the roadmap to success
This year, milehimodern (mhm) celebrates its sixth anniversary of artistry and luxury leadership in the Colorado real estate industry. With a steadfast commitment to providing the highest levels of service through authentic human connection, our firm has continued to rank among the nation’s top brokerages and solidified its reputation as Colorado’s authority in luxury real estate. These achievements are reflected in a distinguished track record of client successes — outcomes made possible through the expertise of brokers deeply devoted to their communities.
As the 2024 real estate market navigated ongoing shifts in inventory, interest rates and buyer demand, mhm remains at the forefront of delivering market insight. We are thrilled to present this edition of the mhm Quarterly Market Report, designed to equip our clients with actionable knowledge of trends and seasonality. Our goal is to empower informed decisions, ensuring our clients are poised to achieve their real estate aspirations in 2025.
Thank you for allowing us to serve you!
Carmelo Paglialunga + Carla Thompson milehimodern owners
POLISHED PERFECTION
ELEGANT ESCAPE
Colorado Median Price
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.
OCTOBER
NOVEMBER
DECEMBER
denver
DECEMBER
Average Sold Price Days on Market $2M+ 1,095 131 128 $3,108,394 84
Average Sold Price Days on Market
$1M-$2M 2,151 480 528 $1,318,899 65 PREMIER Active Under Contract Sold
Average Sold Price Days on Market $500K-$1M 8,138 2,470 2,770 $670,830 53 DENVER + BOULDER
q4 summary
Since Q3 2024, buyers have seen a gentle reprieve from the heated summer and fall months with increased days on market across the board, yet inventory levels tightened further. Despite prices remaining relatively the same since Q3, Q4 remained a competitive period for prospective buyers. As we transition into a new year, buyers may wish to revisit their offer and negotiation strategies with the guidance of an informed and savvy broker.
Like buyers, sellers may have to adjust their market strategies to stand out amidst shifting conditions that are typical of a new administration. Despite any unforeseeable changes, sold listings in the Ultra-Luxury Market (priced at $4M and above) rose by 12.47%, signaling continued buyer interest in high-end properties.
As we look ahead, both buyers and sellers will need to adapt their approaches to navigate the evolving dynamics of the Denver real estate market. An experienced broker can provide critical insights into these shifting trends, ensuring clients are equipped to achieve their goals in the months to come.
year-end summary
In 2024, the Colorado real estate market has demonstrated resilience, with demand for luxury properties remaining robust despite fluctuating market conditions. Buyers continue to prioritize lifestyle-driven choices, from urban living in Denver’s vibrant neighborhoods to serene mountain retreats across Boulder and beyond. Meanwhile, sellers are leveraging opportunities created by a well-informed buyer pool, particularly in key high-demand areas.
milehimodern has risen to meet these dynamics with innovative strategies that keep our brokers and clients ahead of the curve. Our growth over the past year exemplifies this commitment: in 2024, mhm closed 1,950 transactions and achieved an extraordinary $1.95B in sales volume. These milestones not only underscore mhm’s dedication to excellence but also highlight the unique perspectives our brokers bring to the art of buying and selling homes.
As we look ahead, mhm remains dedicated to elevating the real estate experience for every client through our unparalleled expertise, creativity and passion for artistry in every transaction.
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.
