Market Metrics:

By the numbers, the inventory of available homes for sale is 686 homes at month end, 284 homes came onto the market, 202 homes were placed under contract, and 186 homes closed between $750,000 and $999,999 with an average sold price of $840,987 resulting in a closed dollar volume of $156.4 Million.

Monthly Market Recap:

.                                                                       Single Family                           Condo

Active Listings at Month End                              525                                           161

New Listings                                                     229                                           55

Under Contract                                                  172                                           30

Number Sold                                                    167                                           19

Average Sold Price                                            $840,315                                   $846,895

Closed $ Volume                                               $140.3 Million                            $16.1 Million

Lowest Sold Price                                             $750,000                                   $750,000

Highest Sold Price                                             $999,000                                   $987,500

Average Price/Square Foot (Above Ground)       $329                                         $408

Average Price/Square Foot (Total)                      $217                                         $358

Sold Price as % of List Price                              98.53%                                     97.85%

Average Days on Market                                    67                                             37

 

Of the 167 Single Family homes sold, the highest priced closing for the month was $999,000 representing 4 Bedrooms, 4 Bathrooms, and 4,000 above ground square feet.

 

Of the 19 Condo homes sold, the highest priced closing for the month was $987,500 representing 4 Bedrooms, 4 Bathrooms, and 2,761 above ground square feet.

 

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

 

Single Family                           Condo             

 

Number Sold                                                    1,883                (↑19%)              354                   (↑44%)

Average Sold Price                                            $850,940           (↑0%)                $842,971           (↑1%)

Closed $ Volume                                               $1.60 Billion      (↑19%)              $298.4 Million    (↑45%)

Lowest Sold Price                                             $750,000                                   $750,000

Highest Sold Price                                             $999,999                                   $998,750

Average Price/Square Foot (Above Ground)       $333                                         $402

Average Price/Square Foot (Total)                      $216                                         $340

Sold Price as % of List Price                              99.19%             (↑1%)                99.31%             (↑1%)

Average Days on Market                                    51                     (↓29%)              118                   (↑42%)

 

Two Thousand Two Hundred Thirty Seven (2,237) homes closed YTD October 31, 2018 between $750,000 and $999,999 with an average sold price of $849,679 resulting in a closed dollar volume of $1.9 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 – November 8, 2018