Luxury Home Market Consistent in Denver
By: Leon Castles
on Wednesday, May 16, 2012
The market for luxury home has always remained steady around the world. Although, Miami has been the main city that attracts buyers for luxury home market, Metro Denver has managed to keep their sales consistent for more than a year now. Metrolist Inc said that as per their data and research the prices for luxury homes in Metro Denver has remained stable for almost a year now and that is driving more buyers to Denver keeping their sales consistent. The data that reveals the information for the last one year indicates that the luxury home market in Denver is healthy and growing steadily.
The luxury home in Denver will cost buyers around $1 million and more so buyers are happy with that rate. So far, Denver real estate brokers have managed to close 41 luxury home and condo deals that would sum up to $64.2 million in volume sales. Many real estate brokers have said the number of deals have dropped compared to the sales they have made last year. However, the volume generated from the sales has been the same and to be precise it is just 3% up from the sales last year. The average sale price for luxury homes have gone up to $1.61 million from $1 million which is 7.3% up from the beginning of the year. Luxury condo average price has gone up by 4.1% from $1 million to $1.23 million in April.