Denver area multi-million-dollar homes are selling fast!

Mike Shanahan's Mansion
More Denver area multi-million-dollar homes sold in May compared with both a month and a year earlier. In the Denver metro area, there were 232 sales of residential properties priced $1 million and higher in May, which is a 38 percent increase from the same month in 2016 and a 27 percent increase from April.
Although there are more sales, buyers of the luxury homes might be getting a deal these days, as the median sales price for luxury properties in May dipped slightly to $1,293,150 compared with $1,296,000 in May 2016.
Of the luxury home sales in the Denver metro area, 21 were of properties priced $2 million or more last month, the same as in May of 2016. Seven $3 million-plus homes were sold in May, compared to five in May 2016 and eight $3 million-plus sales last month, The most expensive Denver sale last month was an 11,716-square-foot estate with five bedrooms and six bathrooms, trading for $5,850,000.

In Colorado right now, the most expensive home for sale is a 6,919-acre Mesa County ranch on the market for $149 million.

In Denver, the most expensive home for sale is a 6,599-square-foot condo in Cherry Creek, offered at $10,475,000.

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