mi le h i m oder n mar ket report DENVER + BOULDER
Q.1
2022
this s e a s o n’s savvy success In Colorado’s competitive real estate market, every key metric counts. From the number of days properties spend on the market to the inventory that is available, buyers and sellers must be attuned to even the slightest fluctuations in order to make informed decisions about their best possible outcomes. However, even with a continuous pulse on the market, buyer and seller success comes from no shortage of teamwork with a savvy broker. Overall, inventory remains low, indicating a competitive market complete with bidding wars and multiple-offer situations. Sold home prices are hovering around the same average as last quarter. Buyers may be acting swiftly due to rising interest rates, but this trend could see diminishing returns if rates swell much higher. Sellers may be more motivated to list their homes before another potential rate increase that could affect buyer behavior. As Colorado’s real estate market continues to evolve, our brokerage continues to provide unparalleled service to our clients through negotiation tactics and out-ofthe-box problem solving. Thank you for allowing us to serve you!
Carmelo Paglialunga + Carla Thompson milehimodern owners
LUMINOUS ALLURE BLISSFUL ESCAPE
ENTICING ELEGANCE S TAT S
JANUARY
FEBRUARY
MARCH
Colorado Median Price
$520,000
$555,540
$575,000
The above Colorado data is based on counties statewide. The following Denver data is based on eleven counties in the Denver Metro Area: Adams, Arapahoe, Boulder, Broomfield, Clear Creek, Denver, Douglas, Elbert, Gilpin, Jefferson and Park. The following Boulder data is based on Boulder County.
JANUARY Active Sold Average Sold Price Days on Market
FEBRUARY Active Sold Average Sold Price Days on Market
MARCH
S TAT S
YOY
788
37.6%
1,889
10.7%
$689,711
10.0%
19
13.6%
S TAT S
YOY
853
23.8%
2,141
17.5%
$739,950
16.5%
14
26.3%
S TAT S
YOY
Active
1,627
45.0%
Sold
3,088
12.0%
$797,700
18.1%
11
31.3%
Average Sold Price Days on Market
denver
JANUARY
S TAT S
YOY
Active
120
60.0%
Sold
172
0.00%
$1,038,943
10.9%
39
27.8%
Average Sold Price Days on Market
FEBRUARY
S TAT S
YOY
Active
235
15.2%
Sold
179
19.4%
$1,127,438
27.8%
33
28.3%
Average Sold Price Days on Market
MARCH
S TAT S
YOY
Active
369
8.20%
Sold
239
22.7%
$1,169,889
13.0%
26
36.6%
Average Sold Price Days on Market
boulder
U LT R A - L U X U R Y
$2M+
Active
349
22.28%
Under Contract
142
28.10%
Sold
105
12.06%
$2,935,006
7.70%
51
15.79%
Average Sold Price Days on Market
LUXURY
$1M-$2M 454
39.68%
Under Contract
499
20.29%
Sold
430
18.70%
$1,327,005
0.56%
26
8.97%
Days on Market
PREMIER
$500K-$1M
Q4 TO Q1
Active
1,542
55.33%
Under Contract
3,159
5.54%
Sold
2,792
28.30%
$661,704
0.63%
18
1.85%
Average Sold Price Days on Market
q1 average +
Q4 TO Q1
Active
Average Sold Price
DENVER
Q4 TO Q1
BOULDER
who we are milehimodern (mhm) is Colorado’s premier real estate brokerage focused on the artistry of living. We believe in connection first; every home has a soul-filled story to tell. Our purpose is to bring this story to light by discovering the artistic sizzle, the iconic value, the extraordinary architecture, or simply the narrative of a beautiful life lived in each property. Let us tell your story.
This data is collected from the following sources: Colorado Association of Realtors®, Denver Metro Association of Realtors® + REcolorado®. This material is based upon information that we consider reliable, but because it has been supplied by third parties, we cannot represent that it is accurate or complete. ©MileHiModern All Rights Reserved | 303.876.1073 milehimodern.com | MileHiModern® is a licensed trademark | An Equal Opportunity Company | Equal Housing Opportunity .