The numbers are in. 2022 was another strong year for luxury sales of properties over $1,000,000.Along the whole Front Range in 2022, the number of luxury properties that sold was up 6.28% over 2021. The sold price per square foot was up 5.98% compared last year. Most interestingly, the number of luxury properties that closed this past year compared to 2019 was up by a whopping 133%. Sales of luxury properties is usually a good indicator of the overall health of the market.
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by Rondi duPont
Blog No Middle Class “The middle class is going away” is an often-used adage when talking about society. It is also a good way to describe today’s real estate market. When it comes to properties for sale, the middle class has gone away.There is a class of listings which are priced to the market, in great condition, with world-class marketing.Then, […]
Blog March Madness When things get crazy on Wall Street, it’s often good for real estate. Uncertainty in the stock market attracts investors to the stability offered by Treasury Bonds. Higher demand for bonds means lower interest rates which is obviously good for real estate buyers. “Turbulence in the financial markets is putting significant downward pressure on rates” […]
Blog Equity Cushion You may remember the term “Home ATM” from the mid 2000’s. This term stemmed from the abundance of homeowners who pulled significant amounts of equity from their homes in the form of Home Equity Loans and Lines of Credit. Home values dropping in 2008, 2009 and 2010 caused many homeowners to be ‘underwater’ meaning that, […]