Real Estate & Construction  November 18, 2014

Boulder sells most expensive metro-area home in October

Boulder boasted the most expensive home sale in the Denver Metro Area last month according to the latest luxury homes report from Coldwell Banker Residential Brokerage.

The five-bedroom, six-bathroom home at 3189 5th St. sold for $2.9 million.

The Coldwell Banker report is based on figures from Multiple Listing Service data of all homes sold for $1 million or more in October in the region.

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The Boulder sale came in a month that saw the median luxury sales price in the region dip nearly 5 percent from last month and 8.2 percent from the same month last year, to $1,257,177.

But the month also saw 19.4 percent more luxury sales in all than in September, rising from 77 to 92. That number of sales was even from a year ago.

“October was a very strong month for luxury sales in the Denver Metro Area, despite the shortage of listings,” Coldwell Banker Residential Brokerage president Chris Mygatt said in a statement. “There continue to be buyers out there ready, willing and able to purchase high-end homes. But we definitely need more properties to meet the strong demand.”

Boulder saw the second most million-dollar-plus sales in the region with 14, trailing only Denver’s 31. Cherry Hills Village had six, while Greenwood Village, Littleton and Parker all had five.

Homes sold in an average of 100 days on the market, down from 106 a year ago but way up from 55.7 days in September. Sellers received an average of 96 percent of their asking price, down one percentage point from both last month and last year.

Boulder boasted the most expensive home sale in the Denver Metro Area last month according to the latest luxury homes report from Coldwell Banker Residential Brokerage.

The five-bedroom, six-bathroom home at 3189 5th St. sold for $2.9 million.

The Coldwell Banker report is based on figures from Multiple Listing Service data of all homes sold for $1 million or more in October in the region.

The Boulder sale came in a month that saw the median luxury sales price in the region dip nearly 5 percent from last month and 8.2 percent from the same month last year, to $1,257,177.

But the month also…

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