“We saw a seasonal dip in the higher end market, but it is still stronger than last year at this time - and much stronger than five years ago,” said Jill Schafer, member of the Denver Metro Association of Realtors Market Trends Committee.
A home in Cherry Hills Village sold in September for $5,395,000. This was the most expensive home sold in the Denver area during that month. It included 7,990 square feet of above ground space and also features 8 bathrooms. The most expensive condo of the month sold for $1.800,000 and included 2 bedrooms, 3 bathrooms with a total of 2,621 above ground square feet. This condo is located in Cherry Creek North.
“We saw a seasonal drop of 27 percent from August to September,” Schafer stated. “But, so far this year, we saw a more than 38 percent increase in luxury homes sold compared to last year. Homes that are priced right, in good locations and show-ready condition are in demand. In fact, the list to sold price increased to 110 percent in September.”