With additional new construction inventory coming to the market in the $500,000 to $999,000 range, the west shore saw a jump in unit sell-through in the mid-market luxury segment, as 82 homes sold in the second quarter vs. 56 last year during the same period. The $1 million-plus range also showed strength, with 17 homes closing vs. 14 last year, a 22% increase. With 58 active listings and 56 homes pending, inventory conditions showed roughly 40-45 days of sell-through. The quarter also ended with Ivester Jackson recording a pending contract on the water over $5 million in list price in Denver, set to close in Q3.
