILLAGE WEST
January through June
7
January through June
2020
2021
% Change
21
46
119.0%
$516
$589
14.0%
64
28
-56.3%
$3,275,000
$4,500,000
37.4%
Average List Price
$1,927,762
$1,950,717
1.2%
Average Sale Price
$1,855,359
$1,957,293
5.5%
93.0%
99.0%
6.4%
$38,962,536
$90,035,474
131.1%
# of Properties Sold
HILLTOP
Average Price per Square Foot Average Days on Market Highest Price
% Sold Price to List Price Total Dollar Volume
KEN-CARYL NORTH RANCH
HUNTINGTON TRAILS/LEXINGTON
Boundaries: Alameda to 6th; Colorado to Holly
8
13.0%
The highest price in Huntington Trails/ Lexington increased by 13.0% January through June 2021 compared to that of 2020.
January through June
2020
2021
% Change
4
9
125.0%
$367
$319
-13.2%
12
84
600.0%
$1,600,000
$1,807,500
13.0%
Average List Price
$1,499,750
$1,333,222
-11.1%
Average Sale Price
$1,448,750
$1,341,056
-7.4%
95.4%
101.7%
6.7%
$12,069,500
108.3%
# of Properties Sold Average Price per Square Foot Average Days on Market Highest Price
% Sold Price to List Price
$5,795,000
Total Dollar Volume
Boundaries: Lexington Place to 144 Avenue; McKay Lake to Huron Street th
January through June
2020
2021
% Change
3
12
300.0%
$320
$401
25.3%
59
7
-88.1%
Highest Price
$1,176,500
$1,820,000
54.7%
Average List Price
$1,176,333
$1,487,417
26.4%
Average Sale Price
$1,143,833
$1,527,500
33.5%
96.5%
102.4%
6.2%
$3,431,500
$18,330,000
434.2%
# of Properties Sold Average Price per Square Foot Average Days on Market
% Sold Price to List Price Total Dollar Volume
Boundaries: Red Fox Lane to North Ranch Road; Golden Eagle Road to Blue Grouse Ridge Road
2020
2021
% Change
13
45
246.2%
$473
$512
8.3%
50
17
-66.0%
Highest Price
$2,372,000
$1,895,000
-20.1%
Average List Price
$1,325,308
$1,282,653
-3.2%
Average Sale Price
$1,334,154
$1,306,108
-2.1%
101.3%
101.4%
0.1%
$17,344,000
$58,774,860
238.9%
# of Properties Sold Average Price per Square Foot Average Days on Market
% Sold Price to List Price Total Dollar Volume
246.2% The number of properties sold in Mayfair/Montclair increased by 246.2% January through June 2021 compared to that of 2020.
Boundaries: Colorado to Quebec; 6th to Colfax
2020
2021
% Change
18
40
122.2%
$479
$567
18.3%
44
46
4.5%
$2,870,000
$3,757,900
30.9%
Average List Price
$1,806,161
$2,092,593
15.9%
Average Sale Price
$1,756,333
$2,078,715
18.4%
96.4%
97.5%
1.2%
$31,614,000
$83,148,615
163.0%
# of Properties Sold Average Price per Square Foot Average Days on Market Highest Price
% Sold Price to List Price Total Dollar Volume
LIV SIR represented the buyer for the highest priced sale in Observatory Park for Q2 of 2021.
Boundaries: University to Colorado; Evans to Yale
January through June
2021
% Change
2
5
150.0%
$385
$499
29.5%
91
60
-34.1%
Highest Price
$3,700,000
$3,900,000
5.4%
Average List Price
$2,574,500
$3,117,000
21.1%
Average Sale Price
$2,550,000
$2,875,000
12.7%
96.7%
94.9%
-1.9%
$5,100,000
$14,375,000
181.9%
# of Properties Sold Average Price per Square Foot Average Days on Market
% Sold Price to List Price Total Dollar Volume
Boundaries: North of Mineral; South of Arabian Place; West of the S Platte River; East of S. Platte Canyon Road
26.5%
The average price per square foot in Polo Reserve increased by 26.5% January through June 2021 compared to that of 2020.
POLO RESERVE
2020
OBSERVATORY PARK
January through June
MAYFAIR/MONTCLAIR
January through June
9
SPRUCE MEADOWS WASHINGTON PARK EAST /CENTRAL
10
89.3% The average days on market in Spruce Meadows decreased by 89.3% January through June 2021 compared to that of 2020.
January through June
2020
2021
% Change
3
5
66.7%
$462
$551
19.3%
121
13
-89.3%
Highest Price
$3,500,000
$2,350,000
-32.9%
Average List Price
$2,336,558
$1,917,000
-18.0%
Average Sale Price
$2,320,822
$1,929,000
-16.9%
95.8%
100.9%
5.4%
$6,962,467
$9,645,000
38.5%
# of Properties Sold Average Price per Square Foot Average Days on Market
% Sold Price to List Price Total Dollar Volume
Boundaries: Federal Blvd to Zuni Street; High Prairie Way to 156th Avenue
January through June
2020
2021
% Change
45
72
60.0%
$643
$739
15.0%
41
24
-41.5%
$3,425,000
$4,375,000
27.7%
Average List Price
$1,812,869
$1,887,084
4.1%
Average Sale Price
$1,744,462
$1,930,817
10.7%
95.5%
102.1%
6.9%
$78,500,800
$139,018,856
77.1%
# of Properties Sold Average Price per Square Foot
LIV SIR represented both the buyer and the seller for the highest priced sale in Washington Park East/Central for Q2 of 2021.
Average Days on Market Highest Price
% Sold Price to List Price Total Dollar Volume
Boundaries: Louisiana to Ellsworth, Ogden to University
SOUTH METRO LUXURY MARKET The South Metro luxury home market offers consumers more space than can typically be found near the city with just as many entertainment, outdoor activity, and shopping options. For this reason, the collection of neighborhoods that make up South Metro has become a popular place to invest in luxury properties. Douglas County, which makes up much of the South Metro community saw a 170% increase in the number of luxury properties sold and a 4.3% increase in the average sold price through June of this year compared to January through June of last year. The combination of these increases resulted in a 181.6% increase in the total January through June 2020 2021 % Change dollar volume sold within the luxury sector of the # of Properties Sold 190 513 170.0% market.
DOUGLAS COUNTY
$411
$426
3.6%
79
38
-51.9%
Highest Price
$4,115,000
$4,350,000
5.7%
Average List Price
$1,474,577
$1,490,677
1.1%
Average Sale Price
$1,436,715
$1,498,433
4.3%
96.0%
100.5%
4.7%
$272,975,789
$768,696,010
181.6%
Average Price per Square Foot
Out of the eight luxury neighborhoods within the South Metro community, Heritage Hills saw the most significant increase in the number of luxury homes sold. This area experienced an astounding 2,400% rise in luxury home sales, growing from a single property sold through June in 2020 to 25 properties sold through June of this year.
Average Days on Market
% Sold Price to List Price Total Dollar Volume
Luxury homes within the Ravenna neighborhood appreciated in price the most through Q2 of this year. Here, luxury homes sold for an average price of $2,523,818, a 27.7% increase from January through June of last year when the average price was $1,976,247. Backcountry proved to be a very popular community in the eyes of consumers through Q2 of 2021. Homes in this neighborhood saw an 86.9% decrease in average days on market, with most homes staying on the market for an average of just eight days. Based on $1,000,000+ sales in Douglas County. Based on information from REColorado. This representation is based in whole or in part on data supplied from REColorado on July 8, 2021. REColorado does not guarantee nor is in any way responsible for its accuracy. Data maintained by REColorado may not reflect all real estate activity in the market.
+ $1,000,000 Sales
11
BACKCOUNTRY
January through June
2020
2021
% Change
19
58
205.3%
$381
$431
13.1%
61
8
-86.9%
Highest Price
$2,986,405
$2,725,000
-8.8%
Average List Price
$1,386,255
$1,471,231
6.1%
Average Sale Price
$1,369,691
$1,482,224
8.2%
95.3%
100.2%
5.2%
$27,199,124
$85,969,000
216.1%
# of Properties Sold Average Price per Square Foot Average Days on Market
% Sold Price to List Price Total Dollar Volume
FALCON HILLS
Boundaries: South of Wildcat Reserve Pkwy; East of Weathersfield Way, West of Red Sun Ct
5.2%
The average price per square foot in Falcon Hills increased by 5.2% January through June 2021 compared to that of 2020.
January through June
2020
2021
% Change
5
2
-60.0%
$325
$342
5.2%
6
53
783.3%
Highest Price
$1,605,000
$1,650,000
2.8%
Average List Price
$1,456,800
$1,349,750
-7.3%
Average Sale Price
$1,440,000
$1,437,500
-0.2%
98.8%
104.3%
5.6%
$7,200,000
$2,875,000
-60.1%
2020
2021
% Change
1
7
600.0%
$309
$442
43.2%
98
87
-11.2%
Highest Price
$1,700,000
$2,100,000
23.5%
Average List Price
$1,700,000
$1,756,857
3.3%
Average Sale Price
$1,700,000
$1,789,286
5.3%
97.1%
99.3%
2.3%
$1,700,000
$12,525,000
636.8%
# of Properties Sold Average Price per Square Foot Average Days on Market
% Sold Price to List Price Total Dollar Volume
HERITAGE ESTATES
January through June
12
# of Properties Sold Average Price per Square Foot Average Days on Market
LIV SIR represented the seller for the highest priced sale in Heritage Estates for Q2 of 2021.
% Sold Price to List Price Total Dollar Volume
2020
2021
% Change
1
25
2,400.0%
$309
$389
26.0%
98
51
-48.0%
Highest Price
$1,700,000
$2,045,000
20.3%
Average List Price
$1,700,000
$1,395,796
-17.9%
Average Sale Price
$1,700,000
$1,400,480
-17.6%
97.1%
99.4%
2.3%
$1,700,000
$35,012,000
1,959.5%
# of Properties Sold Average Price per Square Foot Average Days on Market
% Sold Price to List Price Total Dollar Volume
January through June
2021
% Change
2
11
450.0%
$350
$464
32.5%
20
13
-35.0%
Highest Price
$1,220,000
$2,250,000
84.4%
Average List Price
$1,292,500
$1,495,663
15.7%
Average Sale Price
$1,180,000
$1,496,364
26.8%
91.3%
99.1%
8.6%
$2,360,000
$16,460,000
597.5%
# of Properties Sold Average Price per Square Foot Average Days on Market
% Sold Price to List Price Total Dollar Volume
LIV SIR represented the seller for the highest priced sale in Keene Ranch for Q2 of 2021.
KEENE RANCH
2020
HERITAGE HILLS
January through June
Boundaries: South Butte Circle to Castle Butte Drive; South Peak View Drive to West Tomah Road
January through June
2021
% Change
11
11
0.0%
$703
$719
2.3%
142
135
-4.9%
Highest Price
$3,047,125
$4,100,000
34.6%
Average List Price
$2,027,593
$2,608,818
28.7%
Average Sale Price
$1,976,247
$2,523,818
27.7%
101.4%
95.7%
-5.6%
$21,738,721
$27,762,000
27.7%
# of Properties Sold Average Price per Square Foot Average Days on Market
% Sold Price to List Price Total Dollar Volume
RAVENNA
2020
Boundaries: Colorado to Quebec; 6th to Colfax
13
SPIRIT RIDGE
January through June
2020
2021
% Change
5
5
0.0%
$310
$338
9.1%
115
214
86.1%
Highest Price
$1,875,744
$1,900,000
1.3%
Average List Price
$1,412,860
$1,518,498
7.5%
Average Sale Price
$1,326,669
$1,475,000
11.2%
93.6%
91.7%
-2.1%
$6,633,344
$7,375,000
11.2%
2020
2021
% Change
31
52
67.7%
$461
$497
7.7%
82
42
-48.8%
Highest Price
$3,266,716
$4,075,000
24.7%
Average List Price
$1,595,318
$1,833,056
14.9%
Average Sale Price
$1,519,604
$1,831,350
20.5%
94.8%
100.3%
5.8%
$47,107,729
$95,230,206
102.2%
# of Properties Sold Average Price per Square Foot
LIV SIR represented the seller for the highest priced sale in Spirit Ridge for Q2 of 2021.
Average Days on Market
% Sold Price to List Price Total Dollar Volume
THE VILLAGE AT CASTLE PINES
Boundaries: University to Colorado; Evans to Yale
14
January through June # of Properties Sold Average Price per Square Foot Average Days on Market
% Sold Price to List Price Total Dollar Volume
Boundaries: US 85 & Copper Blush to Northwood; Daniels Park to Gate 5, Country Club to I-25
FOOTHILLS LUXURY MARKET The Foothills, a community beloved for its nearness to nature and captivating views of the Front Range, saw an influx of luxury real estate activity during the first two quarters of 2021. As a whole, the number of luxury listings sold through June in 2021, compared to the same time period in 2020, grew by an impressive 194.1%, totaling 400 luxury homes sold. Increased demand for high-end homes in this area raised the average sale price of luxury homes from $1,378,247 through Q2 in 2020 to $1,448,560 so far this year, a 5.1% increase. This community has seen total dollar volume sold in the luxury sector of the market rise by 209.1% through June thanks to consumers’ need for lifestyle-focused, luxury homes in the Foothills.
JEFFERSON COUNTY
Ridge at Hiwan, a neighborhood with many homes that back to open spaces and beautiful views, saw the most dramatic increase in the number of luxury properties sold through June of this year, rising from five homes sold through Q2 of last year to 14 homes sold so far this year, a 180% increase. The Genesee area also experienced notable increase in luxury home sales, growing by 100% from six homes sold to 12 homes sold in a year-to-date comparison.
January through June # of Properties Sold Average Price per Square Foot Average Days on Market
2020
2021
% Change
136
400
194.1%
$407
$448
10.1%
62
28
-54.8%
$3,300,000
$5,440,000
64.8%
Average List Price
$1,436,556
$1,429,824
-0.5%
Average Sale Price
$1,378,247
$1,448,560
5.1%
94.7%
101.7%
7.4%
$187,441,658
$579,424,022
209.1%
Highest Price
% Sold Price to List Price Total Dollar Volume
Soda Creek saw one of the most notable appreciations in the average sale price for luxury homes in the Foothills. Luxury single family homes in this community increased in average sold price by 21.9%, bringing the average sold price to $2,297,450. Many communities have seen decreases in the average time luxury homes spent on the market due to the high demand for listings in the Foothills. For example, luxury homes within Ridge at Hiwan spent an average of eight days on the market through June of this year compared to the same time frame last year, which is an 83% difference. Based on $1,000,000+ sales in Jefferson County. Based on information from REColorado. This representation is based in whole or in part on data supplied from REColorado on July 8, 2021. REColorado does not guarantee nor is in any way responsible for its accuracy. Data maintained by REColorado may not reflect all real estate activity in the market.
+ $1,000,000 Sales
15
January through June
2020
2021
% Change
6
12
100.0%
$474
$444
-6.4%
34
24
-29.4%
Highest Price
$3,100,000
$1,870,000
-39.7%
Average List Price
$1,643,000
$1,382,667
-15.8%
Average Sale Price
$1,556,667
$1,392,608
-10.5%
92.8%
100.1%
7.8%
$9,340,000
$16,711,300
78.9%
# of Properties Sold
GENESEE
Average Price per Square Foot Average Days on Market
% Sold Price to List Price Total Dollar Volume
Boundaries: South of Wildcat Reserve Pkwy; East of Weathersfield Way, West of Red Sun Ct
RIDGE AT HIWAN
HANGEN RANCH
January through June
16
2020
2021
% Change
No Sales
1
-
Average Price per Square Foot
-
$787
-
Average Days on Market
-
6
-
Highest Price
-
$1,100,000
-
Average List Price
-
$975,000
-
Average Sale Price
-
$1,100,000
-
% Sold Price to List Price
-
112.8%
-
Total Dollar Volume
-
$1,100,000
-
2020
2021
% Change
5
14
180.0%
$332
$430
29.4%
47
8
-83.0%
Highest Price
$1,310,000
$1,880,000
43.5%
Average List Price
$1,245,800
$1,364,086
9.5%
Average Sale Price
$1,193,000
$1,416,086
18.7%
93.8%
103.8%
10.7%
$5,965,000
$19,825,000
232.4%
# of Properties Sold
83.0% The average days on market in Ridge at Hiwan decreased by 83.0% January through June 2021 compared to that of 2020.
January through June # of Properties Sold Average Price per Square Foot Average Days on Market
% Sold Price to List Price Total Dollar Volume
January through June
2
2
0.0%
$360
$296
-17.8%
19
165
768.4%
Highest Price
$1,251,000
$1,850,000
47.9%
Average List Price
$1,212,500
$1,562,500
28.9%
Average Sale Price
$1,205,500
$1,500,000
24.4%
95.5%
94.2%
-1.4%
$2,411,000
$3,000,000
24.4%
2020
2021
% Change
6
7
16.7%
$430
$482
12.1%
136
41
-69.9%
Highest Price
$3,300,000
$4,775,150
44.7%
Average List Price
$2,029,833
$2,385,571
17.5%
Average Sale Price
$1,885,333
$2,297,450
21.9%
92.5%
97.8%
5.8%
$11,312,000
$16,082,150
42.2%
2020
2021
% Change
3
1
-66.7%
$423
$703
66.1%
18
11
-38.9%
Highest Price
$1,675,000
$2,495,000
49.0%
Average List Price
$1,520,833
$2,495,000
64.1%
Average Sale Price
$1,514,667
$2,495,000
64.7%
98.3%
100.0%
1.8%
$4,544,000
$2,495,000
-45.1%
# of Properties Sold Average Price per Square Foot Average Days on Market
% Sold Price to List Price Total Dollar Volume
January through June # of Properties Sold Average Price per Square Foot Average Days on Market
% Sold Price to List Price Total Dollar Volume
January through June # of Properties Sold Average Price per Square Foot Average Days on Market
% Sold Price to List Price Total Dollar Volume
28.9% The average list price in Riva Chase increased by 28.9% January through June 2021 compared to that of 2020.
LIV SIR represented the seller for the highest priced sale in Soda Creek for Q2 of 2021.
64.7% The average sale price in Spring Ranch increased by 64.7% January through June 2021 compared to that of 2020.
SPRING RANCH
% Change
SODA CREEK
2021
RIVA CHASE
2020
17
BOULDER VALLEY LUXURY MARKET Boulder Valley is an eclectic community filled with plenty of natural spaces, a lively restaurant and entertainment scene, and one of the most desirable lifestyles in the country. Recently ranked as the No. 1 city in the nation to live in by U.S. News & World Report, Boulder is a popular destination for buying and selling luxury real estate. Overall, the Boulder County has seen a 128.5% increase in the number of luxury properties sold through Q2 of this year compared to the same time frame in 2020. The average sale price for luxury homes in this area has increased by 6.8%, bringing the average price for local luxury properties to $1,762,562. The combination of these January through June 2020 2021 % Change increases has boosted the total dollar volume sold by # of Properties Sold 274 626 128.5% 144%, which brings the total to $1,103,363,672 for the first half of 2021. Average Days on Market 90 70 -22.2%
BOULDER COUNTY
Looking at individual neighborhoods, the University Hill & Chautauqua area had the most impressive increase in luxury listings sold. Through June of this year, there were 52 luxury homes sold which is 147.6% more than during the same period in 2020.
Highest Price Average Sold Price % Sold Price to List Price Total Dollar Volume
$8,000,000
$7,900,000
-1.3%
$1,650,580
$1,762,562
6.8%
96.85%
100.7%
4.0%
$452,258,844
$1,103,363,672
144.0%
Luxury homes in Boulder County Plains, which includes Niwot, Somerset Meadows, White Hawk Ranch, Fairview Estates, Paragon Estates, and Spanish Hills, experienced a 21.1% appreciation in the average sale price through Q2. High-end homes in these communities sold for an average price of $1,782,473 through the first half of the year. The demand for homes in the City of Boulder caused the average days on market for luxury homes in the community to decrease by 20.5%, leaving listings on the market for an average of 70 days in 2021 compared to 88 days through June of 2020.
Based on $1,000,000+ sales in Boulder County. Based on information from IRES, LLC. This representation is based in whole or in part on data supplied by IRES, LLC on July 8, 2021. IRES, LLC does not guarantee nor is in any way responsible for its accuracy. Data maintained by IRES,LLC may not reflect all real estate activity in the market.
18
+ $1,000,000 Sales
2021
% Change
214
454
112.1%
88
70
-20.5%
$8,000,000
$7,900,000
-1.3%
$1,695,462
$1,840,926
8.6%
96.8%
100.7%
4.1%
$362,828,918
$835,780,536
130.4%
2020
2021
% Change
# of Properties Sold
70
129
84.3%
Average Days on Market
89
74
-16.9%
$3,500,000
$6,650,000
90.0%
$1,472,117
$1,782,473
21.1%
96.7%
99.0%
2.4%
$103,048,159
$229,939,005
123.1%
# of Properties Sold Average Days on Market Highest Price Average Sold Price % Sold Price to List Price Total Dollar Volume
January through June
Highest Price Average Sold Price % Sold Price to List Price Total Dollar Volume
Niwot, Somerset Meadows, White Hawk Ranch, Fairview Estates, Paragon Estates, Spanish Hills
# of Properties Sold Average Days on Market Highest Price Average Sold Price % Sold Price to List Price Total Dollar Volume
2020
2021
% Change
24
13
-45.8%
108
105
-2.8%
$2,600,000
$4,000,000
53.8%
$1,606,854
$1,556,711
-3.1%
97.5%
97.1%
-0.4%
$38,564,494
$20,237,240
-47.5%
The number of properties sold in the city of Boulder increased by 112.1% January through June 2021 compared to that of 2020.
90.0%
The highest price in Boulder County Plains increased by 90.0% January through June 2021 compared to that of 2020.
DOWNTOWN BOULDER
January through June
112.1%
BOULDER COUNTY PLAINS
2020
BOULDER (CITY)
January through June
19
FOOTHILLS COMMUNITIES UNIVERSITY HILL & CHAUTAUQUA 20
15.1%
The average days on market in the Foothills communities decreased by 15.1% January through June 2021 compared to that of 2020.
January through June # of Properties Sold Average Days on Market Highest Price Average Sold Price % Sold Price to List Price Total Dollar Volume
2020
2021
% Change
195
399
104.6%
86
73
-15.1%
$8,000,000
$7,900,000
-1.3%
$1,682,254
$1,873,409
11.4%
96.9%
100.4%
3.6%
$328,039,438
$747,490,167
127.9%
Pinebrook Hills, Boulder Heights, Lake of the Pines, Jamestown, Eldorado Springs
January through June
2020
2021
% Change
# of Properties Sold
21
52
147.6%
Average Days on Market
72
65
-9.7%
Highest Price
$3,700,000
$4,400,000
18.9%
Average Sold Price
$1,682,653
$1,951,942
16.0%
96.7%
100.0%
3.4%
$35,335,710
$101,500,971
187.2%
% Sold Price to List Price Total Dollar Volume
COLORADO SPRINGS LUXURY MARKET As Colorado’s second-largest city, Colorado Springs is full of adventure, amazing access to the state’s natural beauty, and lively communities that attract homebuyers from across the country. When looking at the luxury market within El Paso County and Teller County through Q2 of 2021, it is evident that the demand for luxury homes in the area has grown exponentially. The number of luxury homes sold through June increased by 206.7% compared to the same time frame last year. This increase in sold listings resulted in a 242.6% boost in the overall total dollar volume sold, bringing it to $259,812,968.
EL PASO & TELLER COUNTY
The Broadmoor Area saw the most drastic increase in luxury home sales through Q2 of this year. There were 455.6% more luxury homes sold in this area so far in 2021 than there were January through June of 2020. Within this neighborhood, there were 50 luxury homes sold through the first half of the year. Other neighborhoods, such as Kissing Camels, saw notable appreciation in average sale prices for high-end homes. Here, the average sales price of luxury homes increased by 19.8%, bringing the average sale price to $1,296,983 for the first half of the year.
January through June
2020
2021
% Change
60
184
206.7%
$212
$255
20.3%
76
52
-31.6%
$2,200,000
$3,800,000
72.7%
Average List Price
$1,532,036
$1,634,866
6.7%
Average Sales Price
$1,264,100
$1,412,027
11.7%
97.1%
98.8%
1.8%
$75,846,000
$259,812,968
242.6%
Properties Sold Avg Price per Square Foot Avg Days on Market Highest Price
% Sold Price to List Price Total Dollar Volume
A decrease in days on market helps illustrate how quickly homes within an area are selling, often indicating increased demand. Monument experienced a 66.7% drop in average days on market for luxury homes, lessening the time these properties spent on the market from 66 days through Q2 in 2020 to 22 days through Q2 of this year.
Based on information from the Pikes Peak REALTOR® Services Corp. (“RSC”), for the period January 1, 2021 through June 30, 2021. RSC does not guarantee or is in any way responsible for its accuracy. Data maintained by RSC may not reflect all real estate activity in the market.
+ $1,000,000 Sales
21
MONUMENT
66.7%
The average days on market in Monuent decreased by 66.7% January through June 2021 compared to that of 2020.
January through June
2020
2021
% Change
22
46
109.1%
$217
$222
2.3%
66
22
-66.7%
Highest Price
$1,900,000
$1,590,000
-16.3%
Average List Price
$1,304,985
$1,356,722
4.0%
$1,251,013
$1,217,911
-2.6%
97.6%
100.8%
3.3%
$27,522,286
$56,023,906
103.6%
2020
2021
% Change
4
18
350.0%
$219
$274
25.1%
51
33
-35.3%
$1,900,000
$3,800,000
100.0%
Average List Price
$1,456,795
$1,636,198
12.3%
Average Sales Price
$1,365,890
$1,551,314
13.6%
96.4%
100.7%
4.5%
$5,463,560
$27,923,652
411.1%
2020
2021
% Change
9
50
455.6%
$208
$264
26.9%
101
60
-40.6%
$2,200,000
$3,800,000
72.7%
Average List Price
$1,809,405
$1,990,419
10.0%
Average Sales Price
$1,377,250
$1,541,010
11.9%
94.5%
97.1%
2.8%
$12,395,250
$77,050,500
521.6%
Properties Sold Avg Price per Square Foot Avg Days on Market
Average Sales Price % Sold Price to List Price
FLYING HORSE
Total Dollar Volume
350.0% The number of properties sold in Flying Horse increased by 350.0% January through June 2021 compared to that of 2020.
January through June Properties Sold Avg Price per Square Foot Avg Days on Market Highest Price
% Sold Price to List Price Total Dollar Volume
BROADMOOR
January through June Properties Sold Avg Price per Square Foot Avg Days on Market Highest Price
% Sold Price to List Price Total Dollar Volume
22
January through June
% Change
20
34
70.0%
$227
$266
17.2%
97
29
-70.1%
$1,900,000
$2,650,000
39.5%
Average List Price
$1,501,807
$1,540,767
2.6%
Average Sales Price
$1,314,988
$1,367,128
4.0%
96.6%
99.3%
2.8%
$26,299,760
$46,482,352
76.7%
2020
2021
% Change
5
6
20.0%
$197
$232
17.8%
82
50
-39.0%
Highest Price
$1,100,000
$1,800,000
63.6%
Average List Price
$1,352,450
$1,665,558
23.2%
Average Sales Price
$1,083,000
$1,296,983
19.8%
99.8%
101.2%
1.4%
$5,415,000
$7,781,898
43.7%
Properties Sold Avg Price per Square Foot Avg Days on Market Highest Price
% Sold Price to List Price Total Dollar Volume
January through June Properties Sold Avg Price per Square Foot Avg Days on Market
% Sold Price to List Price Total Dollar Volume
63.6% The highest price in Kissing Camels increased by 63.6% January through June 2021 compared to that of 2020.
KISSING CAMELS
2021
BLACK FOREST
2020
23
GRAND COUNTY LUXURY MARKET Home to Colorado’s deepest natural lake, Grand County offers beautiful views of the waterfront, the mountains, and unforgettable sunsets. The luxury real estate market in this special community experienced a 151.9% boost in the number of properties sold during the first half of 2021, in comparison to the same time frame last year. That increase in luxury home sales created a 137.5% rise in total dollar volume sold, which totaled $111,224,055 through June. In the town of Grand Lake, luxury single family home sales rose by an impressive 1,400%, increasing from one home sold through June of 2020 to 15 homes sold through June of this year. Granby also experienced a notable rise in luxury homebuying activity, with property sales increasing by 550%.
GRAND COUNTY January through June
2020
2021
% Change
27
68
151.9%
193
127
-34.2%
Highest Price
$6,233,370
$4,600,000
-26.2%
Average List Price
$1,827,548
$1,666,409
-8.8%
Average Sold Price
$1,734,353
$1,635,647
-5.7%
95.0%
98.9%
4.1%
$46,827,537
$111,224,055
137.5%
# of Properties Sold Average Days on Market
The Tabernash community saw luxury single family home prices appreciate through Q2 of this year, rising by 29.3% to $1,813,045. The real estate market in Winter Park also experienced an upward trend in luxury single family home prices, which rose from $1,572,997 through June of 2020 to $1,808,375 through June of this year – a 15% increase.
% Sold Price to List Price Total Dollar Volume
In Winter Park, the average days on market for luxury single family homes decreased by 71.4%. This accelerated market pace left homes in the area on the market for an average of 53 days through Q2 of this year.
Based on $1,000,000+ sales for Grand County. Based on Information from Grand County’s Board of Realtors. This representation is based in whole or in part on data supplied by the Grand County Board of Realtors on July 8, 2021. The Grand County Board of Realtors does not guarantee nor is in any way responsible for its accuracy. Data maintained by the Grand County Board of Realtors may not reflect all real estate activity in the market.
24
+ $1,000,000 Sales
January through June
2021
% Change
5
4
-20.0%
185
53
-71.4%
Highest Price
$1,799,900
$2,646,000
47.0%
Average List Price
$1,589,380
$1,977,500
24.4%
Average Sold Price
$1,572,997
$1,808,375
15.0%
97.4%
93.2%
-4.4%
$7,864,986
$7,233,500
-8.0%
# of Properties Sold Average Days on Market
% Sold Price to List Price Total Dollar Volume
71.4%
The average days on market in Winter Park decreased by 71.4% January through June 2021 compared to that of 2020.
WINTER PARK
2020
Single Family Homes
January through June
2021
% Change
1
15
1400.0%
32
100
212.5%
Highest Price
$1,595,000
$4,600,000
188.4%
Average List Price
$1,650,000
$1,768,933
7.2%
Average Sold Price
$1,595,000
$1,749,150
9.7%
96.7%
98.5%
1.9%
$1,595,000
$26,237,250
1545.0%
# of Properties Sold Average Days on Market
% Sold Price to List Price Total Dollar Volume
188.4% The highest price in Grand Lake increased by 188.4% January through June 2021 compared to that of 2020.
GRAND LAKE
2020
Single Family Homes
January through June
2021
% Change
10
11
10.0%
205
141
-31.2%
Highest Price
$3,710,000
$4,100,000
10.5%
Average List Price
$1,986,390
$2,019,264
1.7%
Average Sold Price
$1,828,528
$1,978,550
8.2%
86.6%
99.7%
15.2%
$18,285,281
$21,764,052
19.0%
# of Properties Sold Average Days on Market
% Sold Price to List Price Total Dollar Volume
FRASER
2020
Single Family Homes
25
January through June
2020
2021
% Change
2
13
550.0%
539
61
-88.7%
Highest Price
$6,233,370
$1,750,000
-71.9%
Average List Price
$3,897,250
$1,340,385
-65.6%
Average Sold Price
$3,691,685
$1,318,038
-64.3%
89.4%
97.9%
9.4%
$7,383,370
$17,134,500
132.1%
# of Properties Sold
GRANBY
Average Days on Market
% Sold Price to List Price Total Dollar Volume
TABERNASH
All Properties
175.0% The number of properties sold in Tabernash increased by 175.0% January through June 2021 compared to that of 2020.
January through June
2020
2021
% Change
4
11
175.0%
50
141
182.0%
Highest Price
$1,659,000
$3,500,000
111.0%
Average List Price
$1,421,000
$1,821,718
28.2%
Average Sold Price
$1,402,250
$1,813,045
29.3%
98.6%
100.5%
1.9%
$5,609,000
$19,943,500
255.6%
# of Properties Sold Average Days on Market
% Sold Price to List Price Total Dollar Volume
All Properties
KREMMLING
January through June
2020
2021
% Change
No Sales
3
-
Average Days on Market
-
449
-
Highest Price
-
$1,225,000
-
Average List Price
-
$1,276,667
-
Average Sold Price
-
$1,150,000
-
% Sold Price to List Price
-
81.1%
-
Total Dollar Volume
-
$3,450,000
-
# of Properties Sold
All Properties
26
SUMMIT COUNTY LUXURY MARKET For those looking for breathtaking views, access to nature, and some of the most beautiful homes in Colorado, Summit County is the ultimate real estate destination. Through the first half of the year, Summit County has experienced a boom in luxury home buying and selling activity. Overall Summit County has seen a 234.6% increase in the number of luxury homes sold through June of this year compared to the same period of time in 2020. The average sold price of homes in this area has also increased, rising by 13.6%, which brings the average sale price for luxury homes to $3,181,496. This surge in luxury home sales has contributed to the incredible 280.1% boost in total sales volume, totaling $276,790,150 so far this year. January through June 2020 2021 % Change
SUMMIT COUNTY
# of Properties Sold
In Breckenridge, the world-famous ski community, the number of luxury single family homes sold spiked by 166.7%, with 48 properties sold through June. Average sale prices for luxury listings in this popular resort town rose by 24%, bringing the average sale price for single family homes in Breckenridge to $3,587,305. The demand for luxury homes here drove the average days on market down from 141 days through June last year to 81 days through June of 2021.
Average Price per Square Foot
26
87
234.6%
$683
$749
9.7%
132
69
-47.7%
Highest Price
$4,600,000
$17,000,000
269.6%
Average List Price
$2,958,654
$3,289,747
11.2%
Average Sold Price
$2,800,549
$3,181,496
13.6%
95.2%
97.1%
2.0%
$72,814,272
$276,790,150
280.1%
Average Days on Market
% Sold Price to List Price Total Dollar Volume
Based on $2,000,000+ sales in Summit County. Based on information from Summit Association of Realtors®. This representation is based in whole or in part on data supplied by Summit Association of Realtors® on July 8, 2021. Summit Association of Realtors® does not guarantee nor is in any way responsible for its accuracy. Data maintained by Summit Association of Realtors® may not reflect all real estate activity in the market.
+ $2,000,000 Sales
27
BRECKENRIDGE
January through June
2020
2021
% Change
18
48
166.7%
$658
$705
7.1%
141
81
-42.6%
Highest Price
$4,600,000
$17,000,000
269.6%
Average List Price
$3,082,278
$3,710,042
20.4%
Average Sold Price
$2,892,415
$3,587,305
24.0%
94.4%
97.3%
3.0%
$52,063,472
$172,190,650
230.7%
# of Properties Sold Average Price per Square Foot Average Days on Market
% Sold Price to List Price Total Dollar Volume
COPPER MOUNTAIN
Single Family Homes
97.9% The average days on market in Copper Mountain decreased by 97.9% January through June 2021 compared to that of 2020.
January through June
2020
2021
% Change
1
1
0.0%
$563
$605
7.5%
189
4
-97.9%
Highest Price
$3,600,000
$3,850,000
6.9%
Average List Price
$3,795,000
$3,995,000
5.3%
Average Sold Price
$3,600,000
$3,850,000
6.9%
94.8%
96.4%
1.6%
$3,600,000
$3,850,000
6.9%
# of Properties Sold Average Price per Square Foot Average Days on Market
% Sold Price to List Price Total Dollar Volume
Single Family Homes
January through June
2020
2021
% Change
No Sales
5
-
Average Price per Square Foot
-
$577
-
Average Days on Market
-
82
-
Highest Price
-
$4,025,000
-
Average List Price
-
$2,933,000
-
Average Sold Price
-
$2,836,000
-
% Sold Price to List Price
-
96.4%
-
Total Dollar Volume
-
$14,180,000
-
KEYSTONE
# of Properties Sold
Single Family Homes
28
CRESTED BUTTE LUXURY MARKET Crested Butte boasts a tight-knit community surrounded by awe-inspiring scenery. Here, homebuyers will find stunning luxury homes, many of which have million-dollar views. This collection of neighborhoods within Gunnison County has seen an incredible 383.3% increase in the number of luxury properties sold so far this year compared to the same time frame in 2020. Additionally, the average sale price of luxury homes in the area rose by 35.4%, which is in large part due to an impressive $27,000,000 sale of a home. The rise in luxury property sales has contributed to the increase in total sales volume, which reached $118,370,040 through June – a 554.2% increase from the same time frame in 2020. Much of the community’s success is reflected in the individual areas that make up Crested Butte. The rise in luxury home sales is most evident in Rural Crested Butte where there was a 700% increase in the number of single family homes sold, totaling eight luxury homes sold through June.
GUNNISON COUNTY January through June # of Properties Sold Average Price per Square Foot Average Days on Market
2020
2021
% Change
6
29
383.3%
$889
$1,079
21.5%
316
194
-38.6%
$27,000,000
440.0%
$4,282,517
6.9%
$4,081,725
35.4%
95.3%
26.6%
$118,370,040
554.2%
In Mt. Crested Butte, the average sale price for luxury Highest Price $5,000,000 single family homes rose by 37.4%, which brings Average List Price $4,006,666 the average sale price to $2,884,500. This notable Average Sale Price $3,015,525 appreciation in average sale price is influenced by % Sold Price to List Price 75.3% one $3,825,000 sale, which was represented by a LIV Total Dollar Volume $18,093,150 Sotheby’s International Realty broker. That significant sale was 82.1% higher than the highest-priced sale that took place January through June of last year and illustrates the desire for luxury homes in this area.
In the Town of Crested Butte, luxury single family homes remained on the market for 10.6% less time than last year. In this community, luxury listings spent an average of 211 days on the market through Q2 of this year.
Based on $2,000,000+ residential sales in Gunnison County. Based on data from the Gunnison County Association of Realtors® MLS, Colorado Real Estate Network (CREN) on July 8, 2021. Verify with a local Realtor®. All information is deemed reliable but not guaranteed. Data maintained by CREN MLS may not reflect all real estate activity in the market.
+ $2,000,000 Sales
29
TOWN OF CRESTED BUTTE MT. CRESTED BUTTE RURAL CRESTED BUTTE 30
January through June
2020
2021
% Change
4
6
50.0%
$888
$1,146
29.2%
236
211
-10.6%
Highest Price
$3,363,150
$3,944,000
17.3%
Average List Price
$2,915,000
$3,491,500
19.8%
Average Sale Price
$2,748,287
$3,369,833
22.6%
94.3%
96.5%
2.4%
$10,993,150
$20,219,000
83.9%
# of Properties Sold Average Price per Square Foot Average Days on Market
% Sold Price to List Price Total Dollar Volume
Single Family Homes
January through June
2020
2021
% Change
1
6
500.0%
$540
$587
8.8%
299
140
-53.2%
Highest Price
$2,100,000
$3,825,000
82.1%
Average List Price
$2,385,000
$2,995,000
25.6%
Average Sale Price
$2,100,000
$2,884,500
37.4%
88.1%
96.3%
9.4%
$2,100,000
$17,307,000
724.1%
# of Properties Sold Average Price per Square Foot
LIV SIR represented the seller for the highest priced sale in the Mt. Crested Butte for Q2 of 2021.
Average Days on Market
% Sold Price to List Price Total Dollar Volume
Single Family Homes
71.4% The average days on market in Rural Crested Butte decreased by 71.4% January through June 2021 compared to that of 2020.
January through June
2020
2021
% Change
1
8
700.0%
$1,242
$898
-27.7%
650
186
-71.4%
Highest Price
$5,000,000
$4,200,000
-16.0%
Average List Price
$9,995,000
$2,953,625
-70.4%
Average Sale Price
$5,000,000
$2,846,130
-43.1%
50.0%
96.4%
92.6%
$5,000,000
$22,769,040
355.4%
# of Properties Sold Average Price per Square Foot Average Days on Market
% Sold Price to List Price Total Dollar Volume
Single Family Homes
VAIL VALLEY LUXURY MARKET Known for its upscale lifestyle, world-class ski resorts, and stunning mountain scenery, the Vail Valley has been a favorite community for consumers seeking a luxury living experience in Colorado. Through June of this year, compared to the same time frame in 2020, the number of luxury listings sold within Eagle County, which makes up the Vail Valley, rose by 235.3%. Although average sales prices dipped slightly by 9.9%, the total dollar volume sold in this resort community still increased by 202.2%, totaling $626,908,795. This notable increase in luxury homebuying activity can be seen throughout many of the individual neighborhoods within the Vail Valley. In Lionshead, Beaver Creek, and Arrowhead, the number of luxury homes sold rose by 300% or more. The Town of Vail had the most luxury property sales through the first half of the year, with 47 listings sold. Arrowhead not only saw a significant increase in luxury property sales, but listings in this community also appreciated in price the most, rising by 53.5%, which made the average sale price for all property types $4,971,105 through June.
EAGLE COUNTY January through June
2020
2021
% Change
34
114
235.3%
$1,353
$1,341
-0.9%
339
222
-34.5%
$18,500,000
$34,000,000
83.8%
Average List Price
$6,740,265
$5,842,895
-13.3%
Average Sale Price
$6,101,665
$5,499,199
-9.9%
92.6%
94.9%
2.5%
$207,456,625
$626,908,795
202.2%
# of Properties Sold Average Price per Square Foot Average Days on Market Highest Price
% Sold Price to List Price Total Dollar Volume
The pace of the market in Vail Village increased through June of this year compared to the same period last year, with properties of all types selling 80.9% faster. Luxury listings in this iconic neighborhood remained on the market for an average of 110 days during January through June of 2021.
Based on $3,000,000+ sales in Eagle County. Based on information from Vail Board of Realtors®. This representation is based in whole or in part on data supplied by Vail Board of Realtors® on July 8, 2021. Vail Board of Realtors® does not guarantee nor is in any way responsible for its accuracy. Data maintained by Vail Board of Realtors® may not reflect all real estate activity in the market.
+ $3,000,000 Sales
31
January through June
2020
2021
% Change
2
9
350.0%
$555
$725
30.6%
208
110
-47.1%
Highest Price
$3,325,000
$10,605,750
219.0%
Average List Price
$3,397,500
$5,275,000
55.3%
Average Sale Price
$3,237,500
$4,971,105
53.5%
95.3%
94.5%
-0.8%
$6,475,000
$44,739,950
591.0%
ARROWHEAD
# of Properties Sold Average Price per Square Foot Average Days on Market
% Sold Price to List Price Total Dollar Volume
BACHELOR GULCH
Single Family Homes
45.2%
The average price per square foot in Bachelor Gulch increased by 45.2% January through June 2021 compared to that of 2020.
January through June
2020
2021
% Change
4
12
200.0%
$767
$1,114
45.2%
383
131
-65.8%
$9,500,000
$13,500,000
42.1%
Average List Price
$6,233,750
$7,079,583
13.6%
Average Sale Price
$5,793,750
$6,859,479
18.4%
92.7%
97.2%
4.9%
$23,175,000
$82,313,750
255.2%
# of Properties Sold Average Price per Square Foot Average Days on Market Highest Price
% Sold Price to List Price Total Dollar Volume
Single Family Homes
BEAVER CREEK
January through June
2020
2021
% Change
4
18
350.0%
$1,054
$1,060
0.6%
283
335
18.4%
$6,500,000
$10,950,000
68.5%
Average List Price
$5,858,750
$5,909,944
0.9%
Average Sale Price
$5,477,500
$5,603,555
2.3%
93.5%
95.6%
2.2%
$21,910,000
$100,864,000
360.4%
# of Properties Sold Average Price per Square Foot Average Days on Market Highest Price
% Sold Price to List Price Total Dollar Volume
Single Family Homes
32
January through June
2021
% Change
19
47
147.4%
$1,838
$2,042
11.1%
400
273
-31.8%
$18,500,000
$34,000,000
83.8%
Average List Price
$8,185,526
$6,491,319
-20.7%
Average Sale Price
$7,291,927
$6,052,799
-17.0%
91.8%
94.4%
2.9%
$138,546,625
$284,481,595
105.3%
# of Properties Sold Average Price per Square Foot Average Days on Market Highest Price
% Sold Price to List Price Total Dollar Volume
TOWN OF VAIL
2020
All Properties
January through June
2021
% Change
10
22
120.0%
$2,428
$2,701
11.2%
575
110
-80.9%
$18,500,000
$34,000,000
83.8%
Average List Price
$11,764,000
$7,707,455
-34.5%
Average Sale Price
$10,188,750
$7,230,170
-29.0%
87.0%
95.0%
9.2%
$101,887,500
$159,063,750
56.1%
# of Properties Sold Average Price per Square Foot Average Days on Market Highest Price
% Sold Price to List Price Total Dollar Volume
80.9%
The average days on market in Vail Village decreased by 80.9% January through June 2021 compared to that of 2020.
VAIL VILLAGE
2020
All Properties
January through June
2021
% Change
3
12
300.0%
$1,913
$1,802
-5.8%
158
409
158.9%
Highest Price
$4,250,000
$7,600,000
78.8%
Average List Price
$3,983,333
$5,302,417
33.1%
Average Sale Price
$3,900,000
$4,870,833
24.9%
98.2%
93.2%
-5.0%
$11,700,000
$58,450,000
399.6%
# of Properties Sold Average Price per Square Foot Average Days on Market
% Sold Price to List Price Total Dollar Volume
78.8%
The highest price in Lionshead increased by 78.8% January through June 2021 compared to that of 2020.
LIONSHEAD
2020
All Properties
33
VAIL GOLF COURSE SPRADDLE CREEK
January through June
MOUNTAIN STAR
January through June
34
2020
2021
% Change
No Sales
3
-
Average Price per Square Foot
-
$1,528
-
Average Days on Market
-
277
-
Highest Price
-
$8,200,000
-
Average List Price
-
$5,581,667
-
Average Sale Price
-
$5,315,000
-
% Sold Price to List Price
-
93.3%
-
Total Dollar Volume
-
$15,645,000
# of Properties Sold
All Properties
2020
2021
% Change
No Sales
1
-
Average Price per Square Foot
-
$1,078
-
Average Days on Market
-
650
-
Highest Price
-
$8,100,000
-
Average List Price
-
$9,999,000
-
Average Sale Price
-
$8,100,000
-
% Sold Price to List Price
-
81.0%
-
Total Dollar Volume
-
$8,100,000
# of Properties Sold
All Properties
January through June
2020
2021
% Change
No Sales
3
-
Average Price per Square Foot
-
$592
-
Average Days on Market
-
625
-
Highest Price
-
$6,250,000
-
Average List Price
-
$5,580,000
-
Average Sale Price
-
$5,290,833
-
% Sold Price to List Price
-
95.0%
-
Total Dollar Volume
-
$15,872,500
-
# of Properties Sold
TELLURIDE LUXURY MARKET In Telluride you’ll find incredible views, a community with a rich history, and gorgeous luxury homes that help residents create a life they truly love. In San Miguel County, which is home to Telluride and its surrounding communities, the luxury real estate market saw an impressive 104% increase in the number of homes sold through June compared to the same time frame in 2020. Together, the rise in luxury property sales and the 25% increase in average sale price resulted in a 153% boost in total dollar volume sold through the first half of the year. The Mountain Village community experienced the most notable increase in the number of luxury homes sold through June of this year, growing by an impressive 271%, from seven homes sold through Q2 of last year to 26 homes sold through Q2 in 2021.
SAN MIGUEL COUNTY January through June # of Properties Sold Average Price per Square Foot Average Days on Market
2020
2021
% Change
28
57
103.6%
$1,316
$1,234
-6.2%
399
411
3.0%
In the Surrounding Mesas community, which includes Highest Price $11,200,000 $39,500,000 252.7% Deep Creek Mesa, Hastings Mesa, Iron Springs/ Average List Price $5,051,211 $5,928,105 17.4% Horsefly Mesa, Sepcie Mesa, Turkey Creek Mesa, and Average Sold Price $4,694,077 $5,845,333 24.5% Wilson Mesa, the highest price sold saw a 337% jump % Sold Price to List Price 94.5% 102.0% 7.9% from last year. This increase can be attributed to an Total Dollar Volume $131,434,150 $333,184,000 153.5% amazing $39,500,000 sale which was represented by a LIV Sotheby’s International Realty broker. This significant sale also contributed to the 41% increase in average sale price for luxury homes in the area. In the nearby Town of Telluride, average sale prices also appreciated, increasing by 12%, which brings the average sale price for luxury homes in this community to $5,253,462.
Based on sales $3,000,000+ and information from flexmls/Telluride Association of Realtors®. This representation is based in whole or in part on data supplied by Telluride Association of Realtors® on July 8, 2021. Telluride Association of Realtors® does not guarantee nor is in any way responsible for its accuracy. Data maintained by Telluride Association of Realtors® may not reflect all real estate activity in the market.does not guarantee nor is in any way responsible for its accuracy. Data maintained by REColorado may not reflect all real estate activity in the market.
+ $3,000,000 Sales
35
The average price per square foot in the Town of Telluride increased by 45.7% January through June 2021 compared to that of 2020.
SURROUNDING MESAS 36
2020
2021
% Change
21
13
-38.1%
$1,456
$2,121
45.7%
485
205
-57.7%
$11,200,000
$9,550,000
-14.7%
Average List Price
$5,127,952
$5,049,615
-1.5%
Average Sold Price
$4,698,440
$5,253,462
11.8%
93.5%
118.0%
26.2%
$98,667,250
$68,295,000
-30.8%
# of Properties Sold Average Price per Square Foot Average Days on Market Highest Price
% Sold Price to List Price Total Dollar Volume
All Properties
MOUNTAIN VILLAGE
TOWN OF TELLURIDE
45.7%
January through June
January through June
2020
2021
% Change
7
26
271.4%
$897
$901
0.4%
140
459
227.9%
Highest Price
$7,669,000
$8,100,000
5.6%
Average List Price
$4,820,986
$5,456,308
13.2%
Average Sold Price
$4,680,986
$5,282,558
12.9%
97.2%
97.5%
0.3%
$32,766,900
$137,346,500
# of Properties Sold Average Price per Square Foot Average Days on Market
% Sold Price to List Price Total Dollar Volume
319.2% All Properties
336.9%
January through June
2020
2021
% Change
27
15
-44.4%
$789
$1,053
33.5%
361
373
3.3%
Highest Price
$9,040,000
$39,500,000
336.9%
Average List Price
$4,584,652
$7,046,533
53.7%
The highest price in the surrounding mesas increased by 336.9% January through June 2021 compared to that of 2020.
Average Sold Price
$4,879,215
$6,899,500
41.4%
87.2%
97.2%
11.5%
$21,883,375
$103,492,500
372.9%
# of Properties Sold Average Price per Square Foot Average Days on Market
% Sold Price to List Price Total Dollar Volume
Deep Creek Mesa, Hastings Mea, Iron Springs/Horsefly Mesa, Specie Mesa, Sunshine Mesa, Turkey Creek Mesa, Wilson Mesa
37