The unique market conditions in the Cherry Hills Village Residential Market continue to be worth our attention!
The number of transactions is up by over 27%. This is dramatic for a market with “double comma” average prices.
On the other hand, the average price has dropped 17%. Both of these statistics is an improvement over reports from just two months ago.
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 Cherry Hills Village. Maybe the future is at the end of the rainbow?