One of the many interesting dynamics in our Northern Colorado market is the mismatch between inventory and sales.
Meaning, there isn't enough of what most people want.
Under $300K = 1,123 homes sold/87 currently for sale
$300K to $500K = 1,106 homes sold/358 currently for sale
$500K to $1M = 310 homes sold/301 currently for sale
Over $1M = 13 homes sold/54 currently for sale
By the way, this means that is an incredible opportunity for the move up buyer. Contact us to see what your home is worth in today's market.
Let's have some fun with 5 Fascinating Facts about the Luxury Market in Northern Colorado (homes priced over $700,000):
- Luxury homes represent 19% of all available inventory
- Luxury homes represent 3% of all closed sales
- The luxury market has 11 months of inventory
- The average sales to list price for a luxury home is 97%
- The average days on market for a luxury home is 132 days
Hot off the press is our brand new Luxury Market Report. It's 12 pages of fun facts, charts, graphs and insights into the $700,000-plus market in Northern Colorado. This is a must-have resource.
Simply email email@example.com and we will get one in your hands right away.