Denver Luxury Home Sales Up Year Over Year in January

The number of sold showed another year-over-year increase in January. This is more good news for the segment of the Denver market that has been the slowest to show signs of recovery.

 

According to the report, the days on market time for a home to sell was reduced and the Sellers received a price closer to their list price.

 

From The Denver Post:

 

Forty-five homes in the region sold for more than $1 million in January, up from 41 in January 2012.

Meanwhile, the median sale price of a luxury home remained the same — $1.25 million.

On a monthly basis, January's sales were down sharply from December's 65 transactions, although a seasonal drop from December to January is normal.

The report said two other key indicators improved from the same period a year ago: Luxury homes sold faster on average, and sellers received a higher percentage of their asking price.

Read more: Luxury home sales in Denver area rise in January over last year - The Denver Post http://www.denverpost.com/breakingnews/ci_22672395/luxury-home-sales-denver-area-rise-january-over#ixzz2M7hwgOjj
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We've seen mixed number on the Luxury market for . It's encouraging to see a continued uptick in sales. We will continue to update you with the latest reports here. In the meantime, if you would like numbers for a specific area or neighborhood, give our team a call at 303-726-1874.