More great news is being reported today on Denver Luxury Homes. While the market for homes over $1 million has been improving over the past year, the dramatic increase of 38% in August 2012 over August 2011 is staggering.
The Denver Business Journal has the details:
The number of metro-Denver homes with a price tag of $1 million or higher that sold in August jumped dramatically from the same month a year earlier, according to a Coldwell Banker Residential Brokerage report released Friday.
There were 73 luxury homes sold in the metro Denver area last month, a 38 percent surge over the 53 luxury homes sold in August 2011, the report states.
The market for Denver homes has been increasing for over a year now, but the Denver Luxury homes market typically lags behind the market in general. t is incredibly encouraging to see numbers like this in the high end market.
With the inventory of Denver foreclosures declining and the buyer demand surging, the local market is poised for a substantial recovery.
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