Cherry Hills Village Home Sales and Values
Cherry Hills Village home sales picked up in October, after a dip in September sales. Four of the houses sold for over one million dollars. One of the sold houses was a bank owned property amd it sold for 64.4% of the original listing price. The total number of homes on the market is dropping, which is typical. During the winter months, which many consider the slow season, many sellers decide pull their homes of the market and maybe re-list in the spring.
2009 Cherry Hills home sales are about 65% of what they were in 2008. Average sold price is down about $100,000 and average days on the market has seen a large increase from 2008. Average days on the market in 2008 (yr-to-date) - 132, in 2009 - 249 days on market.
Cherry Hills Village Home Sales
| Aug | Sept | Oct | |
| Closed Sales | 10 | 4 | 7 |
| Average Sales Price | $1,600,625 | $2,375,000 | $1,095,714 |
| Median Sales Price | $1,448,250 | $1,075,000 | $1,125,000 |
| % of Original List Price | 83.7% | 87.9% | 81.2% |
| Average Days on Market | 206 | 250 | 93 |
| Average Price /sq ft | $356 | $411 | $254 |
| Number of Active Listings | 148 | 133 | 113 |
| New Listings | 21 | 6 | 1 |
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This Cherry Hills Village Market Report is brought to you by Rita Burke, Kenna Real Estate. The report is for detached residential single family homes only and
may not include all sales activity in the area. Figures for sold prices
used are NET sold price, price after seller concessions or down payment
assistance, if they were offered. This report or any part of it may
not be used without permission from Rita Burke.
Copyright 2009.© Kenna Real Estate. Rita Burke. All Rights Reserved.
Cherry Hills Village CO Home Sales
