Luxury Home Sales - Denver CO - July 2012

By
Real Estate Broker/Owner with Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 DRE# IR40011786
http://actvra.in/G2w

 Luxury Home Sales - Denver CO - July 2012


Denver

 

Sales of luxury homes in the Denver metro area over $1 million showed some slowing in the month of July.     52 properties sold in July, which is a decrease of 19 sales over the 71 sales in June.    The number of active listings increased slightly over June's listings.




Sales data represents detached single family homes only.


luxury home


There are 7 listings showing pending status and 95 under contract as of today.  (Pending status is a verbal approval from a bank either on a short sale or a bank foreclosure.)    There are 13 active bank foreclosures and 9 short sale opportunities over $1 million.


Luxury home


Of the sales in July 2012, twelve were paid for with Cash, no bank owned properties sold, one was a short sale, and three were new construction sold by the builder.



Here are the sales by City within the Denver metro area -


Luxury Home Sales - July 2012


There were five sales that remained on the market for over a year (one almost two years), which inflates the days on market much longer that normal for these stats.     There were seven homes that sold in under one week!


Highest Sale in Denver July 2012

Photo courtesy of Metrolist


The highest luxury sale in Denver in July 2012 was $7,500,000 paid for with cash.    This Cherry Hills Village home is located on the highest point in Cherry Hills on 5.34 acres with breath-taking views of the mountains.     Built in 2000, this English Country Estate featured 5 bedrooms, 8 bathrooms and a 4 car garage.     There is an indoor pool/spa and a sport court!     SOLD in 37 days!


Peyton Manning did help our luxury sales for the month of July 2012.   Welcome to Denver Peyton, and look forward to our upcoming Bronco season!


Here is the data for luxury home sales for the first half of 2012 to show the activity month by month at a glance.  


Luxury sales - 2012 Graph


If you are looking to buy or sell a luxury home in the Denver metro area, please give me a call, or if you would like any information on attached luxury homes!

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Metro Brokers - House to Home, Inc.House to Home

GRI, ABR, CRS, CNE, e-Pro  

Broker/Owner

Joan@JoanCox.com

720-231-6373

 

Denver Real Estate

Homes for Sale in Denver

Neighborhoods in Denver

 
  A Denver Metropolitan Realtor

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Topic:
Real Estate Market Trends
Location:
Colorado Denver County Denver
Groups:
Local Real Estate Market Reports
Market Reports
City & State: Listings and Market Reports
Luxury Real Estate
Posts to Localism
Tags:
denver realtor
luxury homes in denver
denver million dollar homes
sold luxury homes denver
luxury home sales in denver

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Show All Comments
Rainmaker
1,340,307
Anita Clark
Realtor - Homes for Sale in Warner Robins GA
ColdwellBanker SSK Realtors ~ 478.960.8055

Joan: Despite the July slowdown, some incredible properties were sold in Denver CO last month.  Excellent real estate market report.

August 06, 2012 06:48 AM
Ambassador
829,039
John McCormack
AlbuquerqueHomes.com
Albuquerque Homes Realty * www.AlbuquerqueHomes.com

Good morning Joan -

A good report on luxury homes in Denver CO.  Anyone looking for a knowledgeable Realtor® in the Denver CO area would be wise to contact you for all their luxury real estate needs! 

August 06, 2012 07:03 AM
Rainmaker
532,617
Morgan Evans
LICENSED REAL ESTATE SALESPERSON
Douglas Elliman Real Estate

You have some very nice luxury homes for sale in Denver, CO. 

August 06, 2012 07:14 AM
Rainmaker
1,439,823
Lawrence "Larry" & Sheila Agranoff. Call 631-805-4400 (c)
Long Island Condo & Home Sale Specialists
Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803

Joan, 7 luxury homes selling in under one week is quite an accomplishment. Denver is rocking!

August 06, 2012 07:15 AM
Rainer
185,098
Irene Durocher
homesweethome4u@att.net
Coldwell Banker BUYERS AGENT

Hi Joan, it is good news that Luxury Homes are selling quickly in the Denver area.

I love the Wine Tasting Room.

Here is to continued sales in the Denver area for you.

Have an awesome day.

August 06, 2012 07:28 AM
Rainmaker
233,579
David Grbich
Orange County Real Estate - 949-500-0484
Ventana Coastal Properties - www.FindCARealEstate.com

Hi Joan, some great luxury home sale results for Denver. Pretty amazing that out of 52 sales only one was a short sale and no bank owned. Good luck with your Denver luxury home sales! Regards Dave

August 06, 2012 07:28 AM
Rainmaker
1,370,801
Rebecca Gaujot, Realtor®
Lewisburg WV Real Estate, Greenbrier County
Coldwell Banker Stuart & Watts Real Estate

Joan, another great market report. I had to smile when I read 52 homes sold in July...that is what we have sold since the first of the year....Denver real estate is really moving and of course you are doing a  great job as the top Denver Realtor.

August 06, 2012 08:29 AM
Rainmaker
305,803
William True
Sarasota Real Estate
True Sarasota Real Estate

Good morning, Joan --- very nice real estate market report on luxury home sales in Denver CO! Wishing you a great day and week ahead.

August 06, 2012 08:41 AM
Rainmaker
299,221
Peg Barcelo
The FlufftasticStager from Summerland, BC
Fluff My House! Home Staging Inc. 250.486.6369

Joan, great report about your area market! Love that wine tasting room. I wonder who has 7 million in cash... I wonder if they want to adopt me...

August 06, 2012 08:48 AM
Rainmaker
1,884,789
Roy Kelley
Roy and Dolores Kelley Photographs
Retired Real Estate Broker, Maryland Blogger

It looks like it is time for you to step up you luxury home sales activities.

Have a very special week.

 

August 06, 2012 11:58 AM
Rainmaker
508,557
Mary Douglas
REALTOR, Red Feather Lakes, Colorado
United Country Ponderosa Realty

Hi Joan,

Great report and photos- I do love the wine cellar and especially the ceiling in that room.  That's incredible.

August 06, 2012 01:49 PM
Rainmaker
452,217
Jan Green
RE/MAX Excalibur Scottsdale REALTOR®, GREEN®
Scottsdale, Phoenix, Cave Creek, Carefree, Fountain Hills

Joan - great reporting!  Love the depty of your information, and especially how quick these homes are selling.  Best of luck!

August 06, 2012 02:00 PM
Ambassador
1,722,857
Barbara-Jo Roberts Berberi & Corinna Birgit Cromartie
Palm Harbor & Dunedin FL Residential Real Estate
Charles Rutenberg Realty

This is not only a great report, but a wonderful attention getter with those fab photos!

August 06, 2012 02:19 PM
Rainmaker
492,911
Amanda S. Davidson
Your Northern Virginia Realtor
Living A Dream Real Estate

Joan- Very concise and easy to read market report. Great job! You're lucky to have Peyton, such a class act.

August 06, 2012 02:25 PM
Ambassador
1,260,284
Silvia Dukes PA, REALTOR
Florida Waterfront and Country Club Living
Tropic Shores Realty - Ich spreche Deutsch!
Joan, another comprehensive and informative report on the luxury home market in the Denver area. You are right, data needs to be interpreted correctly as you are well explaining with the days-on-market example!
August 06, 2012 04:54 PM
Ambassador
803,121
Debbie Laity
Your Real Estate Resource for Delta County, CO
Cedaredge Land Company

For all your Denver, Colorado real estate needs, call Joan Cox. Joan Cox is the Denver, Colorado real estate expert. She can help you with buying, selling and relocating.

August 06, 2012 07:03 PM
Ambassador
1,088,787
Joni Staples
Your Huntsville / Lake Livingston Area REALTOR®
Berkshire Hathaway Home Services - Anderson Properties

An excellent market report with current sales data that is easy to understand, and great photography. It doesn't get better than this! You rock Denver real estate.

August 06, 2012 08:07 PM
Rainmaker
686,904
Kwee Huset
Venice Florida Homes For Sale
Kwee Huset Realty

Hi Joan, the average day on market has dramatically been reduced and the prices have increased. Potential buyers would be wise to call Joan for help before it is too late. 

August 06, 2012 08:08 PM
Rainmaker
1,051,776
Ginny Gorman
Homes for Sale in North Kingstown RI and beyond
Phillips Post Road Realty ~ 401-529-7849~ RI Waterfront Real Estate

Joan, a great luxury Denver market report and as usual your market is popping still...i am surprised that your mls lets you use pictures you do not take.  We are penalized if we do...i need to connect with you on this one.  Did you sell the luxury home at open house?!

August 07, 2012 05:10 AM
Rainmaker
1,372,170
Joan Cox
Denver Real Estate - Selling One Home at a Time
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373

The luxury market is slowing a bit, but so is the lower end priced homes, as this time of year is seasonally slower.    Many luxury homes are showing U/C and will close in August!

August 09, 2012 06:34 AM
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Rainmaker
1,372,170

Joan Cox

Denver Real Estate - Selling One Home at a Time
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