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Sunday, November 17, 2024

What happened to the median home price in Cherry Creek during February 2021?

Realestate077

The median sale price of a home sold in February 2021 in Cherry Creek rose by $75,500 while total sales decreased by 56.3%, according to BlockShopper.com.

In February 2021, there were seven homes sold, with a median sale price of $618,000 - a 13.9% increase over the $542,500 median sale price for the same period of the previous year. There were 16 homes sold in Cherry Creek in February 2020.

The median sales tax in Cherry Creek for the most recent year with available data, 2018, was $3,687, approximately 0.6% of the median home sale price for February 2021.

The following table compares Cherry Creek to other Arapahoe County cities with similar median sale prices in February 2021:

CityFeb. 2021 Home SalesFeb. 2020 Home Sales% change (Total Home Sales)Feb. 2021 Median Sales PriceFeb. 2020 Median Sales Price% change (Median Sales Price)
Columbine Valley110%$1,465,000$530,000176.4%
Greenwood Village16977.8%$867,828$383,000126.6%
Foxfield12-50%$740,000$925,000-20%
Watkins110%$730,000$485,00050.5%
Columbine24-50%$717,500$334,250114.7%
Cherry Creek716-56.3%$618,000$542,50013.9%
Holly Hills104150%$580,500$635,000-8.6%
Centennial1091080.9%$540,000$450,00020%
Inverness23-33.3%$532,500$385,00038.3%
Strasburg110%$530,000$528,0000.4%
Spring Creek Meadows24-50%$517,000$465,00011.2%

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