This is the November 2017 Real Estate Market Update for
Loveland CO Luxury Homes for Sale
Luxury homes are special - they tend to be bigger and situated on larger lots in neighborhoods of similar homes; they are most often a custom design; and they offer high quality fixtures and finishes, top-of-the-line appliances, and unique design elements. While these homes are highly desirable, their price range* attracts a smaller buyer pool than other homes, and they take a bit longer to sell. Consequently, the luxury home market has slightly favored buyers over the last several years, so there's a good selection to choose from and prices are competitive.
If you'd like to browse the current inventory, or are just curious about the homes on the market, check out Luxury Homes for Sale in Loveland CO.
There are 71 luxury homes for sale in the Loveland area at the present time, priced from $708,386 to $2,995,000, offering a nice range of styles, sizes, and locations. There are another 31 luxury homes under contract and waiting to close.
Luxury homes have sold well in Loveland CO so far in 2017 - there have been 126 sales, with prices ranging from a low of $700,000 to a high of $2,250,000, with a median price of $805,000 and an average price of $875,749. Market performance was good for this category - the average days to get an offer was 82 days, with an average days on the market of 125. The sale price/list price ratio for these 126 homes was 98.2%.
There is frequent change in the availability of luxury homes, so if you would like to keep an eye on this market segment, we can help - we'll set up an on-going search especially for you, with your own customized web site - you'll be notified as soon as new listings are posted. And when you find a home that looks interesting, please give us a call – we would be delighted to schedule a showing for you at your convenience.
*Please note that in response to increasing prices across the board for Loveland homes, we have recently raised the starting point for this category to $700,000, which includes roughly the most expensive 20% of all homes for sale.
Mary & Dick Greenberg
Data Source: IRES MLS