Where Homes Sell for a Premium

Zillow released an intriguing report last week that Aldo Svaldi wrote about in The Denver Post on the percentage of homes that sell for a premium across the country and in metro Denver. Here is what they found-

• Nationally, in 2019 only 19.9% of homes sold above list price, a 3-year low.
• The average premium nationally was $5,000.
• In metro Denver 23.8% of our homes sold above list price in 2019, down from 34% in 2018 and our record high of 41% in 2015.
• The average premium in metro Denver last year was $6,100, down from $10,000 in 2018.
• "The lowest one-third of homes in metro Denver by price saw 31.2% of listings sell for a premium".
• For homes priced in the middle-third, 25.2% of them sold for a premium.
• While homes priced in the top-third saw only 18.3% of them sold for a premium.
• Castle Rock had the lowest share of homes selling for a premium at 16%.
• Broomfield, Centennial, and Parker were each around 20%.
• Westminster saw 29.3% of their homes sell for a premium, the highest percentage in metro Denver.
• Other cities with high percentages included Lakewood, Thornton and Aurora.