Luxury residential and Denver's condo market reflect the national pre-occupation with the "K" economy. Luxury sellers and buyers are navigating expectations. Priced realistically, luxury residential homes are finding buyers within traditional days on market - 60 to 120 days. However, under $1 million, if attached (Condos or Townhomes) buyers are levering ample supply and motivated sellers. This market is about ample options and opportunity. Local taxing authorities are driving purchase decisions along with balancing typical location, lifestyle and financing choices. Certainly there are relocations from the metro area to other states. Denver's market is hardly at financial crisis levels - another 15000 units would need to exist to warrant such a concern.
The motivated and funded are equally able to leverage targeted properties that only a few years ago would have been available for moments rather than for weeks. Florida's continued win of corporate relocations from Colorado (Palantir being the most notable departure) ensures luxury sellers rely on experience and recent updates if not new features to ensure timely sales. Nationally, record sales are at play as high net worth buyers reset their domestic real estate holdings. To explore nationally, consider options like a luxury new build in West Palm Beach. Staying focused on Denver's luxury market, Cedar Estates is moments to Cherry Creek North and Washington Park. Take a peak here.
To evaluate which options are best for you, reach a MASONmodern agent today.