Denver-area luxury-home sales up 48% in January

The number of million dollar-plus homes sold in the Denver area last month remain small, but the the percentage gain from January 2010 was huge.

Some 40 homes sold for $1 million or more in the Denver area in January, a 48 percent jump from the 27 that sold and closed in January 2010, shows a report released today by Coldwell Banker Residential Brokerage in Colorado. An earlier report by independent broker Gary Bauer also showed an increase, although Bauer only tracked 34 homes in that seven-figure price range changing hands in the Denver area in January. Coldwell Banker’s report also showed a 21.6 percent drop from the 51 sales in December, although part of that decline could have been for seasonal reasons….read more

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