Market Metrics:

By the numbers, the inventory of available homes for sale is 2,358 at month end, 1,350 homes came onto the market, 1,062 homes were placed under contract, and 1,262 homes closed between $500,000 and $749,999 with an average sold price of $593,203 resulting in a closed dollar volume of $748.6 Million.

 

Monthly Market Recap:

.                                                                       Single Family                          Condo

Active Listings at Month End                              1,961                                        397

New Listings                                                     1,152                                        198

Under Contract                                                 949                                           113

Number Sold                                                     1,106                                        156

Average Sold Price                                           $595,758                                  $575,090

Closed $ Volume                                               $658.9 Million                           $89.7 Million

Lowest Sold Price                                             $500,000                                  $500,000

Highest Sold Price                                            $748,000                                  $749,000

Average Price/Square Foot (Above Ground)       $300                                         $370

Average Price/Square Foot (Total)                     $195                                         $330

Sold Price as % of List Price                              99.32%                                     99.38%

Average Days on Market                                   31                                            111

           

Of the 1,106 Single Family homes sold, the highest priced closing for the month was $748,000 representing 4 Bedrooms, 5 Bathrooms, and 1,998 above ground square feet.

 

Of the 156 Condo homes sold, the highest priced closing for the month was $749,000 representing 3 Bedrooms, 4 Bathrooms, and 2,139 above ground square feet.

 

 

Year-to-Date Market Recap with Year Over Year % Comparisons:

 

Single Family                          Condo             

 

Number Sold                                                     6,107                (↑4%)               921                   (↓3%)

Average Sold Price                                           $594,618          (↑0%)               $591,426            (↑0%)

Closed $ Volume                                               $3.6 Billion        (↑5%)               $544.7 Million  (↓4%)

Lowest Sold Price                                             $500,000                                  $500,000

Highest Sold Price                                            $749,900                                  $749,900

Average Price/Square Foot (Above Ground)       $294                                         $371

Average Price/Square Foot (Total)                     $194                                         $329

Sold Price as % of List Price                              99.30%             (↓1%)               99.13%             (↓0%)

Average Days on Market                                   40                    (↑14%)             155                   (↓30%)

 

Seven Thousand Twenty Eight (7,028) homes closed YTD July 31, 2019 between $500,000 and $749,999 with an average sold price of $594,194 resulting in a closed dollar volume of $4.2 Billion.

 

The above representation covers a seven (7) county area including the counties of Adams, Arapahoe, Broomfield, Denver, Douglas, Elbert, and Jefferson.

The above representation may or may not reflect all real estate activity in the market.

Source of the data:  REcolorado.com – August 10, 2019