Provided by LIV Sotheby’s International Realty A home at 866 South Clarkson St., listed by LIV Sotheby’s International Realty brokers Mckinze Casey and Garrett Beserra for $1,600,000, is a recently listed new construction home in Washington Park.
The real estate market in Colorado is continuing to be extremely hot, and fittingly the weather (finally) is starting to match.
LIV Sotheby’s International Realty provides monthly reports to view the real estate performance of metro Denver and Boulder. These reports assist potential buyers and sellers of real estate in making sound financial decisions by keeping their pulse on the recent activity and trends. April 2019 shows strong increases in performance, especially when looking at the ever-popular Denver area and Boulder markets.
Ranked as the second-best place to live in the U.S. in 2019 by U.S. News & World Report, Denver is specifically a desirable location due to the flourishing job market, adventurous culinary scene, an abundance of outdoor activities and, of course, the unbeatable weather.
Real estate performance in 2019 is reporting exceptionally well, with significant increases in price and volume.
Including all price points for Denver metro real estate, these increases include a 6 percent increase in new listings, a 3 percent increase in average list price, and a 4 percent rise in both total sales volume and average price per square foot.
The luxury market for metro Denver — $1 million and above — performed even greater than looking at all price points. Competition is high for the luxury market with a 13 percent decrease in average days on market to just 72 days in 2019. New listings increased by 17 percent, allowing for more inventory to meet the high competition. Total sales volume increased by 10 percent, resulting in a healthy market all around — with an increase in both supply and demand.
The luxury market of metro Denver also shows impressive increases when comparing the activity of April 2019 to March 2019. While it’s no secret that the market is heating up, the statistics define the level of increased activity with a stunning 67 increase increase in total sales volume, a 61 percent increase in listings sold, a 31 percent increase in new listings and a noteworthy 95 percent increase in the highest price.
Boulder, typically known as another top place to live, delivers a twist on urban life, perfectly placed and surrounded by the Flatirons. New listings have increased for real estate in Boulder, with a 13 percent increase year-to-date for all price points and a 16 percent increase year-to-date for properties $1 million and above.
Similar to Denver’s increase in activity in April compared to March of this year, Boulder’s luxury market also reported significant growth. Total sales volume increased by 37 percent, listings sold increased by 38 percent and new listings increased 37 percent to 159 new listings for just the month of April for properties priced $1 million and above.
Visit ColoradoMarketReports.com to view the latest monthly reports, which dissect the Colorado real estate performance. To service all of your real estate needs, visit LIVSothebysRealty.com or call 303-893-3200.
For more information, contact Kelli Williams, director of public relations, at 303-486-3738.
LIV Sotheby’s International Realty, the exclusive Board of Regent for the Who’s Who in Luxury Real Estate, has 23 office locations in metro Denver and surrounding areas, including Boulder, Castle Rock, Cherry Creek, Denver Tech Center, downtown Denver, Evergreen and the resort communities of Breckenridge, Crested Butte, Telluride and the Vail Valley.
The news and editorial staffs of The Denver Post had no role in this post’s preparation.