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Saturday, November 23, 2024

November 2020: Cherry Hills Village experienced a 24.7% increase in median home prices

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The median sale price of a home sold in November 2020 in Cherry Hills Village rose by $395,000 while total sales decreased by 54.5%, according to BlockShopper.com.

In November 2020, there were five homes sold, with a median sale price of $1,995,000 - a 24.7% increase over the $1,600,000 median sale price for the same period of the previous year. There were 11 homes sold in Cherry Hills Village in November 2019.

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 November 2020.

The following table compares Cherry Hills Village to other Arapahoe County cities with similar median sale prices in November 2020:

CityNov. 2020 Home SalesNov. 2019 Home Sales% change (Total Home Sales)Nov. 2020 Median Sales PriceNov. 2019 Median Sales Price% change (Median Sales Price)
Cherry Hills Village511-54.5%$1,995,000$1,600,00024.7%
Columbine Valley42100%$1,087,500$1,107,500-1.8%
Greenwood Village252119%$1,045,000$985,0006.1%
Foxfield10-$777,600$0-
Holly Hills440%$706,875$528,50033.8%
Inverness20-$657,450$0-
Watkins110%$622,500$700,000-11.1%
Cherry Creek201442.9%$586,500$592,450-1%
Centennial16014311.9%$499,115$446,00011.9%
Spring Creek Meadows12-50%$471,000$405,60016.1%
Littleton695525.5%$455,000$425,0007.1%

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