Market Metrics:

By the numbers, the inventory of available homes for sale is 1,411 at month end, 494 homes came onto the market, 476 homes were placed under contract, and 665 homes closed between $500,000 and $749,999 with an average sold price of $597,167 resulting in a closed dollar volume of $397.1 Million.

 

Monthly Market Recap:

.                                                                       Single Family                           Condo

Active Listings at Month End                              1,146                                        265

New Listings                                                     425                                           69

Under Contract                                                  421                                           55

Number Sold                                                    579                                           86

Average Sold Price                                            $599,713                                   $580,025

Closed $ Volume                                               $347.2 Million                            $49.9 Million

Lowest Sold Price                                             $500,000                                   $500,000

Highest Sold Price                                             $749,000                                   $740,412

Average Price/Square Foot (Above Ground)       $273                                         $347

Average Price/Square Foot (Total)                      $178                                         $312

Sold Price as % of List Price                              98.61%                                     98.84%

Average Days on Market                                    61                                             181

           

Of the 579 Single Family homes sold, the highest priced closing for the month was $749,000 representing 4 Bedrooms, 3 Bathrooms, and 2,674 above ground square feet.

 

Of the 86 Condo homes sold, the highest priced closing for the month was $740,412 representing 2 Bedrooms, 3 Bathrooms, and 1,993 above ground square feet.

 

 

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

 

Single Family                           Condo             

 

Number Sold                                                    9,296                (↑15%)              1,526                (↑28%)

Average Sold Price                                            $593,348           (↑1%)                $594,519           (↓1%)

Closed $ Volume                                               $5.5 Billion        (↑16%)              $907.2 Million    (↑27%)

Lowest Sold Price                                             $500,000                                   $500,000

Highest Sold Price                                             $749,950                                   $749,900

Average Price/Square Foot (Above Ground)       $291                                         $367

Average Price/Square Foot (Total)                      $190                                         $325

Sold Price as % of List Price                              99.60%             (↑0%)                99.50%             (↑0%)

Average Days on Market                                    38                     (↓21%)              224                   (↑37%)

 

Ten Thousand Eight Hundred Twenty Two (10,822) homes closed YTD December 31, 2018 between $500,000 and $749,999 with an average sold price of $593,543 resulting in a closed dollar volume of $6.4 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 – January 5, 2019