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Sunday, November 17, 2024

Falling home prices in Greenwood Village in the first half of 2020

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The median sale price of a home sold in the first half of 2020 in Greenwood Village fell by $77,214 while total sales decreased by 25.4%, according to BlockShopper.com.

From January through June of 2020, there were 91 homes sold, with a median sale price of $809,700 - a 8.7% decrease over the $886,914 median sale price for the same period of the previous year. There were 122 homes sold in Greenwood Village in the first half of 2019.

The median sales tax in Greenwood Village for the most recent year with available data, 2018, was $5,061, approximately 0.6% of the median home sale price for the first half of 2020.

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

CityJan. - June 2020 Home SalesJan. - June 2019 Home Sales% change (Total Home Sales)Jan. - June 2020 Median Sales PriceJan. - June 2019 Median Sales Price% change (Median Sales Price)
Cherry Hills Village4655-16.4%$1,995,000$1,800,00010.8%
Bow Mar24-50%$1,360,460.50$1,901,250-28.4%
Columbine Valley911-18.2%$1,050,000$1,150,000-8.7%
Greenwood Village91122-25.4%$809,700$886,914-8.7%
Foxfield440%$770,000$955,000-19.4%
Columbine1921-9.5%$625,000$785,000-20.4%
Cherry Creek92111-17.1%$612,500$580,0005.6%
Bennett610-40%$558,500$520,0007.4%
Strasburg10911.1%$535,200$490,0009.2%
Watkins330%$522,000$625,000-16.5%
Holly Hills1930-36.7%$520,000$506,2502.7%

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