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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Ambassador
726,043
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
1,065,189
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
658,344
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
1,004,003
Ginny Lacey 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
1,281,974
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
Anonymous
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Rainmaker
1,281,974

Joan Cox

Denver Real Estate - Selling One Home at a Time
How can I help you with your Metro Denver Real Estate needs?
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