Fun Facts •
March 15, 2024
No Omens
Shakespeare famously wrote, “beware the Ides of March” in reference to March 15th.
However, when it comes to luxury real estate, there doesn’t seem to be any bad news on the horizon.
Instead, properties priced over $1 million are certainly on the upswing.
So far this year, there have been 26% more sales of luxury properties in Larimer County compared to early 2023.
And in Weld County, luxury property sales are up 36%.
Strength in the luxury market is certainly an indicator of the overall confidence in Northern Colorado real estate.
Fun Facts •
October 28, 2022
Luxury is Stronger
The market above $1,000,000 is stronger than the market overall.This is true in both Northern Colorado and Metro Denver.The luxury market is not slowing to the same degree as the overall market.In Northern Colorado:
- Closed transactions are down 41% in the overall market and 26% in the luxury market over $1,000,000
- Pending transactions are down 44% overall and only 13% in the luxury market
In Metro Denver:
- Closed transactions are down 40% overall and only 13% over $1,000,000
- Pending transactions are down 41% overall and only 17% in the luxury market
This is likely because higher-end buyers are not as sensitive to higher interest rates and there tend to be more cash transactions in the luxury market.