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Friday, October 18, 2024

How did home prices perform in Cherry Creek during the fourth quarter of 2019?

Realestate1

The median sale price of a home sold in the fourth quarter of 2019 in Cherry Creek rose by $22,500 while total sales decreased by 10.4%, according to BlockShopper.com.

From October through December of 2019, there were 43 homes sold, with a median sale price of $565,000 - a 4.1% increase over the $542,500 median sale price for the same period of the previous year. There were 48 homes sold in Cherry Creek in the fourth quarter of 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 the fourth quarter of 2019.

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

CityOct. - Dec. 2019 Home SalesOct. - Dec. 2018 Home Sales% change (Total Home Sales)Oct. - Dec. 2019 Median Sales PriceOct. - Dec. 2018 Median Sales Price% change (Median Sales Price)
Columbine Valley63100%$1,081,600$890,00021.5%
Greenwood Village695721.1%$952,244$935,0001.8%
Foxfield110%$825,000$595,00038.7%
Watkins330%$603,100$650,000-7.2%
Columbine13785.7%$579,000$325,00078.2%
Cherry Creek4348-10.4%$565,000$542,5004.1%
Bennett35-40%$500,000$509,000-1.8%
Inverness6450%$491,750$533,500-7.8%
Holly Hills191090%$485,000$534,500-9.3%
Strasburg411-63.6%$468,000$443,5005.5%
Centennial49243712.6%$444,450$410,0008.4%

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