Denver metro area luxury home sales in September were 38 percent higher than the luxury home sales in September 2011, according to a new report by Coldwell Banker Residential Brokerage.
A total of 69 homes sold for more than $1 million in September, up from the same month a year ago when 50 high-end homes changed hands, according to the report.
Sales were down from the August total of 74 transactions, although the report said a small seasonal downturn is normal.
The median sale price of a luxury home closing in September was off 1.9 percent from last year to stand at $1,312,500. But the median price was up 3.9 percent from August.
"Luxury home sales in the Denver metro area remain very strong as we go through the fall selling season," said Chris Mygatt, president of Coldwell Banker Residential Brokerage in Colorado. "We were encouraged by the number of transactions, in particular the robust sales in the high-end of the luxury market."
The most expensive sale in the metro area in September was an eight-bedroom, nine-bath approximately 8,000-square-foot home in Denver which sold for $5.4 million.
Denver also boasted the most million-dollar sales with 25, followed by Boulder with eight, and Greenwood Village with six and Cherry Hills Village with five.
Homes sold in an average of 152 days, down from 202.7 days a year ago but up from 139.2 days the previous month.
Sellers received an average of 92 percent of their asking price, up from 91.7 percent a year ago but down from 95.4 percent the previous month.
Howard Pankratz: 303-954-1939, hpankratz@denverpost.com or twitter.com/howardpankratz
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