Colorado’s Real Estate Market Report – Stats from June 2017
Posted by West + Main Homes on
In June, 24 condos priced $1 million and greater sold and closed, up 118 percent year over year. On average, the price of these condos was over $1.6 million, $550 per square foot, and sellers received 136 percent of their listing price, according to the Denver Metro Association of Realtors.
“The metro Denver Luxury Market was a sparkler in June as it continued on a firework-like trajectory,” said Jill Schafer, DMAR Market Trends Committee member and metro Denver REALTOR®. “We saw the biggest boom in the luxury condo market where there was a 50 percent increase in sales for properties priced over $1 million from May to June. That’s a nearly 70 percent increase year to date compared to the same time in 2016.”
The average price per square…
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