Everyone, at least in the Denver area, has heard of Cherry Creek. What many don’t know is that it has three distinct areas — North, South and East — each with different characteristics, attractions and real estate strengths.

As a real estate agent focusing on the Cherry Creek area, I find myself explaining its nuances a lot, so I decided to put together a blog series on my core farm to give area buyers and sellers, and others interested in Cherry Creek, an insider’s perspective of this dynamic neighborhood.

I start with Cherry Creek North in this post. Stay tuned for posts on Cherry Creek East and Cherry Creek South in the following weeks. I’ll also be sharing my insights on other related neighborhoods in my farm in future posts.

Want to put yourself in the best position to land a Cherry Creek North home, let’s talk. Reach out to me at kharris@livsothebysrealty.com or 720.877.1538

Overview

With the Cherry Creek commercial center at its heart, Cherry Creek North is the tony sibling of the three Cherry Creeks. It is exclusive, luxurious, walkable and, dare I say, “classy.” Bound by Cherry Creek (which gives the area its name) to the south, 6th Avenue to the north and University Boulevard and Colorado Boulevard to west and east, it has the price points to match.

Homes, most of which share walls as townhomes or row homes, go for from $1 to $2 million, with average prices hovering just above $1 million. New construction homes sell in the upper range and the price per square foot goes up the closer you get to the commercial center. And what’s more, a third of homes go for all-cash!

People want to live here for its amazing walkability with world-class amenities, and boutiques, in the Cherry Creek commercial area that offers a wonderful day whenever you want it — coffee at a local cafe, shopping at one-of-a-kind boutiques, exercise at a barre class, happy hour and dinner at great bars and restaurants and, soon, a great spin at SoulCycle.

Zoning changes a couple years ago have spun Cherry Creek’s commercial center into hyperdrive. Changes include the ability for developers to construct buildings up to 12 stories high and, overall, is creating the atmosphere for an integrated live-work-play lifestyle. Eight cranes are in the air in Cherry Creek North as I write this post. A lot is happening!

Inside Aviano, one of my favorite coffee shops in Cherry Creek North. A great meeting place.

Who lives here

Many Cherry Creek North residents appreciate the low maintenance lifestyle town tomes have to offer. As new residents move in, there’s a clash emerging between old and new, between those who like the charming, boutiquey neighborhood and those who want more ritz and shine.

Schools

Homes in the area feed Bromwell Elementary, one of my favorite public elementary schools in Denver. With a long-term reputation of high quality, it attracts top teachers, principals and staff, and is widely viewed as a great community establishment.

Buying in Cherry Creek

Cherry Creek North buyers want the prestige of the area, and have the money to buy in. It also offers the most direct access to the live-work-play lifestyle of the Cherry Creek commercial center, a big pull for a lot of buyers.

Want to put yourself in the best position to land a Cherry Creek North home, let’s talk. Reach out to me at kharris@livsothebysrealty.com or 720.877.1538

Selling in Cherry Creek

The majority of the homes are side-by-side townhomes built in the 1990s. Sellers compete with buyers looking for turnkey living like that offered in new construction. One thing is certain, sellers looking to get top dollar and fast sales cycles will need to replace their brass fixtures, paint over their yellow walls and change their honey-colored oak hardwood floors.

Interested in learning more about how to sell your Cherry Creek home at top dollar, let’s grab a coffee at Aviano. Reach out to me at kharris@livsothebysrealty.com or 720.877.1538

Recent notable sales

232 Monroe Street (4 bedrooms, seven bathrooms, 4,982 square feet). The townhouse exemplifies a classic front-to-back floor plan seen throughout Cherry Creek North. Built in 2017><, the home is transitional in style, features a wide floor plan and third floor terrace and roof-top deck, which is becoming a popular trend in the area. It sold for $2.769 million.

155 Steele Street (71 exclusive high rise condos, 1,300 – 3,500 square feet). This collection of new urban condos are under contract with an expected delivery of early 2019. Units are attracting over $1,000 per square foot, which is record breaking pricing in Cherry Creek North and pricing comparable to coastal markets.

333 Milwaukee Street (5 bedrooms, 6 bathrooms, 7,751 square feet) single-family home. The first ultra-luxury home sold in Cherry Creek North, this Colorado modern home sits on 1/3 acre and features indoor-outdoor living. The home is built in a U-shape with many rooms opening to the backyard pool. The home sold for full list price, $7 million, to a local buyer in October 2016. It’s right near the hub of the vibrant commercial center — an oasis with everything Cherry Creek has to offer just a short walk away.

Interested in learning more about the market, Cherry Creek or how I can help you buy or sell a home? I would love to meet for coffee or to have phone call. Reach out to me at kharris@livsothebysrealty.com or at 720.877.1538.