Denver Luxury Home Resales Up, Prices Down

Resales of Denver-area luxury homes rose 70 percent in January from a year ago, while selling prices were down, according to Metrolist Inc. data released Wednesday.

Sales of previously-owned residential  Luxury properties priced at $1 million or more increased to 34 last month from January 2010's 20. Of the 34 properties sold in January, 32 were standard homes and 2 were condos.


Meanwhile, the average sold price for luxury homes was $1.5 million, down 11 percent from January 2010, and $1.16 million for luxury condos, down 25 percent. The median sold price also dropped just slightly from $1.3 million to $1.29 million–a 3.4 percent change.


The highest sold price for a  Denver Luxury house in January was $4.8 million, while the lowest sold price was $1.2 million.


Total sales volume for  Denver luxury houses jumped 58.2 percent to $48.5 million from January 2010, while sales volume for luxury condos dropped 25 percent to $2.3 million.


Denver County had the most high-end home resales with 9 houses and 1 condo. Boulder County came in second with 8 sales, Arapahoe County had 7, Douglas County had 5, and Jefferson County had 3.


These trends in  Denver Metro luxury home resales and prices are shown by Metrolist, Inc. data
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