Metro Denver's luxury home market fresh off another strong year

The average price of a home in the metro Denver luxury home-buying market, or homes priced at $1 million or more, rose only marginally from 2015 to 2016, but the number of homes sold in that price range increased by 18 percent, according to data from the Denver Metro Association of Realtors. On average, the price of a luxury home in the area rose from $1.51 million in 2015 to $1.52 million in 2016, an increase of 0.9 percent. But increasing prices in the market as a whole shifted more homes into…

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