Boulder logs 30 million-dollar home sales in October

DENVER – Sales of luxury homes in the Denver metro area increased 24 percent in October versus the same month a year ago.

The figures are the latest released by Coldwell Banker Residential Brokerage and are based on Multiple Listing Service data of all homes sold in the area for $1 million or more.

A total of 117 such homes sold in Metro Denver last month, with more than a quarter of those (30) coming in Boulder. Only Denver had more than Boulder with 39, while Greenwood Village was third on the list with nine.

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The 117 mark eclipsed last year’s October mark of 94, and was an increase over September of this year’s 106 luxury sales. The total included 18 sales of more than $2 million and seven above $3 million.

The most expensive sale in the metro area for the month was a 12,000-square-foot home in Cherry Hills Village that went for $7.25 million.

Luxury homes sold in an average of just 75.3 days on the market, down from 98.2 a year earlier but up from 68.5 the previous month.

“October was a very good month for the Denver Metro Area’s luxury market with both strong sales and good valuations,” Chris Mygatt, president of Coldwell Banker Residential Brokerage, said in a press release. “Buyers continue to be out there ready to purchase the right home, and we’re finally starting to get a few more listings for them to choose from.”