This report is for homes priced at or above one million dollars that are located in Parker, Colorado.
If you are considering buying a custom home or any home priced over a million dollars in Parker, CO you have options. There is a solid selection of good homes on the market to choose from but there is also a high demand for homes priced at a million or more. The Timbers, Pradera and The Colorado Golf Club are all posting high numbers of homes selling at or above $1,000,000.
Wow – almost 12 months of inventory for the luxury home market in Parker, CO. Today the absorption rate is 11.75 months of inventory in Parker Colorado. Twelve months of million dollar inventory sounds like a lot but 6 months ago I checked and there was nearly 2 years of million dollar homes listed for sale just in Parker. Many of the homes that were listed have sold but also many of them dropped their prices below $1,000,000 so they fell off this list.
“As of today 28 of the 53 active million dollar listings have had price reductions and the average days on market is 191. “
The current average asking price for active homes is $1.6million. This seems like a lot when you think back to 6 years ago when we couldn’t giveaway a million dollar home. Lenders were not lending and buyers were not buying in this price range. Things have changed.
“In the past 12 months 288 homes have sold at or above $1,000,000 in Douglas County. In all of 2009 only 70 homes closed above a million.”