Luxury Homes in Denver: Inventory is Declining

Regional MLS inventory of luxury homes in Denver continues to fall, according to regional MLS statistics. According to the MLS, there was a supply of 556 luxury homes in Denver during the month of December 2011, representing a sharp drop from 650 available homes in November 2011, and a significant decline from the 875 homes that were available in December 2010. This constitutes a drop of 36% from the previous year. As a result, real estate brokers across metro Denver are expecting prices to firm up as the inventory of luxury homes in Denver continues to dwindle. The typical seasonal drop in inventory that is usually observed in December does not explain the significant year-to-year drop. These numbers were compiled from sales of luxury homes in Denver across the 11-county Denver and did not include condominiums for sale. For purposes of this analysis, luxury homes in Denver were defined as all single family residential homes priced over $1M. From an historic perspective, this inventory is very low, and will almost inevitably drive prices up.

Available Denver Homes $1 Million and Up

Open House Mar 6th

$1,000,000

MLS# 2702839

Active

4350 Yates Street

Denver, CO 80212

3 BR | 3 BA | 2,206 Sqft | Residential

WOW, INCREDIBLE, NEWER CONSTRUCTION (2008), BEAUTIFUL and FUNCTIONAL DENVER SQUARE STYLE HOME IN A PERFECT BERKELEY LOCATION. $100, 000 SPENT FOR IMPROVEMENTS IN THE PAST YEAR ALONE. NEW ROOF, ALL NEW LANDSCAPING, NEW FLAGSTONE RETAI (more...)

Re/max Northwest Inc

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New

$1,399,000

MLS# 4694779

Active

1551 Larimer Street 2301, Unit 2301

Denver, CO 80202

3 BR | 3 BA | 2,460 Sqft | Residential

Amazing High rise condo with some of the best views in Denver! Also rare in downtown, there are 3 bedrooms with 2 configured as master suites, a large great room, all with floor to ceiling views around 3 sides of the building, to the No (more...)

Colorado Landmark Realtors

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New

$1,150,000

MLS# 2562068

Active

4920 Osceola Street

Denver, CO 80212

5 BR | 4 BA | 3,401 Sqft | Residential

A modern masterpiece with all of the right features and touches to make this your wonderful new home. Located in the sought-after Regis / Berkeley neighborhood, the location gives you convenience and access to some of Denver's most pop (more...)

Resident Realty South Metro

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New

$2,750,000

MLS# 2361685

Active

1015 S High Street

Denver, CO 80209

5 BR | 6 BA | 5,925 Sqft | Residential

Exquisite Custom Home Built in 2018 by Larsen Development * Prime East Washington Park Location * Open Floorpan Drenched in Natural Light * 10' Main Floor Ceilings * Inviting Great Room - Well Connected to the Kitchen and Offering a (more...)

Olson Realty Group

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New

$2,295,000

MLS# 7436854

Active

2110 S Cook Street

Denver, CO 80210

6 BR | 6 BA | 5,871 Sqft | Residential

Located in coveted Observatory Park and offering wide open living spaces, this just completed house is the perfect place to call home. With every finish and detail carefully chosen and constructed, the resulting masterpiece features the u (more...)

Madison & Company Properties

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Listing Data last updated: 5th March, 2021 13:00 MST Service by Buying Buddy IDX CRM

Prices of Luxury Homes in Denver

Already, we are seeing an increase in the average sales price of these properties. In December 2011, prices climbed from an average of $1.5M, a significant increase from the previous month’s price of $1.44M.

Here are some more year-end statistics provided by Metrolist, Inc, Denver’s Multiple Listing Service:

• The average sales price of luxury Denver homes remained the same year over year. Many Denver brokers believe an increase in average sale price will be seen in 2012.
• There were 502 luxury homes in Denver sold last year, from the 505 sold in 2010.
• The total number of sales of luxury homes in Denver dropped 1 percent, from $773 million in 2010 to $763 million in 2011.

Finding Luxury Homes in Denver

If you are relocating to this area, or planning to upgrade your current home, call me for a free consultation and comprehensive information about luxury homes in Denver. A luxury home purchase is one of the most important purchases you will ever make, and my goal is to provide you with the best information possible so you can make the best possible decisions.

Source: The Denver Business Journal , reported by Dennis Huspeni, who covers real estate and retail for the Denver Business Journal and writes for the “Real Deals” blog.