Market Report - Denver, CO - metro area - luxury home neighborhoods - Preserve

These are my first attempts at posting neighborhood market reports in the Denver, CO market. I want to penetrate my the luxury home marketplace. This is certainly a challenging market in normal times, and in this times its like I'm the Don Quixote of agents.

A seperate blog is in order to determine my plan to crack this market segment. One important disclosure point is I'm really only interested in being a buyers agent in this marketplace. You might actually be better served by another agent for listing your home for sale.

What is important to focus on is

Count = Number of homes for sale

Avg Total DOM = 180 or less indicates sellers market. Higher favors the buyers

Avg list price = what the average list price is

Median = Where half the homes are more expensive and half the homes are less expensive

Volume list price = If you wanted to buy every home in that neighborhood how much it would cost. I find this figure very amusing.