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The Greenwood Village housing market remains somewhat competitive, with the median sale price reaching $1.6M last month, reflecting a significant 49.8% increase compared to the previous year. Additionally, the median sale price per square foot rose to $372, marking a 25.7% year-over-year increase. These trends highlight the area's growing demand and the premium buyers are willing to pay for properties in this desirable community.
In December 2024, the median home price in Greenwood Village surged to $1.6 million, reflecting a substantial 49.8% increase compared to the same period last year. However, the market has cooled slightly in terms of activity and speed, with homes taking an average of 67 days to sell, up from 37 days in December 2023. Additionally, the number of homes sold dropped from 15 last year to just 12 this year. This combination of rising prices and slower sales pace suggests a shifting market dynamic, possibly influenced by reduced inventory, higher buyer competition for premium properties, or broader economic factors impacting affordability and demand.
Greenwood Village maintains a somewhat competitive real estate market, with homes typically selling in about 43 days. While the average home sells for approximately 3% below the list price and goes pending in 43 days, highly desirable "hot" properties can sell for around the list price and go pending in as little as 8 days. This indicates a mixed market where standard homes take longer to sell, but well-priced or particularly attractive homes can still generate swift interest and multiple offers.
In December 2024, Greenwood Village, CO, was a seller's market, characterized by more buyers than available homes. This imbalance likely contributed to rising home prices and competitive conditions, particularly for sought-after properties, as buyers competed for limited inventory.
For detailed, up-to-date information on buying a house in Greenwood Village, including legal considerations and market trends, you can talk to us.
Greenwood Village offers a diverse range of properties, including single-family homes, luxury estates, townhouses, and condos. Many homes feature large lots with mature landscaping, and it's not uncommon to find properties with amenities such as pools, home offices, and outdoor entertainment spaces. The area also has homes in gated communities, offering added privacy and security, and some properties cater to equestrian enthusiasts.
Yes, Greenwood Village is part of the highly-rated Cherry Creek School District, known for its academic excellence and robust extracurricular programs. Top schools in the area include Greenwood Elementary, Campus Middle School, and Cherry Creek High School. Additionally, the community offers access to private schools and specialized learning institutions, ensuring a range of options for families.
Greenwood Village is home to an extensive network of parks and trails, including the Cherry Creek State Park, which offers outdoor activities such as hiking, biking, fishing, and boating. The area also has numerous neighborhood parks, open spaces, and recreation facilities. Residents can enjoy cultural attractions like art galleries and nearby theaters, as well as shopping and dining options at The Landmark and other local hubs.
Preparing your home for sale involves several steps to maximize its appeal. Start by decluttering and deep cleaning your home to create a fresh and inviting atmosphere. Focus on curb appeal by maintaining the landscaping and making small updates, such as painting the front door. Inside, consider staging to showcase your home’s best features. For luxury homes, emphasizing unique amenities like custom kitchens or outdoor spaces can be a key selling point.
Before buying a home in Greenwood Village, consider the following:
Pricing your home requires a balance of market research and professional insight. Work with a local real estate agent familiar with Greenwood Village to conduct a Comparative Market Analysis (CMA), which evaluates recent sales of similar homes in the area. Consider unique aspects of your property, such as location, square footage, and upgrades. In a seller's market, pricing slightly above market value might still attract competitive offers, but overpricing can deter buyers.
The process typically begins with selecting a trusted real estate agent who knows the Greenwood Village market. After preparing and listing your home, expect showings and open houses to attract buyers. In a competitive market, you may receive multiple offers, which your agent can help you evaluate. Once you accept an offer, the buyer will likely conduct inspections and appraisals. The final steps include negotiating contingencies, signing the contract, and closing the deal.
Have questions about the Greenwood Village housing market or interested in finding your dream home in this highly sought-after area? Our team is here to help! Contact us today for personalized assistance, expert insights, and access to exclusive property listings in Greenwood Village, CO. Let us guide you through every step of the home-buying process and make your move to this vibrant community seamless and stress-free. Reach out now to get started!
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Dive into our comprehensive Greenwood Village neighborhood guide and discover what makes this area so special. From luxurious homes and top-rated schools to vibrant community amenities, learn everything you need to know about living in Greenwood Village, CO. Start browsing now and uncover why this sought-after neighborhood could be the perfect place for you to call home.