Luxury Real Estate Market In Denver Is On The Rise

Luxury Real Estate in Denver on the Rise. Homes plus 1 million in Cherry Hills VillageThe luxury real estate market in metro Denver is on the rise and continues to gain strength with 2012 luxury home sales already exceeding that of 2011. The national trend for home sales has improved throughout this year and this trend has been echoed by high end Denver homes. As the Colorado real estate market improves as a whole, it is normal for luxury homes to lag behind this trend. However, the high end home sales are certainly showing a comeback as well. As Colorado home owners become more confident in the market they are listing their current homes at an increased rate to upgrade to more valuable properties.

Real estate sales of $1 million-plus homes in Denver reached 540 last year according to Metrolist, Denver’s largest MLS. As of October first Denver luxury home sales have totaled 542 with one quarter of the calendar year remaining. Luxury home sales for properties between $750,000 and $1 million in August were up 19 percent compared to August of the previous year. High end homes over the $1 million mark have improved even more, with a 25 percent increase for the comparable period.Luxury Real Estate for sale in Denver co. Luxury Real Estate Broker

Denver luxury home sales have improved for various reasons; strong performance in the equities market and stock market recovery are positive factors for buyers in the Denver luxury home market. The availability of jumbo mortgage loans and plummeting interest rates has also  come to the advantage of Denver luxury home buyers. The average U.S. rate on a 30 year fixed rate mortgage is around 3.4 percent.

Declining interest rates and increased home buyer confidence has resulted in a diminished inventory of Denver luxury homes. Denver luxury home supply has decreased by about 45 percent compared to 2011. As a result, high end Denver homes in neighborhoods such as Hilltop, Cherry Creek, Evergreen, Belcaro, Cherry Hills Village and Park Hill are selling for higher prices and remaining on the market for a shorter period of time. Denver luxury home buyers are frequently submitting full price offers, a trend that has remained virtually unheard of for the last several years.

 

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Home for Sale in denver, Colorado

2324 W 33rd Ave

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Sale
$ 1,049,000
2324 W 33rd Ave Denver home for sale
5 Baths
4 Beds
2676 SqFt
N/A Garages

456 S Olive Way

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Sale
$ 630,000
456 S Olive Way Denver home for sale
3 Baths
4 Beds
3156 SqFt
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10240 E 57th Ave

Denver

Sale
$ 642,545
10240 E 57th Ave Denver home for sale
3 Baths
4 Beds
2818 SqFt
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1455 Josephine St

Denver

Sale
$ 1,050,000
1455 Josephine St Denver home for sale
4 Baths
4 Beds
4278 SqFt
N/A Garages

4307 Stuart St

Denver

Sale
$ 874,900
4307 Stuart St Denver home for sale
5 Baths
4 Beds
3368 SqFt
N/A Garages

3433 Beeler St

Denver

Sale
$ 830,000
3433 Beeler St Denver home for sale
4 Baths
4 Beds
3593 SqFt
N/A Garages

2853 S Quitman St

Denver

Sale
$ 400,000
2853 S Quitman St Denver home for sale
2 Baths
4 Beds
1954 SqFt
N/A Garages

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