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Sunday, November 24, 2024

Rising home prices in Inverness in the second half of 2020

Realestate1

The median sale price of a home sold in the second half of 2020 in Inverness rose by $66,000 while total sales decreased by 7.7%, according to BlockShopper.com.

From July through December of 2020, there were 12 homes sold, with a median sale price of $524,000 - a 14.4% increase over the $458,000 median sale price for the same period of the previous year. There were 13 homes sold in Inverness in the second half of 2019.

The median sales tax in Inverness for the most recent year with available data, 2018, was $3,233, approximately 0.6% of the median home sale price for the second half of 2020.

The following table compares Inverness to other Arapahoe County cities with similar median sale prices in the second half of 2020:

CityJuly - Dec. 2020 Home SalesJuly - Dec. 2019 Home Sales% change (Total Home Sales)July - Dec. 2020 Median Sales PriceJuly - Dec. 2019 Median Sales Price% change (Median Sales Price)
Foxfield56-16.7%$777,600$817,500-4.9%
Watkins47-42.9%$705,750$603,10017%
Cherry Creek113123-8.1%$632,000$522,50021%
Bennett121020%$567,500$500,00013.5%
Holly Hills2636-27.8%$546,194.78$477,50014.4%
Inverness1213-7.7%$524,000$458,00014.4%
Strasburg11110%$505,000$485,0004.1%
Centennial1,1351,0834.8%$483,500$447,5008%
Littleton44939214.5%$480,000$425,00012.9%
Englewood3443352.7%$444,000$408,0008.8%
Spring Creek Meadows1223-47.8%$420,000$415,5001.1%

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