February’s Active Real Estate Market Leads to Two Significant Home SalesAmanda Molitor
During the month of February, Denver Metro saw increased activity within the real estate market. The luxury sector of the Denver Metro marketplace, defined as homes priced at or over one million dollars, performed especially well, according to LIV Sotheby’s International Realty’s (LIV SIR) monthly market reports. Comparing year-to-date statistics through February of this year to the same time frame of last year, total sales volume for luxury listings increased by 9%. The number of listings sold followed a similar upward trend, also growing by 9% through last month, bringing the total quantity of sold luxury properties to 234 homes this year. The average days on market within this category of homes decreased from 86 days through February of last year to 79 days through February of this year, an 8% drop. This metric helps illustrate an increase in demand for luxury homes in Denver Metro.
This rise in activity within the luxury real estate marketplace was beneficial for both buyers and sellers looking to reach their real estate goals. LIV SIR is proud to have represented the sellers of two of the highest-priced sales during February. Both luxury home sales took place in the distinguished neighborhood of Cherry Hills Village.
The highest-priced transaction that LIV SIR represented during the month of February was the sale of 8 Churchill Drive. Janet Kritzer represented the seller of this stunning estate which sold for the impressive price of $6,620,000. Set on nearly two and a half acres, this eight-bedroom, 13-bathroom home has it all. The outdoor living spaces and flagstone terraces provide the perfect setting to enjoy sunset views over the Cherry Hills Country Club golf course and the Rocky Mountains. The home’s interior exudes Tuscan-inspired elegance at every turn. Curling ironwork, magnificent carved stone fireplaces, and the European style’s signature arches adorn the home. For homeowners who love to host, the bonus spaces and amenities within this luxurious manor are unmatched. The billiards room, pub bar, wine cave, and theater room make this home the ultimate entertaining destination.
“A true icon within the Cherry Hills Village neighborhood, this home rises majestically over the Cherry Hills Country Club with unprecedented views of the golf course and mountains for an experience unlike any other,” stated Kritzer. “The property’s discerning features make this home spectacular for spending time with loved ones, entertaining guests, and all of life’s moments in between.”
Linda Behr, a founding broker at LIV Sotheby’s International Realty, had the pleasure of representing the sellers of 4101 South Colorado Boulevard last month. Built in 2014 and completed in 2016, the remarkable stone residence, which sits on a picturesque 2.25 acres, was sold in February for $6,250,000. Created and designed with a blend of exceptional quality, meticulous detail, and understated elegance, this dramatic, country estate features rich and sophisticated details. The warm and inviting interior includes fine finishes such as the Greystone Slate entry, flagstone walkways and terraces, wide-planked walnut floors, gourmet kitchen with soapstone countertops and custom kitchen cabinetry that is accented with Rohl plumbing fixtures and Rocky Mountain Hardware. Throughout the home, 10 and 12-foot ceilings make the space feel airy and bright. This stunning home also features a sumptuous master suite, four additional bedroom suites, a finished lower level, and a four-stall barn.
“This landmark property in Cherry Hills Village is one of the most beautiful estates that I have ever seen,” commented Behr. “The sellers went above and beyond to add their finishing touches, using their impeccable taste and style, into the interior of the home and also created a breathtakingly beautiful, landscaped oasis with a backdrop of canopy trees, expansive lawn, gardens, and inviting stone terraces. The wonderful, young family and proud owners of the property appreciated every aspect of this extraordinary estate, which truly is exceptional and unmatched in its setting and accommodations.”
LIV SIR is Colorado’s leading luxury real estate firm with an emphasis on lifestyle. For all of your real estate needs, contact LIV Sotheby’s International Realty by calling 303.893.3200 or by visiting livsothebysrealty.com.