mi le h i m oder n mar ket report DENVER + BOULDER
Q.3
2021
ushering in autumn It’s no secret that Colorado’s highly sought-after climate, landscape and job opportunities have caused exponential growth on the Front Range in the past decade, but nothing could have prepared us for the surge in demand that occurred in the past twelve months. Year over year, the median sales price for the state increased by 16.63% — a number that may have been influenced by both incoming residents and everdecreasing inventory. However, across the board, buyers saw increased inventory throughout the summer months, and with it brought a minor plateau in average closed prices. Although this factor may have deterred sellers from listing their homes in the past, savvy brokers understand that this historical moment in the industry leaves little room to depend on past criterion. Seasoned buyers that have held out for the perfect home since earlier this year may be ready to take the plunge with decreased competition in the winter months. Sellers can also take advantage of this upcoming season by investing in making their homes stand out. Repairs — both cosmetic and structural — can be assessed at this time without the long waits imposed by contractors that are typical of summer renovations. With specialized funding, such as Curate by mhmlending, sellers are able to invest in elevating their homes; potentially resulting in a higher value at the closing table.
Carmelo Paglialunga + Carla Thompson milehimodern owners
ENDLESS FORM TONAL TEXTURE
S O P H I S T I C AT E D C O M F O R T S TAT S
J U LY
AUGUST
SEPTEMBER
Colorado Median Price
$526,000
$520,000
$520,000
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.
J U LY
S TAT S
Active
2,878
28.10%
Sold
4,123
22.30%
$699,795
17.20%
8
66.70%
Average Sold Price Days on Market
AUGUST
S TAT S
YOY
YOY
Active
2,469
25.30%
Sold
3,974
16.20%
$687,768
14.30%
10
56.50%
Average Sold Price Days on Market
SEPTEMBER
S TAT S
YOY
Active
2,803
7.80%
Sold
3,711
20.00%
$688,629
15.20%
13
40.90%
Average Sold Price Days on Market
denver
J U LY
S TAT S
Active
345
52.10%
Sold
431
16.8%
$1,042,325
31.80%
27
34.10%
Average Sold Price Days on Market
AUGUST
S TAT S
YOY
YOY
Active
330
51.60%
Sold
351
28.50%
$960,412
13.20%
35
14.60%
Average Sold Price Days on Market
SEPTEMBER
S TAT S
YOY
Active
331
46.80%
Sold
390
5.30%
$925,348
12.10%
34
10.50%
Average Sold Price Days on Market
boulder
DENVER U LT R A - L U X U R Y
+
BOULDER
$2M+
Q2 TO Q3
Active
543
16.15%
Under Contract
139
9.09%
Sold
135
6.65%
$2,984,648
2.77%
53
5.63%
Average Sold Price Days on Market
LUXURY
$1M-$2M
Q2 TO Q3
Active
930
28.49%
Under Contract
551
12.34%
Sold
605
5.45%
$1,335,507
0.18%
19
36.84%
Average Sold Price Days on Market
PREMIER
$500K-$1M
Q2 TO Q3
Active
3,411
41.59%
Under Contract
3,762
1.48%
Sold
4,034
5.74%
$655,171
0.83%
13
7.69%
Average Sold Price Days on Market
q3 average
6 B AT H
Named the 2014 Builder’s Association Home of the Year, this home is equally parts impressive and comfortable.
4 BED
Classic elements are celebrated in this timeless East Wash Park home situated only two blocks from Washington Park. Light-filled interiors combine with modern updates and fine finishes to make this home perfect for relaxing and entertaining. Residents enjoy countless upgrades and amenities, including Control-4 Smart Home System with security and an elevator, whole house water filtration, Healthy Climate Steam Humidifier and a PremierOne whole house air purifier.
5,235 SQFT
542 south williams
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 .