First Integrity Title Market Report
Cherry Hills Village, CO
Single-Family Homes
www.FirstIntegrityTitle.com | 303.837.9171
Cherry Hills Village, CO
Mon Apr 22 2019
This week the median list price for Cherry Hills Village, CO is $2,876,000 with the market action index hovering around 30. This is an increase over last month's market action index of 28. Inventory has held steady at or around 37.
Market Action Index
The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.
| Today |
| Last Month |
Slight Seller's Advantage
While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.
Real-Time Market Profile
| Median List Price | $2,876,000 | |
| Per Square Foot | $375 | |
| Days on Market | 175 | |
| Price Decreased | 35% | |
| Price Increased | 0% | |
| Relisted | 11% | |
| Inventory | 37 | |
| Median House Rent | $1,900 | |
| Most Expensive | $22,000,000 | |
| Least Expensive | $1,200,000 | |
| Market Action Index Slight Seller's Advantage | 30 |
The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $5,995,000 | 15,780 | 2.5 - 5 acres | 5 | 8 | 17 | 0 | 0 | 208 |
| $3,000,000 | 8,467 | 1 - 2.5 acres | 5 | 7 | 20 | 0 | 1 | 217 |
| $2,685,000 | 8,489 | 1 - 2.5 acres | 6 | 6 | 37 | 1 | 0 | 59 |
| $1,885,000 | 6,392 | 0.5 - 1 acre | 5 | 4 | 26 | 2 | 2 | 212 |