{"id":117069,"date":"2023-08-27T00:52:10","date_gmt":"2023-08-27T00:52:10","guid":{"rendered":"https:\/\/blogcamlodipine.com\/?p=117069"},"modified":"2023-08-27T00:52:10","modified_gmt":"2023-08-27T00:52:10","slug":"cherry-hills-denvers-most-affluent-suburb-draws-high-profile-buyers","status":"publish","type":"post","link":"https:\/\/blogcamlodipine.com\/world-news\/cherry-hills-denvers-most-affluent-suburb-draws-high-profile-buyers\/","title":{"rendered":"Cherry Hills: Denvers most affluent suburb draws high-profile buyers"},"content":{"rendered":"

Cherry Hills Village, a wealthy metro suburb known for its large lot sizes and luxurious homes, provides security and privacy plus quick access to downtown Denver, Cherry Creek, and the Denver Tech Center.<\/p>\n

It’s also home to some of Denver’s best-known celebrities, including John Elway, Nuggets center Nikola Jokic, and Rockies third baseman Kris Bryant. Broncos quarterback Russell Wilson and his wife, R&B singer Ciara, set a metro record when they spent $25 million to purchase their Cherry Hills mansion.<\/p>\n

“It is the Beverly Hills of the Denver metro area,” says Delroy Gill, a realtor with LIV Sotheby’s International Realty who was named the top Individual Broker on the National Association of Real Estate Brokers (NAREB) Top 100.<\/p>\n

Cherry Hills Village was designed and built to focus on luxury homes and keep commercial development out. Consequently, the community has the highest wealth concentration in the Denver metro.<\/p>\n

Patti Helm with Helm Weaver Helm lived in Cherry Hills Village while she raised her four kids.<\/p>\n

Helm says that security, privacy, high-quality schools, bigger lots, and luxury custom homes appeal to Cherry Hills homebuyers.<\/p>\n

“It’s a very serene and peaceful setting,” she says. “It’s more than just a neighborhood. It’s the kind of place where when you go out for a walk at night, your neighbors invite you in for a glass of wine.”<\/p>\n

What’s available?<\/h2>\n

Cherry Hills Village homes are large and carry hefty price tags. The average size is 7,000 square feet, and the median price is $3.25 million.<\/p>\n

But even at those prices, most homes sell quickly. In the past year, Cherry Hills Village homes stayed on the market for an average of 40 days.<\/p>\n

“It’s an extremely aggressive luxury market,” Gill says. “If the homes are fully remodeled, new construction or have had a modern renovation, they still get multiple offers.”<\/p>\n

Who’s moving in?<\/strong><\/h2>\n

Cherry Hills Village appeals to move-up buyers in the Denver metro and high-dollar buyers moving in from out of state, chiefly from New York, California, or Texas.<\/p>\n

“There’s a lot of new money in Cherry Hills,” Gill says.<\/p>\n

Helm says she sees buyers upgrading to Cherry Hills Village from Denver’s Washington Park or Bonnie Brae neighborhoods.<\/p>\n

“It’s people upgrading to the next level for their home,” she says. “There’s an ‘Aha, I’ve made it feeling.’”<\/p>\n

Cherry Hills Village’s high-quality schools attract families and increasingly younger buyers.<\/p>\n

“In my last three transactions, the buyers were mid-40s or below. I had two in the mid-30s,” Gill says.<\/p>\n

Younger buyers focus on health and wellness and want saunas, steam rooms, and cold plunge tubs. So, older, traditional homes are getting facelifts before they hit the market.<\/p>\n

Buyers also want outdoor amenities, including swimming pools and tennis courts. Increasingly, they also want pickleball courts, Gill says, and are either adding those courts or converting existing tennis courts.<\/p>\n

Helm says she also sees buyers drawn by the country club or equestrian lifestyle.<\/p>\n

Despite its high profile, Cherry Hills Village remains a hidden oasis.<\/p>\n

“Most people have driven past and don’t know it exists. It’s tucked away behind trees, so it’s hidden in plain sight,” Gill says. “But it’s there and it’s thriving.”<\/p>\n

The news and editorial staffs of The Denver Post had no role in this post\u2019s preparation.<\/em><\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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