Luxury Report
COLORADO’S LUXURY MARKETS
Welcome
COLORADO’S LUXURY MARKETS
LIV Sotheby’s International Realty’s quarterly Luxury Report provides invaluable market data tailored to help you navigate the evolving landscape of Colorado real estate.
Measuring the performance in some of Colorado’s most popular communities for single-family homes and condominiums, we include all residential properties sold above $1 million in Greater Denver, Colorado Springs, Boulder, and Grand County. Residential properties selling above $2 million in Summit County and Crested Butte are included as are properties sold above $3 million in Vail Valley and Telluride.
Across these regions, the median sold price for residential properties above $1
million was $1,800,876 during the first half of 2024, indicating strong home values across Colorado. Properties in the Front Range saw a median sold price of $1,325,163, remaining stable when compared to the first half of 2023, and the Resort regions had a median sold price of $2,371,732.
In this dynamic market, working with a dedicated broker who makes an investment in your future is essential to a successful experience. We understand your best life begins with a home that inspires you. Our brand is known worldwide for expertly guiding clients to find the homes that fit their varied lifestyles and locales. The life we love is helping you live #thelifeyoulove.
Luxury Data
MEDIAN SOLD PRICE
$1,800,876 All Colorado $2,371,732 Resort Regions + 3.9% + 6.8% 2023 vs 2024 % Change $1,325,163 Front Range - 0.1%
A GLANCE
Colorado’s Front Range AT
Luxury home sales in the Front Range held steady during the first half of this year, with a median sold price of $1,325,163, down only 0.1% from 2023 indicating a more stabilized market. Greater Denver saw 2,382 residences sold with South Metro accounting for 555 of those properties. The West Metro Foothills sold 499 homes, an increase of 15.2% when compared to the previous year.
With an active spring selling season turning into an equally active summer, we anticipate additional inventory to continue coming to market, creating more opportunities for buyers who are drawn to the ease of living in the Front Range where a thriving urban scene for commerce and culture fosters a strong sense of community.
Median Sold Price
$1,325,163
2023 vs 2024 % Change
53 Average Days on Market - 0.1% + 10.4%
4,526 Properties Sold + 15.6%
$387 Average Price per Sq. Ft. + 0.7%
98% List Price to Sold Price - 0.5%
Greater Denver
Median Sold Price - 0.4% Change | Jan - Jun 2023 vs 2024
$1,349,000
2,382 Properties Sold + 19.2% Change | Jan - Jun 2023 vs 2024
41
Average Days on Market + 13.9% Change | Jan - Jun 2023 vs 2024
$8,800,000
Highest Sold Price - 4.9% Change | Jan - Jun 2023 vs 2024
Data based on
in Adams, Arapahoe, Broomfield, Denver, Douglas, and Jefferson Counties. All residential and land
South Metro
$1,320,000
Median Sold Price + 1.5% Change | Jan - Jun 2023 vs 2024
555 Properties Sold + 17.1% Change | Jan - Jun 2023 vs 2024
55
Average Days on Market + 17.0% Change | Jan - Jun 2023 vs 2024
$6,800,000
Highest Sold Price + 61.9% Change | Jan - Jun 2023 vs 2024
West Metro & Foothills
Median Sold Price
$1,295,000
0.0% Change | Jan - Jun 2023 vs 2024
499 Properties Sold + 15.2% Change | Jan - Jun 2023 vs 2024
32
Average Days on Market + 6.7% Change | Jan - Jun 2023 vs 2024
$4,650,000
Highest Sold Price - 1.1% Change | Jan - Jun 2023 vs 2024
$1,476,065
Median Sold Price + 0.2% Change | Jan - Jun 2023 vs 2024
523 Properties Sold + 11.8% Change | Jan - Jun 2023 vs 2024
69
Average Days on Market + 7.8% Change | Jan - Jun 2023 vs 2024
$8,700,000
Highest Sold Price - 33.1% Change | Jan - Jun 2023 vs 2024
Northern Colorado
$1,310,000
Median Sold Price - 1.7% Change | Jan - Jun 2023 vs 2024
337 Properties Sold + 17.4% Change | Jan - Jun 2023 vs 2024
46
Average Days on Market - 8.0% Change | Jan - Jun 2023 vs 2024
$4,529,300
Highest Sold Price - 71.7% Change | Jan - Jun 2023 vs 2024
Colorado Springs
$1,200,915
Median Sold Price + 0.1% Change | Jan - Jun 2023 vs 2024
230 Properties Sold - 9.4% Change | Jan - Jun 2023 vs 2024
75
Average Days on Market + 23.0% Change | Jan - Jun 2023 vs 2024
$3,645,000
Highest Sold Price - 14.2% Change | Jan - Jun 2023 vs 2024
GLANCE
Colorado’s Resorts AT A
From laid-back retreats to modern mountain homes, Colorado’s resort communities accommodate diverse lifestyles and needs. Enticed by easy access to recreation, wilderness, and open space, buyers continued to flock to our resort regions. Luxury residences spent an average of 92 days on the market in our resorts during the first half of the year, down 10.9% from 2023. Home values remained strong, up 6.8% with 497 properties selling for a median price of $2,371,732, when compared to the previous year.
As summer heats up in the mountains, our resort towns are seeing traditional trends of an active selling season ahead. The enviable Colorado lifestyle continues to attract buyers looking for an opportunity to plant roots throughout our beautiful mountain regions.
Median Sold Price
$2,371,732
92 Average Days on Market +6.8% -10.9% 2023 vs 2024 % Change
497 Properties Sold +19.8% $716 Average Price per Sq. Ft. +17.6%
Grand County
$1,575,000
Median Sold Price + 16.7% Change | Jan - Jun 2023 vs 2024
59 Properties Sold + 7.3% Change | Jan - Jun 2023 vs 2024
156
Average Days on Market - 40.0% Change | Jan - Jun 2023 vs 2024
$3,900,000
Highest Sold Price + 34.7% Change | Jan - Jun 2023 vs 2024
Summit County
$2,950,000
Median Sold Price + 10.5% Change | Jan - Jun 2023 vs 2024
92 Properties Sold + 27.8% Change | Jan - Jun 2023 vs 2024
81
Average Days on Market - 1.2% Change | Jan - Jun 2023 vs 2024
$8,750,000
Highest Sold Price + 45.8% Change | Jan - Jun 2023 vs 2024
$2,769,490
Median Sold Price + 9.1% Change | Jan - Jun 2023 vs 2024
24 Properties Sold + 200.0% Change | Jan - Jun 2023 vs 2024
176
Average Days on Market + 25.7% Change | Jan - Jun 2023 vs 2024
$5,750,000
Highest Sold Price - 32.4% Change | Jan - Jun 2023 vs 2024
*Rural
Butte:
Crested Butte. *Rural Gunnison: All properties outside of Gunnison
properties in Saguache County within the MLS jurisdiction.
based
in Almont, Crested Butte, Crested Butte South, Gunnison, Kebler, Mt. Crested Butte, Rural Crested Butte, and Rural Gunnison. All
Vail Valley
$4,295,000
Median Sold Price + 2.1% Change | Jan - Jun 2023 vs 2024
99 Properties Sold + 13.8% Change | Jan - Jun 2023 vs 2024
127
Average Days on Market + 21.0% Change | Jan - Jun 2023 vs 2024
$22,400,000
Highest Sold Price + 9.3% Change | Jan - Jun 2023 vs 2024
$7,122,500
Median Sold Price + 35.7% Change | Jan - Jun 2023 vs 2024
42 Properties Sold - 2.3% Change | Jan - Jun 2023 vs 2024
267
Average Days on Market + 58.0% Change | Jan - Jun 2023 vs 2024
$20,000,000
Highest Sold Price + 49.0% Change | Jan - Jun 2023 vs 2024
*Surrounding Mesas: Deep Creek Mesa, Hastings Mesa, Iron Springs/Horsefly Mesa, Specie Mesa, Sunshine Mesa, Turkey Creek Mesa, and Wilson Mesa.
Village and Telluride.
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