Rising home prices in Cherry Creek in August 2021

Medium realestate5

The median sale price of a home sold in August 2021 in Cherry Creek rose by $119,550 while total sales decreased by 56.3%, according to BlockShopper.com.

In August 2021, there were seven homes sold, with a median sale price of $790,000 - a 17.8% increase over the $670,450 median sale price for the same period of the previous year. There were 16 homes sold in Cherry Creek in August 2020.

The median sales tax in Cherry Creek for the most recent year with available data, 2018, was $3,687, approximately 0.5% of the median home sale price for August 2021.

The following table compares Cherry Creek to other Arapahoe County cities with similar median sale prices in August 2021:

CityAug. 2021 Home SalesAug. 2020 Home Sales% change (Total Home Sales)Aug. 2021 Median Sales PriceAug. 2020 Median Sales Price% change (Median Sales Price)
Cherry Hills Village113-92.3%$1,790,560$2,818,800-36.5%
Columbine Valley24-50%$1,620,000$947,50071%
Greenwood Village832-75%$880,250$1,344,715-34.5%
Cherry Creek716-56.3%$790,000$670,45017.8%
Holly Hills11757.1%$578,500$515,00012.3%
Spring Creek Meadows220%$565,000$465,00021.5%

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