Sunday, December 21, 2014

Luxury home sales rise

Luxury home sales in the Denver area rose slightly more than 19 percent in November, compared with November 2013, according to a report released today.

A total of 81 luxury homes sold  in November, up from 68 in November 2013, a 19.1 percent increase, shows the report by Coldwell Banker Residential. The report is based on Metrolist data.

Meanwhile, the median sale price of a luxury property last month was $1.322 million, down fractionally from a year ago when it stood at $1.325 million.. November’s median sale price was up 5.2 percent from October.

Homes also sold at a faster pace on average in November than they did a year ago, and sellers received a higher percentage of their asking price on average.