Luxury home sales up 63.5%
John Fitzpatrick and Sean Larkin of Kentwood Co.-DTC office are listing this 17,437-squat-foot house in Parker for $3.95 million.
The luxury home market in the Denver area in July experienced a 63.5 percent year-over-year gain, the second biggest percentage gain of any month this year, according to a report by Kentwood Real Estate.
The percentage gain for homes that closed at $1 million or more was only bested by April, in which luxury home sales catapulted by an incredible 140.7 percent.
The July year-over-year percentage gain was almost twice the 32.2 percent gain in closings for the entire market. However, as always, the number of people buying homes that cost at least $1 million represents a small percent of the overall market.
Buyers purchased 85 luxury homes in the core Denver-area counties of Adams, Arapahoe, Broomfield, Denver, Douglas and Elbert counties, according to the Kentwood report.
In July 2012, buyers purchased 52 homes.
The closed sales value, on a year-over-year basis in July, was commensurate with the number of sales.
The total sales volume for luxury homes last month rose 61.6 percent to $134.5 million, compared with $83.2 million in July 2012.
Every month this year, so far, has improved when compared with the same month in 2012.
On a year-over-year, monthly basis sales have risen:
- 12 percent in January.
- 7 percent in February.
- 20 percent in March.
- 140.7 percent in April.
- 23.6 percent in June.
- 63.5 percent in July.
Year-to-date, the number of luxury transactions increased 43.3 percent to 417 compared with 291 in the first seven months of 2012, while the dollar volume is up 42.5 percent to $634.3 million, compared with $445.1 million.
Sellers shouldn’t over-price even in strong market!









ountain bikers, and rock climbers choose to call home. It’s also a close-knit community full of residents who embrace an active outdoor lifestyle and who are committed to natural resource conservation. Combine all of that with 300 days of sunshine per year, and it’s clear why Boulder is one of the hottest outdoor destinations in the country.