LIV Sotheby’s International Realty released the November market report for Denver Metro and Boulder, revealing a continuously impressive year of real estate activity for 2018. The market including all price points showed positive increases, but the luxury sector specifically proved that luxury buyers are continuing to look at Denver and Boulder as a rewarding place to invest.
“2018 was an extremely active and successful year for Colorado real estate. It’s exciting to see Denver Metro and Boulder continue to prove as active and healthy markets. We are positioned for a great start to the new year with the increased activity over the winter months,” said LIV Sotheby’s International Realty president Scott Webber.
The luxury market ($1M+) within the Denver Metro has seen significant growth for both year-to-date and last 12 months, year-over-year. The total sales volume for both metrics increased a notable 19% (year-to-date) and 20% (last 12 months). In addition, the number of properties sold also increased by 19% for both year-to-date and last 12 months (year-over-year). Average days on market dropped a noteworthy 16% year-to-date to just a little over two months (67 days). Interestingly, the number of new listings increased a significant 34% during November of 2018 compared to November of 2017, jumping from 113 new listings to 151 new listings for the month. This increase of new listings is a testament to sellers seeing the value of putting their house on the market, even during the winter months.
One notable sale for the month of November was an exclusive Four Seasons Private Residence, sold by LIV Sotheby’s International Realty broker Douglas D. Kerbs. 1133 14th St, Unit 3750, sold for an impressive $4,500,000. This stunning listing is in the luxury 45-story tower located in the heart of the Denver Theater District. The Four Seasons Private Residences offer high-end amenities such as a concierge, rooftop pool, massage room, yoga room – the list goes on.
Boulder’s luxury market ($1M+) also reported significant growth for year-to-date and last 12 months, year-over-year. Total sales volume increased 25% (last 12 months) and 26% (year-to-date), plus listings sold also increased 19% (last 12 months) and 18% (year-to-date). With both of these metrics increasing so heavily, the Boulder market proves to be a very active and healthy market heading into the new year. Similar to Denver Metro but even higher, new listings for the month of November increased an outstanding 112% from 25 new listings in 2017 to 53 new listings in 2018.
LIV Sotheby’s International Realty provides monthly, quarterly and year-end reports analyzing the health of Colorado’s real estate markets. To access current market reports, visit www.ColoradoMarketReports.com. To list your home for sale with LIV SIR, visit www.LIVSothebysRealty.com or call 303.893.3200.