Sales of luxury homes spring forward | Real Estate Column | Boulder County Business Report
Sales of luxury homes spring forward
Luxury-home sales in the Denver metro area more than doubled in April compared with the same period a year ago, according to a report released May 22 by Coldwell Banker Residential Brokerage.
Denver has the most million-dollar sales with 24, followed by Boulder with 19, Cherry Hills Village with 12 and Greenwood Village with 10.
The figures are based on Multiple Listing Service data of all homes sold for more than $1 million during April in the Denver metro area.
Ninety-three homes in the region sold for more than $1 million in April, up from 44 in April 2012. On a monthly basis, luxury sales were up 31 percent from the 71 transactions in March.
The median sale price of a luxury home declined 8.8 percent in April from a year ago to $1.27 million last month. Last month’s median sale price was fractionally lower than March’s median price.
The report said luxury homes sold in an average of 121 days on the market, down from 133 days the previous month and 172.6 days a year ago. Sellers received an average of 96 percent of their asking price, up from 93 percent a year ago.
Joshua Lindenstein can be reached at 303-630-1943 or firstname.lastname@example.org.