DENVER – The luxury housing market in Denver has set a new record.
According to online real estate blog, Colorado Real Estate Watch, 115 single-family homes priced at $1 million or more were sold in the Denver-area in July.
That makes last month the best July on record for sales of homes priced at $1 million or more.
Luxury housing market sales were up 10.6 percent in July compared to the same month in 2015.
In July 2015, 104 luxury homes were sold.
The total dollar volume of luxury home sales last month was $173.87 million, according to Kentwood Real Estate.
That’s a nearly 8 percent increase from July 2015 which had a $161.18 million total dollar volume of luxury homes sales.