Denver Metro Area Luxury Home Sales Soar in June
Published July 18, 2011 | 
A total of 71 homes changed hands for more than $1 million last month, up sharply from May’s total of 47 sales, according to a Coldwell Banker press release. June’s transactions also outpaced June 2010 when 67 luxury homes were sold. Additionally, there were 11 multi-million-dollar homes selling last month, up from seven in May. Other indicators also provided encouragement for the high-end market: Homes also sold at a faster rate on average at 164 days vs. 215 for those closing the previous month. And sellers received an average of 92.6% of their asking price, up from 91.3% in May and 90.4% last June. Read press release:
http://www.pr.com/press-release/339367
Source: NATnews – Dianna K. Wedding
Metro Denver housing market continues rally in June
Published July 12, 2011 | The number of homes put under contract in June
in metro Denver increased 22.5 percent from a
year ago — the second straight month that
homes under contract showed large increases
over 2010.
Buyers put 4,761 homes under contract in June,
compared with 3,885 in June 2010, according to
data released Friday by Metrolist.
Homes under contract in May increased 23
percent from May 2010.
David Simonson, a broker for ReMax
Professionals LLC, said people are feeling more
confident about the economy and again believe
owning is an asset.
“We are seeing more and more activity, month in
and month out,” Simonson said.
He said that during a two-hour open house, he
sees 15 to 30 people.
The figures for
June and May 2011 are in stark contrast with the
figures from April, when homes placed under
contract were down 18 percent from April 2010,
a period when homebuyers were rushing to take
advantage of an $8,000 tax credit.
There were also fewer unsold homes on the
market in June, with 19,580, compared with
23,240 in June 2010, a decrease of 15.7 percent.
Simonson said that number is influenced by
people deciding to stay and make improvements
to their residences rather than sell.
The number of homes closed in June was up
slightly over a year ago. The average time on the
market was 104 days in June, compared with 82
days in June 2010.
Source: Denver Post – Howard Pankratz: 303-954-1939 or
hpankratz@denverpost.com