Cherry Creek Neighborhood in Denver CO

The Cherry Creek neighborhood is one of Denver’s most popular neighborhoods for new home buyers.

The Cherry Creek neighborhood is one of Denver’s most affluent neighborhoods and is the 16th on the wealthiest zip-codes in America list. With an average household income of more than $110,000 a year, it has some of the highest per capita incomes in the country.

Cherry Creek neighborhood currently offers 188 homes for sale with an average price of $779,586, which represents a 3 percent increase compared to last month’s average sale price within that same category and is also higher than its 12 months ago’ average sale price by 7%. According to real estate experts, there are many factors behind this trend: One being Denver as a whole has seen growth over the past few years along with more people moving to Colorado.

Cherry Creek is situated in an area that has seen significant growth over the years and contains some of Denver’s most expensive homes, many built by Denver’s influential early-day developers.

The first subdivisions were platted near the turn of the 20th century along with a handsome system of parks and parkways as a key part of Frederick Law Olmsted’s 1905 design for Denver’s mountain parks.

When it comes to rankings, Cherry Creek ranked No.1 on Forbes list of America’s most affluent neighborhoods in 2014 where it was described as having “…a high concentration of upscale amenities including luxury retailers like Louis Vuitton, Tiffany & Co, Hermes and Neiman Marcus which have established neighborhood stores” ….. “Part of the draw is also the exclusive Cherry Creek Shopping Center, which features upscale shops including Neiman Marcus and Nordstrom that are surrounded by pricey homes.”

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The Cherry Creek neighborhood has 21 parks within its boundaries with over 700 acres of land for outdoor lovers to enjoy. It includes a variety of sports facilities and courts such as basketball, tennis, handball, and racquetball along with four swimming pools. The Cherry Creek North Business District (CCNB) is an upscale shopping district in Denver, Colorado located immediately north and northwest of downtown Denver.

It is one of the city’s most popular shopping districts since its development in 1990 because it was modeled after successful retail developments in other major cities that have upgraded neighborhoods into thriving urban environments. The Denver Business Journal ranked the district as the area’s No. 1 shopping destination, out of all 242 retail centers in metro Denver due to its sales volume, number of retailers, and variety of shops.

Cherry Creek has been called one of America’s premier neighborhoods for luxury real estate where it offers homes representing every style from modern condominiums to spacious estates on vast lots, all within walking distance to world-class dining and shopping options.

According to Forbes Magazine “Denver is fast gaining a reputation as one of the most dynamic cities in the Rocky Mountain region” largely due to Cherry Creek North featuring upscale boutiques such as Louis Vuitton and Hermès along with popular restaurants like Lola Mexican House, Encore, and Steuben’s Food Service with a strong focus on local and organic foods as well as farm-to-table dining options.

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