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If you’ve been waiting for the perfect time to buy your dream home, now might be it: Denver’s $1 million-or-greater real estate market is now a buyer’s market. As some sellers hesitate to list their homes, buyers have been even more patient, resulting in a dramatic increase in for-sale options. Since last month, the median days on market surged by 50 percent to 15 days, according to the monthly trends report released by the Denver Metro Association of Realtors (DMAR).
“For buyers, this is great news,” says Colleen Covell, DMAR Market Trends Committee member. “This summer, buyers in the $1 million-plus range have the greatest number of homes to choose from and the least amount of competition in years. With many sellers offering concessions to help with rate buy-downs or closing costs, buyers can find great deals, even with higher interest rates.”
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Below, a handful of eye-catching listings simmering on the local luxury real estate market, from a Cherry Hills Village mansion made with Olympic athletes in mind to a pastoral property in Lafayette.
The Future Olympian’s Headquarters
6302 Charrington Dr., Cherry Hills Village ($5 million)
Fit for an Olympian, this property boasts a climate-controlled 7,020-square-foot sports arena. Currently, the complex houses a sand volleyball court, half-size basketball court, and a pickleball court, although it can adapt to its owners’ sports of choice. Relax and rejuvenate around a stately outdoor fire pit, in the indoor lap pool, or in the family room, which includes a stone wet bar that’s perfect for shaking up a post-training mocktail. The 6,865-square-foot house boasts a chic kitchen with a dramatic stove range and side-by-side ovens. Built in 2016, the property is minutes away from Denver Tech Center teeming with shops, restaurants, and beloved bars like Comedy Works. Listed by Shelby Schulz with RE/MAX of Cherry Creek Inc
The Boulder Beach House
5277 Westridge Dr., Boulder ($3.125 million)
Ideal for mountain lovers and anglers, this house in Boulder’s quiet Waterstone neighborhood grants its owners access to Boulder’s private Sixmile Reservoir. Built in 1995, the 5,138-square-foot house is surrounded by a 1.3-acre lot and private trails. Inside, oversize windows boast sweeping views of the Flatirons. Cathedral ceilings and gas fireplaces add to the house’s refined appeal. A finished walk-out basement provides ample space for gathering, hobbies, or crafts with built-in desks. The abode requires a mere 10-minute drive to get to the hustle and bustle of downtown Boulder. Listed by Daphne Queen of 8z Real Estate
The Lafayette Homestead
752 Applewood Dr., Lafayette ($1.15 million)
With a fenced-in garden and chicken coop, this three-bedroom house on a level 1.13-acre plot caters to the modern homesteader. The spacious kitchen includes a honeycomb backsplash, extra tall ceilings, and a five-seat island. A laundry room juts off the kitchen and includes an additional sink—the perfect spot for washing fresh hen’s eggs. Built in 1967, the home offers a blend of modern upgrades with nostalgic accents, including a vintage freestanding fireplace in the living room. Downstairs, a finished basement offers plenty of flex space for hobbies or home fitness. Unwind around the backyard fire pit or drive eight minutes to Old Town Lafayette. Listed by Dunbar Hardy of Porchlight Real Estate Group
The Hillside House
2206 Alpine Dr., Boulder ($6.25 million)
Built into a hillside in North Boulder, this brand-new five-bedroom house will be ready to welcome its first owners in September. A clever design maximizes the site with a three-level layout while maintaining an ultra-modern, private street-facing front. An elevator, a 60-inch fireplace, and a heated pool are just a few of the amenities of this 4,428-square-foot house promising a tranquil lifestyle while also lending itself to lavish entertaining. The house is a mile and a half from both world-class hiking trails and 28th Street shopping. Listed by Zach Zeldner of Compass