LUXURY MARKET RECAP | FEBRUARY 2014 Currently there are 470 Million Dollar residential and condo properties in the Denver Metro. Kentwood Real Estate has a 21% market share with 97 Million Dollar active listings.
RESIDENTIAL
Active & Under Contracts 120
114
Residential Solds FEB YEAR OVER YEAR Closed Sales Closed Sales Volume Average Sales Price Highest Price Sold Average Days on the Market
2014 2013 % CHANGE 21 29 - 27.6% $32,310,620 $40,132,128 - 19.5% $1,538,601 $1,383,866 + 11.2% $3,100,000 $2,900,000 + 6.9% 98 245 - 60.0%
98
100 89
85
80
60 45 40
FEB YEAR TO DATE Closed Sales Closed Sales Volume Average Sales Price Highest Price Sold Average Days on the Market
2014 52 $82,183,093 $1,580,444 $5,850,000 99
2013 % CHANGE 60 - 13.3% $84,732,253 - 3.0% $1,412,204 + 11.9% $4,100,000 + 42.7% 226 - 56.2%
33 27
20
20
15
14 2
1
0 $1,000,000 - 1.25 Million
$1,250,001 - 1.5 Million
$1,500,001 - 2 Million
TOTAL ACTIVE - 439
CONDO
Series1
$2,000,001 - 3 Million
$3,000,001 - 5 Million
$5,000,001 +
Series2
TOTAL UNDER CONTRACT - 104
Active & Under Contracts 14
Condo Solds FEB YEAR OVER YEAR 2014 Closed Sales 2 Closed Sales Volume $2,350,000 Average Sales Price $1,175,000 Highest Price Sold $1,300,000 Average Days on the Market 148
2013 % CHANGE 1 + 100.0% $1,295,000 + 81.5% $1,295,000 - 9.3% $1,295,000 + 0.4% 122 + 21.3%
FEB YEAR TO DATE Closed Sales Closed Sales Volume Average Sales Price Highest Price Sold Average Days on the Market
2013 % CHANGE 2 + 100.0% $2,386,000 + 265.7% $1,193,000 + 82.8% $1,295,000 + 280.3% 107 - 5.6%
2014 4 $8,725,000 $2,181,250 $4,925,000 101
13
12 10
9
8 6 4 2 0
3
3 2
1
1 0
$1,000,000 - 1.25 $1,250,001 - 1.5 Million Million
1 0
$1,500,001 - 2 Million
TOTAL ACTIVE - 31
$2,000,001 - 3 Million
1 0
$3,000,001 - 5 Million
Series1 Series2UNDER TOTAL
$5,000,001 +
CONTRACT - 3
*Source: Metrolist, Inc. - Denver Metro **Excludes Land Listings
Prepared By: Jamie Slough - Marketing Director 303-773-3399 | Jamie@Kentwood.com | Kentwood Real Estate | DenverRealEstate.comÂ