The real estate market in Colorado is continuing to prove as extremely hot, fittingly the weather (finally) is starting to match. LIV Sotheby’s International Realty provides monthly reports to view the real estate performance of Denver Metro and Boulder. These reports assist potential buyers and sellers of real estate in making sound financial decisions by keeping their pulse on the recent activity and trends. April 2019 shows strong increases in performance, especially when looking at the ever-popular Denver Metro and Boulder markets.
Marked as the second-best place to live in the U.S. in 2019 by the U.S. News & World Report, Denver is specifically a desirable location due to the flourishing job market, adventurous culinary scene, an abundance of outdoor activities, and of course the unbeatable weather. Real estate performance in 2019 is reporting exceptionally well, with significant increases in price and volume. Including all price points for Denver Metro real estate, these increases include a 6% increase in new listings, a 3% increase in average list price, and a 4% increase in both total sales volume and average price per square foot.
The luxury market for Denver Metro, which is narrowed in at $1,000,000 and above, performed even greater than looking at all price points. Competition is high for the luxury market with a 13% decrease in average days on market to just 72 days in 2019. New listings increased by 17%, allowing for more inventory to meet the high competition. Total sales volume increased by 10%, resulting in a healthy market all around – with an increase in both supply and demand.
The luxury market of Denver Metro also shows impressive increases when comparing the activity of April 2019 to March 2019. While it’s no secret that the market is heating up, the statistics define the level of increased activity with a stunning 67% increase in total sales volume, a 61% increase in listings sold, a 31% increase in new listings, and a noteworthy 95% increase in the highest price.
Boulder, typically known as another top place to live, delivers a twist on urban life, perfectly placed surrounded by the Flatirons. New listings have increased for real estate in Boulder, with a 13% increase year-to-date for all price points and a 16% increase year-to-date for properties $1,000,000 and above.
Similar to Denver’s increase in activity in April compared to March of this year, Boulder’s luxury market also reported significant growth. Total sales volume increased by 37%, listings sold increased by 38% and new listings increased 37% to 159 new listings for just the month of April for properties priced $1,000,000 and above.
Visit www.ColoradoMarketReports.com to view the latest monthly reports, dissecting the Colorado real estate performance. To service all of your real estate needs, visit www.livsothebysrealty.com or call 303.893.3200.
For more information contact Kelli Williams, director of public relations, at 303.486.3738.