When it comes to luxury living in Douglas County, the market is on fire, favoring sellers with a robust 29% Sales Ratio. This Seller’s Market has been characterized by strong demand and impressive sales trends, making it an exciting time for both buyers and sellers alike.
In December 2023, luxury homes in Douglas County found eager buyers, fetching a median sale price of 97.42% of the list price. This indicates the market’s resilience and the ability of sellers to secure favorable terms for their properties.
Among the various price bands, the $1,200,000 to $1,299,999 range emerged as the most dynamic, boasting an impressive 70% sales ratio. It’s here that luxury properties are commanding attention and receiving exceptional interest from discerning buyers.
For those seeking to delve into the Douglas County luxury market, the median sales price for single-family homes stands at a remarkable $1,232,500. It’s a testament to the allure of this area and the unique opportunities it offers to homeowners.
While the market has been vibrant, it’s worth noting that the median days on market in December 2023 was 52 days, reflecting a slight increase compared to 26 days in December 2022. This shift indicates the need for buyers and sellers to be strategic and well-informed in their real estate endeavors.
If you’re considering a luxury home purchase or sale in Douglas County, now is the time to explore your options and make the most of this thriving market. Connect with the Colorado Fine Homes Team, your trusted partners in luxury real estate, to navigate the Douglas County market and turn your real estate dreams into reality.