Last month’s real estate numbers are in and the average sales price (of houses and condos in the Denver market) is up almost 3% year from June of 2018. That’s an average price of $495,318 which continues a steady increase month over month. And if you are interested in the Luxury Home real estate market, we’ve got some great numbers for you there as well…
The Metro Denver prime season continues and we are seeing many changes that are different than in the prior years. In the luxury home market, houses valued at over $1,000,000, new active listings are increasing. For Sellers, you will see an increase in offers, negotiations and the possibility
of price adjustments. With interest rates staying low and many buyers in the market, it continues to be a perfect time to buy. Metro Denver will continue to see a change in the home market that overall could be beneficial to everyone.
In total, 229 luxury homes were sold in the month of June according to REColorado and that’s a 10% increase from June of 2018. Even more astonishing, is that the amount of days on the market has been steadily declining as well for luxury properties…in June of 2019, the average was 62 days on the market which is down from 141 days on the market last year at this time!
June Luxury Homes:
Lastly, here is a summary of the real estate market as a whole (not luxury properties) from the month of June. If you have any questions or would like to start a real estate conversation, please drop us a note on the contact page!
