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Denver Market Statistics: March 2015

Single Family Residential

Premier Market
Signature Market
Luxury Market
Values $500,000 - $749,999 Values $750,000 - $999,000 Values $ 1 Million+
Active Inventory Over All Markets 3,338
Sold Homes 236 55 35
Average Days on Market 90 90 124
Average Price $590,000 $858,309 $1,565,158
Per Square Foot Total $170.00 $188.00 $276.00

No winter blues on the high end of the market. February’s 22 inches of snow in the Denver area did not bury the high end market last month; in fact, it heated up.
Nearly 9% more properties sold in the Signature Market ($750,000 - $999,999) in Feb than in Jan (24% increase compared to 2014).
The Luxury Market ($1,000,000+) saw an increase of 40% more homes selling in Feb than Jan. The price per square foot is on the rise!
- Jill Schafer, DMAR Market Trends Committee

LuxHomesDenver | VIDEO

220 Hidden Valley Lane, Castle Rock, CO, 80108 - $1,790,000

LuxHomesDenver | Blog

Rental Rates Continue To Climb

by Patrick Rampi - Broker Associate - Wednesday, May 20, 2015

Well, unfortunately, average rent is going to continue increasing. According to a recent survey by Discover Home Loans, around 90 % of homeowners believe their home is a great investment. And according to NAR, over the past 12 years, the net worth of the typical home owner has ranged between 31 and 46 times that of the net worth of the typical renter.

http://www.denverpost.com/business/ci_28032661/1-4-u-s-renters-must-use-half

Denver Seeing Record Low Home Inventory

by Patrick Rampi - Broker Associate - Saturday, May 16, 2015

Record low levels of housing inventory in Denver are causing buyers to compete like crazy and even waive inspections, appraisals, etc. “Whenever you see something, you have to be ready to pounce in this market," current buyer Davis Robinson recently told the Denver Post. Inventory levels hit record lows in December, January, and February.

http://www.denverpost.com/business/ci_27517897/metro-denver-struggles-record-low-supply-homes-sale

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Castle Pines, CO 80108
Main Office: 303-681-6767
inquiry@luxhomesdenver.com

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