WHY ARE HOMES OVER $1M SELLING IN DENVER? THE SHARKS ARE CURIOUS!!

5690 DTC Blvd. #600W

Home of the Finest Realtors

In the Denver, Colorado Metro Area, according to my research from the Denver MetroList Multiple Listing Service over the last 3o days, 28 transactions over $1,000,000 have closed.  The average original list price of these transactions was $1,840,000.  The average sold price was $$1,381,000.  This is a price an average price reduction from original list price of almost 21%.  As a result, Denver Real Estate over $1M is HOT, or is it just on sale?

The complete data set may be analyzed here: Million and Up Sales 12-2010

With a range of price reductions from as high as 46% off the original list price, it is no wonder a new market has emerged in this price arena.  The water is warm and the sharks are curious.  Who’s bleeding today?

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About Tom & Dee Cryer

Your Friends in the Homeownership Business!
This entry was posted in Denver, Denver Housing, Denver is as two faced as a middle school socialite., Denver Realtor Production 2009, Denver Residential Real Estate. Bookmark the permalink.

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