What is a Northern Colorado Luxury Home?
Northern Colorado Luxury Homes are generally considered to be homes priced above $1,000,000 and typically are the most prime houses for sale on the market. In Northern Colorado, there have been 60 sales of homes over $1,000,000 in the last two years, representing 0.3 percent of the market. Northern Colorado luxury homes can be found nestled upon the foothills, sprawling over several acres of ranchland or overlooking pristine lake views. The interiors are abundantly furnished and exquisitely finished with high-end materials.
Another segment of the market is the “high-end” market and is generally defined as homes valued in the top 5 percent of the local market. In the Fort Collins and Northern Colorado market, there have been 20,000 homes sold in the last two years, and just 935 (4.5 percent) were priced above $500,000.
The pricing and marketing of a house for sale priced in the top 5 percent of the market requires a different strategy from normal real estate practices. The owners of high-end and luxury homes should be especially careful to work with a real estate professional accustomed to working in this upper end market. Establishing the right value for a fine home property requires careful consideration of a wide range of options and the best qualified professional is one who understands the market thoroughly. Ascent Real Estate Professionals has the experience and expertise when marketing and selling high-end and luxury homes. Ask us for references, or see our testimonials page.
Learn more about how you can be best represented when buying or selling a luxury home: