Luxury Home Market Takes Off in 2013

The luxury home market in the Denver area took off with a brisk start in 2013 with 12 percent more sales of homes costing more than $1 million in January.

1. The average sales price for those homes increased slightly year-over-year, from $1.43 million in 2012 to $1.46 million.

2. The average days on the market continued to fall, from 239 in January 2012 to 214 last month.

3. The dollar volume for luxury homes last month rose 13.8 percent to $40.83 million from $35.87 million in January 2012.

The most expensive home sold last month was for $4.1 million.

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