The August numbers are out for Denver Luxury homes and the news continues to be positive. There was a significant increase in luxury home sales in August compared to the same month last year and the year to date total is up by 42 percent compared to 2012.
The Denver Business Journal has the latest information here:
There were 63 homes with a price tag of more than $1 million sold in August, up from the 49 sold in the same month in 2012.
There was a month-over-month dropoff, however, as there were 85 homes sold in July. But year to date, the volume of luxury homes sold in metro Denver stood at 483 transactions with a total dollar volume of $731,373,341 though August, up 42 percent in both measures from the same period in 2012.
The average sales price in August stood at $1.475 million, up 1.8 percent from the $1.449 average price in August 2012.
While these numbers account for the entire Denver homes market, these numbers tend to be spread evenly over the major sub markets. For example, the activity for Highlands Ranch luxury homes has been high and we are seeing the same thing for most other areas.
As a reminder, luxury homes are considered any home with a sales price of $1 million or above. It’s a vague classification as a sale for $999,999 would not be included, so if you would like a detailed report for a specific area or price range, give us a call.
We will continue to update you with the latest stats as they come in, but always feel free to contact us with your specific questions at 303-726-1874.