It seems like the lower priced homes are flying off the shelves, but how are the high priced homes in Denver doing? According to a terrific article out today from John Rebchook with insiderealestatenews.com, surprisingly well.
A total of 58 homes sold for more than $1 million in April, up more than 70 percent from March and 18 percent from April 2009 when the nation's economy was just beginning to pull out of its long downturn. Last month's sales were the most for any month since June of 2009.
This is a great sign for the Denver market which has been troubled by declined sales in the $500,000 and up range for the past few years. With the drop in interest rates this past week, along with the stock market doing better, we have already seen showings in our office increase on our higher priced listings. Hopefully this trend will continue and will help round out the surprisingly strong, Denver market. For the full article, click here.
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