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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Show All Comments
Rainmaker
1,396,285
Anita Clark
ColdwellBanker SSK Realtors ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

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

Aug 06, 2012 06:48 AM #1
Ambassador
873,425
John McCormack
Albuquerque Homes Realty * www.AlbuquerqueHomes.com - Albuquerque, NM
AlbuquerqueHomes.com, Albuquerque Homes Realty

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! 

Aug 06, 2012 07:03 AM #2
Rainmaker
534,171
Morgan Evans
Douglas Elliman Real Estate - Manhattan, NY
LICENSED REAL ESTATE SALESPERSON

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

Aug 06, 2012 07:14 AM #3
Rainmaker
1,481,801
Lawrence "Larry" & Sheila Agranoff. Call 631-805-4400 (c)
Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo & Home Sale Specialists

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

Aug 06, 2012 07:15 AM #4
Rainer
185,114
Irene Durocher
Coldwell Banker BUYERS AGENT - Boca Raton, FL
homesweethome4u@att.net

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.

Aug 06, 2012 07:28 AM #5
Rainmaker
233,579
David Grbich
Ventana Coastal Properties - www.FindCARealEstate.com - San Juan Capistrano, CA
Orange County Real Estate - 949-500-0484

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

Aug 06, 2012 07:28 AM #6
Rainmaker
1,418,185
Rebecca Gaujot, Realtor®
Coldwell Banker Stuart & Watts Real Estate - Lewisburg, WV
Lewisburg WV Real Estate, Greenbrier County

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.

Aug 06, 2012 08:29 AM #7
Rainmaker
305,803
William True
True Sarasota Real Estate - Sarasota, FL
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.

Aug 06, 2012 08:41 AM #8
Rainmaker
302,074
Peg Barcelo
Fluff My House! Home Staging Inc. 250.486.6369 - Summerland, BC
The FlufftasticStager from Summerland, BC

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...

Aug 06, 2012 08:48 AM #9
Rainmaker
1,994,549
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

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

Have a very special week.

 

Aug 06, 2012 11:58 AM #10
Rainmaker
513,231
Mary Douglas
United Country Ponderosa Realty - Red Feather Lakes, CO
REALTOR, Red Feather Lakes, Colorado

Hi Joan,

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

Aug 06, 2012 01:49 PM #11
Rainmaker
478,738
Jan Green
Scottsdale, Phoenix, Cave Creek, Carefree, Fountain Hills - Scottsdale, AZ
RE/MAX Excalibur Scottsdale REALTOR®, GREEN

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

Aug 06, 2012 02:00 PM #12
Ambassador
1,743,468
Barbara-Jo Roberts Berberi & Corinna Birgit Cromartie
Charles Rutenberg Realty - Palm Harbor, FL
Palm Harbor & Dunedin FL Residential Real Estate

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

Aug 06, 2012 02:19 PM #13
Rainmaker
523,024
Amanda S. Davidson
Living A Dream Real Estate - Alexandria, VA
Your Northern Virginia Realtor

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

Aug 06, 2012 02:25 PM #14
Ambassador
1,302,608
Silvia Dukes PA, REALTOR
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living
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!
Aug 06, 2012 04:54 PM #15
Ambassador
867,404
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

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.

Aug 06, 2012 07:03 PM #16
Ambassador
1,096,013
Joni Staples
Berkshire Hathaway Home Services - Anderson Properties - Huntsville, TX
Your Huntsville / Lake Livingston Area REALTOR®

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.

Aug 06, 2012 08:07 PM #17
Rainmaker
706,189
Kwee Huset
Kwee Huset Realty - Venice, FL
Venice Florida Homes For Sale

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. 

Aug 06, 2012 08:08 PM #18
Rainmaker
1,086,870
Ginny Gorman
Phillips Post Road Realty ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in North Kingstown RI and beyond

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?!

Aug 07, 2012 05:10 AM #19
Rainmaker
1,447,574
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

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!

Aug 09, 2012 06:34 AM #20
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Rainmaker
1,447,574

Joan Cox

Denver Real Estate - Selling One Home at a Time
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