Denver’s Luxury Real Estate Market Experienced a 700% surge in the Last Decade
The luxury real estate market in Denver has seen substantial growth over the last decade. Last year alone, 876 properties in the city closed for $2 million or more. All in all, between 2013 and 2022 Denver’s luxury market grew by around 700%.
It’s not just the local luxury market seeing substantial growth; over the last ten years the average price for “all homes in the Denver metro area prices have increased by 121 percent from $306,00 to $678,000” according to the Denver Post. The growth picked up pace over the decade as well; in 2022, Denver was one of the top 10 fastest growing cities in the United States.
The Denver real estate market isn’t showing any signs of slowing down either. If anything, it looks like the city’s population will continue to grow thanks to local job opportunities and business incentives, and as quality of life concerns become increasingly important to prospective buyers.