Denver’s real estate market continues to get hotter with no signs of slowing down anytime soon. The Denver Metro housing market offers a wide range of properties & opportunities for buyers, but with home prices rising, it is best to act quickly. What you could have bought for $1 million a few years ago can be $1.5 million or higher. So, for those interested in the Denver luxury real estate market, it’s important to know where to buy and what to expect.
The typical home value in the Denver Metro area is $588,258 as of January 2022. However, the Denver Metro area has a number of $1 million dollar + neighborhoods. These are the most luxe communities that you will find in the city.
The luxury homes that Denver has to offer are located throughout the entire Denver Metro Area. There are some communities that have seen a lot of interest recently, with prices climbing into the multiple 7 figures. Let’s explore these key neighborhoods in Denver’s luxury market and what they have to offer.
Cherry Hill Village
The median listing price in Cherry Hills Village is $3.3 million, with a median listing price per square foot of $477. This exclusive community doesn’t have a large inventory of homes for sale, but it is an ideal choice for multiple reasons, including the fact it is just a 20-minute drive from Downtown Denver. A countryside feel, beautiful modern homes, and properties on as much as 10 acres offer some of the core benefits to this community.
With an average home price of around $2.2 million, Bow Mar is another ideal place to find Denver luxury real estate. It tends to have limited listings. It offers a country-like setting that’s quiet but easy to access. For those who want privacy, this area is one of the best choices. It’s also small, with only about 900 people calling it home.
In Columbine Valley, you will see a median listing price of $1.5 million. This community is in the city’s southwest sector, with about 1300 people living within it. It offers some outstanding larger homesites and lots of outdoor recreation. It also is home to a championship golf course. It maintains a country-like feel with more amenities than some other communities in the area.
Greenwood Village offers homes with a median listing price of $1.3 million, but home prices have gone as high as $21 million in this area. It is located about 15 miles from the Denver core, right along the 1.25 corridor. It is known for being a business hub and is home to many amenities, including the Fiddler’s Green Amphitheater, plenty of parks, and upscale restaurants. It also has a number of different shopping areas to satisfy the avid shopper.
For those looking to buy a luxury home in Denver, these neighborhoods are an excellent place to start looking. However, with such a large city it is difficult to find hidden gems and unadvertised features throughout the metro area. This is where we come in; our team at Halo Group Real Estate knows the city and its neighborhoods like no other. Contact us, and let’s start your journey towards homeownership!