Market Metrics:

By the numbers, the inventory of available homes for sale is 975 homes at month end, 370 homes came onto the market, 192 homes were placed under contract, and 229 homes closed for $1 Million or greater with an average sold price of $1,535,314 resulting in a closed dollar volume of $351.6 Million.

 

Monthly Market Recap:

Single Family                          Condo

Active Inventory at month end                            872                                           103

New Listings                                                     322                                           48

Under Contract                                                 169                                           23

Number Sold                                                     205                                           24

Average Sold Price                                           $1,504,575                                $1,797,877

Closed $ Volume                                               $308.4 Million                           $43.1 Million

Lowest Sold Price                                             $1,000,000                                $1,050,000

Highest Sold Price                                            $4,775,000                                $6,742,620

Average Price/Square Foot (Above Ground)       $422                                         $684

Average Price/Square Foot (Total)                     $283                                         $623

Sold Price as % of List Price                              97.73%                                     98.64%

Average Days on Market                                   62                                            141

           

Of the 205 Single Family homes sold, the highest priced closing for the month was $4.775 Million representing 5 Bedrooms, 7 Bathrooms, and 6,406 above ground square feet.

 

Of the 24 Condo homes sold, the highest priced closing for the month was $6.74 Million representing 3 Bedrooms, 4 Bathrooms, and 4,761 above ground square feet.

 

 

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

 

Single Family                          Condo             

 

Number Sold                                                     908                   (↑7%)               129                   (↑45%)

Average Sold Price                                           $1,532,563        (↑1%)               $1,658,487            (↑6%)

Closed $ Volume                                               $1.39 Billion      (↑8%)               $213.9 Million  (↑54%)

Lowest Sold Price                                             $1,000,000                                $1,000,000

Highest Sold Price                                            $8,500,000                                $10,750,000

Average Price/Square Foot (Above Ground)       $428                                         $679

Average Price/Square Foot (Total)                     $281                                         $622                             Price as % of List Price                                     97.48%             (↓0%)               98.02%             (↑1%)

Average Days on Market                                   76                    (↓13%)             164                   (↑40%)

 

One Thousand Thirty Seven (1,037) homes closed YTD June 30, 2019 for $1 Million or greater with an average sold price of $1,548,227 resulting in a closed dollar volume of $1.61 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 – July 5, 2019