We have been watching the market for Denver Luxury Homes closly over the ups and downs of the past several years. As we continue to report, the market has been experiencing a consistent upward trend. Every month for the last several month, sales of Denver Luxury homes have posted a year-over-year trend. This month was no different.
From the Denver Business Journal:
In what’s supposed to be a slower time of year for residential real estate sales, luxury homes in metro Denver kept selling strong in September, according to a new report by Coldwell Banker Residential Brokerage.
There were 69 homes, with a price of more than a $1 million each, that sold in metro Denver in September, a 38 percent year-over-year increase. Though that was less than the 74 sold in August, experts attributed that to the seasonal drop-off in sales.
These numbers are very opsitive and bode well for the Denver housing market at large. While there have been several Denver Luxury Foreclosures on the market over the past year, these sales have not hurt the overall sales numbers in the luxury market in general.
The luxury housing market is a completely different animal than the traditional housing market. Homes over the $1 million dollar mark require a different set of skills from an agent. If you would like to talk to one of our experts, call us today at 303-726-1874.
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