Cherry Hills Village CO Real Estate
Market Report Jan 09
In January 2009 only two homes sold in Cherry Hills Village, both of the homes sold were in Southmoor Vista neighborhood. One of the houses was a bank owned property. Three houses are currently under contract pending sale.
2 Houses sold in January
#1*
#2*
Original Price
$885,000
$549,900
Net Sold Price
$775,000
$515,000
Days on Market
139
98/514
Price per square foot
$219
$200
Here is a graph showing the number of homes sold per month for the last two years. The total number of houses sold per year has been declining each year.
2006 - 110 houses sold
2007 - 94 houses sold
2008 - 84 houses sold
The average price per square foot as been lower every month for the past 13 months except on August 2008. The price per square foot saw a large decline in January 09 from a year ago ($424/sf) and a month ago ($356/sf).
Currently there are 120 houses for sale in Cherry Hills Village. Listing prices range from $675,000 to $17,900,000. Price per square foot varies from $181/sf (bank owned property) to $1623/sf. 85% of the homes have been on the market for more than 100 days. 58% have been on the market for over 200 days. Five new listings came on the market in January.
Selling a luxury home in today's market requires extreme amount of smart marketing and hard work. But it can be done. When interviewing agents to sell your house, check how they market your house. To LIST a house, a sign can be put in the yard and the house can be entered into the MLS. The SELL it much more is needed.
Here is a sample of the marketing we do to get your house SOLD.
If you have questions about information provided here or would like to receive a Market Report specific to your neighborhood, please let us know, we'd be happy to help.
Here are the homes currently for sale in Cherry Hills Village.
To view any of the available homes, contact us to schedule an appointment for a private showing.
Recent Cherry Hills Village Market Reports
Cherry Hills Village Market Report Dec 08
Cherry Hills Village Market Report Nov 08
Cherry Hills Village Market Report Oct 08
Cherry Hills Village Market Report Sept 08
Denver Luxury Homes
Denver Luxury Foreclosures
Homes for sale in Cherry Hills Village
Homes for sale in Greenwood Village
Homes for sale in Lone Tree
Brian and Rita Burke
Kenna and Co. Denver Luxury Homes and Real Estate
303.955.4220 Office
303.710.2609 Brian Direct
Brian@kennarealestate.com
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*Disclaimer: Data based on information from Metrolist, Inc. for period of 1/1/2006 through 2/5/2009. Metrolist Inc. does not guarantee nor is any way responsible for its accuracy. Content maintained by Metrolist Inc. may not reflect all real estate activity in the market. Information is deemed reliable but not guaranteed.
Disclaimer: Kenna and Co. Blog does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.
Copyright 2009.© Kenna and Co. Rita Burke. Denver Luxury Real Estate. All Rights Reserved. Feb 5th 2009. "Cherry Hills Village Real Estate - Market Report Jan 09".
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