The bifurcation in the Cherry Hills Village Residential Market over the last year is DRAMATIC! The number of transactions up by 20%. This is dramatic for a market with “double comma” average prices. On the other hand, the average price has dropped 20%. Once again, the top end of Denver’s Residential market still needs some more healing, but with this type of transaction growth, the prospects for a healthy market are at least on the horizon for this Top Tear Community.
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