RESIDENTIAL LUXURY REPORT Year End 2019
RESIDENTIAL LUXURY REPORT INTRODUCTION
The luxury real estate market doesn’t always behave in the same way that the rest of the housing market does. Market trends can vary for homes at higher price points, making it crucial for buyers and sellers to understand both the lifestyle preferences of the luxury homebuyers and the climate of the marketplace. LIV Sotheby’s International Realty produces a Year End Residential Luxury Report, comparing January through December 2019 statistics to the same time frame of 2018, to help buyers and sellers get a better picture of the state of the housing market in Colorado. Analyzing the luxury market for Colorado’s diverse neighborhoods, the statistics in this report show performance for single family homes and condos in the following areas:
P.
P.
03
15
Boulder $1 million+
P.
Denver Metro
Crested Butte
$1 million+
P.
P.
12
24 $2 million+
18
Vail Valley $3 million+
P.
26 Telluride
Foothills $1 million+
P.
22
$3 million+
Summit County $2 million+
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11 S Fairfax Street, Denver
DENVER METRO LUXURY MARKET The Denver Metro luxury real estate market saw positive activity throughout 2019. Across all counties (Adams, Arapahoe, Broomfield, Denver, Douglas, and Jefferson) total dollar volume sold increased by 18%, finishing out the year with $3,143,100,617 in sales. In 2019, 2,050 homes sold in Denver Metro, a 17.5% increase from 2018 when 1,744 homes sold in the area. Average list price for luxury homes in the Denver Metro market remained basically the same in 2019 as 2018, however the average sale price for luxury homes increased by 0.4%. Last year, the average sale price for homes in January through December 2018 2019 % Change this category was $1,533,220. The average Number of Properties Sold 1,744 2,050 17.5% days a home in Denver Metro spends on the Average Price per Square Foot $432 $462 6.9% market fell in 2019, implying an increase in demand for luxury Denver Metro homes. The Average Days on Market 89 79 -11.2% average days on market for homes in 2019 was Highest Price $8,000,000 $11,625,000 45.3% 79 days, an 11.2% decrease from 2018 when Average List Price $1,583,325 $1,583,856 0.0% the averages days on market was 89 days.
DENVER METRO
Average Sale Price
% Sold Price to List Price
$1,527,619
$1,533,220
0.4%
95.2%
95.1%
-0.1%
Out of all of the neighborhoods in Denver Total Dollar Volume $2,664,167,577 $3,143,100,617 18.0% Metro, Cherry Creek North saw the largest increase in the number of properties sold. Over Counties: Adams, Arapahoe, Boulder, Broomfield, Denver, Douglas, Jefferson the course of 2019, 123 homes were sold in this community, which is a 108.5% increase from 2018 when just 59 homes were sold. The average sale price in Polo Reserve rose by an impressive 38.1%, bringing the average sale price for homes in this neighborhood to $2,375,000 in 2019. Homes in Spruce Meadows spent the least amount of time on the market during 2019, with the average days on market for listings in this community being just 22 days as compared to 2018 when the average days on market was 64 days. 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 JANUARY - DECEMBER 2019 • COLORADOMARKETREPORTS.COM
CITY OF DENVER January through December
2018
2019
% Change
760
953
25.4%
$487
$535
9.8%
LIV SIR represented the
68
77
13.2%
buyer of the highest price
$8,000,000
$10,750,000
34.4%
sale in the City of Denver
Average List Price
$1,570,396
$1,612,005
2.6%
for 2019.
Average Sale Price
$1,530,137
$1,567,953
2.5%
96.0%
95.5%
-0.5%
$1,162,904,435
$1,494,258,767
28.5%
2018
2019
% Change
41
60
46.3%
$370
$376
1.6%
55
33
-40.0%
$3,250,000
$4,595,032
41.4%
The number of luxury properties within the
Average List Price
$1,567,304
$1,472,089
-6.1%
neighborhood of Backcountry increased by
Average Sale Price
$1,562,679
$1,451,781
-7.1%
46.3% January through December 2019
98.9%
97.0%
-1.9%
compared to that of 2018.
$64,069,825
$87,106,838
36.0%
Number of Properties Sold Average Price per Square Foot Average Days on Market Highest Price
% Sold Price to List Price Total Dollar Volume Boundaries: City of Denver
BACKCOUNTRY January through December Number of Properties Sold Average Price per Square Foot Average Days on Market Highest Price
% Sold Price to List Price Total Dollar Volume
46.3%
Boundaries: South of Wildcat Reserve Pkwy; East of Weathersfield Way, West of Red Sun Ct
BONNIE BRAE/BELCARO 2018
2019
% Change
38
33
-13.2%
$537
$590
9.7%
56
55
-1.8%
$3,097,000
$4,875,000
57.4%
Average List Price
$1,751,553
$1,802,179
2.9%
Average Sale Price
$1,714,603
$1,759,645
2.6%
January through December 2019 compared
96.6%
94.4%
-2.3%
to that of 2018.
$65,154,900
$58,068,271
-10.9%
January through December Number of Properties Sold Average Price per Square Foot Average Days on Market Highest Price
% Sold Price to List Price Total Dollar Volume
9.7% The average price per square foot within Bonnie Brae/Belcaro increased by 9.7%
Boundaries: Mississippi to Cherry Creek Drive South; University to Colorado
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BOW MAR/BOW MAR SOUTH January through December
20.5%
2018
2019
% Change
10
9
-10.0%
$538
$518
-3.8%
61
66
8.2%
Highest Price
$2,671,500
$3,250,000
21.7%
The average sale price for luxury properties
Average List Price
$1,801,800
$2,219,778
23.2%
within the neighborhood of Bow Mar/Bow Mar
Average Sale Price
$1,761,750
$2,122,168
20.5%
South increased by 20.5% January through
96.1%
94.9%
-1.2%
December 2019 compared to that of 2018.
$17,617,500
$19,099,511
8.4%
Number 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
THE VILLAGE AT CASTLE PINES January through December
2018
2019
% Change
65
84
29.2%
$408
$406
-0.5%
169
88
-47.9%
$4,300,000
$2,675,000
-37.8%
Average List Price
$1,691,521
$1,483,601
-12.3%
Average Sale Price
$1,600,836
$1,425,640
-10.9%
91.4%
95.4%
4.4%
$104,054,318
$119,753,781
15.1%
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 represented both the seller and buyer of the highest price sale in The Village at Castle Pines for 2019.
Boundaries: US 85 & Copper Blush to Northwood; Daniels Park to Gate 5, Country Club to I-25
CHERRY CREEK NORTH
14.4%
2018
2019
% Change
59
123
108.5%
$556
$742
33.4%
100
69
-31.0%
Highest Price
$3,650,000
$6,742,620
84.7%
The average sale price for luxury properties
Average List Price
$1,662,585
$1,861,184
11.9%
within the neighborhood of Cherry Creek
Average Sale Price
$1,596,525
$1,826,452
14.4%
North increased by 14.4% January through
93.3%
96.0%
2.8%
December 2019 compared to that of 2018.
$94,195,000
$224,653,620
138.5%
January through December Number of Properties Sold Average Price per Square Foot Average Days on Market
% Sold Price to List Price Total Dollar Volume
Boundaries: York to Colorado; 1st Avenue to 6th Avenue
RESIDENTIAL LUXURY REPORT + $1,000,000 Sales
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CHERRY HILLS VILLAGE January through December
2018
2019
% Change
44
44
0.0%
$503
$498
-0.9%
122
100
-18.0%
$7,500,000
$11,625,000
55.0%
Average List Price
$3,191,977
$3,306,955
3.6%
Average Sale Price
$2,956,850
$3,107,796
5.1%
89.6%
91.4%
2.0%
$130,101,413
$136,743,000
5.1%
Number of Properties Sold Average Price per Square Foot Average Days on Market Highest Price
% Sold Price to List Price Total Dollar Volume
18.0% The average days on market for luxury properties within Cherry Hills Village (over 1 acre) decreased by 18.0% January through December 2019 compared to that of 2018.
(Over 1 Acre) Boundaries: Hampden to Belleview; Clarkson to Happy Canyon Road and Charlou
CHERRY HILLS VILLAGE January through December
2018
2019
% Change
66
64
-3.0%
$421
$445
5.8%
74
62
-16.2%
$3,962,500
$3,689,000
-6.9%
Average List Price
$1,850,154
$1,980,094
7.0%
Average Sale Price
$1,788,024
$1,908,902
6.8%
93.3%
93.2%
-0.1%
$118,009,564
$122,169,750
3.5%
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 represented both the buyer and seller for the highest price sale in Cherry Hills Village under one acre for 2019.
(Under 1 Acre) Boundaries: Hampden to Belleview; Clarkson to Happy Canyon Road and Charlou
COLUMBINE VALLEY
9.6%
2018
2019
% Change
21
17
-19.0%
$432
$437
1.2%
103
65
-36.9%
$2,590,000
$2,725,000
5.2%
The average sale price for luxury properties
Average List Price
$1,374,238
$1,526,782
11.1%
within the neighborhood of Columbine
Average Sale Price
$1,347,708
$1,477,332
9.6%
Valley increased by 9.6% January through
96.0%
96.4%
0.4%
December 2019 compared to that of 2018.
$28,301,864
$25,114,643
-11.3%
January through December Number of Properties Sold Average Price per Square Foot 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
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COUNTRY CLUB January through December
10.4%
2018
2019
% Change
21
14
-33.3%
$684
$675
-1.3%
77
69
-10.4%
Highest Price
$5,668,830
$5,650,000
-0.3%
The average days on market for luxury
Average List Price
$2,950,508
$2,980,179
1.0%
properties within the neighborhood of
Average Sale Price
$2,849,696
$2,845,978
-0.1%
Country Club decreased by 10.4% January
93.9%
92.9%
-1.0%
through December 2019 compared to that of
$59,843,615
$39,843,697
-33.4%
2018.
2018
2019
% Change
24
21
-12.5%
$471
$550
16.9%
43
39
-9.3%
$3,550,665
$3,235,000
-8.9%
Average List Price
$1,861,729
$1,875,218
0.7%
Average Sale Price
$1,850,250
$1,836,538
-0.7%
95.7%
97.5%
1.8%
$44,405,992
$38,567,308
-13.1%
Number of Properties Sold Average Price per Square Foot Average Days on Market
% Sold Price to List Price Total Dollar Volume
Boundaries: University to Downing 1st - 4th; Race to University 4th - 6th
CRESTMOOR January through December Number of Properties Sold Average Price per Square Foot Average Days on Market Highest Price
% Sold Price to List Price Total Dollar Volume
9.3% The average days on market for luxury properties within the neighborhood of Crestmoor decreased by 9.3% January through December 2019 compared to that of 2018.
Boundaries: Holly to Monaco; Bayaud to 6th Avenue
GREENWOOD VILLAGE EAST
11.2%
2018
2019
% Change
34
30
-11.8%
$389
$433
11.2%
86
73
-15.1%
Highest Price
$2,130,000
$2,250,000
5.6%
The average price per square foot within
Average List Price
$1,444,065
$1,424,493
-1.4%
the neighborhood of Greenwood Village
Average Sale Price
$1,410,915
$1,446,091
2.5%
East increased by 11.2% January through
97.7%
98.7%
1.0%
December 2019 compared to that of 2018.
$47,971,116
$43,382,733
-9.6%
January through December Number of Properties Sold Average Price per Square Foot Average Days on Market
% Sold Price to List Price Total Dollar Volume Boundaries: I-25 to Havana; Belleview to Orchard
RESIDENTIAL LUXURY REPORT + $1,000,000 Sales
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GREENWOOD VILLAGE WEST January through December
2018
2019
% Change
23
22
-4.3%
$467
$457
-2.1%
139
64
-54.0%
seller for the highest price
$5,100,000
$6,500,000
27.5%
sale in Greenwood Village
Average List Price
$2,659,817
$2,230,091
-16.2%
West over one acre for 2019.
Average Sale Price
$2,502,565
$2,120,773
-15.3%
93.3%
93.2%
-0.2%
$57,559,000
$46,657,000
-18.9%
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 represented the
(Under 1 Acre) Boundaries: Orchard to Belleview; Clarkson to I-25
GREENWOOD VILLAGE WEST January through December
2018
2019
% Change
46
46
0.0%
$409
$431
5.2%
63
58
-7.9%
Highest Price
$3,375,000
$3,125,000
-7.4%
The average price per square foot within the
Average List Price
$1,794,826
$1,855,196
3.4%
neighborhood of Greenwood Village West (over
Average Sale Price
$1,732,574
$1,802,490
4.0%
1 acre) increased by 5.2% January through
95.2%
95.7%
0.6%
December 2019 compared to that of 2018.
$79,698,420
$82,914,532
4.0%
2018
2019
% Change
47
68
44.7%
$446
$461
3.4%
79
46
-41.8%
Highest Price
$3,725,000
$3,500,000
-6.0%
The average sale price for luxury properties
Average List Price
$1,669,389
$1,740,543
4.3%
within the neighborhood of Hilltop increased
Average Sale Price
$1,626,572
$1,681,828
3.4%
by 3.4% January through December 2019
94.7%
94.4%
-0.4%
compared to that of 2018.
$76,448,900
$114,364,292
49.6%
Number of Properties Sold Average Price per Square Foot Average Days on Market
% Sold Price to List Price Total Dollar Volume
5.2%
(Over 1 Acre) Boundaries: Orchard to Belleview; Clarkson to I-25
HILLTOP January through December Number of Properties Sold Average Price per Square Foot Average Days on Market
% Sold Price to List Price Total Dollar Volume
3.4%
Boundaries: Alameda to 6th; Colorado to Holly
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HUNTINGTON TRAILS/LEXINGTON January through December
12.5%
2018
2019
% Change
10
7
-30.0%
$313
$352
12.5%
42
46
9.5%
$2,050,000
$1,750,000
-14.6%
Average List Price
$1,470,200
$1,456,508
-0.9%
Average Sale Price
$1,438,870
$1,415,096
-1.7%
97.1%
96.1%
-1.1%
$14,388,700
$9,905,669
-31.2%
2018
2019
% Change
6
10
66.7%
$479
$361
-24.7%
177
111
-37.3%
$2,650,000
$1,500,000
-43.4%
The average days on market for luxury
Average List Price
$1,693,667
$1,256,990
-25.8%
properties within the neighborhood of Keene
Average Sale Price
$1,566,500
$1,225,156
-21.8%
Ranch decreased by 37.3% January through
85.8%
95.2%
11.0%
December 2019 compared to that of 2018.
$9,399,000
$12,251,555
30.3%
Number of Properties Sold Average Price per Square Foot Average Days on Market Highest Price
% Sold Price to List Price Total Dollar Volume
The average price per square foot for luxury properties within the neighborhood of Huntington Trails / Lexington increased by 12.5% January through December 2019 compared to that of 2018.
Boundaries: Lexington Place to 144th Avenue; McKay Lake to Huron Street
KEENE RANCH January through December Number of Properties Sold Average Price per Square Foot Average Days on Market Highest Price
% Sold Price to List Price Total Dollar Volume
37.3%
Boundaries: South Butte Circle to Castle Butte Drive; South Peak View Drive to West Tomah Road
KEN-CARYL NORTH RANCH
1.7%
2018
2019
% Change
8
8
0.0%
$316
$322
1.7%
47
64
36.2%
Highest Price
$1,256,150
$1,385,000
10.3%
The average price per square foot for luxury
Average List Price
$1,214,000
$1,223,988
0.8%
properties within the neighborhood of Ken-Caryl
Average Sale Price
$1,171,644
$1,177,188
0.5%
North Ranch increased by 1.7% January through
94.4%
94.2%
-0.2%
December 2019 compared to that of 2018.
$9,373,150
$9,417,500
0.5%
January through December Number 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
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MAYFAIR/MONTCLAIR January through December
11.2%
2018
2019
% Change
25
21
-16.0%
$390
$436
11.7%
60
35
-41.7%
Highest Price
$1,495,000
$2,255,000
50.8%
The average list price within Mayfair/Montclair
Average List Price
$1,199,056
$1,333,476
11.2%
increased by 11.2% January through December
Average Sale Price
$1,186,430
$1,319,560
11.2%
2019 compared to that of 2018.
96.5%
96.6%
0.2%
$29,660,754
$27,710,750
-6.6%
2018
2019
% Change
46
61
32.6%
$448
$456
1.7%
44
71
61.4%
$3,004,324
$3,050,000
1.5%
The number of luxury properties sold within
Average List Price
$1,665,691
$1,697,781
1.9%
Observatory Park increased by 32.6%
Average Sale Price
$1,635,032
$1,644,501
0.6%
January through December 2019 compared
96.9%
93.4%
-3.6%
to that of 2018.
$75,211,462
$100,314,587
33.4%
2018
2019
% Change
4
2
-50.0%
$384
$347
-9.7%
240
130
-45.8%
$2,490,000
$3,300,000
32.5%
Average List Price
$1,733,725
$2,622,500
51.3%
The average list price within Polo Reserve
Average Sale Price
$1,719,375
$2,375,000
38.1%
increased by 51.3% January through December
94.9%
87.4%
-7.9%
2019 compared to that of 2018.
$6,877,500
$4,750,000
-30.9%
Number of Properties Sold Average Price per Square Foot Average Days on Market
% Sold Price to List Price Total Dollar Volume Boundaries: Colorado to Quebec; 6th to Colfax
OBSERVATORY PARK January through December Number of Properties Sold Average Price per Square Foot Average Days on Market Highest Price
% Sold Price to List Price Total Dollar Volume
32.6%
Boundaries: University to Colorado; Evans to Yale
POLO RESERVE January through December Number of Properties Sold Average Price per Square Foot Average Days on Market Highest Price
% Sold Price to List Price Total Dollar Volume
51.3%
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 December
65.6%
2018
2019
% Change
5
5
0.0%
$446
$458
2.6%
64
22
-65.6%
Highest Price
$3,375,000
$2,425,000
-28.1%
The average days on market for luxury
Average List Price
$2,269,995
$2,063,800
-9.1%
properties within the neighborhood of Spruce
Average Sale Price
$2,212,400
$2,013,000
-9.0%
Meadows decreased by 65.6% January through
93.8%
97.6%
4.1%
December 2019 compared to that of 2018.
$11,062,000
$10,065,000
-9.0%
Number 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
WASHINGTON PARK EAST/CENTRAL January through December
2018
2019
% Change
80
91
13.8%
$579
$576
-0.5%
LIV SIR represented the
52
48
-7.7%
seller for the highest price
$3,650,000
$5,611,000
-95.7%
Average List Price
$1,659,101
$1,712,248
5.2%
Average Sale Price
$1,628,111
$1,680,012
3.2%
96.5%
95.5%
-1.1%
$130,248,905
$152,881,107
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
sale in Washington Park East/Central for 2019.
Boundaries: Louisiana to Ellsworth, Ogden to University
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Sold by LIV SIR | 1325 Silver Rock Lane, Evergreen
FOOTHILLS LUXURY MARKET Jefferson County saw some impressive gains in the number of properties sold and the total dollar volume sold within the luxury real estate market in 2019. The number of properties sold last year grew by 19.9% compared to 2018, reaching a total of 289 listings sold in 2019. Total sales by dollar volume came to $386,319,914 in 2019, a 20.1% increase from the prior year. While the number of homes sold increased signiďŹ cantly, the average sale price only increased slightly by 0.2%. The average sale January through December 2018 2019 % Change price for a home in Jefferson County in 2019 was Number of Properties Sold 241 289 19.9% $1,336,747. In a comparison between 2018 and Average Price per Square Foot $366 $387 5.7% 2019, the days on market for this region only Average Days on Market 73 72 -1.4% decreased by one day, from 73 days to 72 days in Highest Price $6,490,000 $3,400,000 -47.6% 2019.
JEFFERSON COUNTY
Average List Price
$1,409,872
$1,388,583
-1.5%
Average Sale Price
$1,334,570
$1,336,747
0.2%
Out of the six neighborhoods included in % Sold Price to List Price 94.8% 94.3% -0.6% Jefferson County, Ridge at Hiwan saw the largest Total Dollar Volume $321,631,451 $386,319,914 20.1% increase in listings sold during 2019. Within this community 19 homes sold throughout 2019, a 46.2% increase from 2018 when 13 homes sold. Ridge at Hiwan also observed the greatest increase in sales by total dollar volume. The neighborhood increased its sales by 48.7% compared to 2018, which brings the total sales for this area to $23,978,785. Luxury homes in Soda Creek saw the largest decrease in days on market last year, dropping by 29.9%, bringing the average days on market down to 101 days in 2019 from 144 days in 2018.
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GENESEE January through December
2018
2019
% Change
14
17
21.4%
$324
$389
19.9%
92
96
4.3%
Highest Price
$1,555,000
$2,175,000
39.9%
Average List Price
$1,272,279
$1,496,176
17.6%
Average Sale Price
$1,217,368
$1,432,206
17.6%
92.7%
93.5%
0.8%
$17,043,150
$23,347,500
37.0%
2018
2019
% Change
2
2
0.0%
$424
$440
3.8%
138
284
105.8%
$3,000,000
$1,630,000
-45.7%
Average List Price
$2,187,500
$1,500,000
-31.4%
Average Sale Price
$2,062,500
$1,465,000
-29.0%
January through December 2019
92.9%
87.4%
-5.9%
compared to that of 2018.
$4,125,000
$2,930,000
-29.0%
2018
2019
% Change
13
19
46.2%
$364
$342
-5.9%
26
26
0.0%
$1,630,000
$2,475,000
51.8%
Average List Price
$1,254,615
$1,298,158
3.5%
The average list price within Ridge at
Average Sale Price
$1,240,023
$1,262,041
1.8%
Hiwan increased by 3.5% January through
97.5%
96.5%
-1.0%
December 2019 compared to that of 2018.
$16,120,300
$23,978,785
48.7%
Number of Properties Sold Average Price per Square Foot Average Days on Market
% Sold Price to List Price Total Dollar Volume
HANGEN RANCH January through December Number of Properties Sold Average Price per Square Foot Average Days on Market Highest Price
% Sold Price to List Price Total Dollar Volume
17.6% The average list price within Genesee increased by 17.6% January through December 2019 compared to that of 2018.
3.8% The average price per square foot for luxury properties within the neighborhood of Hangen Ranch increased by 3.8%
RIDGE AT HIWAN January through December Number of Properties Sold Average Price per Square Foot Average Days on Market Highest Price
% Sold Price to List Price Total Dollar Volume
3.5% RESIDENTIAL LUXURY REPORT
+ $1,000,000 Sales
JANUARY - DECEMBER 2019 • COLORADOMARKETREPORTS.COM
RIVA CHASE January through December
26.0%
2018
2019
% Change
3
2
-33.3%
$286
$326
14.1%
85
315
270.6%
$1,400,000
$1,800,000
28.6%
The average sale price for luxury properties
Average List Price
$1,291,333
$1,690,000
30.9%
within the neighborhood of Riva Chase
Average Sale Price
$1,241,667
$1,565,000
26.0%
increased by 26.0% January through
93.1%
80.9%
-13.1%
$3,725,000
$3,130,000
-16.0%
2018
2019
% Change
11
6
-45.5%
$331
$394
19.1%
144
101
-29.9%
Highest Price
$2,212,500
$1,820,000
-17.7%
The average price per square foot for luxury
Average List Price
$1,496,636
$1,531,650
2.3%
properties within the neighborhood of Soda
Average Sale Price
$1,425,655
$1,424,167
-0.1%
Creek increased by 19.1% January through
93.4%
90.9%
-2.7%
December 2019 compared to that of 2018.
$15,682,200
$8,545,000
-45.5%
2018
2019
% Change
5
3
-40.0%
$394
$427
8.4%
13
97
646.2%
Highest Price
$1,500,925
$2,000,000
33.3%
Average List Price
$1,349,400
$1,573,333
16.6%
Average Sale Price
$1,320,685
$1,526,667
15.6%
98.8%
92.1%
-6.7%
$6,648,425
$5,580,000
-16.1%
Number of Properties Sold Average Price per Square Foot Average Days on Market Highest Price
% Sold Price to List Price Total Dollar Volume
SODA CREEK January through December Number of Properties Sold Average Price per Square Foot Average Days on Market
% Sold Price to List Price Total Dollar Volume
December 2019 compared to that of 2018.
19.1%
SPRING RANCH January through December Number of Properties Sold Average Price per Square Foot Average Days on Market
% Sold Price to List Price Total Dollar Volume
14
15.6% The average sale price within Spring Ranch increased by 15.6% January through December 2019 compared to that of 2018.
coloradomarketreports.com
Sold by LIV SIR | 7321 Flagstaff Road, Boulder
BOULDER LUXURY MARKET Situated at the base of the mountains, Boulder County presents a unique opportunity to live in a balance of scenic landscapes and a selection of dining, entertainment, and shopping options. The luxury home market within this area has seen some encouraging growth over the last year, compared to 2018. The total dollar volume sold within Boulder County grew by 2.1% from 2018 to 2019, ending the year with $1,013,837,684 in luxury home sales. Additionally, the number of properties sold increased from 576 sold in 2018 to 589 sold in 2019, a 2.3% rise.
BOULDER COUNTY
Within the county, Central and Historic Boulder January through December 2018 2019 % Change saw the largest boost in the number of properties Number of Properties Sold 576 589 2.3% sold throughout 2019. These neighborhoods Average Price per Square Foot saw a 14.8% increase in luxury homes sold last $429 $465 8.4% year, in comparison to 2018. As far as the most Average Days on Market 87 92 5.7% noticeable increase in average price per square Highest Price $8,137,400 $7,200,000 -11.5% foot, the City of Boulder saw an 8.7% rise in Average List Price $1,793,460 $1,807,350 0.8% price. This growth brings the average price per Average Sale Price $1,724,481 $1,721,286 -0.2% square foot to $514 for luxury homes in this % Sold Price to List Price 96% 95% -1.0% neighborhood. The Foothills Communities, which Total Dollar Volume $993,300,778 $1,013,837,684 2.1% includes Pinebrook Hills, Boulder Heights, Lake of the Pines, Jamestown, and Eldorado Springs, had the most drastic rise in average sale price. Luxury homes in these neighborhoods sold for an average of 33.7% more in 2019 than in 2018, making the average sale price last year $2,005,067.
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. IRES, LLC does not guarantee nor is in any way responsible for its accuracy. Data maintained by IRES,LLC may not reect all real estate activity in the market.
RESIDENTIAL LUXURY REPORT JANUARY - DECEMBER 2019 • COLORADOMARKETREPORTS.COM
CITY OF BOULDER January through December
3.9%
2018
2019
% Change
439
456
3.9%
$473
$514
8.7%
74
86
16.2%
Highest Price
$8,137,400
$7,200,000
-11.5%
The number of luxury properties within the
Average List Price
$1,760,002
$1,781,170
1.2%
City of Boulder increased by 3.9%
Average Sale Price
$1,707,202
$1,727,735
1.2%
January through December 2019
97.0%
97.0%
0.0%
compared to that of 2018.
$749,461,598
$787,847,089
5.1%
Number of Properties Sold Average Price per Square Foot Average Days on Market
% Sold Price to List Price Total Dollar Volume
CENTRAL & HISTORIC BOULDER 2018
2019
% Change
88
101
14.8%
$605
$648
7.1%
65
83
27.7%
5.8%
$5,200,000
$7,200,000
38.5%
The average sale price for luxury properties
Average List Price
$1,891,074
$2,042,968
8.0%
within Central & Historic Boulder increased
Average Sale Price
$1,872,163
$1,981,679
5.8%
by 5.8% January through December 2019
99.0%
97.0%
-2.0%
compared to that of 2018.
$164,750,345
$200,149,615
21.5%
January through December Number of Properties Sold Average Price per Square Foot Average Days on Market Highest Price
% Sold Price to List Price Total Dollar Volume
DOWNTOWN BOULDER 2018
2019
% Change
17
17
0.0%
$770
$639
-17.0%
119
104
-12.6%
12.6%
Highest Price
$5,500,000
$2,495,000
-54.6%
The average days on market for luxury
Average List Price
$1,948,840
$1,597,659
-18.0%
properties within Downtown Boulder
Average Sale Price
$1,929,352
$1,533,753
-20.5%
decreased by 12.6% January through
99.0%
96.0%
-3.0%
December 2019 compared to that of 2018.
$32,798,977
$26,073,800
-20.5%
January through December Number of Properties Sold Average Price per Square Foot Average Days on Market
% Sold Price to List Price Total Dollar Volume
16
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UNIVERSITY HILL & CHAUTAUQUA January through December
5.5%
2018
2019
% Change
55
58
5.5%
$602
$592
-1.7%
69
86
24.6%
$4,300,000
$3,900,000
-9.3%
The number of luxury properties sold
Average List Price
$1,975,844
$1,876,782
-5.0%
within the neighborhood of University Hill &
Average Sale Price
$1,936,328
$1,801,710
-7.0%
Chatauqua increased by 5.5% January through
98.0%
96.0%
-2.0%
December 2019 compared to that of 2018.
$106,498,016
$104,499,200
-1.9%
Number of Properties Sold Average Price per Square Foot Average Days on Market Highest Price
% Sold Price to List Price Total Dollar Volume
BOULDER COUNTY PLAINS January through December
2.4%
2018
2019
% Change
52
45
-13.5%
106
80
-24.5%
Highest Price
$3,124,400
$7,200,000
130.4%
Average List Price
$1,664,451
$1,686,220
1.3%
The average sale price for luxury properties
Average Sale Price
$1,597,873
$1,635,633
2.4%
within Boulder County Plains increased
96.0%
97.0%
1.0%
by 2.4% January through December 2019
$83,089,407
$73,603,504
-11.4%
compared to that of 2018.
Number of Properties Sold Average Days on Market
% Sold Price to List Price Total Dollar Volume
Niwot, Somerset Meadows, White Hawk Ranch, Fairview Estates, Paragon Estates, Spanish Hills
FOOTHILLS COMMUNITIES
33.7%
2018
2019
% Change
Number of Properties Sold
21
15
-28.6%
Average Days on Market
69
87
26.1%
$3,200,000
$5,779,000
80.6%
Average List Price
$1,595,778
$2,045,986
28.2%
The average sale price for luxury properties
Average Sale Price
$1,500,031
$2,005,067
33.7%
within Foothills Communities increased by
94.0%
98.0%
4.3%
33.7% January through December 2019
$31,500,650
$30,076,000
-4.5%
compared to that of 2018.
January through December
Highest Price
% Sold Price to List Price Total Dollar Volume
Pinebrook Hills, Boulder Heights, Lake of the Pines, Jamestown, Eldorado Springs
RESIDENTIAL LUXURY REPORT + $1,000,000 Sales
JANUARY - DECEMBER 2019 • COLORADOMARKETREPORTS.COM
Sold by LIV SIR | 2950 Booth Creek Drive, Vail
VAIL VALLEY LUXURY MARKET The luxury home market in the coveted Vail Valley remained steady throughout 2019. The number of homes sold in this beautiful resort community during 2019 mirrored the total number of homes sold in 2018, both years ending with 108 listings sold.
EAGLE COUNTY
Neighborhoods within the Vail Valley saw tremendous increases in the number of homes sold last year. In fact, two communities saw increases of over 100% in the amount of luxury listings sold. Bachelor Gulch’s homes sales increase by 300%, growing from a single home sold in 2018 to four homes sold in 2019. The number of listings sold in Mountain Star rose by 200% last year, from one sale in 2018 to three sales in 2019.
January through December
2018
2019
% Change
108
108
0.0%
$1,338
$1,338
0.0%
271
313
15.5%
$23,000,000
$20,750,000
-9.8%
Average List Price
$6,510,509
$6,166,569
-5.3%
Average Sale Price
$6,022,503
$5,656,949
-6.1%
92.5%
91.7%
-0.9%
$650,430,299
$610,950,514
-6.1%
Number of Properties Sold Average Price per Square Foot Average Days on Market Highest Price
% Sold Price to List Price Total Dollar Volume
The neighborhood of Arrowhead had the most eager buyers in 2019. The average days on market for luxury homes in this community decreased by more than half, falling 53.1% from 371 days in 2018 to an average of 174 days on market in 2019.
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®. 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.
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ARROWHEAD January through December
15.9%
2018
2019
% Change
7
8
14.3%
$657
$761
15.9%
371
174
-52.9%
$9,525,000
$9,300,000
-2.4%
The average price per square foot within
Average List Price
$4,865,714
$4,896,750
0.6%
Arrowhead increased by 15.9% January through
Average Sale Price
$4,602,143
$4,655,000
1.1%
December 2019 compared to that of 2018.
94.6%
95.1%
0.5%
$32,215,000
$37,240,000
15.6%
2018
2019
% Change
1
4
300.0%
$1,010
$947
-6.2%
6
112
1766.7%
2.0%
Highest Price
$7,500,000
$10,200,000
36.0%
The average sale price for luxury properties
Average List Price
$7,950,000
$7,836,250
-1.4%
within the neighborhood of Bachelor Gulch
Average Sale Price
$7,500,000
$7,648,750
2.0%
increased by 2.0% January through December
94.3%
97.6%
3.5%
2019 compared to that of 2018.
$7,500,000
$30,595,000
307.9%
2018
2019
% Change
15
6
-60.0%
$764
$693
-9.3%
249
565
126.3%
$13,500,000
$7,400,000
-45.2%
Average List Price
$6,638,333
$5,302,500
-20.1%
Average Sale Price
$6,132,000
$4,935,833
-19.5%
92.4%
93.1%
0.8%
$91,980,000
$29,615,000
-67.8%
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
BACHELOR GULCH January through December Number of Properties Sold Average Price per Square Foot Average Days on Market
% Sold Price to List Price Total Dollar Volume Single Family Homes
BEAVER CREEK January through December Number of Properties Sold Average Price per Square Foot Average Days on Market Highest Price
% Sold Price to List Price Total Dollar Volume
0.8% The % sold price to list price for luxury properties within Beaver Creek increased by 0.8% January through December 2019 compared to that of 2018.
Single Family Homes
RESIDENTIAL LUXURY REPORT + $3,000,000 Sales
JANUARY - DECEMBER 2019 • COLORADOMARKETREPORTS.COM
TOWN OF VAIL January through December
2018
2019
% Change
61
55
-9.8%
$1,725
$1,671
-3.1%
LIV SIR represented the
280
351
25.4%
seller for the highest price
$23,000,000
$20,750,000
-9.8%
sale in the Town of Vail
Average List Price
$7,443,246
$7,072,691
-5.0%
for 2019.
Average Sale Price
$6,841,717
$6,513,593
-4.8%
91.9%
92.1%
0.2%
$417,344,750
$358,247,598
-14.2%
2018
2019
% Change
25
20
-20.0%
$2,224
$2,272
2.2%
LIV SIR represented both
347
542
56.3%
the seller and buyer for the
$23,000,000
$19,000,000
-17.4%
highest price sale in Vail
Average List Price
$9,189,240
$8,529,900
-7.2%
Village for 2019.
Average Sale Price
$8,515,600
$7,912,875
-7.1%
92.7%
92.8%
0.1%
$212,890,000
$158,257,500
-25.7%
2018
2019
% Change
17
9
-47.1%
$1,870
$1,739
-7.0%
186
311
67.1%
$10,500,000
$8,500,000
-19.0%
The % sold price to list price for luxury
$6,276,471
$4,731,667
-24.6%
properties within Lionshead increased by
$5,908,000
$4,501,944
-23.8%
1.1% January through December 2019
94.1%
95.2%
1.1%
compared to that of 2018.
$100,436,000
$40,517,500
-59.7%
Number of Properties Sold Average Price per Square Foot Average Days on Market Highest Price
% Sold Price to List Price Total Dollar Volume All Properties
VAIL VILLAGE January through December Number of Properties Sold Average Price per Square Foot Average Days on Market Highest Price
% Sold Price to List Price Total Dollar Volume All Properties
LIONSHEAD January through December Number of Properties Sold Average Price per Square Foot Average Days on Market Highest Price Average List Price Average Sale Price % Sold Price to List Price Total Dollar Volume
1.1%
All Properties
20
coloradomarketreports.com
VAIL GOLF COURSE/SPRADDLE CREEK January through December
23.4%
2018
2019
% Change
6
10
66.7%
$1,345
$1,659
23.4%
367
210
-42.8%
$18,500,000
$20,750,000
12.2%
The average price per square foot within
Average List Price
$10,415,833
$11,082,500
6.4%
Vail Golf Course/Spraddle Creek increased
Average Sale Price
$9,082,292
$9,784,079
7.7%
87.2%
88.3%
1.2%
$54,493,750
$97,840,788
79.5%
2018
2019
% Change
1
3
200.0%
$620
$634
2.2%
738
544
-26.2%
Highest Price
$5,425,000
$6,500,000
19.8%
Average List Price
$5,950,000
$5,098,333
-14.3%
Average Sale Price
$5,425,000
$4,365,000
-19.5%
91.2%
85.6%
-6.1%
$5,425,000
$13,095,000
141.4%
Number of Properties Sold Average Price per Square Foot Average Days on Market Highest Price
% Sold Price to List Price Total Dollar Volume
by 23.4% January through December 2019 compared to that of 2018.
All Properties
MOUNTAIN STAR January through December Number of Properties Sold Average Price per Square Foot Average Days on Market
% Sold Price to List Price
Total Dollar Volume
2.2% The average price per square foot for luxury properties within the neighborhood of Mountain Star increased by 2.2% January through December 2019 compared to that of 2018.
All Properties
RESIDENTIAL LUXURY REPORT + $3,000,000 Sales
JANUARY - DECEMBER 2019 • COLORADOMARKETREPORTS.COM
Sold by LIV SIR | 164 Imperial Way, Breckenridge
SUMMIT COUNTY LUXURY MARKET The luxury real estate market in Summit County during 2019 was quite active and allowed for many consumers to buy and sell homes successfully. The overall total dollar volume for this mountain region increased by an impressive 26%, from $210,859,840 in 2018 to $265,629,197 in 2019. The number of properties sold grew by 6.3%, bringing the total number of listings sold in Summit County last year to 85. The average sale price for homes increased by a notable 18.6%. In 2019, the average sale price for January through December 2018 2019 % Change homes in Summit County was $3,125,049.
SUMMIT COUNTY
Number of Properties Sold
Average Price per Square Foot Breckenridge, one of the country’s most popular Average Days on Market ski resort destinations, saw a 7.7% increase in the number of luxury homes sold, ending 2019 with Highest Price a total of 56 properties sold. Copper Mountain, Average List Price another favorite resort town in the county, Average Sale Price experienced an 8.6% increase in the average % Sold Price to List Price sale prices for homes. Luxury homes in Keystone Total Dollar Volume during 2019 had the largest dip in average days spent on the market. Properties in this area stayed on the market 3.7% fewer days in 2019 than they did in 2018, typically spending 104 days on the market.
80
85
6.3%
$601
$655
9.0%
150
165
10.0%
$4,700,000
$10,100,000
114.9%
$3,205,421
$3,168,415
-1.2%
$2,635,748
$3,125,049
18.6%
94.4%
94.8%
0.4%
$210,859,840
$265,629,197
26.0%
An increase in sales volume and the number of properties sold illustrates a healthy real estate market in this beloved mountain and resort community.
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.
22
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BRECKENRIDGE January through December
7.7%
2018
2019
% Change
52
56
7.7%
$560
$658
17.5%
153
167
9.2%
Highest Price
$4,700,000
$10,100,000
114.9%
The number of sold luxury properties in
Average List Price
$2,889,923
$3,685,786
27.5%
Breckenridge increased by 7.7%
Average Sale Price
$2,735,173
$3,496,338
27.8%
January through December 2019
94.8%
95.6%
0.9%
compared to that of 2018.
$142,229,000
$195,794,900
37.7%
2018
2019
% Change
3
2
-33.3%
$545
$547
0.3%
325
385
18.5%
8.6%
Highest Price
$3,500,000
$3,380,000
-3.4%
The average sale price for luxury properties in
Average List Price
$2,928,333
$3,270,000
11.7%
Copper Mountain increased by 8.6%
Average Sale Price
$2,959,500
$3,215,000
8.6%
January through December 2019
105.0%
98.3%
-6.4%
compared to that of 2018.
$8,878,500
$6,430,000
-27.6%
2018
2019
% Change
5
3
-40.0%
$459
$591
28.9%
LIV SIR participated in 67%
108
104
-3.7%
of new luxury single family
Highest Price
$3,050,000
$3,450,000
13.1%
listings within Keystone
Average List Price
$2,825,000
$3,016,667
6.8%
in 2019.
Average Sale Price
$2,709,368
$3,204,903
18.3%
96.1%
106.8%
11.2%
$13,546,840
$9,614,708
-29.0%
Number of Properties Sold Average Price per Square Foot Average Days on Market
% Sold Price to List Price Total Dollar Volume Single Family Homes
COPPER MOUNTAIN January through December Number of Properties Sold Average Price per Square Foot Average Days on Market
% Sold Price to List Price Total Dollar Volume Single Family Homes
KEYSTONE January through December Number of Properties Sold Average Price per Square Foot Average Days on Market
% Sold Price to List Price Total Dollar Volume Single Family Homes
RESIDENTIAL LUXURY REPORT + $2,000,000 Sales
JANUARY - DECEMBER 2019 • COLORADOMARKETREPORTS.COM
CRESTED BUTTE LUXURY MARKET Crested Butte’s luxury market, situated within Gunnison County, is a small community with a big market for luxury real estate. In 2019, Gunnison County had a staggering 162.5% increase in the number of properties sold, from eight homes in 2018 to 21 homes last year. Even more impressive, the total sales by dollar volume grew January through December 2018 2019 % Change by 184.4%, bringing the year-end sales total to $58,876,000. Number of Properties Sold 8 21 162.5%
GUNNISON COUNTY $636
$813
27.8%
226
235
4.0%
$3,850,000
$4,461,500
15.9%
Average List Price
$3,018,194
$3,337,555
10.6%
Average Sale Price
$2,587,531
$2,803,619
8.4%
95.8%
89.6%
-6.5%
$20,700,250
$58,876,000
184.4%
Average Price per Square Foot
Single family homes in the Town of Crested Butte saw similar success last year, with the number of properties sold rising 133.3%, growing from three homes sold in 2018 to seven homes sold in 2019. Total dollar volume for the luxury sector of the market within the Town of Crested Butte also experienced a significant boost, increasing by 137.9% from 2018 to 2019 to reach $20,305,500.
Average Days on Market Highest Price
% Sold Price to List Price Total Dollar Volume
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.
24
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TOWN OF CRESTED BUTTE January through December
2018
2019
% Change
3
7
133.3%
$678
$961
41.7%
262
186
-29.0%
Highest Price
$3,850,000
$4,461,500
15.9%
Average List Price
$3,030,000
$3,058,571
0.9%
Average Sale Price
$2,845,000
$2,900,785
2.0%
93.9%
94.8%
1.0%
$8,535,000
$20,305,500
137.9%
2018
2019
% Change
1
1
0.0%
$663
$393
-40.7%
LIV SIR participated in the
30
82
173.3%
only luxury single family
Highest Price
$2,365,250
$2,170,000
-8.3%
home sold within Mt.
Average List Price
$2,450,000
$2,300,000
-6.1%
Crested Butte in 2019.
Average Sale Price
$2,365,250
$2,170,000
-8.3%
96.5%
94.3%
-2.3%
$2,365,250
$2,170,000
-8.3%
Number of Properties Sold Average Price per Square Foot Average Days on Market
% Sold Price to List Price Total Dollar Volume
133.3% The number of luxury properties sold within Town of Crested Butte increased by 133.3% January through December 2019 compared to that of 2018.
Single Family Homes
MT CRESTED BUTTE January through December Number of Properties Sold Average Price per Square Foot Average Days on Market
% Sold Price to List Price Total Dollar Volume Single Family Homes
RESIDENTIAL LUXURY REPORT + $2,000,000 Sales
JANUARY - DECEMBER 2019 • COLORADOMARKETREPORTS.COM
Sold by LIV SIR | 240 Cortina Drive, Mountain Village
TELLURIDE LUXURY MARKET Deep into the Rocky Mountains, the resort community of Telluride has a lively luxury real estate market. During 2019, the number of properties sold increased by 39.4%, growing from 33 homes sold in 2018 to 46 homes sold in 2019. Along with the rise in properties sold, the total dollar volume increased by 53.6%, reaching a year-end total of $229,595,375. The average sale price for homes in this gorgeous mountain community also rose over the course of 2019, climbing by 10.2%, January through December 2018 2019 % Change making the average sale price for luxury homes in Telluride $4,991,204. Number of Properties Sold 33 46 39.4%
SAN MIGUEL COUNTY
Average Price per Square Foot
$967
$1,166
20.6%
Within this community, Mountain Village Average Days on Market 371 649 74.9% showed strength in its luxury single family home Highest Price $7,850,000 $16,250,000 107.0% market. The number of single family homes that sold in 2019 spiked by an incredible 72.7% Average List Price $4,780,818 $5,419,152 13.4% in comparison to 2018. A total of 19 homes sold Average Sale Price $4,530,015 $4,991,204 10.2% during 2019, up from 2018 when 11 homes sold. % Sold Price to List Price 94.75% 92.10% -2.8% This increase in sold homes results in an elevated Total Dollar Volume $149,490,500 $229,595,375 53.6% total dollar volume which finished out the year at $104,294,500, a 136% increase from the previous year. Mountain Village also witnessed the most significant rise in highest sale price, jumping up 149.6% from 2019 to 2018, with the sale of a $16,250,000 home last year. Surrounding neighborhoods which include Aldasoro Ranch, Elk Run, GrayHead, Idarado Legacy, Raspberry Patch, Ski Ranches, The Preserve, and West Meadows also saw a substantial growth in properties sold during 2019, rising by 25% in comparison to 2018. 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.
26
coloradomarketreports.com
TOWN OF TELLURIDE January through December
5.2%
2018
2019
% Change
10
6
-40.0%
$1,353
$1,673
23.7%
242
308
27.3%
Highest Price
$7,688,000
$7,625,000
-0.8%
The average sale price in the Town of Telluride
Average List Price
$4,696,400
$5,052,833
7.6%
increased by 5.2% January through December
Average Sale Price
$4,559,300
$4,795,833
5.2%
2019 compared to that of 2018.
97.1%
94.9%
-2.2%
$45,593,000
$28,775,000
-36.9%
2018
2019
% Change
11
19
72.7%
$756
$890
17.7%
400
787
96.8%
Highest Price
$6,510,000
$16,250,000
149.6%
The number of luxury properties sold within
Average List Price
$4,319,545
$6,082,579
40.8%
Mountain Village increased by 72.7% January
Average Sale Price
$4,017,273
$5,489,184
36.6%
through December 2019 compared to that of
93.0%
90.2%
-3.0%
2018
$44,190,000
$104,294,500
136.0%
Number of Properties Sold Average Price per Square Foot Average Days on Market
% Sold Price to List Price Total Dollar Volume Single Family Homes
MOUNTAIN VILLAGE January through December Number of Properties Sold Average Price per Square Foot Average Days on Market
% Sold Price to List Price Total Dollar Volume
72.7%
Single Family Homes
SURROUNDING NEIGHBORHOODS 2018
2019
% Change
4
5
25.0%
$658
$1,054
60.2%
273
345
26.4%
Highest Price
$7,500,000
$8,400,000
12.0%
Average List Price
$6,786,250
$5,679,999
-16.3%
Average Sale Price
$6,084,375
$5,335,175
-12.3%
88.9%
93.9%
5.6%
$24,337,500
$26,675,875
9.6%
January through December Number of Properties Sold Average Price per Square Foot Average Days on Market
% Sold Price to List Price Total Dollar Volume
9.6% The total dollar volume for Surrounding Neighborhoods increased by 9.6% January through December 2019 compared to that of 2018.
Aldasoro Ranch, Elk Run, GrayHead, Idarado Legacy, Raspberry Patch, Ski Ranches, The Preserve, and West Meadows
RESIDENTIAL LUXURY REPORT + $3,000,000 Sales
JANUARY - DECEMBER 2019 • COLORADOMARKETREPORTS.COM
The life you love.
livsothebysrealty.com | coloradomarketreports.com