Market Metrics:

By the numbers, the inventory of available homes for sale is 667 homes at month end, 289 homes came onto the market, 152 homes were placed under contract, and 115 homes closed for $1 Million or greater with an average sold price of $1,511,892 resulting in a closed dollar volume of $173.9 Million.

 

Monthly Market Recap:

Single Family                           Condo

Active Inventory at month end                            580                                           87

New Listings                                                     251                                           38

Under Contract                                                  134                                           18

Number Sold                                                    102                                           13

Average Sold Price                                            $1,515,488                                $1,483,675

Closed $ Volume                                               $154.6 Million                            $19.3 Million

Lowest Sold Price                                             $1,000,000                                $1,006,020

Highest Sold Price                                             $8,200,000                                $3,950,000

Average Price/Square Foot (Above Ground)       $421                                         $672

Average Price/Square Foot (Total)                      $279                                         $565

Sold Price as % of List Price                              97.38%                                     95.88%

Average Days on Market                                    111                                           201

           

Of the 102 Single Family homes sold, the highest priced closing for the month was $8.2 Million representing 7 Bedrooms, 12 Bathrooms, and 12,878 above ground square feet.

 

Of the 13 Condo homes sold, the highest priced closing for the month was $3.95 Million representing 4 Bedrooms, 5 Bathrooms, and 4,753 above ground square feet.

 

 

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

 

Single Family                           Condo             

 

Number Sold                                                    174                   (↑3%)                23                     (↓12%)

Average Sold Price                                            $1,496,535        (↑1%)                $1,942,077        (↑35%)

Closed $ Volume                                               $260.4 Million    (↑4%)                $44.7 Million     (↑19%)

Lowest Sold Price                                             $1,000,000                                $1,006,020

Highest Sold Price                                             $8,200,000                                $10,750,000

Average Price/Square Foot (Above Ground)       $418                                         $688

Average Price/Square Foot (Total)                      $274                                         $596                             Price as % of List Price                                               96.90%             (↓0%)                96.44%             (↓1%)

Average Days on Market                                    114                   (↓12%)              160                   (↑80%)

 

One Hundred Ninety Seven (197) homes closed YTD February 28, 2019 for $1 Million or greater with an average sold price of $1,548,552 resulting in a closed dollar volume of $305.1 Million.

 

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 – March 5, 2019