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 9.2% increase in the number of luxury properties sold and a 1.2% increase in the average sold price in 2022 compared to last year. The combination of these increases resulted in a 10.4% increase in the total dollar volume sold within the luxury sector of the market.

Out of the eight luxury neighborhoods within the South Metro community, The Village at Castle Pines saw the most luxury home sales. Here, there were 98 homes sold.

Luxury homes within the Heritage Estates neighborhood appreciated in price the most this year. Here, luxury homes sold for an average price of $2,305,689, a 31.1% increase from January through December of last year when the average price was $1,759,000. This drastic price increase is influenced by an impressive sale that closed for $3,094,824 earlier this year.

Heritage Hills proved to be a very popular community in the eyes of consumers. Homes in this neighborhood saw a 46.9% decrease in average days on market, with most homes staying on the market for an average of just 17 days.

16.0%

The average sales price in Falcon Hills increased by 16.0% in 2022 compared to that of 2021.

HERITAGE ESTATES

62.7% The average number of days on market in Heritage Estates decreased by 62.7% in 2022 compared to that of 2021.

12.8%

The total dollar volume in Keene Ranch increased by 12.8% in 2022 compared to that of 2021.

25.6%

The average price per square foot in Ravenna increased by 25.6% in 2022 compared to that of 2021.

The average number of days on market in Spirit Ridge decreased by 95.0% in 2022 compared to that of 2021.