Luxury Report
COLORADO’S LUXURY MARKETS
Welcome
Colorado’s Luxury Markets
Constantly evolving, Colorado’s real estate market demands expertise, and LIV Sotheby’s International Realty’s quarterly Luxury Report delivers the essential insights you need to navigate the dynamic luxury landscape across the state.
We offer an in-depth look at the performance of high-end properties priced over $1 million in key markets like Greater Denver (Denver Metro, South Metro, West Metro & Foothills), Boulder, Northern Colorado, Colorado Springs, and Grand County. For properties above $2 million in Summit County and Crested Butte, and those exceeding $3 million in Vail Valley and Telluride.
Through Q4, trends varied by region. The median sold price for properties over $1 million held steady across the Front Range, while resort areas experienced significant growth. Denver Metro saw a 2.5% dip in median sold price, landing at $1,329,000, compared to 2023. In contrast, the Vail Valley experienced an 11.9% increase, and Telluride surged with a remarkable 30.4% growth.
At LIV Sotheby’s International Realty, we are curators of the unique. With expert negotiation skills, market insights, and unparalleled connections, our brokers can guide you confidently through the ever-changing landscape of luxury real estate. Let us help you find your one of a kind.
Luxury Data
Median Sold Price
January - December 2024
Median Sold Price
$2,427,246 All Colorado $3,755,752 Resort Regions + 9.9% + 14.9% 2023 vs 2024 % Change $1,320,158 Front Range - 0.2%
At a Glance
Colorado’s Front Range
Luxury sales in the Front Range remained steady year-over-year, signaling a balanced market. Colorado Springs experienced modest growth, with a 2% increase and a median sold price of $1,250,000. Meanwhile, South Metro, Boulder, and Northern Colorado saw stability, reflecting no change when compared to 2023. The state’s strong job market continues to attract new residents seeking Colorado’s renowned work-life balance.
In the Greater Denver area, 6,946 luxury properties sold, up 23.9% including 1,098 transactions from the West Metro Foothills. Boulder recorded a slight 2.4% increase when compared to 2023, with 977 luxury sales. As the spring selling season approaches, these more balanced dynamics in Colorado’s luxury real estate market are expected to persist.
Median Sold Price
$1,320,158
2023 vs 2024 % Change
56 Average Days on Market - 0.2% + 14.0%
8,965 Properties Sold + 20.0%
Median Price per Finished Sq. Ft. + 1.6%
$360
List Price to Sold Price - 0.2%
98.0%
Denver Metro
$1,329,000
Median Sold Price - 2.5% Change | 2023 vs 2024
4,762 Properties Sold + 24.3% Change | 2023 vs 2024
46 Average Days on Market + 21.1% Change | 2023 vs 2024
Highest Sold Price + 5.0% Change | 2023 vs 2024
$15,750,000
Arapahoe, Broomfield, Denver, Douglas, and Jefferson Counties.
South Metro
$1,299,450
Median Sold Price 0.0% Change | 2023 vs 2024
1,086
Properties Sold + 18.7% Change | 2023 vs 2024
57
Average Days on Market + 23.9% Change | 2023 vs 2024
Highest Sold Price - 12.8% Change | 2023 vs 2024
$6,800,000
West Metro & Foothills
Median Sold Price
$1,292,500
- 0.6% Change | 2023 vs 2024
1,098 Properties Sold + 27.7% Change | 2023 vs 2024
36
Average Days on Market + 9.1% Change | 2023 vs 2024
Highest Sold Price - 52.1% Change | 2023 vs 2024
$7,050,000
Boulder
$1,450,000
Median Sold Price 0.0% Change | 2023 vs 2024
977
Properties Sold + 2.4% Change | 2023 vs 2024
72
Average Days on Market + 9.1% Change | 2023 vs 2024
Highest Sold Price - 23.1% Change | 2023 vs 2024
$10,000,000
Northern Colorado
Median Sold Price
$1,300,000
0.0% Change | 2023 vs 2024
683 Properties Sold + 20.9% Change | 2023 vs 2024
49 Average Days on Market + 2.1% Change | 2023 vs 2024
Highest Sold Price - 60.0% Change | 2023 vs 2024
$6,400,000
Colorado Springs
Median Sold Price
$1,250,000
+ 2.0% Change | 2023 vs 2024
359 Properties Sold + 4.4% Change | 2023 vs 2024
74
Average Days on Market + 19.4% Change | 2023 vs 2024
Highest Sold Price + 17.8% Change | 2023 vs 2024
$5,300,000
At a Glance
Colorado’s Resorts
Colorado’s resort communities offer a lifestyle for everyone, blending wide-open skies with the energy of close-knit mountain towns. Whether seeking a cozy cabin, a sleek modern retreat, or a ski-in/ski-out condominium, buyers are drawn to Colorado’s unmatched natural beauty and vibrant outdoor culture.
Summit County’s luxury market maintained its upward trajectory in 2024, with 240 high-end properties selling at a median price of $2,932,500. Crested Butte experienced a 5.1% increase in luxury sales, while Grand County recorded an impressive 29.4% year-over-year growth. Telluride’s luxury market stood out with the median sold price soaring to $6,846,000. Meanwhile, the Vail Valley showcased remarkable momentum, selling 34.1% more luxury properties than in 2023.
As winter in the mountains continues to attract visitors from around the globe, Colorado’s resort communities are seeing steady appreciation in home values. The winter selling season is flourishing, captivating those enchanted by the snow and the charm of a mountain lifestyle.
Median Sold Price
$3,755,752
2023 vs 2024 % Change
179 Average Days on Market + 14.9% + 3.8%
840 Properties Sold + 24.3%
Median Price per Finished Sq. Ft. + 5.4%
$1,105
List Price to Sold Price - 0.2%
96.0%
Grand County
$1,387,759
Median Sold Price + 4.4% Change | 2023 vs 2024
229 Properties Sold + 29.4% Change | 2023 vs 2024
215 Average Days on Market - 3.2% Change | 2023 vs 2024
Highest Sold Price + 58.0% Change | 2023 vs 2024
$5,450,000
Data based on sales in Grand County. All residential and land properties $1,000,000+. Based on information from Grand County Board of REALTORS® (GCBOR), Colorado Real Estate Network MLS (CREN MLS), REColorado and Pikes Peak MLS (PPMLS) (Powered by LiveBy).
Summit County
$2,932,500
Median Sold Price + 9.8% Change | 2023 vs 2024
240 Properties Sold + 29.0% Change | 2023 vs 2024
89
Average Days on Market + 6.0% Change | 2023 vs 2024
Highest Sold Price - 9.2% Change | 2023 vs 2024
$10,900,000
(PPMLS) (Powered by LiveBy).
Crested Butte
$2,800,000
Median Sold Price 0.0% Change | 2023 vs 2024
41 Properties Sold + 5.1% Change | 2023 vs 2024
172
Average Days on Market - 24.6% Change | 2023 vs 2024
Highest Sold Price - 42.5% Change | 2023 vs 2024
$5,750,000
Data based on sales in Almont, Crested Butte, Crested Butte South, Gunnison, Kebler, Mt. Crested Butte, Rural Crested Butte, and Rural Gunnison. All residential and land properties $2,000,000+. Based on
from Colorado Real Estate Network MLS (CREN MLS), Pikes Peak MLS (PPMLS) and REColorado (Powered by LiveBy).
Vail Valley
Median Sold Price
$4,812,500
+ 11.9% Change | 2023 vs 2024
244 Properties Sold
+ 34.1% Change | 2023 vs 2024
179
Average Days on Market + 29.7% Change | 2023 vs 2024
Highest Sold Price + 95.1% Change | 2023 vs 2024
$40,000,000
Telluride
Median Sold Price
$6,846,000
+ 30.4% Change | 2023 vs 2024
86 Properties Sold - 6.5% Change | 2023 vs 2024
241
Average Days on Market + 26.2% Change | 2023 vs 2024
Highest Sold Price + 5.8% Change | 2023 vs 2024
$20,000,000
*Surrounding Mesas: Deep Creek Mesa, Hastings Mesa, Iron Springs/Horsefly Mesa, Specie Mesa, Sunshine Mesa, Turkey Creek Mesa, and Wilson Mesa.
Mountain Village and Telluride. All residential properties
(TAR).
