Some more good news came out today on the market for Denver Luxury Homes and Denver Luxury Foreclosures. The Denver Business Journal is reporting that sales of $1 million and up increased by over 20% this November from last November.
The statistics cover the entire Denver metro area and represent both Denver Luxury Homes and condos. The article and the underlying statistics are interesting and worth a look if your considering a higher end home in the Denver area. We've seen these trends repeating themselves in all price points and while we're not seeing a huge uptick in pricing, the market is moving in a positive direction.
From The Denver Business Journal:
Forty-five local homes with a price tag of more than $1 million sold in November, up eight from the 37 sold in October and up one from November 2010, the report shows.
A similar report from independent Littleton broker Gary Bauer using Metrolist data shows an inventory of 650 residential homes listed for more than $1 million in November, and 74 condos.
No comments:
Post a Comment