Sunday, February 7, 2010

Sales Slip for Luxury Homes in Denver

In the Denver Business Journal 2/1 - stated there was a 9.5% sales boost in median sales price, but the total amount of sales decreased. In December 2009, there were 33 homes in the Denver metro area for $1 million and more, which is down from 48 sales in December 2008.

Median sales price for December 2009 increased 9.5 percent to 1.35 over the previous year. some real estate experts believe the median price is a better indicator of what the market is doing, over the average price of homes.

Joan Cox, GRI,ABR,CRS,e-Pro
Metro Brokers - House to Home, Inc.
Denver, CO 80237
www.JoanCox.com
720-231-6373