High-end homes rule

Denver-area buyers last year paid $810.9 million for luxury homes, 9.5 percent more than the $740.6 paid in 2009, shows a report released on Thursday.

The report by independent broker Gary Bauer, based on Metrolist data, also showed that 528 homes and condos priced at least $1 million each closed in 2010, 11.6 percent more than the year before.

Overall, the million-plus market was the strongest sub-section of the housing market, which was down overall from 2009.

Indeed, the mix of expensive homes sold last year was a factor in driving up overall prices in 2010 from 2009, in addition to a shortage of super-low end houses because of demand for starter homes in 2009 created by bargain-based prices and fueled by the since expired tax credits.

Bauer said that a combination of factors from sellers and buyers led to the increased dollar volume and sales in the high-end market…..read more

4 Comments

  1. Antonette Vignola on February 18, 2011 at 3:28 am

    You are a very smart person!

  2. Enoch Persley on February 20, 2011 at 2:41 am

    I am constantly invstigating online for ideas that can help me. Thanks!

  3. Milan Dardy on February 21, 2011 at 4:52 am

    Very efficiently written article. It will be helpful to anyone who employess it, including myself. Keep doing what you are doing – looking forward to more posts.

  4. Sherilyn Penzero on May 5, 2011 at 6:54 am

    amazing post you’ve pick up

Leave a Comment