GREATER METROPOLITAN DENVER MARKET STATISTICAL NARRATIVE

HOMES SOLD FOR $1 MILLION OR GREATER

AUGUST, 2012
Market Metrics:
Seventy two homes closed in August, 2012 for $1 Million or greater with a closed dollar volume of $103.5
Million
Monthly Market Recap:
.
Single Family:

Condo:

Active Inventory is 775 units at month end

Sold units is 67
Average Sold Price is $1,391,374
Median Sold Price is $1,262,500
Average Price per Square Foot is $341

Active Inventory is 50 units at month end

Sold units is 5
Average Sold Price is $2,059,210
Median Sold Price is $1,795,000
Average Price per Square Foot is $567

For Single Family, 18 were in Boulder County, 17 were in Arapahoe County, 15 were in Denver County, 9
were in Douglas County, 7 were in Jefferson County, and 1 was in Adams County.
For Condo, 4 were in Denver County and 1 was in Boulder County.
Of the 67 Single Family homes sold, the highest priced closing for the month was $3.5 Million
representing 6 Bedrooms, 7 Baths, and 7,956 square feet.
August Year-to-Date Market Recap (2012 versus 2011):
Single Family:

Condos:

Active Inventory 775 versus 921 (16%)

Sold Units 445 versus 353 (26%)
Sales Volume $653M versus $546M (20%)
Average Sold Price $1.5M versus $1.5M (5%)

Active Inventory 50 versus 92 (46%)

Sold Units 33 versus 26 (27%)
Sales Volume $51M versus $36M (39%)
Average Sold Price $1.5M versus $1.4M (10%)

Of the 445 Single Family homes sold year to date, the highest priced closing for the year was $7.5 Million
representing 5 bedrooms, 8 bathrooms, and 11,550 square feet.
Of the 33 Condo homes sold year to date, the highest priced closing for the year was $4.0 Million
representing 3 bedrooms, 4 bathrooms, and 3,736 square feet.

Notes:
The above representation covers an eleven (11) county area including the counties of
Adams, Arapahoe, Boulder, Broomfield, Clear Creek, Denver, Douglas, Elbert, Gilpin,
Jefferson, and Park.
The above representation may or may not reflect all real estate activity in the market.
Source: Metrolist, Inc.
2012 Garold D Bauer, All Rights Reserved, Information Deemed Reliable But Not
Guaranteed

GREATER METROPOLITAN DENVER REAL ESTATE STATISTICS

SOLD SINGLE FAMILY PROPERTIES $1 MILLION OR GREATER
AS OF AUGUST 31, 2012
Snapshot
AUG, '12

Prior
Month

Year Ago

Prior
Month

Year Ago

SINGLE FAMILY

775

737

921

5.16%

-15.85%

67
$ 93,222,073
152
79
$ 1,566,138
$ 1,479,386
$ 1,391,374
$ 1,389,806
$ 1,395,000
$ 1,299,000
$ 1,262,500
$ 1,262,500

67
$ 103,233,122
135
61
$ 1,668,907
$ 1,614,131
$ 1,540,793
$ 1,540,422
$ 1,395,000
$ 1,369,259
$ 1,300,000
$ 1,300,000

39
$ 59,752,698
142
63
$ 1,784,885
$ 1,652,333
$ 1,532,120
$ 1,530,888
$ 1,450,000
$ 1,350,000
$ 1,300,000
$ 1,300,000

0.00%
-9.70%
12.59%
29.51%
-6.16%
-8.35%
-9.70%
-9.78%
0.00%
-5.13%
-2.88%
-2.88%

71.79%
56.01%
7.04%
25.40%
-12.26%
-10.47%
-9.19%
-9.22%
-3.79%
-3.78%
-2.88%
-2.88%

Active Listings

Sold
Closed $ Volume
Average Total DOM
Median Total DOM
Average Price (Original)
Average Price (List)
Average Price (Sold)
Average Price (Net Sold)
Median Price (Original)
Median Price (List)
Median Price (Sold)
Median Price (Net Sold)
Percentage Analysis
Sold
Average Price/Average List
Average Price/Average Original
Median Price/Average List
Median Price/Average Original

94.05%
88.84%
97.19%
90.50%

95.46%
92.32%
94.94%
93.19%

92.72%
85.84%
96.30%
89.66%

-1.48%
-3.77%
2.37%
-2.89%

1.43%
3.49%
0.92%
0.94%

Net Sold
Average Price/Average List
Average Price/Average Original
Median Price/Average List
Median Price/Average Original

93.94%
88.74%
97.19%
90.50%

95.43%
92.30%
94.94%
93.19%

92.65%
85.77%
96.30%
89.66%

-1.56%
-3.86%
2.37%
-2.89%

1.39%
3.46%
0.92%
0.94%

Footnotes: Sold presented as # of units.

DOM = Days on Market
The above representation may or may not reflect all real estate activity in the market
Source: Metrolist, Inc.

2012 Garold D Bauer, All Rights Reserved, Information Deemed Reliable But Not Guaranteed

GreaterMetropolitanDenver
MonthEndInventoryof$1MillionPlusHomes
SingleFamily

Condo

Feb,'12 Mar,'12 Apr,'12 May,'12 Jun,'12

The above representation may or may not reflect all real estate activity in the market.
Source: Metrolist, Inc.
2012 Garold D Bauer, All Rights Reserved, Information Deemed Reliable But Not Guaranteed

825
775

787
737

50

58

596
62

58

582
68

604

683
6

766

658

650

673

741

824
Jan,'12

69

65

63

74

Oct,'11 Nov,'11 Dec,'11

50

Aug,'11 Sep,'11

67

84

92

566

4
644

650
0

695

629

709

724

799

762

921

883

1,013

Residential

Jul,'12

Aug,'12

GreaterMetropolitanDenver
DaysonMarket $1MillionPlusHomes
SINGLEFAMILY
250
224
204

197
200

216

214

211

200

186

179

197
153
150

142

165

152

165

140
129
129

135
140

136

100
99

97
81

50

63

79
61

Aug,'11 Sep,'11 Oct,'11 Nov,'11 Dec,'11 Jan,'12 Feb,'12 Mar,'12 Apr,'12 May,'12 Jun,'12 Jul,'12 Aug,'12
AverageDaysonMarket

MedianDaysonMarket

The above representation may or may not reflect all real estate activity in the market.
Source: Metrolist, Inc.
2012 Garold D Bauer, All Rights Reserved, Information Deemed Reliable But Not Guaranteed

GreaterMetropolitanDenver
$1MillionPlus SingleFamily
1,000

921

900
799

766

800
695
700

683

650

644
604
566

600

775
775
737

582
582

596

500
400
300
200
100

39

42

33

35

39

33

30

49

72
36

91

67

67

Aug,'11 Sep,'11 Oct,'11 Nov,'11 Dec,'11 Jan,'12 Feb,'12 Mar,'12 Apr,'12 May,'12 Jun,'12 Jul,'12 Aug,'12
ActiveInventory

Sold

The above representation may or may not reflect all real estate activity in the market.
Source: Metrolist, Inc.
2012 Garold D Bauer, All Rights Reserved, Information Deemed Reliable But Not Guaranteed

GREATER METROPOLITAN DENVER REAL ESTATE STATISTICS

SOLD CONDO PROPERTIES $1 MILLION OR GREATER
AS OF AUGUST 31, 2012
Snapshot
Aug, '12

Prior
Month

Year Ago

Prior
Month

Year Ago

CONDO
Active

Sold
Closed $ Volume
Average Total DOM
Median Total DOM
Average Price (Original)
Average Price (List)
Average Price (Sold)
Average Price (Net Sold)
Median Price (Original)
Median Price (List)
Median Price (Sold)
Median Price (Net Sold)

50

50

92

0.00%

-45.65%

5
$ 10,296,051
119
94
$ 2,020,560
$ 2,178,960
$ 2,059,210
$ 2,054,210
$ 1,899,900
$ 1,899,900
$ 1,795,000
$ 1,770,000

5
$ 7,355,000
113
101
$ 1,590,780
$ 1,540,980
$ 1,471,000
$ 1,451,000
$ 1,500,000
$ 1,430,000
$ 1,400,000
$ 1,400,000

6
$ 7,851,500
111
123
$ 1,598,667
$ 1,607,333
$ 1,308,583
$ 1,308,583
$ 1,350,000
$ 1,350,000
$ 1,249,500
$ 1,249,500

0.00%
39.99%
5.31%
-6.93%
27.02%
41.40%
39.99%
41.57%
26.66%
32.86%
28.21%
26.43%

-16.67%
31.13%
7.21%
-23.58%
26.39%
35.56%
57.36%
56.98%
40.73%
40.73%
43.66%
41.66%

Percentage Analysis
Sold
Average Price/Average List
Average Price/Average Original
Median Price/Average List
Median Price/Average Original

94.50%
101.91%
94.48%
94.48%

95.46%
92.47%
97.90%
93.33%

81.41%
81.85%
92.56%
92.56%

-1.01%
10.21%
-3.49%
1.23%

16.08%
24.51%
2.07%
2.07%

Net Sold
Average Price/Average List
Average Price/Average Original
Median Price/Average List
Median Price/Average Original

94.27%
101.67%
93.16%
93.16%

94.16%
91.21%
97.90%
93.33%

81.41%
81.85%
92.56%
92.56%

0.12%
11.47%
-4.84%
-0.18%

15.80%
24.22%
0.65%
0.65%

Footnotes: Sold presented as # of units.

DOM = Days on Market
The above representation may or may not reflect all real estate activity in the market.
Source: Metrolist, Inc.

2012 Garold D Bauer, All Rights Reserved, Information Deemed Reliable But Not Guaranteed

GreaterMetropolitanDenver
$1MillionPlus Condo
100
92
90

84

80

74
69

67

70

63

65

68
62
58
58

60

58
58
50

50

50
40
30
20
10

5
1
1

5
1
1

7
3

Aug,'11 Sep,'11 Oct,'11 Nov,'11 Dec,'11 Jan,'12 Feb,'12 Mar,'12 Apr,'12 May,'12 Jun,'12 Jul,'12 Aug,'12
ActiveInventory

Sold

The above representation may or may not reflect all real estate activity in the market.
Source: Metrolist, Inc.
2012 Garold D Bauer, All Rights Reserved, Information Deemed Reliable But Not Guaranteed

GreaterMetropolitanDenver
DaysonMarket $1MillionPlusHomes
CONDO
500
450
400
350
300
250
200
150
100
50

Aug,'11

Sep,'11

Oct,'11

Nov,'11

Dec,'11

Jan,'12

AverageDaysonMarket

Feb,'12

Mar,'12

Apr,'12

May,'12

Jun,'12

MedianDaysonMarket

The above representation may or may not reflect all real estate activity in the market.
Source: Metrolist, Inc.
2012 Garold D Bauer, All Rights Reserved, Information Deemed Reliable But Not Guaranteed

Jul,'12

Aug,'12

Greater Metropolitan Denver Real Estate Statistics

$1Million Closed Dollar Volume

2012
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
YTD

Single Family
33
30
49
36
72
91
67
67

# Closed
Condo
5
2
1
5
3
7
5
5

445

33

Residential
38
32
50
41
75
98
72
72
0
0
0
0
478

2012
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
YTD

YTD AVERAGE PRICE

2011
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
YTD

Residential
$ 54,236,770
$ 48,501,778
$ 76,177,299
$ 64,202,775
$ 106,696,982
$ 140,731,214
$ 110,588,122
$ 103,518,124
$
$
$
$
$ 653,566,013 $ 51,087,051 $ 704,653,064

Single Family
32
27
33
51
42
66
63
39

# Closed
Condo
2
2
3
6
2
4
1
6

353

26

Residential
34
29
36
57
44
70
64
45
0
0
0
0
379

YTD AVERAGE PRICE

%
26.06%
YTD AVG PRICE %

Single Family
$ 47,311,770
$ 44,252,778
$ 74,867,299
$ 58,021,275
$ 102,883,982
$ 129,773,714
$ 103,233,122
$ 93,222,073

2011
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
YTD

26.12%

1,468,688 $ 1,548,092 $

Single Family
$ 48,537,583
$ 42,005,989
$ 50,935,200
$ 76,552,713
$ 62,143,140
$ 99,126,452
$ 107,004,120
$ 59,752,698

1,474,170

Closed
$
Volume
Condo
2,320,000
3,750,000
4,086,000
7,739,527
4,800,000
5,033,500
1,110,000
7,851,500

Residential
$ 50,857,583
$ 45,755,989
$ 55,021,200
$ 84,292,240
$ 66,943,140
$ 104,159,952
$ 108,114,120
$ 67,604,198
$
$
$
$
$ 546,057,895 $ 36,690,527 $ 582,748,422

$
26.92%

Closed
$
Volume
Condo
$ 6,925,000
$ 4,249,000
$ 1,310,000
$ 6,181,500
$ 3,813,000
$ 10,957,500
$ 7,355,000
$ 10,296,051

$
$
$
$
$
$
$
$

1,546,906 $ 1,411,174 $
19.69%
-5.06%

39.24%
9.70%

The above representation may or may not reflect all real estate activity in the market
Source: Metrolist, Inc.

2012 Garold D Bauer, All Rights Reserved, Information Deemed Reliable But Not Guaranteed

1,537,595
20.92%
-4.12%