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Centennial State News

Thursday, October 17, 2024

Falling home prices in Cherry Hills Village in 2019

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The median sale price of a home sold in 2019 in Cherry Hills Village fell by $35,000 while total sales decreased by 9.8%, according to BlockShopper.com.

From January through December of 2019, there were 111 homes sold, with a median sale price of $1,800,000 - a 1.9% decrease over the $1,835,000 median sale price for the previous year. There were 123 homes sold in Cherry Hills Village in 2018.

The median sales tax in Cherry Hills Village for the most recent year with available data, 2018, was $11,112, approximately 0.6% of the median home sale price for 2019.

The following table compares Cherry Hills Village 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)
Cherry Hills Village111123-9.8%$1,800,000$1,835,000-1.9%
Bow Mar610-40%$1,574,250$1,475,0006.7%
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%

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