OksanaWhitsitt.com > Cherry Hills

I've lived in Cherry Hills for almost 10 years and follow sales trends very closely. Since I work with both buyers and sellers, I've seen a lot of homes in our neighborhood and can tell you what is selling for a premium vs what is selling at a discount. Hopefully this page will give you some insight into what our homes are selling for these days.

We compete with several nearby neighborhoods when listing our homes, and I'm working on similar analysis for those neighborhoods. If you're interested in learning more about what your home is worth or what similar homes are selling for in the Meadows, Ironwood, or other subdivisions give me a call or fill our the contact form on my website.

Cherry Hills sales data 3Q2016

	Address	Listing Price	Selling Price	#Days on Mkt	Age	Basement Sqft	Total Sqft*	$/Sq Ft
2705	CHERRY HILLS DR	229900	225000	88	26	582	1722	131	B
3108	CHERRY HILLS DR	269000	264000	68	20	994	2666	99
3516	CYPRESS CREEK	268000	205000	93	14	1208	2448	84	A
2904	WYNSTONE DR	320000	312000	21	15	865	3261	96
2908	WEDGEWOOD DR	289900	277500	52	27	1095	2851	97
3413	WATERVILLE CT	279413	275000	7	13	1158	2307	119
2608	APPLEWOOD RD	199900	180000	7	28	0	1856	97
3301	WEEPING CHERRY DR	275000	264550	43	12	1769	2314	114
2707	WOODRIDGE RD	250000	247000	9	23	1332	2361	105
2605	WORTHINGTON DRIVE	229900	227500	9	24	0	2154	106
2703	LAKEVIEW	362000	362000	0	26	1994	1994	182	B
2614	WEDGEWOOD	279900	279900	3	21	1320	2332	120
2813	CHERRY HILLS DR	259500	251000	3	25	0	3417	73
3515	CYPRESS CREEK	259900	256900	36	15	1119	2301	112

A - This property was a short sale, which accounts for the low price and steep discount.
B - These were ranch homes with finished basements, which accounts for the increased price per sq ft.

* - MLS excludes basement sq ft from the calculation of total sq ft.

Information deemed reliable but not guaranteed

Cherry Hills sales data 1/1/2016 to 6/30/2016

Some observations about sales in the first half of 2016

Selling price is within approx 3% of listing price (you must price your home right!)
The average days on market was 33. This is probably NOT because of a shortage of inventory.
Only 20% of the homes sold for over $300k
The average selling price was $256k

If you look at the facts behind these numbers, one thing is very clear. The homes that sold the fasted were priced well and the homes that took the longest to sell had to go through several price reductions. For instance, the fastest selling home (2501 Applewood) sold for the original list price with no reductions. The slowest selling home (2815 Cherry Hills) had several price reductions and ultimately lowered their price by 15% to get to their final sales price. There is a common saying in sales ... "It's worth what someone is willing to pay for it." This is one reason you really need a realtor to help you sell your home. Our homes are special to us, and it's difficult for us to look at our own home valuations without bias.

	Address	Listing Price	Selling Price	#Days on Market	Age	Basement Sqft	Total Sqft*
3114	CHERRY HILLS DR	287900	276000	84	18	0	3607
2815	CHERRY HILLS DR	250000	227000	114	25	835	2396
3504	CYPRESS CREEK RD	324900	311000	46	17	0	3400
2501	APPLEWOOD RD	210000	210000	2	29	0	2006
2401	LAKEWOOD DR	225000	211000	21	28	0	2458
2509	CRIMSON	385000	378000	13	13	1764	2866
2409	CHERRY HILLS DR	239900	239000	11	28	0	2696
2506	CHERRY HILLS DR	229900	224000	13	23	0	2421
3115	CHERRY HILLS DR	244900	239000	6	18	0	2463
2706	BAYHILL DRIVE	249900	245000	15	18	0	2482

* - Total sq ft excludes basement

Information deemed reliable but not guaranteed

Cherry Hills sales data for 2015

Some observations about 2015 sales ...

Homes sold within 3% of their listing price
The average days of market was 78 (but there is quite a spread)
Only 28% of the homes sold for over $300k
The average selling price was $267k

	Address	Price Listing	Price Selling	#Days on Market	Age	Basement Sqft	Total Sqft*
3000	WEEPING CHERRY DR	$ 389,900	$ 377,000	290	14	1671	3141
2704	WILLOW BEND RD	$ 359,000	$ 346,500	35	21	1761	3305
3213	CHERRY HILLS DRIVE	$ 359,750	$ 340,000	80	17	1189	3295
3306	WYNSTONE DR	$ 349,900	$ 340,000	6	11	1320	2674
3203	CHERRY HILLS	$ 355,000	$ 337,500	102	14	1786	3791
3506	CYPRESS CREEK RD	$ 347,000	$ 332,500	14	17	0	3932
2503	PINEHURST DRIVE	$ 334,500	$ 326,500	111	14	1571	2829
2903	WYNSTONE DR	$ 339,900	$ 325,400	223	12	1665	3098
3402	WEEPING CHERRY CT.	$ 325,000	$ 312,000	11	12	1360	2517
2516	HALLBECK	$ 305,000	$ 298,000	2	14	1144	2501
3213	WEEPING CHERRY DRIVE	$ 299,900	$ 293,000	56	12	1212	2459
2702	CHERRY HILLS DR	$ 305,000	$ 285,000	34	22	0	3034
3218	CHERRY HILLS DR	$ 296,999	$ 284,800	221	14	1347	2626
2805	CHERRY HILLS	$ 269,900	$ 267,500	6	24	0	2720
3211	CYPRESS CREEK RD	$ 269,000	$ 265,000	3	16	1255	2541
3105	CHERRY HILLS DR	$ 264,900	$ 259,900	12	20	0	2534
2813	WOODHAVEN DR	$ 258,500	$ 256,500	39	23	0	2858
2518	CRYSTAL TREE DRIVE	$ 259,000	$ 255,000	121	11	1179	2309
2412	WATERVILLE DR	$ 256,000	$ 249,000	48	13	1093	2267
2908	TIMBERGATE RD	$ 249,000	$ 245,000	65	21	1107	2311
2603	COVE CREEK PLACE	$ 249,900	$ 240,000	250	20	1050	2312
2804	WOODRIDGE ROAD	$ 239,900	$ 237,500	25	22	0	3113
2504	COPPERTREE RD	$ 235,000	$ 225,000	0	28	0	2526
2505	CRYSTAL TREE DR	$ 229,000	$ 225,000	15	13	0	2034
3404	WEEPING CHERRY CT	$ 227,500	$ 221,000	39	11	0	1999
2505	CRYSTAL TREE DR	$ 214,500	$ 214,500	5	13	0	2034
2414	CHERRY HILLS DR	$ 214,999	$ 209,900	274	27	1073	2585
2803	WOODHAVEN DR	$ 214,900	$ 206,000	57	25	0	2051
2404	CHERRY HILLS DR	$ 210,000	$ 205,000	189	27	0	2214
2707	CHERRY HILLS DRIVE	$ 199,000	$ 195,000	44	25	0	1976
2401	LAKEWOOD DR	$ 199,900	$ 194,495	4	27	0	2458
2504	WOODRIDGE RD	$ 199,900	$ 190,000	101	27	0	2125

* - Total sq ft excludes basement

Information deemed reliable but not guaranteed

Staging Your Home

When you select a realtor to help you get your home sold, wouldn't you like to have someone with an eye for design and appreciation for budget? I'm happy to provide you with a no obligation comparative market analysis and design tips that will help you get your home sold. Contact me today to get started!