Market Metrics:

By the numbers, the inventory of available homes for sale is 846 homes at month end, 581 homes came onto the market, 322 homes were placed under contract, and 331 homes closed between $750,000 and $999,999 with an average sold price of $846,446 resulting in a closed dollar volume of $280.2 Million.

 

Monthly Market Recap:

.                                                                       Single Family                           Condo

Active Listings at Month End                              672                                           174

New Listings                                                     499                                           82

Under Contract                                                  290                                           32

Number Sold                                                    279                                           52

Average Sold Price                                            $843,809                                   $860,598

Closed $ Volume                                               $235.4 Million                            $44.8 Million

Lowest Sold Price                                             $750,000                                   $750,000

Highest Sold Price                                             $995,000                                   $982,500

Average Price/Square Foot (Above Ground)       $341                                         $460

Average Price/Square Foot (Total)                      $224                                         $398

Sold Price as % of List Price                              99.28%                                     98.61%

Average Days on Market                                    38                                             217

 

Of the 279 Single Family homes sold, the highest priced closing for the month was $995,000 representing 4 Bedrooms, 4 Bathrooms, and 1,626 above ground square feet.

 

Of the 52 Condo homes sold, the highest priced closing for the month was $982,500 representing 3 Bedrooms, 4 Bathrooms, and 2,517 above ground square feet.

 

 

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

 

Single Family                           Condo             

 

Number Sold                                                    859                   (↓0%)                196                   (↑13%)

Average Sold Price                                            $844,205           (↓1%)                $852,850           (↑2%)

Closed $ Volume                                               $725.2 Million    (↓1%)                $167.2 Million    (↑14%)

Lowest Sold Price                                             $750,000                                   $750,000

Highest Sold Price                                             $999,900                                   $999,999

Average Price/Square Foot (Above Ground)       $336                                         $419

Average Price/Square Foot (Total)                      $219                                         $350

Sold Price as % of List Price                              99.00%             (↑0%)                98.78%             (↓1%)

Average Days on Market                                    56                     (↓3%)                146                   (↑22%)

 

One Thousand Fifty Five (1,055) homes closed YTD May 31, 2019 between $750,000 and $999,999 with an average sold price of $845,811 resulting in a closed dollar volume of $892.3 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 – June 6, 2019