Helping you paint the picture and make sense of your local real estate market trends:
Cherry Creek North experienced an increase in value capital appreciation, and an increase in the volume of sales in 2015. However, homes did stay on the market for a longer period of time when compared to the same period in 2014.
There could be several factors that contribute to that slower turnover, but accurate sales price valuations is usually the reason homes lag a bit in a robust market. Take a quick look at this short video that provides a good explanation of Cherry Creek North home sales during 2016: (Please Click on Image Below for Market Update Video)