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Centennial State News

Thursday, October 17, 2024

Cherry Creek home prices fell in 2019

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The median sale price of a home sold in 2019 in Cherry Creek fell by $30,000 while total sales increased by 16.4%, according to BlockShopper.com.

From January through December of 2019, there were 234 homes sold, with a median sale price of $560,000 - a 5.1% decrease over the $590,000 median sale price for the previous year. There were 201 homes sold in Cherry Creek in 2018.

The median sales tax in Cherry Creek for the most recent year with available data, 2018, was $3,687, approximately 0.7% of the median home sale price for 2019.

The following table compares Cherry Creek to other Arapahoe County cities with similar median sale prices in 2019:

CityJan. - Dec. 2019 Home SalesJan. - Dec. 2018 Home Sales% change (Total Home Sales)Jan. - Dec. 2019 Median Sales PriceJan. - Dec. 2018 Median Sales Price% change (Median Sales Price)
Columbine Valley2026-23.1%$1,125,000$1,110,0001.4%
Greenwood Village264266-0.8%$910,000$935,000-2.7%
Foxfield10911.1%$877,500$679,50029.1%
Columbine474017.5%$620,000$330,00087.9%
Watkins10100%$617,500$590,0004.7%
Cherry Creek23420116.4%$560,000$590,000-5.1%
Bennett201625%$510,000$450,75013.1%
Holly Hills665617.9%$491,250$522,437.50-6%
Inverness262218.2%$487,500$492,000-0.9%
Strasburg2025-20%$487,500$450,0008.3%
Centennial2,0541,9465.5%$445,000$424,7254.8%

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