The LIV Sotheby's International Realty has recently released its January-September 2015 Luxury Market Report.
The Market Report compares data of single family homes and condos valued at over $1 Million from January to September this year, to the reports made last year.
The press release posted at Denver Post states that from January through September, property sales, within the seven Counties of the Denver metro region: Adams, Arapahoe, Boulder, Broomfield, Denver, Douglas and Jefferson, have demonstrated an upward growth.
The property sales in the said Denver counties rose 28.6 percent over 2014 statistics, with the average price per square foot increasing slightly by 1.1 percent, and the total dollar volume sold increasing by 24.9 percent.
According to Scott Webber, president of LIV Sotheby's International Realty, the upward trend in the luxury real estate market only proves that buyers still want to invest in quality real estate.
"The January through September 2015 luxury report indicates continued growth in the luxury sector," said Webber. "Luxury homes are selling in a reasonable time frame, however buyers still want to make an informed decision as to the investment quality of the property."
The report also uncovered that several counties showed significant improvement in luxury properties being sold this year compared to last year.
Denver County property sales have increased by 40.9 percent to 324 this year compared to the 230 in 2014, while Boulder County's Total Dollar Volume Sold increased by 32.1 percent to $407,300,757 from $308,346,008 in 2014. Eagle County had an increase of property sales by 13.0 percent from 231 in 2014, to 261 in 2015, while Summit County increased by 35.3 percent from 102 in 2014, and to 138 in 2015.
The steady growth of the luxury real estate market in Denver only shows that as the economy gets stronger, more people are more willing to spend extra dollars to purchase the homes they desire.
