Homes Sold: 125
Average Days on Market: 135
Median Days on Market: 74
Most Expensive: $7,500,000
Least Expensive: $575,000
Months of Inventory: 5
|Original Price||Final Price||Sold Price||Net Sold|
|Avg Price / SqFt w/o Basement||$386||$363||$341||$341|
|Avg Price / Fin SqFt w/ Basement||$290||$272||$256||$256|
Cherry Hills - Renowned for its rural atmosphere, luxurious homes, and quality of life, Cherry Hills Village is one of Denver’s most affluent neighborhoods, and is home to a plethora of highly ranked public as well as private schools (see DenverSchoolsandHomes.com)including St. Mary’s Academy and Kent Denver School.
Resident golfers enjoy the stunning links of the Cherry Hills and Glenmoor country clubs. Distinct neighborhoods within the community include Cherry Hills North, a friendly neighborhood of only 148 homes on one-third to half acre sites; Old Country Club, with homes built by the first village residents; Cherry Hills Farms, with one-acre sites and magnificent homes; Glenmoor, which attracts buyers to its elegant golf setting; Charlou, appealing to new custom home buyers; Covington, an elegant neighborhood of only 42 homes; Cherry Hills Park, with splendid estates, many with European style gardens and water fountains, overlooking Cherry Hills Golf Course; Sunset Drive, whose magnificent estates could grace the covers of architectural design magazines; and the newer Buell Mansion, an exclusive, prestigious neighborhood on a private reserve with 110 stunning custom estates on one-half to 21/2-acre sites, at the center of which is the historic Buell Mansion, which now serves as a center for residents to enjoy.
Cherry Hills Neighborhood Highlights:
- Fiddler’s Green Amphitheater – An all around great place to catch a concert
Work is also under way on the Kent Place property, Denver real estate’s latest addition, as crews continue clearing and grading the site, constructing retaining walls and installing underground utilities.
Kent Place is the proposed development of the former Denver Seminary site that covers 11.4 acres of land at University and Hampden. The original proposal put forward by developer Continuum Partners was to build 270 to 300 luxury residential condominium units along with about 52,000 square feet of retail and office space.
However, the economy brought about changes to the Denver Real Estate market. The current plan calls for construction of a retail development on half the site and will include a new concept King Soopers specialty grocery and food store as the major tenant. The elevations, along with color and material samples for building that will house the grocery store received Denver city approval.