The Real Deal New York

This Colorado “village” is the second-richest city in the country

You'll need at least $1.5M to buy in.
April 01, 2018 03:55PM

(Credit: Pixabay)

To live in Cherry Hills Village you’ll need at least $1.5 million to buy your house — and most of the high-end ones go for between $5 and $7 million.

The 6,000-person enclave of Cherry Hills, 10 miles south of Denver, has an average annual income of nearly $400,000, according to Bloomberg, and has a phone book that reads like Rolodex of who’s who of Denver celebrities.

“You have Broncos players and Colorado Avalanche players who choose to call Cherry Hills their home,” LIV Sotheby’s International’s Jeff Hendley said to Bloomberg. “You have the C-level executives of publicly traded companies living here. You’ve got tech people moving in, and people in oil and gas.”

The most expensive home listed in Cherry Hills at the moment is a $18-million, newly-built mansion on a 5-acre property. And Hendley expects homes prices to grow by 8 to 10 percent in 2018 due to an influx of people moving into the state and local buyers looking to upgrade their homes. [Mansion Global]Erin Hudson