COLORADO RESIDENTIAL LUXURY REPORT Mid-Year 2020
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RESIDENTIAL LUXURY REPORT INTRODUCTION
Due to heavy restrictions on real estate activity during the COVID-19 pandemic, real estate activity was slower than normal throughout the spring. Although homebuying was impeded for much of March and April, consumers’ determination to continue their real estate journeys resulted in a boom of buying and selling in the delayed spring market. In analyzing luxury real estate metrics throughout various Colorado communities, it is clear that the markets are still thriving, even during these unprecedented times. 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 report measures the performance of luxury real estate markets in some of Colorado’s most popular communities including single family homes and condos for Denver Metro ($1 million+), the Foothills ($1 million+), Boulder ($1 million+), the Vail Valley ($3 million+), Summit County ($2 million+), Crested Butte ($2 million+), and Telluride ($3 million+).
P.
03
P.
Denver Metro
12
South Metro
$1 million+
17
$2 million+
2
20
Vail Valley $3 million+
$1 million+
Summit County
$1 million+
P.
Boulder
23
15
Foothills
$1 million+
P.
P.
P.
P.
25
Crested Butte
Pictured on cover: 600 Chateau V Road, Evergreen
$2 million+
P.
27
Telluride $3 million+
coloradomarketreports.com
21 S Kearney Street, Denver
DENVER METRO LUXURY MARKET Earlier this year, when social distancing mandates severely limited real estate activity, the six counties across Denver Metro saw sharp, but brief, declines in homebuying and selling. Across all counties (Adams, Arapahoe, Broomfield, Denver, Douglas, and Jefferson) there was a 14.6% decrease in the number of properties sold. However, homebuyers are making up for lost time in the delayed spring market by quickly purchasing available inventory. During the month of June, pending sales not only increased by 7.2% from the previous month, but grew an impressive 18.8% from the same month in 2019. This momentum in the marketplace shows how eager homebuyers are to re-engage with Denver Metro real estate.
DENVER METRO
Even amidst the slower months of the spring, several communities throughout Denver Metro saw success. Bow Mar/Bow Mar South performed especially well through Q2 in 2020. In a comparison between January through June of this year to the same time period last year, the number of luxury properties sold in this area grew by 80%, from five listings sold in 2019 to nine listings sold in 2020. This increase led to a 15.5% jump in the total dollar volume sold in the Bow Mar/Bow Mar South neighborhood. Other communities that experienced rises in sold luxury homes include Ken-Caryl North Ranch (+50%) and Bonnie Brae/Belcaro (+15.4%).
January through June
2019
2020
% Change
# of Properties Sold
1,030
880
-14.6%
Average Price per Square Foot
$458
$465
1.4%
58
57
-1.7%
$10,750,000
$6,620,000
-38.4%
Average List Price
$1,597,438
$1,535,911
-3.9%
Average Sale Price
$1,549,882
$1,490,302
-3.8%
95.7%
95.9%
0.1%
$1,597,678,024
$1,311,465,640
-17.9%
Average Days on Market Highest Price
% Sold Price to List Price Total Dollar Volume
Counties: Adams, Arapahoe, Boulder, Broomfield, Denver, Douglas, Jefferson
Of the communities within Denver Metro, luxury homes in the County Club neighborhood saw the greatest increase in average sale price. Listings in this area increased from $2,663,870 through June of 2019 to $3,095,000 through June in 2020, a 16.2%
difference. Based on $1,000,000+ sales in Adams, Arapahoe, Broomfield, Denver, Douglas, and Jefferson Counties. Based on information from REColorado. This representation is based in whole or in part on data supplied by REColorado. 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.
RESIDENTIAL LUXURY REPORT + $1,000,000 Sales
JANUARY - JUNE 2020 • COLORADOMARKETREPORTS.COM
CITY OF DENVER January through June
2019
2020
% Change
488
392
-19.7%
and walkable place to live.
$531
$531
0.0%
Within just a one-mile radius,
47
48
2.1%
there are three sports
$10,750,000
$4,625,000
-57.0%
stadiums, the country’s
Average List Price
$1,635,158
$1,531,704
-6.3%
second largest performing
Average Sale Price
$1,593,368
$1,489,652
-6.5%
arts complex, a river offering
96.3%
96.3%
-0.1%
whitewater rafting, and so
$778,863,574
$583,943,618
-25.0%
Number of Properties Sold Average Price per Square Foot Average Days on Market Highest Price
% Sold Price to List Price Total Dollar Volume
Denver is a definitive, exciting
much more!
Boundaries: City of Denver
BACKCOUNTRY January through June
BackCountry is just 12
Number of Properties Sold
miles south of Denver
Average Price per Square Foot
which puts residents
Average Days on Market
2019
2020
% Change
35
19
-45.7%
$368
$381
3.4%
21
61
190.5%
close to the Highlands
Highest Price
$4,595,032
$2,986,405
-35.0%
Ranch business parks,
Average List Price
$1,501,559
$1,386,255
-7.7%
Denver Tech Center, and
Average Sale Price
$1,472,102
$1,369,691
-7.0%
96.7%
95.3%
-1.5%
$87,106,838
$27,199,124
-68.8%
Inverness.
% Sold Price to List Price Total Dollar Volume
Boundaries: South of Wildcat Reserve Pkwy; East of Weathersfield Way, West of Red Sun Ct
BONNIE BRAE/BELCARO January through June
2019
2020
% Change
13
15
15.4%
$537
$514
-4.2%
LIV SIR represented the
63
43
-31.7%
buyer for the highest
$2,400,000
$2,675,000
11.5%
priced sale in Bonnie Brae/
Average List Price
$1,672,692
$1,432,200
-14.4%
Belcaro for 2020.
Average Sale Price
$1,639,977
$1,389,500
-15.3%
94.2%
94.7%
0.5%
$21,319,696
$20,842,500
-2.2%
Number of Properties Sold Average Price per Square Foot Average Days on Market Highest Price
% Sold Price to List Price Total Dollar Volume
Boundaries: Mississippi to Cherry Creek Drive South; University to Colorado
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BOW MAR/BOW MAR SOUTH January through June
2019
2020
% Change
5
9
80.0%
$546
$547
0.0%
118
33
-72.0%
Highest Price
$3,250,000
$2,285,000
-29.7%
Average List Price
$2,609,800
$1,635,000
-37.4%
Average Sale Price
$2,447,102
$1,570,833
-35.8%
91.5%
95.6%
4.5%
$12,235,511
$14,137,500
15.5%
Number of Properties Sold
LIV SIR represented the
Average Price per Square Foot
seller for the highest
Average Days on Market
priced sale in Bow Mar/ Bow Mar South for 2020.
% Sold Price to List Price Total Dollar Volume
Boundaries: West Quincy Avenue to West Bowles Avenue
THE VILLAGE AT CASTLE PINES January through June
2019
2020
% Change
46
31
-32.6%
$428
$461
7.7%
71
82
15.5%
Highest Price
$2,675,000
$3,266,716
22.1%
Average List Price
$1,569,344
$1,595,318
1.7%
Average Sale Price
$1,510,727
$1,519,604
0.6%
97.1%
94.8%
-2.4%
$69,493,425
$47,107,729
-32.2%
Number 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 The Village at Castle Pines for 2020.
Boundaries: US 85 & Copper Blush to Northwood; Daniels Park to Gate 5, Country Club to I-25
CHERRY CREEK NORTH January through June
2019
2020
% Change
53
28
-47.2%
$744
$591
-20.6%
49
77
57.1%
Highest Price
$6,742,620
$2,575,000
-61.8%
most prestigious zip codes
Average List Price
$1,826,943
$1,524,349
-16.6%
in Denver.
Average Sale Price
$1,811,576
$1,473,115
-18.7%
97.7%
95.0%
-2.8%
$96,013,514
$41,247,228
-57.0%
Number of Properties Sold
Cherry Creek North is
Average Price per Square Foot
a walkable, mixed-use
Average Days on Market
community in one of the
% Sold Price to List Price Total Dollar Volume
Boundaries: York to Colorado; 1st Avenue to 6th Avenue
RESIDENTIAL LUXURY REPORT + $1,000,000 Sales
JANUARY - JUNE 2020 • COLORADOMARKETREPORTS.COM
CHERRY HILLS VILLAGE January through June
2019
2020
% Change
28
20
-28.6%
$484
$511
5.6%
70
67
-4.3%
Highest Price
$8,200,000
$6,620,000
-19.3%
Average List Price
$2,932,964
$3,172,450
8.2%
Average Sale Price
$2,788,214
$3,025,250
8.5%
91.9%
95.3%
3.7%
$78,070,000
$60,505,000
-22.5%
Number 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 Cherry Hills Village for 2020.
(Over 1 Acre) Boundaries: Hampden to Belleview; Clarkson to Happy Canyon Road and Charlou
CHERRY HILLS VILLAGE
45.7%
January through June Number of Properties Sold Average Price per Square Foot Average Days on Market
2019
2020
% Change
31
23
-25.8%
$463
$450
-2.7%
35
19
-45.7%
$3,689,000
$2,750,000
-25.5%
The average days on market for luxury properties
Highest Price
within the neighborhood of Cherry Hills Village
Average List Price
$2,037,677
$1,698,261
-16.7%
(under 1 acre) decreased by 45.7% January
Average Sale Price
$1,989,387
$1,662,688
-16.4%
through June 2020 compared to that of 2019.
% Sold Price to List Price
95.3%
96.7%
1.4%
$61,670,000
$38,241,820
-38.0%
Total Dollar Volume
(Under 1 Acre) Boundaries: Hampden to Belleview; Clarkson to Happy Canyon Road and Charlou
COLUMBINE VALLEY January through June
35.8%
2019
2020
% Change
12
11
-8.3%
$436
$480
9.9%
68
59
-13.2%
Highest Price
$2,725,000
$3,700,000
35.8%
The highest price sale for luxury properties within
Average List Price
$1,635,942
$1,749,727
7.0%
the neighborhood of Columbine Valley increased
Average Sale Price
$1,570,212
$1,754,895
11.8%
by 35.8% January through June 2020 compared
96.8%
100.1%
3.5%
to that of 2019.
$18,842,540
$19,303,844
2.4%
Number of Properties Sold Average Price per Square Foot Average Days on Market
% Sold Price to List Price Total Dollar Volume
Boundaries: South Polo Ridge Drive to West Bowles; Platte Canyon Road to South Platte River
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COUNTRY CLUB
16.2%
January through June Number of Properties Sold Average Price per Square Foot Average Days on Market
2019
2020
% Change
10
4
-60.0%
$677
$712
5.2%
43
37
-14.0%
The average sold price for luxury properties within
Highest Price
$3,240,000
$4,625,000
42.7%
the neighborhood of Country Club increased by
Average List Price
$2,729,580
$3,531,250
29.4%
16.2% January through June 2020 compared to
Average Sale Price
$2,663,870
$3,095,000
16.2%
that of 2019.
% Sold Price to List Price
95.2%
87.9%
-7.7%
$26,638,697
$12,380,000
-53.5%
Total Dollar Volume
Boundaries: University to Downing 1st - 4th; Race to University 4th - 6th
CRESTMOOR January through June
33.3%
2019
2020
% Change
10
10
0.0%
$543
$529
-2.7%
24
16
-33.3%
Highest Price
$3,235,000
$2,400,000
-25.8%
The average days on market for luxury
Average List Price
$2,091,300
$1,648,100
-21.2%
properties within the neighborhood of Crestmoor
Average Sale Price
$2,032,914
$1,609,700
-20.8%
decreased by 33.3% January through June
97.7%
98.0%
0.3%
2020 compared to that of 2019.
$20,329,138
$16,097,000
-20.8%
Number of Properties Sold Average Price per Square Foot Average Days on Market
% Sold Price to List Price Total Dollar Volume Boundaries: Holly to Monaco; Bayaud to 6th Avenue
GREENWOOD VILLAGE EAST
3.6%
January through June Number of Properties Sold Average Price per Square Foot Average Days on Market
2019
2020
% Change
17
11
-35.3%
$412
$369
-10.5%
69
53
-23.2%
$1,995,000
$1,950,000
-2.3%
The average list price within the neighborhood
Highest Price
of Greenwood Village East increased by 3.6%
Average List Price
$1,405,163
$1,456,000
3.6%
January through June 2020 compared to that
Average Sale Price
$1,407,501
$1,404,955
-0.2%
of 2019.
% Sold Price to List Price
97.6%
94.4%
-3.3%
$23,927,524
$15,454,000
-35.4%
Total Dollar Volume
Boundaries: I-25 to Havana; Belleview to Orchard
RESIDENTIAL LUXURY REPORT + $1,000,000 Sales
JANUARY - JUNE 2020 • COLORADOMARKETREPORTS.COM
GREENWOOD VILLAGE WEST January through June
2.7%
2019
2020
% Change
21
20
-4.8%
$398
$408
2.7%
34
23
-32.4%
$2,850,000
$2,600,000
-8.8%
The average price per square foot for luxury properties
Average List Price
$1,935,429
$1,660,850
-14.2%
within the neighborhood of Greenwood Village West
Average Sale Price
$1,867,387
$1,599,650
-14.3%
(under 1 acre) increased by 2.7% January through
95.0%
95.4%
0.5%
June 2020 compared to that of 2019.
$39,215,130
$31,993,000
-18.4%
Number 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
46.1%
The average days on market for luxury properties within the neighborhood of Greenwood Village West (over 1 acre) decreased by 46.1% January through June 2020 compared to that of 2019.
GREENWOOD VILLAGE WEST January through June
2019
2020
% Change
6
2
-66.7%
$392
$583
48.8%
76
41
-46.1%
$3,300,000
$2,820,000
-14.5%
Average List Price
$1,988,167
$2,250,000
13.2%
Average Sale Price
$1,892,667
$2,160,000
14.1%
93.8%
90.3%
-3.7%
$11,356,000
$4,320,000
-62.0%
Number 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: Orchard to Belleview; Clarkson to I-25
HILLTOP January through June
2019
2020
% Change
41
21
-48.8%
$436
$516
18.4%
38
64
68.4%
$3,250,000
$3,275,000
0.8%
Average List Price
$1,691,877
$1,927,762
13.9%
Average Sale Price
$1,631,470
$1,855,359
13.7%
94.5%
93.0%
-1.6%
$66,890,267
$38,962,536
-41.8%
Number of Properties Sold Average Price per Square Foot Average Days on Market Highest Price
% Sold Price to List Price Total Dollar Volume
13.9%
The average list price for luxury properties within the neighborhood of Hilltop increased by 13.9% January through June 2020 compared to that of 2019.
Boundaries: Alameda to 6th; Colorado to Holly
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HUNTINGTON TRAILS/LEXINGTON
The Huntington Trails/
January through June
2019
2020
% Change
No Sales
4
-
Average Price per Square Foot
-
$367
-
Average Days on Market
-
12
-
Highest Price
-
1,600,000
-
makes for a great spot for
Average List Price
-
1,499,750
-
those looking to relocate
Average Sale Price
-
1,448,750
-
% Sold Price to List Price
-
"95.83%
"
Total Dollar Volume
-
$5,795,000
-
Lexington area is located
Number of Properties Sold
in the community of Westminster. With a 15 minute commute to both Denver and Boulder, it
to the area.
Boundaries: Lexington Place to 144th Avenue; McKay Lake to Huron Street
KEENE RANCH January through June
76.2%
2019
2020
% Change
5
2
-60.0%
$351
$350
-0.2%
84
20
-76.2%
Highest Price
$1,500,000
$1,220,000
-18.7%
The average days on market for luxury properties
Average List Price
$1,273,000
$1,292,500
1.5%
within the neighborhood of Keene Ranch
Average Sale Price
$1,235,300
$1,180,000
-4.5%
decreased by 76.2% January through June 2020
92.5%
91.3%
-1.3%
compared to that of 2019.
$6,176,500
$2,360,000
-61.8%
Number of Properties Sold Average Price per Square Foot Average Days on Market
% Sold Price to List Price Total Dollar Volume
Boundaries: South Butte Circle to Castle Butte Drive; South Peak View Drive to West Tomah Road
KEN-CARYL NORTH RANCH January through June
2019
2020
% Change
2
3
50.0%
$303
$320
5.7%
16
59
268.8%
Highest Price
$1,337,500
$1,176,500
-12.0%
by beautiful views and
Average List Price
$1,219,500
$1,176,333
-3.5%
extraordinary wildlife.
Average Sale Price
$1,198,750
$1,143,833
-4.6%
98.4%
96.5%
-2.0%
$2,397,500
$3,431,500
43.1%
Number of Properties Sold Average Price per Square Foot
Situated among the foothills, Ken-Caryl is surrounded
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
RESIDENTIAL LUXURY REPORT + $1,000,000 Sales
JANUARY - JUNE 2020 • COLORADOMARKETREPORTS.COM
MAYFAIR/MONTCLAIR January through June
2019
2020
% Change
14
13
-7.1%
$441
$473
7.2%
34
50
47.1%
Highest Price
$1,820,000
$2,372,000
30.3%
Average List Price
$1,299,286
$1,325,308
2.0%
Average Sale Price
$1,291,732
$1,334,154
3.3%
97.1%
101.3%
4.3%
$18,084,250
$17,344,000
-4.1%
Number of Properties Sold Average Price per Square Foot Average Days on Market
% Sold Price to List Price Total Dollar Volume
30.3%
The highest price sale for luxury properties within the area of Mayfair/Montclair increased by 30.3% January through June 2020 compared to that of 2019.
Boundaries: Colorado to Quebec; 6th to Colfax
OBSERVATORY PARK January through June
8.2%
2019
2020
% Change
31
18
-41.9%
$451
$479
6.2%
52
44
-15.4%
$2,825,000
$2,870,000
1.6%
Average List Price
$1,676,542
$1,806,161
7.7%
Average Sale Price
$1,622,738
$1,756,333
8.2%
95.0%
96.4%
1.5%
$50,304,890
$31,614,000
-37.2%
Number of Properties Sold Average Price per Square Foot Average Days on Market
The average sale price for luxury properties within the neighborhood of Observatory Park increased by 8.2% January through June 2020 compared to that of 2019.
Highest Price
% Sold Price to List Price Total Dollar Volume
Boundaries: University to Colorado; Evans to Yale
POLO RESERVE January through June
2019
2020
% Change
No Sales
2
-
Average Price per Square Foot
-
$385
-
Average Days on Market
-
91
-
Highest Price
-
$3,700,000
-
Average List Price
-
$2,574,500
-
Average Sale Price
-
$2,550,000
-
% Sold Price to List Price
-
96.7%
-
Total Dollar Volume
-
$5,100,000
-
Number of Properties Sold
Polo Reserve is a community located in a picturesque, gated, and secluded community next to Cooley Lake and Columbine Polo Club.
Boundaries: North of Mineral; South of Arabian Place; West of the S Platte River; East of S. Platte Canyon Road
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SPRUCE MEADOWS January through June Number of Properties Sold
Tucked in a private corner of Broomfield you’ll find
Average Price per Square Foot
Spruce Meadows where
Average Days on Market Highest Price
the Colorado prairie
2019
2020
% Change
3
3
-
$457
$462
1.2%
34
121
255.9%
$2,425,000
$3,500,000
44.3%
reaches out to embrace
Average List Price
$2,131,333
$2,336,558
9.6%
the Rocky Mountains.
Average Sale Price
$2,075,000
$2,320,822
11.8%
97.25%
95.79%
-1.5%
$6,225,000
$6,962,467
11.8%
% Sold Price to List Price Total Dollar Volume
Boundaries: Federal Blvd to Zuni Street; High Prairie Way to 156th Avenue
WASHINGTON PARK EAST/CENTRAL January through June
2019
2020
% Change
51
45
-11.8%
$593
$643
8.4%
31
41
32.3%
$3,650,000
$3,425,000
-6.2%
The average price per square foot for luxury properties
Average List Price
$1,661,710
$1,812,869
9.1%
within the area of Washington Park East/Central
Average Sale Price
$1,634,052
$1,744,462
6.8%
increased by 8.4% January through June 2020
96.0%
95.5%
-0.5%
compared to that of 2019.
$84,970,717
$78,500,800
-7.6%
Number of Properties Sold Average Price per Square Foot Average Days on Market Highest Price
% Sold Price to List Price Total Dollar Volume
8.4%
Boundaries: Louisiana to Ellsworth, Ogden to University
RESIDENTIAL LUXURY REPORT + $1,000,000 Sales
JANUARY - JUNE 2020 • COLORADOMARKETREPORTS.COM
2860 E Willamette Lane, Greenwood Village
SOUTH METRO LUXURY MARKET The thriving South Metro luxury market is home to some of Colorado’s most popular neighborhoods. Due to the area’s constant growth and development, this community showed much resilience throughout the COVID-19 pandemic. Out of the five luxury neighborhoods within the South Metro community, Falcon Hills saw the largest increase in the number of luxury homes sold. This area experienced a 66.7% rise in luxury home sales, growing from three properties sold through June of 2019 to five properties sold through June in 2020. Falcon Hills’ increase in buying activity boosted the total dollar volume sold in the area by 118.8%, bringing the total dollar volume sold to $7,200,000 so far for 2020.
DOUGLAS COUNTY January through June
2019
2020
% Change
232
188
-19.0%
$394
$412
4.5%
69
79
14.5%
Highest Price
$4,595,032
$4,115,000
-10.4%
Average List Price
$1,464,076
$1,476,374
0.8%
Average Sale Price
$1,417,797
$1,438,507
1.5%
95.85%
96.01%
0.2%
$328,928,913
$270,439,389
-17.8%
Number of Properties Sold Average Price per Square Foot Average Days on Market
% Sold Price to List Price Total Dollar Volume
Ravenna, another luxury community within the area, also saw a rise in the number of luxury homes sales, growing from nine sales through Q2 in 2019 to 11 sales for the same time frame of 2020, a 22.2% increase.
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 by REColorado. 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.
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FALCON HILLS January through June
2019
2020
% Change
3
5
66.7%
$236
$325
37.8%
110
6
-94.5%
$1,170,000
$1,605,000
37.2%
Average List Price
$1,121,667
$1,456,800
29.9%
Average Sale Price
$1,096,667
$1,440,000
31.3%
93.1%
98.8%
6.1%
$3,290,000
$7,200,000
118.8%
Number of Properties Sold Average Price per Square Foot
LIV SIR represented the
Average Days on Market
buyer for the highest
Highest Price
priced sale in Falcon Hills for 2020.
% Sold Price to List Price Total Dollar Volume
HERITAGE ESTATES January through June
2019
2020
% Change
3
1
-66.7%
$406
$309
-24.0%
Heritage Estates is a
17
98
476.5%
community located in
Highest Price
$2,175,000
$1,700,000
-21.8%
Lone Tree and built around
Average List Price
$1,883,333
$1,700,000
-9.7%
the fairways of the Lone
Average Sale Price
$1,830,000
$1,700,000
-7.1%
Tree Golf Course.
97.2%
97.1%
-0.1%
$5,490,000
$1,700,000
-69.0%
Number of Properties Sold Average Price per Square Foot Average Days on Market
% Sold Price to List Price Total Dollar Volume
HERITAGE HILLS
9.4% The highest price sale for luxury properties within the neighborhood of Heritage Hills increased by 9.4% January through June 2020 compared to that of 2019.
January through June
2019
2020
% Change
18
10
-44.4%
$369
$408
10.7%
27
50
85.2%
Highest Price
$1,819,268
$1,989,428
9.4%
Average List Price
$1,377,246
$1,385,026
0.6%
Average Sale Price
$1,360,113
$1,388,331
2.1%
97.9%
98.6%
0.7%
$24,482,030
$13,883,305
-43.3%
Number of Properties Sold Average Price per Square Foot Average Days on Market
% Sold Price to List Price Total Dollar Volume
RESIDENTIAL LUXURY REPORT + $1,000,000 Sales
JANUARY - JUNE 2020 • COLORADOMARKETREPORTS.COM
RAVENNA January through June
2019
2020
% Change
9
11
22.2%
$629
$703
11.8%
116
142
22.4%
$2,350,000
$3,047,125
29.7%
The the number of luxury properties sold within
Average List Price
$1,811,444
$2,027,593
11.9%
the neighborhood of Ravenna increased by 22.2%
Average Sale Price
$1,758,513
$1,976,247
12.4%
January through June 2020 compared to that of 2019.
96.1%
101.4%
5.5%
$15,826,620
$21,738,721
37.4%
Number of Properties Sold Average Price per Square Foot Average Days on Market Highest Price
% Sold Price to List Price Total Dollar Volume
22.2%
Boundaries: Colorado to Quebec; 6th to Colfax
SPIRIT RIDGE
46.5%
The highest price sale for luxury properties within the neighborhood of Spirit Ridge increased by 46.5% January through June 2020 compared to that of 2019.
January through June
2019
2020
% Change
6
5
-16.7%
$316
$310
-2.0%
96
115
19.8%
$1,280,000
$1,875,744
46.5%
Average List Price
$1,197,200
$1,412,860
18.0%
Average Sale Price
$1,129,700
$1,326,669
17.4%
91.3%
93.6%
2.5%
$5,648,500
$6,633,344
17.4%
Number of Properties Sold Average Price per Square Foot Average Days on Market Highest Price
% Sold Price to List Price Total Dollar Volume
Boundaries: University to Colorado; Evans to Yale
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coloradomarketreports.com
11153 Beatrice Court, Littleton
FOOTHILLS LUXURY MARKET Despite the real estate slowdown caused by COVID-19 in the spring, Jefferson County’s Foothills community saw growth throughout its luxury real estate market. As a whole, the number of luxury listings sold through June in 2020, compared to the same time period in 2019, grew by 2.3%. As a result, the total dollar volume also increased by 7.1%, bringing the total dollar volume sold to $187,441,658 so far this year.
JEFFERSON COUNTY
January through June
2019
2020
% Change
Out of the six luxury neighborhoods within Number of Properties Sold 133 136 2.3% the Foothills, Soda Creek and Spring Ranch Average Price per Square Foot $366 $407 10.9% saw the most notables increases in the Average Days on Market 69 63 -8.7% number of luxury listings sold and the total Highest Price $3,250,000 $3,300,000 1.5% dollar volume sold. Both communities saw Average List Price $1,361,784 $1,436,556 5.5% a 200% increase in the number of luxury Average Sale Price $1,316,459 $1,378,247 4.7% properties sold through June of this year % Sold Price to List Price 94.9% 94.7% -0.2% compared to the same time period in 2019. Total Dollar Volume $175,089,009 $187,441,658 7.1% In regard to the total dollar volume sold, Soda Creek experienced an impressive 379% increase, from $2,360,000 in sales through Q2 in 2019 to $11,312,000 through Q2 in 2020. Total dollar volume in Spring Ranch grew from $2,000,000 to $4,544,000 during the same time frame, a 127.2% increase.
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 by REColorado. 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.
RESIDENTIAL LUXURY REPORT + $1,000,000 Sales
JANUARY - JUNE 2020 • COLORADOMARKETREPORTS.COM
GENESEE January through June
25.4%
2019
2020
% Change
9
6
-33.3%
$378
$474
25.4%
115
34
-70.4%
Highest Price
$2,150,000
$3,100,000
44.2%
The average price per square foot for luxury
Average List Price
$1,468,667
$1,643,000
11.9%
properties within the area of Genesee increased
Average Sale Price
$1,409,722
$1,556,667
10.4%
by 25.4% January through June 2020 compared
93.1%
92.8%
-0.4%
to that of 2019.
$12,687,000
$9,340,000
-26.4%
Number of Properties Sold Average Price per Square Foot Average Days on Market
% Sold Price to List Price Total Dollar Volume
RIDGE AT HIWAN January through June
2019
2020
% Change
10
5
-50.0%
$329
$332
0.8%
15
47
213.3%
Highest Price
$1,450,000
$1,310,000
-9.7%
Average List Price
$1,213,200
$1,245,800
2.7%
Average Sale Price
$1,193,779
$1,193,000
-0.1%
97.6%
93.8%
-3.9%
$11,937,785
$5,965,000
-50.0%
Number of Properties Sold
LIV SIR represented the
Average Price per Square Foot
seller for the highest
Average Days on Market
priced sale in Ridge at Hiwan for 2020.
% Sold Price to List Price Total Dollar Volume
SODA CREEK January through June
2019
2020
% Change
2
6
200.0%
$392
$430
9.6%
109
136
24.8%
Highest Price
$1,305,000
$3,300,000
152.9%
Average List Price
$1,275,000
$2,029,833
59.2%
Average Sale Price
$1,180,000
$1,885,333
59.8%
89.4%
92.5%
3.5%
$2,360,000
$11,312,000
379.3%
Number of Properties Sold Average Price per Square Foot Average Days on Market
% Sold Price to List Price Total Dollar Volume
January through June
Located in Golden, you’re able to enjoy world-class outdoor recreation, cultural attractions, local charm, and the famous Coors Brewery.
The average sale price for luxury properties within the neighborhood of Soda Creek increased by 59.8% January through June 2020 compared to that of 2019.
SPRING RANCH 2019
2020
% Change
1
3
200.0%
$551
$423
-23.2%
40
18
-55.0%
Highest Price
$2,000,000
$1,675,000
-16.3%
Average List Price
$2,000,000
$1,520,833
-24.0%
Average Sale Price
$2,000,000
$1,514,667
-24.3%
100.0%
98.3%
-1.7%
$2,000,000
$4,544,000
127.2%
Number of Properties Sold Average Price per Square Foot Average Days on Market
% Sold Price to List Price Total Dollar Volume
16
59.8%
coloradomarketreports.com
1010 Rosehill Drive, Boulder
BOULDER LUXURY MARKET Although there were restrictions placed on real estate activity to ensure the healthy and safety of consumers during the spring, Boulder’s luxury real estate market saw positive growth. Overall the average sold price for luxury homes within Boulder County increased by 1%, bringing the average sold price for luxury listings in the area to $1,653,875. Downtown Boulder experienced one of the largest increases in both the number of luxury properties sold and total dollar volume sold. This lively community saw a 37.5% increase in luxury homes sold, growing from eight homes sold through June in 2019 to 11 homes sold through June in 2020. The total dollar volume in this area reached $17,280,247 through Q2 of this year, a 13.8% rise from the same time period of 2019.
BOULDER COUNTY
January through June Number of Properties Sold Average Price per Square Foot Average Days on Market Highest Price Average Sale Price % Sold Price to List Price Total Dollar Volume
2019
2020
% Change
300
262
-12.7%
$289
$294
1.7%
97
99
2.1%
$5,149,900.00
$8,000,000.00
55.3%
$1,638,465
$1,653,875
0.9%
97.6%
96.7%
-0.9%
$491,539,387
$433,315,223
-11.8%
Average sold prices in the Boulder County Plains rose by 1.6%. The average sold price for luxury homes in these communities which include Niwot, Somerset Meadows, White Hawk Ranch, Fairview Estates, Paragon Estates, and Spanish Hills, was $1,605,850 through June of this year.
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 9th, 2020. 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.
RESIDENTIAL LUXURY REPORT + $1,000,000 Sales
JANUARY - JUNE 2020 • COLORADOMARKETREPORTS.COM
CITY OF BOULDER January through June Number of Properties Sold Average Price per Square Foot Average Days on Market Highest Price Average Sale Price % Sold Price to List Price Total Dollar Volume
2019
2020
% Change
219
199
-9.1%
$433
423
-2.3%
78
90
15.4%
$5,100,000
$8,000,000
56.9%
The highest price sale for luxury properties within
$1,726,734
1699837.216
-1.6%
the City of Boulder increased by 56.9% January
98.2%
97%
-1.6%
through June 2020 compared to that of 2019.
$378,154,812
338267606
-10.5%
56.9%
DOWNTOWN BOULDER
37.5%
January through June Number of Properties Sold Average Price per Square Foot Average Days on Market
The number of luxury properties sold within the area
Highest Price
of Downtown Boulder increased by 37.5% January
Average Sale Price
through June 2020 compared to that of 2019.
% Sold Price to List Price Total Dollar Volume
2019
2020
% Change
8
11
37.5%
$864
$211
-75.6%
111
108
-2.7%
$2,495,000
$2,600,000
4.2%
$1,897,500
$1,570,932
-17.2%
96.7%
94.7%
-2.1%
$15,180,000
$17,280,247
13.8%
UNIVERSITY HILL & CHAUTAUQUA January through June Number of Properties Sold Average Price per Square Foot Average Days on Market Highest Price Average Sale Price % Sold Price to List Price Total Dollar Volume
This area encompasses
2019
2020
% Change
27
18
-33.3%
the sprawling lawn of
$468
$555
18.6%
Chautauqua Park, the
83
68
-18.1%
Colorado Chautauqua
$3,900,000
$3,700,000
-5.1%
$1,911,780
$1,732,663
-9.4%
96.7%
96.8%
0.1%
$51,618,050
$31,187,934
-39.6%
historic district and the Chautauqua Trailhead, from which 40 miles of hiking trails can be accessed.
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coloradomarketreports.com
BOULDER COUNTY PLAINS January through June
With close access to the city of Boulder and surrounding areas, Boulder County Plains provide endless views of the
2019
2020
% Change
Number of Properties Sold
30
23
-23.3%
Average Days on Market
70
87
25.0%
Highest Price
$4,761,819
$2,650,000
-44.3%
Average Sale Price
$1,580,475
$1,605,850
1.6%
98.0%
98.1%
0.1%
$47,414,254
$36,934,552
-22.1%
% Sold Price to List Price
Boulder Flatirons.
Total Dollar Volume
Niwot, Somerset Meadows, White Hawk Ranch, Fairview Estates, Paragon Estates, Spanish Hills
FOOTHILLS COMMUNITIES January through June # of Properties Sold Average Days on Market Highest Price Average Sold Price % Sold Price to List Price Total Dollar Volume
2019
2020
% Change
5
2
-60.0%
to the north and the
139
34
-75.9%
mountains to the west,
$2,500,000
$1,595,000
-36.2%
these communities offer
$1,732,000
$1,314,000
-24.1%
access to some of the
102.2%
102.9%
0.7%
finest rock climbing and
$8,660,000
$2,628,000
-69.7%
hiking trails in the state.
With the city of Boulder
Pinebrook Hills, Boulder Heights, Lake of the Pines, Jamestown, Eldorado Springs
RESIDENTIAL LUXURY REPORT + $1,000,000 Sales
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208 Shooting Star, Avon
VAIL VALLEY LUXURY MARKET Throughout the first half of 2020, the luxury real estate market in the Vail Valley has seen encouraging growth despite the lack of activity in the spring. Although COVID-19 slowed buying and selling, Eagle County and several of the communities within it have performed well so far in 2020.
EAGLE COUNTY
January through June
The average list and sold price in Eagle County have both increased through June of this year. The average list price for luxury homes in Eagle County grew by 9.1%, bringing it to $6,740,265 through Q2. The average sold price for luxury homes increased by 8.1%, making the average sold price for homes in the area $6,101,665.
2019
2020
% Change
49
34
-30.6%
$1,208
$1,353
12.0%
338
339
0.3%
$17,250,000
$18,500,000
7.2%
Average List Price
$6,180,796
$6,740,265
9.1%
Average Sale Price
$5,646,717
$6,101,665
8.1%
93.1%
92.6%
-0.6%
$276,689,166
$207,456,625
-25.0%
Number of Properties Sold Average Price per Square Foot Average Days on Market Highest Price
% Sold Price to List Price Total Dollar Volume
Out of all of the luxury communities in the Vail Valley, Vail Village saw the greatest increase in sold homes between January and June in 2020 compared to the same time frame the previous year. Here, there were 10 home sales so far this year, a 25% increase from January through June in 2019 when there were eight luxury home sales. Due to the increase in luxury sales, paired with a 54.4% increase in average sold price, the total dollar volume for Vail Village rose by 93%, reaching a total of $101,887,500.
Based on $3,000,000+ sales in Eagle County. Based on information from Vail Board of Realtors速. This representation is based in whole or in part on data supplied by Vail Board of Realtors速. Vail Board of Realtors速 does not guarantee nor is in any way responsible for its accuracy. Data maintained by Vail Board of Realtors速 may not reflect all real estate activity in the market.
20
coloradomarketreports.com
ARROWHEAD January through June
Considered the western
2019
2020
% Change
5
1
-80.0%
$763
$449
-41.2%
150
338
125.3%
Highest Price
$9,300,000
$3,150,000
-66.1%
Average List Price
$5,307,000
$3,295,000
-37.9%
Average Sale Price
$5,018,000
$3,150,000
-37.2%
94.8%
95.6%
0.8%
$25,090,000
$3,150,000
-87.4%
Number of Properties Sold
gateway to Beaver Creek
Average Price per Square Foot
Mountain, Arrowhead
Average Days on Market
Village is said to be one of the best-kept secrets of the Colorado Rocky Mountains.
% Sold Price to List Price Total Dollar Volume
Single Family Homes
BACHELOR GULCH January through June
2019
2020
% Change
3
3
0.0%
$955
$797
-16.5%
Bachelor Gulch is a
148
420
183.8%
secluded community,
$10,200,000
$9,500,000
-6.9%
just west of Beaver Creek
Average List Price
$7,665,000
$6,978,333
-9.0%
Resort, providing ski-in/
Average Sale Price
$7,565,000
$6,433,333
-15.0%
ski-out homes to enjoy.
98.7%
91.3%
-7.5%
$22,695,000
$19,300,000
-15.0%
Number 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
66.3%
The average days on market within the area of Beaver Creek decreased by 66.3% January through June 2020 compared to that of 2019.
January through June
2019
2020
% Change
3
1
-66.7%
$723
$825
14.1%
457
154
-66.3%
$6,950,000
$6,500,000
-6.5%
Average List Price
$5,161,667
$6,995,000
35.5%
Average Sale Price
$4,866,666
$6,500,000
33.6%
94.8%
92.9%
-2.0%
$14,600,000
$6,500,000
-55.5%
Number 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
RESIDENTIAL LUXURY REPORT + $3,000,000 Sales
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TOWN OF VAIL January through June
2019
2020
% Change
24
19
-20.8%
$1,594
$1,838
15.3%
476
400
-16.0%
$17,250,000
$18,500,000
7.2%
The average list price for luxury properties within
Average List Price
$6,817,083
$8,185,526
20.1%
the Town of Vail increased by 20.1% January
Average Sale Price
$6,143,687
$7,291,927
18.7%
through June 2020 compared to that of 2019.
92.1%
91.8%
-0.3%
$147,448,500
$138,546,625
-6.0%
Number of Properties Sold Average Price per Square Foot Average Days on Market Highest Price
% Sold Price to List Price Total Dollar Volume
20.1%
All Properties
VAIL VILLAGE January through June
2019
2020
% Change
8
10
25.0%
$2,101
$2,428
15.6%
858
575
-33.0%
$10,500,000
$18,500,000
76.2%
Average List Price
$7,062,500
$11,764,000
66.6%
Average Sale Price
$6,598,437
$10,188,750
54.4%
93.2%
87.0%
-6.7%
$52,787,500
$101,887,500
93.0%
Number of Properties Sold Average Price per Square Foot
LIV SIR represented the
Average Days on Market
buyer for the highest
Highest Price
priced sale in the Vail Village for 2020.
% Sold Price to List Price Total Dollar Volume
All Properties
LIONSHEAD January through June
2019
2020
% Change
3
3
0.0%
$1,847
$1,913
3.6%
186
158
-15.1%
Highest Price
$8,500,000
$4,250,000
-50.0%
Average List Price
$5,398,333
$3,983,333
-26.2%
Average Sale Price
$5,133,333
$3,900,000
-24.0%
96.7%
98.2%
1.5%
$15,400,000
$11,700,000
-24.0%
Number of Properties Sold Average Price per Square Foot Average Days on Market
% Sold Price to List Price Total Dollar Volume
3.6%
The average price per sqaure foot for luxury properties within the area of Lionshead increased by 3.6% January through June 2020 compared to that of 2019.
All Properties
22
coloradomarketreports.com
162 Golden View Drive, Breckenridge
SUMMIT COUNTY LUXURY MARKET Summit County is a highly sought-after resort market with amazing luxury listings. Even though real estate activity was slowed in the spring due to COVID-19, several communities within Summit County still experienced improvement within the marketplace. The average list and sold price for luxury single family homes in Copper Mountain both increased from January through June in 2020. The average list price rose by 16.1%, bringing the average list price to $3,795,000 and the average sold price rose by 12.0%, making the average sold price of luxury homes in the area $3,600,000.
SUMMIT COUNTY
January through June
2019
2020
% Change
36
26
-27.8%
$660
$683
3.5%
170
132
-22.4%
$10,100,000
$4,600,000
-54.5%
Average List Price
$3,455,694
$2,958,654
-14.4%
Average Sale Price
$3,284,164
$2,800,549
-14.7%
96.1%
95.0%
-1.1%
Number of Properties Sold Average Price per Square Foot Average Days on Market Highest Price
% Sold Price to List Price
Total Dollar Volume $118,229,918 $72,814,272 -38.4% In the world-famous ski community of Breckenridge, the average price per square foot for luxury single family homes increased by 1.6% through June of this year compared to the same time period in 2019. Through Q2 in 2020, the average price per square foot for luxury homes in Breckenridge was $658.
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®. 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.
RESIDENTIAL LUXURY REPORT + $2,000,000 Sales
JANUARY - JUNE 2020 • COLORADOMARKETREPORTS.COM
BRECKENRIDGE January through June
2019
2020
% Change
23
18
-21.7%
$647
$658
1.6%
183
141
-23.0%
$10,100,000
$4,600,000
-54.5%
Average List Price
$3,873,565
$3,082,278
-20.4%
Average Sale Price
$3,635,543
$2,892,415
-20.4%
95.0%
94.4%
-0.6%
$83,617,500
$52,063,472
-37.7%
Number of Properties Sold Average Price per Square Foot Average Days on Market Highest Price
% Sold Price to List Price Total Dollar Volume
LIV SIR respresented the seller for the highest priced single family home sale in Breckenridge for 2020.
Single Family Homes
COPPER MOUNTAIN
50.9%
January through June Number of Properties Sold Average Price per Square Foot Average Days on Market
2019
2020
% Change
2
1
-50.0%
$547
$563
2.9%
385
189
-50.9%
The average days on market for luxury properties
Highest Price
$3,380,000
$3,600,000
6.5%
within the area of Copper Mountain decreased by
Average List Price
$3,270,000
$3,795,000
16.1%
50.9% January through June 2020 compared to that
Average Sale Price
$3,215,000
$3,600,000
12.0%
of 2019.
% Sold Price to List Price
98.3%
94.9%
-3.5%
$6,430,000
$3,600,000
-44.0%
Total Dollar Volume
Single Family Homes
24
coloradomarketreports.com
1025 Skyland Drive, Crested Butte
CRESTED BUTTE LUXURY MARKET Thanks to the area’s incredible mountain views and one-of-a-kind lifestyle, the Crested Butte community within Gunnison County, is a popular destination to buy and sell luxury real estate. The COVID-19 pandemic, and the restrictions on real estate activity that came with it, caused a reduction in the amount of buying and selling that typically takes place in this resort community. However, even with the slowed spring market, January through June 2019 2020 % Change Crested Butte still managed to see encouraging Number of Properties Sold 8 6 -25.0% increases in market metrics.
GUNNISON COUNTY $674
$889
31.9%
177
265
49.7%
Highest Price
$5,300,000
$5,000,000
-5.7%
Average List Price
$3,515,000
$4,006,666
14.0%
Average Sale Price
$2,960,375
$3,015,525
1.9%
84.2%
75.3%
-10.6%
$23,683,000
$18,093,150
-23.6%
Average Price per Square Foot
For all properties in Gunnsion County, average list price increased by 14%, making the average list price for luxury properties in the area $4,006,666. The average sale price also rose through June of this year. Average sale prices in this area reached $3,015,525 through Q2 in 2020.
Average Days on Market
% Sold Price to List Price Total Dollar Volume
The sale of luxury, single family homes in the Town of Crested Butte increased through June of this year as compared to the same time period of last year by 100%, growing from two luxury sales in 2019 to four luxury sales in 2020. The rise in luxury single family home sales raised the total dollar volume from $6,950,000 through June of 2019 to $10,993,150 through June of 2020, a 58.2% increase.
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). 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.
RESIDENTIAL LUXURY REPORT + $2,000,000 Sales
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TOWN OF CRESTED BUTTE January through June
2019
2020
% Change
2
4
100.0%
$1,035
$888
-14.2%
221
225
1.8%
Highest Price
$3,850,000
$3,363,150
-12.6%
The number of luxury properties sold within the
Average List Price
$3,475,000
$2,915,000
-16.1%
Town of Crested Butte increased by 100.0% January
Average Sale Price
$3,475,000
$2,748,287
-20.9%
through June 2020 compared to that of 2019.
100.0%
94.3%
-5.7%
$6,950,000
$10,993,150
58.2%
Number of Properties Sold Average Price per Square Foot Average Days on Market
% Sold Price to List Price Total Dollar Volume
100.0%
Single Family Homes
MT. CRESTED BUTTE January through June
2019
2020
% Change
No Sales
1
-
Average Price per Square Foot
-
$540
-
Average Days on Market
-
299
-
Highest Price
-
$2,100,000
-
affords some of the most
Average List Price
-
$2,385,000
-
breathtaking vistas in
Average Sale Price
-
$2,100,000
-
% Sold Price to List Price
-
88.1%
-
Total Dollar Volume
-
$210,000
-
Our namesake mountain rises just above town to a height of 12,162 feet. This unique setting
Colorado.
Number of Properties Sold
Single Family Homes
26
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692 Mountain Village Boulevard, Mountain Village
TELLURIDE LUXURY MARKET The beautiful mountain community of Telluride features incredible, high-end homes and a luxury real estate market that has proven its strength throughout the COVID-19 pandemic. Despite the challenges that restricted real estate activity in the spring, homebuyers have not missed a beat in the luxury home market. Overall, San Miguel County, which is home to Telluride and surrounding communities, experienced an impressive 250% increase in the number of luxury homes sold through June in 2020 compared to the same time frame in 2019. What’s more, this surge in homebuying has resulted in a 283.3% rise in total dollar volume sold through Q2 of this year compared to 2019. So far this year, total dollar volume sold in San Miguel County reached $131,434,150.
SAN MIGUEL COUNTY January through June
2019
2020
% Change
8
28
250.0%
$1,036
$1,408
35.9%
647
399
-38.3%
Highest Price
$8,400,000
$11,200,000
33.3%
Average List Price
$4,800,625
$5,051,211
5.2%
Average Sale Price
$4,285,938
$4,694,077
9.5%
89.3%
92.9%
4.1%
$34,287,500
$131,434,150
283.3%
Number of Properties Sold Average Price per Square Foot Average Days on Market
% Sold Price to List Price Total Dollar Volume
The Town of Telluride experienced a 600% rise in the number of luxury residential properties sold through June of this year (21) compared to the same time period of last year (3). This notable increase in luxury listings sold created an 856.8% boost in the total dollar volume sold. The Town of Telluride’s total dollar volume sold within the luxury residential real estate market reached $98,667,250 so far this year. In the nearby community of Mountain Village, the number of luxury residential listings sold grew by 133.3%, from three listings sold through June in 2019 to seven listings sold through June of 2020. Total dollar volume sold in Mountain Village increased by 164.8% through Q2 in 2020 compared to the same time period in 2019, bringing the total dollar volume sold to $32,766,900. 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. 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.
RESIDENTIAL LUXURY REPORT + $3,000,000 Sales
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TOWN OF TELLURIDE January through June
2019
2020
% Change
3
21
600.0%
$1,116
$1,568
40.5%
309
485
57.0%
Highest Price
$3,625,000
$11,200,000
209.0%
The highest price sale for luxury properties within
Average List Price
$3,623,333
$5,127,952
41.5%
the Town of Telluride increased by 209.0% January
Average Sale Price
$3,437,500
$4,698,440
36.7%
through June 2020 compared to that of 2019.
94.9%
91.6%
-3.4%
$10,312,500
$98,667,250
856.8%
Number of Properties Sold Average Price per Square Foot Average Days on Market
% Sold Price to List Price Total Dollar Volume
209.0%
Single Family Homes
MOUNTAIN VILLAGE January through June
133.3%
The number of luxury properties sold within Mountain Village increased by 133.3% January through June 2020 compared to that of 2019.
2019
2020
% Change
3
7
133.3%
Average Price per Square Foot
$945
$929
-1.7%
Average Days on Market
1,244
140
-88.7%
$4,650,000
$7,766,900
67.0%
Average List Price
$4,961,667
$4,820,986
-2.8%
Average Sale Price
$4,125,000
$4,680,986
13.5%
83.1%
97.1%
16.8%
$12,375,000
$32,766,900
164.8%
Number of Properties Sold
Highest Price
% Sold Price to List Price Total Dollar Volume
Single Family Homes
28
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For those who have a vision Your home is more than a building or an address. It’s where you experience life, family, connection, growth. Your home should be as exceptional as you are, and as you are going to be. For a lifestyle inspired by your potential, there is only LIV Sotheby’s International Realty.
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