Metro Denver’s luxury home market has continued strong during the first quarter of 2012, according to the most recent luxury home report from Coldwell Banker Residential Brokerage.  The number of days on the market is also down for homes priced from $500,000 to $1 million, according to Jill Croteau, Colorado regional Previews coordinator for Coldwell Banker Residential Brokerage.

“The typical Coldwell Banker Residential Brokerage listing marketed under the Previews program averages just 79 days on the market for homes priced from a half-million to $1 million,” said Croteau.  “Likewise, the number of days on the market for ultra-luxury homes priced at more than $1 million is also down, which is consistent with all market segments.  Buyers are anxious, and the lack of inventory is effecting all price points.”

The median sale price for a luxury home dipped to $1.25 million in January, down 2.4 percent from a year ago and 7.4 percent from December.  The Multiple Listing Service showed that all luxury homes in the metro Denver area averaged 190 days on the market, down from 207 days the previous month and 144 days from a year ago.

“These figures clearly show the distinct advantage that luxury home sellers have under the Previews program,” said Croteau.  “Our listings are sold an average of 111 days quicker than all other luxury homes listed in the area.”

The Previews program is regarded as the foremost marketing program for luxury homes worldwide.  Croteau and certified Previews property specialists with Coldwell Banker Residential Brokerage meet each month to discuss marketing strategies and tour luxury homes listed under the Previews program.

Most recently, these leading agents toured a luxury home listed by Broker Associate Dick Berst in The Preserve, an exclusive custom home community in Greenwood Village, and the Orchard Park patio home enclave in Centennial, which is marketed exclusively by Broker Associate Carrie Wernecke.

For more information on how the Previews program can benefit you when you’re ready to sell your luxury home, contact Croteau at 303.882.9700 or via e-mail at jill.croteau@coloradohomes.com.  Additional information is available online at http://www.ColoradoHomes.com.

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