This report shows you what has sold and closed in The Timbers over the past 4 years. Only closed sales over $750,000.
Last week at the end of February one of my buyers offered on and reached an agreement for a $1.225 million listing over in Pradera. So yes I believe the luxury home market in Parker is slowly coming to life after a lag in 2009.
Steve’s definition of high-end = anyone buying or selling above $750,000.
Since the end of 2009 there is a new demand for high-end luxury homes all around the Denver Metro. Douglas County and The Timbers have also seen a slight rebound and more activity in the luxury home market. We are not back to the levels we were experiencing in 2007 & 2008 but the year end stats for 2010 was only 7 home sales short of our high in 2007.
Lenders are calling me all the time to make sure I understand that money is now available for high-end luxury home buyers where it was unavailable just 18 to 24 months ago.
Here are the numbers for Home Sales in The Timbers that have a sold closing price ABOVE $750,000 since 2007.
Total Sales by Year: (2007 was a great year for The Timbers luxury home sales.)
2007 = 27
2008 = 21
2009 = 12
2010 = 19
Average Total Days on Market: (Less time on the market for 2010 may reflect less inventory and lower prices.)
2007 = 211
2009 = 223
Average NET Sold Price: (There were some really big sales in 2009. Some approaching $2 million.)
2007 = $1,086,326
2008 = $935,817
2009 = $1,174,156
2010 = $926,679
Remember I am only showing stats from homes that sold and closed at or above the $750,000 price point in The Timbers.
Total Volume of NET Sales By Year in The Timbers:
2007 = $29,330,805
2008 = $19,652,150
2009 = $14,089,875
2010 = $17,606,900
Average NET $ or Price per sqft Sold: (This is the sqft on the main level and upper level. It does not include the basement.)
2007 = $275
2008 = $261
2009 = $281
2010 = $235
Average Price per sqft Finished. (All finished sqft included.)
2007 = $221
2008 = $191
2009 = $217
2010 = $163