DENVER, CO USA – LIV Sotheby’s International Realty (LIV SIR) is pleased to announce the release of its Year-End Micro Market Reports and Year-End Luxury Report. These comprehensive reports offer a look at the real estate performance within several Colorado communities, including Boulder County, Colorado Springs, Crested Butte, Denver Metro, the Foothills, Grand County, South Metro, Summit County, Telluride, the Vail Valley, and West Metro, during 2021 compared to 2020.
Last year, neighborhoods across the state experienced some commonality within the real estate trends observed. Despite low levels of inventory throughout Colorado’s Front Range and mountain communities, many areas still managed to end the year with improvements over 2020. Coming off the heels of the real estate boom in 2020, which was ignited by the pandemic and the sudden need for homes that helped people truly live at home, the continuation of the increased activity in the marketplace is encouraging.
In 2021, the average price for a single-family home in Denver Metro increased by 19% – bringing the average single-family home price to $682,489. The average price for attached homes last year was $428,825 – a 14.3% increase. While the real estate market in Denver Metro showed signs of slowing in comparison to the boom of buying activity seen in 2020, the market still finished the year with a 0.3% increase in the total listings sold. To see how each neighborhood within Denver Metro performed, read the Year-End Micro Market Report available at livsothebysrealty.com.
The luxury real estate market in Denver Metro continues to show its strength through an increase in homebuying activity year over year. Looking at the six-county Denver Metro area, the number of luxury listings sold rose by 59.9% in 2021 compared to 2020 – totaling 4,200 luxury homes sold. Overall, the average sale price of luxury listings in the area appreciated by 3.7%, increasing the average price for luxury listings in Denver Metro to $1,613,563. This combination of rising home sales and sale prices contributed to the impressive 65.7% increase in total dollar volume sold, which reached $6,776,964,868 last year. To see how each luxury neighborhood performed, read the Year-End Luxury Report available at livsothebysrealty.com.
Looking back at the real estate market’s performance throughout 2021, the strength of the housing market in Colorado is apparent. Both buyers and sellers were able to succeed on their real estate journeys thanks to various factors that influenced the highly productive market last year. To learn more about all sectors of the real estate market in Colorado and view LIV Sotheby’s International Realty’s selection of gorgeous listings, visit livsothebysrealty.com.
About LIV Sotheby’s International Realty
LIV Sotheby’s International Realty, the exclusive Board of Regent for the Who’s Who in Luxury Real Estate, has 23 office locations in the Denver Metro and surrounding areas, including Boulder, Castle Rock, Cherry Creek, Denver Tech Center, Downtown Denver, Evergreen, and the resort communities of Breckenridge, Winter Park, Dillon, Crested Butte, Telluride, and the Vail Valley. For more information, call 303.893.3200. To service all of your real estate needs visit www.livsothebysrealty.com.