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Thursday, September 17, 2009

Cherry Creek Condos and Much, Much More

By Michael Canon

In the southern central part of the greater Denver area lies Cherry Creek. The city stands out because of its excellent school system and upscale shopping areas. The city is a mix of urban and suburban and houses over 100,000 residents. Cherry Creek is at the southern border of the city which is what the city is named after. Because of its excellent schools, upscale shopping areas, and upper class homes, Cherry Creek is an expensive place to live. Unfortunately Cherry Creek condos are no exception.

Cherry Creek North is an upscale shopping area that the city is well known for. There are many shops in Cherry Creek North, over 600 in fact, ranging from art galleries and cafes to high end restaurants and salons. Besides Cherry Creek North, the city is also home to the famous Cherry Creek Mall. The mall happens to be one of the best places to shop in the whole state. It has around 160 stores ranging from huge department stores to smaller shops and merchants.

There are many other activities that can be enjoyed in Cherry Creek besides shopping. There are many parks and trails for residents to enjoy as well as community events. An arts festival is held every year. This huge event attracts over 350,000 people every year. The event has over 200 national artists and is the number one out door arts festival in the whole country. There are eight stages that have performances and shows during the Fourth of July weekend. The Gates Tennis Center is another well known attraction that has many players who use the facility every year.

The city has also been undergoing many changes in its real estate. The city is unique to live in because it is architecturally diverse. As a part of the rebuilding program Cherry Creek condos and townhomes have been replacing older buildings. There is a wide price range that consumers can take advantage of start at $180 per square foot and going up. High end Cherry Creek condos have been starting to surface. Some of the new condos that have been being built have a rather high price tag between $3.5 million and $6 million.

Several Cherry Creek condos can be found for sale right now. The condos that are for sale have a price range between $150,000 and $4.7 million. $692,000 is the current median price per condo. The average price of the condos is $890,000. Cherry Creek condos price per square foot averages out to $321.

Many people of Cherry Creek enjoy the upscale environment the city has to offer. With a good portion of the area married and having families the median household income for a family with children is about $200,000. Cherry Creek condos are a great place to look into if you are planning at moving into the Denver area as you'll have everything close by. - 23204

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