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Luxury home sales on the rise

It looks like the high end may not crash like we expected it to. That's a good sign!

(source: Denver Business Journal)

Denver-area luxury-home sales jump 62%

"Denver-area sales of homes priced at $1 million or more jumped 61.8 percent in May from a year earlier, according to Coldwell Banker Residential Brokerage's monthly report on high-end sales.

Fifty-five homes priced at $1 million or more sold in May in the metro area, up from 34 in May 2009, according to the brokerage, a leading local seller of luxury homes.

Median price of the luxury homes that sold in May was $1.28 million. The month's highest priced sale in the metro area was a four-bedroom, seven-bath, 8,000-square-foot home in Boulder that sold for $4.45 million.

Denver itself saw 18 million-dollar-or-more sales in May, while Boulder had 11, Castle Rock had five and Greenwood Village had four, according to the brokerage's monthly "Denver Metro Area Luxury Home Report.""

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