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Million dollar market up 16%

Luxury home sales in the Denver metro area climbed again in November compared to a year ago, but the median sale price dropped over the same period.  In November, a total of 44 homes sold for more than $1 million in the metro area – up 15.8% from the 38 that changed hands in November 2009.  “Once high-end buyers feel confident that the Colorado economy is steadily improving and employment is improving, they are going to move first,” said Chris Mygatt, president of Coldwell Banker Residential Brokerage in Colorado.  Read article:

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