January 2016 Market Update for Cherry Hills Village

Maritt Bird Front Q4

December 2015 in Cherry Hills Village closed out strong with 12 Closings and median price of $1,550,000. Beautiful 19 Sunset was a pocket listing (not publicly marketed) that closed in December at $5,960,000, directly impacting the closed averages for the month. On a fun note, 2950 Cherryridge Road in the Cherryridge neighborhood was featured in Colorado Homes & Lifestyles “The BIG Redsign” January/February 2016 and closed this past December as well. The kitchen and dining room photo is featured on the cover.

Even though six homes were withdrawn from the CHV market, inventory still slightly increased from last month to 46 active listings. One of the homes to hit the market is the former home of Major League Baseball’s Troy “Tulo” Tulowitzki with an asking price of $5,890,000. With 7 bedroom, 10 bathrooms, and 13,698 custom finished square feet, this home is impressive to say the least.
The average days on market for homes sold almost doubled from November to 92 days. A factor that could have directly affected this number are the new lender TRID Mortgage Guidelines.
Homes in CHV continued to close over 90% of the Sold/List Price for the month and 2016 is predicted to be just as strong.
*Not all properties were listed and/or sold by 8z Real Estate. This data is based on content supplied by REcolorado, IRES, PPAR, and/or MLSListings. Content is deemed reliable but not guaranteed. Content may not reflect all real estate activity in the market.

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