CU basketball coach nets top home sale

BOULDER – The most expensive home sale in the Denver metropolitan area in October went to Colorado Buffaloes men’s basketball coach Tad Boyle.

That’s according to the latest luxury homes report by Coldwell Banker Residential Brokerage as well as Boulder County public records. Coldwell Banker’s luxury homes report compiles Multiple Listing Service data on all homes sold for $1 million or more in the region.

According to the report, the home at 3639 21st St. in North Boulder, a six-bedroom, six-bath, 7,400-square-foot home on two-thirds of an acre, was the area’s most expensive last month. County records show that Boyle and his wife, Ann, paid Howard Karawan $3.4 million for the home. The county records show that the Boyles also sold their Niwot home in early October for $1.375 million.

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The home sale highlighted a strong month overall for luxury homes. Ninety-three million-dollar-plus homes sold in the metro area in October, up from 73 in September and up the same amount from October 2012. There were 14 October sales of more than $2 million.

Fifteen luxury homes sold in Boulder for the month, second only to 27 in Denver. Five luxury homes sold in Cherry Hills Village.

The median sale price of luxury homes in the area last month was $1.363 million, just shy of the mark for September. While the average number of days on the market jumped from 87.7 in September to 105.4, luxury sellers did receive 96.5 percent of asking price, up from 94.3 percent in September.

“The Denver metro area’s luxury market remains healthy as we continue through the fall selling season and approach year-end,” Chris Mygatt, president of Coldwell Banker Residential Brokerage, said in a release. “There still is strong buyer demand for well-appointed and well-priced homes in the upper end of the market.”