Everyone who loves Denver knows our Real Estate market is booming! But what we get asked a lot from friends and loved ones is, “How many people are really buying those million dollar mansions in Cherry Creek and other neighborhoods? If they have that kind of money, wouldn’t they want to buy a million dollar mansion on the beach?” Our answer? Oh, they’re selling, and at a much higher volume than before!
When looking at this years sales and comparing them to this time last year, there were 145 sales of $1 million and higher residential properties last month, which is up 10 percent from September 2016 when 131 sold. The median sales price remained $1,325,000 which was the same median price as the year earlier. Although prices held steady, the total sales made very strong gains.
The priciest sale last month was a five bedroom, seven bathroom, 12,192-square foot Cherry Hills Village estate that sold for $4.3 million. The latest report shows that rising prices for mansions aren’t deterring buyers.
There’s nothing we love more than helping people purchase real estate. There is something about helping others find, fight for, and secure their dream home; one of the biggest commitments they will make. If you have been thinking about purchasing a home in the Denver area, go ahead and start your search here. You won’t be disappointed.
Do you already own a home in the Denver Metro area? Thinking about making a change and are ready to sell? Click this link to find out how much your home could be worth FAST & FREE!