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.

Comments

Post a Comment

Popular posts from this blog

Why Are So Many Trees Dying in Colorado?

Image
On a recent trip on I-70 to evaluate some land for a client, I was confronted with sad but beautiful image of red forests stretching for miles across the hills. The image of a red "evergreen" contrasting against the green scenery is mesmerizing at first until you take a closer look at red death destroying millions of trees in Colorado. Beetle epidemics across the western United States are becoming more obvious every season with entire landscapes turning red and brown as trees die. In northwest Colorado the beetle epidemics, triggered by extended drought in aging forests, are intensifying at an alarming rate, and there is little that can be done to stop them. Actions can be taken to protect high value areas such as ski areas, developed campgrounds and trees in people’s yards. Hastening Death: Pine beetles carry a fungus on their body and legs. Once they enter the tree, the fungus multiplies and spreads. This blue stain fungus blocks the transport of water up the tree’s trunk
Read more

14 Open House No No's

Open houses represent a large commitment of our times as Realtor, sellers. or FSBO . However, to most real estate agents and some For Sale By Owner sellers it's a casual afterthought consisting of putting an open house sign by the front door and praying for good weather and some of the neighbors to stop by. An Open house is intricate exercise of salesmanship and planning and if you are going to have an open house it will be wise to avoid these pitfalls: 1. Poor visibility . Have enough signs to help people find a tricky street and capture drive-by traffic from all major streets surrounding the home. 2. Insufficient directions. In your advertisements and flyers , give specific directions that take prospective buyers past the nearby golf course or other desirable neighborhood landmarks. 3. Competing events. Make sure the date and time of the open house don’t conflict with a major holiday or sporting event. 4. No giveaway. Provide an item of value, such as an article about a new co
Read more

Coming Soon: 31,000 NEW homes in the metro #Denver residential pipeline

Image
New wave of development poised to roll across Denver's suburban fringe Prosper, an expansive 9,000-home community which got preliminary approval from Arapahoe County last month, is just one of several giant residential communities on the horizon. It joins 12,000-home Sterling Ranch, the first phase of which was approved by Douglas County in January, and 10,000-home Green Valley Ranch East in Adams County as the latest mega master-planned developments to put outward pressure on metro Denver's footprint. Read article  
Read more

How to use one day codes for SentriLock (For Realtors)

How to Use 1 Day Codes You can use the following instructions to open the key compartment of a lockbox with a 1 day code. On the lockbox's keypad, press and hold  ENT . This will "wake up" the lockbox. When the lockbox lights up the keypad, enter your 1 day code. For example 2862745, and press  ENT . The lockbox will open the key compartment. Here are some possible problems and what to do about them: If the  CODE  and  ERROR  lights alternate after you enter a 1 day code, you've entered an incorrect code. You should verify the code with the owner of the lockbox. If pressing the  ENT  key in step 1 above does not wake up the lockbox (that is, the lockbox keypad does not light up), the lockbox owner may have locked the keypad (either with or without intending to). Normally the lockbox unlocks its keypad when a showing agent inserts his or her SentriCard®. Since you are using a 1 day code, you probably do not have a SentriCard®. You can unlock the keypad by inserting a c
Read more

Colorado Court of Appeals Upholds Lender Responsibility for Assessments Post Foreclosure

On January 24, 2008, the Colorado Court of Appeals affirmed an EL Paso County District Court ruling awarding an association all assessments that were unpaid by the lender who became the owner of a unit after a foreclosure. The Court of Appeals also confirmed that the association was entitled to its costs and reasonable attorney fees associated with the unpaid assessments. Good case law protecting associations in Colorado is limited, so this case is helpful in: Affirming that associations have no obligation to file a notice of lien - lien is perfected by the recording of the declaration pursuant to C.R.S 38-333.3-316. Lien priorities are determined by C.R.S. 38-333.3-316, not a declaration. A security interest on a unit which has priority over all other security interests in the unit (e.g. a first deed of trust) must be consensual. Attorney fees awards aren't discretionary if allowed by statute or under non-discretionary language in a declaration. The super lien can never exceed an
Read more