LIV Sotheby’s International Realty has released its November market report for metro Denver 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,” said LIV Sotheby’s International Realty president Scott Webber. “Itap 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.”
The luxury market ($1M+) within metro Denver has seen significant growth for both year-to-date and the last 12 months, year-over-year. The total sales volume for both metrics increased a notable 19 percent (year-to-date) and 20 percent (last 12 months). In addition, the number of properties sold increased by 19 percent for both year-to-date and last 12 months (year-over-year).
Average days on the market dropped a noteworthy 16 percent year-to-date to just a little over two months (67 days). Interestingly, the number of new listings increased a significant 34 percent during November compared to November 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. The property at 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 and yoga room.
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 percent (last 12 months) and 26 percent (year-to-date). Also, listings sold increased 19 percent (last 12 months) and 18 percent (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 metro Denver but even higher, new listings for the month of November increased an outstanding 112 percent 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 ColoradoMarketReports.com. To list your home for sale with LIV SIR, visit LIVSothebysRealty.com or call 303-893-3200.
LIV Sotheby’s International Realty, the exclusive Board of Regent for the Who’s Who in Luxury Real Estate, has 16 office locations in metro Denver and surrounding areas, including Boulder, Castle Rock, Cherry Creek, Clayton Street, Denver Tech Center, downtown Denver, Evergreen and the resort communities of Breckenridge and the Vail Valley.
The news and editorial staffs of The Denver Post had no role in this postap preparation.
