Cherry Hills Village Real Estate Market - View Cherry Hills Village Real Estate Market Trends in Colorado

Winter 2012 Market Update If you can qualify, now is an exceptional time to buy a home in Cherry Hills Village. Low rates make a home purchase a great value! Buyers have increased due to the low interest rates making it a great time to sell! Call now for more information at 303-304-9900
Average Home Price	$2,600,000 - View Graph Trend

Average Price Compared to Last Year	Up 20-25%

Average Time on Market	30-60 days

Best Selling Price Range	$1,000,000+

Worst Selling Price Range	$1,000,000+

Prices As % of Asking Price	90-95%

Existing Home Prices for the past 90 days are?	Increasing

Market Trend	Decreasing

Buyers’ or Sellers’ Market	More buyers than sellers

Buyer Activity for the past 90 days in Cherry Hills Village is	Increasing

Seller Activity for the past 90 days in Cherry Hills Village is?	Decreasing

Multiple Offers?	Yes

Multiple Offers Commentary	Things have really picked up in the Cherry Hills Village area! It’s a great time to buy and sell. Homes are selling so fast that there is not enough inventory! Buyers have also become a little more specific on their wants and needs.

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?	0-5%

Is Financing Available For Qualified Buyers?	Yes

Comments on Financing For Qualified Buyers	Interest rates are at an all time low! Another reason to buy!

Housing Inventory	Very tight market

Inventory Comments	Homes are selling fast! Inventory is very limited in areas.

Greatest Activity	Repeat Buyers

Reason to Buy/Sell	Lower prices with good selection and competitive interest rates creates a perfect time to buy in Cherry Hills Village! Especially since Cherry Hills Village is such a desirable area!

Nearest Metro Area	Denver

Housing Hot Spots	Most cities within the Arapahoe County area are considered ’Housing Hotspots’

Average Sold Price	$2,600,000 - View Graph Trend

Cherry Hills Village Local News

News for Cherry Hills Village, CO - December 26th, 2011 1:12pm
Inventory is low which has caused prices to increase. It's a great time to think about selling and there are a lot of buyers out there, in all price ranges!

Contact Information

Kristen Malcolm

303-304-9900

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Mortgage Rates

– Feb 23rd, 2012 –
---------------------------------

30 yr. fixed rate: 3.90%
15 yr. fixed rate: 3.17%
30 yr. jumbo rate: 4.68%
15 yr. jumbo rate: 3.96%

Home Values

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Sluggish housing market in line for a better 2012, according to quarterly survey

The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.

The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.

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Cherry Hills Village Real Estate Market Trends – Colorado

Cherry Hills Village Real Estate Market Conditions and Trends