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Thursday, November 28, 2024

What happened to the median home price in Cherry Hills Village during July 2021?

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The median sale price of a home sold in July 2021 in Cherry Hills Village fell by $127,250 while total sales decreased by 77.8%, according to BlockShopper.com.

In July 2021, there were four homes sold, with a median sale price of $1,971,500 - a 6.1% decrease over the $2,098,750 median sale price for the same period of the previous year. There were 18 homes sold in Cherry Hills Village in July 2020.

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 July 2021.

The following table compares Cherry Hills Village to other Arapahoe County cities with similar median sale prices in July 2021:

CityJuly 2021 Home SalesJuly 2020 Home Sales% change (Total Home Sales)July 2021 Median Sales PriceJuly 2020 Median Sales Price% change (Median Sales Price)
Greenwood Village541-87.8%$2,440,000$1,480,00064.9%
Cherry Hills Village418-77.8%$1,971,500$2,098,750-6.1%
Columbine Valley15-80%$1,518,000$1,695,000-10.4%
Cherry Creek823-65.2%$856,000$730,00017.3%
Holly Hills220%$698,500$607,50015%
Centennial105212-50.5%$635,000$452,50040.3%
Columbine36-50%$625,000$505,00023.8%
Spring Creek Meadows42100%$567,500$317,50078.7%
Littleton2895-70.5%$547,450$489,50011.8%
Englewood871-88.7%$533,375$450,00018.5%
Aurora376688-45.3%$441,500$355,00024.4%

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