Luxury home sales jump 61% in Denver

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Denver-area sales of homes priced at $1 million or more jumped 61.8 percent in May from a year earlier, according to a Denver Business Journal report based on statistics from Coldwell Banker Residential Brokerage.

Nearly 55 percent of homes priced at $1 million or more sold in Denver during May, up from 34 last year.

Median price of the luxury homes that sold in May was $1.28 million.

The month’s highest priced sale in the metro area was a four-bedroom, seven-bath, 8,000-square-foot home in Boulder that sold for $4.45 million.

The brokerage said it drew its report from Multiple Listing Service data of all homes sold for more than $1 million in the Denver area by all brokers.