Luxury Report
COLORADO’S LUXURY MARKETS
Welcome
COLORADO’S LUXURY MARKETS
As Colorado’s real estate market evolves, LIV Sotheby’s International Realty’s quarterly Luxury Report offers valuable insights, tailored to help you navigate the shifting landscape of the luxury market in our state.
We analyze the performance of properties in Colorado’s most sought-after communities, focusing on residential and land listings sold above $1 million in key markets like Greater Denver, Colorado Springs, Boulder, and Grand County. Additionally, we highlight properties over $2 million in Summit County and Crested Butte, and those exceeding $3 million in Vail Valley and Telluride.
The median sold price for properties above $1 million across these regions reached
$2,379,261 through the third quarter, demonstrating strong property values throughout Colorado. In the Front Range, the median sold price was $1,317,000, down slightly from the same period in 2023—while the resort regions recorded a median sold price of $3,653,974.
With local expertise in every corner of Colorado, LIV Sotheby’s International Realty prioritizes building meaningful relationships, creating memorable experiences, and inspiring others to live the life they love. In today’s dynamic market, our brokers combine deep market knowledge with expert negotiation skills to guide you to a home that is uniquely yours. Because every home is one of a kind. Just like you. Just like us.
Luxury Data
MEDIAN SOLD PRICE
2023 vs 2024 % Change $1,317,000 Front Range - 0.5%
$2,379,261 All Colorado $3,653,974 Resort Regions + 9.0% + 13.7%
Colorado’s Front Range AT A
Luxury property sales in the Front Range remained steady during the first three quarters of the year, with a median sold price of $1,317,000, a modest 0.5% dip from 2023. This minor shift suggests a more balanced market, underpinned by Colorado’s strong economy, driven by innovation and an unmatched outdoor lifestyle that blends work and play.
In Greater Denver, 3,680 luxury properties were sold, with West Metro Foothills contributing 828 of those transactions. Northern Colorado saw a 14.7% increase in sales compared to the same period last year, with 523 properties sold. As the market transitions from the summer selling season to fall, we anticipate a steady flow of new inventory, further supporting a balanced market.
Median Sold Price
$1,317,000
2023 vs 2024 % Change
6,906 Properties Sold + 15.7%
60 Average Days on Market - 0.5% + 14.0%
Average Price per Sq. Ft. + 1.3%
$359
List Price to Sold Price - 0.7%
98%
Greater Denver
$1,325,000
Median Sold Price - 3.3% Change | Jan - Sept 2023 vs 2024
3,680 Properties Sold + 19.9% Change | Jan - Sept 2023 vs 2024
42
Average Days on Market + 20.0% Change | Jan - Sept 2023 vs 2024
$15,750,000
Highest Sold Price + 70.3% Change | Jan - Sept 2023 vs 2024
Arapahoe, Broomfield, Denver, Douglas, and Jefferson Counties.
South Metro
$1,300,000
Median Sold Price 0.0% Change | Jan - Sept 2023 vs 2024
844 Properties Sold + 16.9% Change | Jan - Sept 2023 vs 2024
52
Average Days on Market + 18.2% Change | Jan - Sept 2023 vs 2024
$6,800,000
Highest Sold Price - 12.8% Change | Jan - Sept 2023 vs 2024
West Metro & Foothills
$1,295,000
Median Sold Price - 0.4% Change | Jan - Sept 2023 vs 2024
828 Properties Sold + 21.1% Change | Jan - Sept 2023 vs 2024
33
Average Days on Market + 10.0% Change | Jan - Sept 2023 vs 2024
$7,050,000
Highest Sold Price + 15.6% Change | Jan - Sept 2023 vs 2024
$1,450,000
Median Sold Price 0.0% Change | Jan - Sept 2023 vs 2024
764 Properties Sold + 0.9% Change | Jan - Sept 2023 vs 2024
69
Average Days on Market + 11.3% Change | Jan - Sept 2023 vs 2024
$8,700,000
Highest Sold Price - 33.1% Change | Jan - Sept 2023 vs 2024
Northern Colorado
Median Sold Price
$1,300,000
0.0% Change | Jan - Sept 2023 vs 2024
523 Properties Sold + 14.7% Change | Jan - Sept 2023 vs 2024
Average Days on Market
45
0.0% Change | Jan - Sept 2023 vs 2024
$6,400,000
Highest Sold Price - 60.0% Change | Jan - Sept 2023 vs 2024
Colorado Springs
$1,232,000
Median Sold Price + 0.6% Change | Jan - Sept 2023 vs 2024
267 Properties Sold - 5.3% Change | Jan - Sept 2023 vs 2024
117
Average Days on Market + 19.4% Change | Jan - Sept 2023 vs 2024
$3,500,000
Highest Sold Price + 16.7% Change | Jan - Sept 2023 vs 2024
GLANCE
Colorado’s Resorts AT A
From serene mountain retreats to contemporary homes, Colorado’s resort communities cater to a wide range of lifestyles and preferences. Whether it’s the solitude of nature under expansive skies or the vibrancy of a close-knit mountain town, buyers are continually drawn to the state’s unmatched natural beauty and dynamic spirit.
In Crested Butte, luxury properties spent an average of 178 days on the market during the first three quarters of the year, only a slight 0.6% increase from 2023. Vail Valley’s luxury market held strong, with 176 high-end properties selling for a median price of $4,500,000. Meanwhile, Telluride saw remarkable growth, boasting a 35.2% increase in median sold price, reaching $6,625,000.
As fall colors peek in the mountains, resort communities continue to see growth in luxury property values, with anticipation building for an active winter selling season. The allure of the Colorado lifestyle, combined with modern amenities that support remote work, allows for a seamless blend of adventure and relaxation in these mountain havens.
Median Sold Price
$3,653,974
600 Properties Sold + 24.7%
174
Average Days on Market + 13.7% + 9.6% 2023 vs 2024 % Change
$1,094
Average Price per Sq. Ft. + 4.7% 97.2% List Price to Sold Price + 0.2%
Grand County
$1,425,379
Median Sold Price + 9.6% Change | Jan - Sept 2023 vs 2024
155 Properties Sold + 26.0% Change | Jan - Sept 2023 vs 2024
215
Average Days on Market - 4.9% Change | Jan - Sept 2023 vs 2024
$5,450,000
Highest Sold Price + 82.6% Change | Jan - Sept 2023 vs 2024
Summit County
Median Sold Price
$2,925,000
+ 8.6% Change | Jan - Sept 2023 vs 2024
170 Properties Sold + 26.9% Change | Jan - Sept 2023 vs 2024
80
Average Days on Market + 17.6% Change | Jan - Sept 2023 vs 2024
$10,900,000
Highest Sold Price + 58.0% Change | Jan - Sept 2023 vs 2024
$2,794,490
Median Sold Price + 1.6% Change | Jan - Sept 2023 vs 2024
34 Properties Sold + 41.7% Change | Jan - Sept 2023 vs 2024
178
Average Days on Market + 0.6% Change | Jan - Sept 2023 vs 2024
$5,750,000
Highest Sold Price - 42.5% Change | Jan - Sept 2023 vs 2024
Data based on
in Almont, Crested Butte, Crested Butte South, Gunnison, Kebler, Mt. Crested Butte, Rural Crested Butte, and Rural Gunnison. All residential and land properties $2,000,000+.
Estate Network MLS (CREN MLS), Pikes Peak MLS (PPMLS) and REColorado (Powered by LiveBy).
Vail Valley
$4,500,000
Median Sold Price + 1.6% Change | Jan - Sept 2023 vs 2024
176 Properties Sold + 34.4% Change | Jan - Sept 2023 vs 2024
151
Average Days on Market + 12.7% Change | Jan - Sept 2023 vs 2024
$25,200,000
Highest Sold Price + 22.9% Change | Jan - Sept 2023 vs 2024
$6,625,000
Median Sold Price + 35.2% Change | Jan - Sept 2023 vs 2024
65 Properties Sold - 5.8% Change | Jan - Sept 2023 vs 2024
245
Average Days on Market + 30.3% Change | Jan - Sept 2023 vs 2024
$20,000,000
Highest Sold Price + 5.8% Change | Jan - Sept 2023 vs 2024
*Surrounding Mesas: Deep Creek Mesa, Hastings Mesa, Iron Springs/Horsefly Mesa, Specie Mesa, Sunshine Mesa, Turkey Creek Mesa, and Wilson Mesa.