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?