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Tuesday, September 15, 2009

Cherry Creek Condos

By Michael Canon

In the southern central part of the greater Denver area lies Cherry Creek. The area has become well known for its upscale shopping areas and its superb school system. The city is a mix of urban and suburban and houses over 100,000 residents. The city's name is derived from Cherry Creek which is near the southern border of the city. Because of its excellent schools, upscale shopping areas, and upper class homes, Cherry Creek is an expensive place to live. Cherry Creek condos could not avoid this cost either.

The city is known for Cherry Creek North which is an upscale shopping area. There are hundreds of different shops that can be explored which range from restaurants to salons and boutiques. Not too far from Cherry Creek North is the Cherry Creek Mall. The mall happens to be one of the best places to shop in the whole state. There are a total of 160 stores inside the mall not including many merchants that do business there.

Cherry Creek has much more to offer than just an extravagant shopping experience. There are many community events that are to be enjoyed as well as parks and trails. For example there is an annual arts festival that attracts many visitors. This huge event attracts over 350,000 people every year. The event is the number one outdoor arts festival in the country and has over 200 national artists. During the Fourth of July weekend the festival will have eight stages of performances and shows. The Gates Tennis Center is another well known attraction that has many players who use the facility every year.

The real estate in the city has been having changes since the late 70s. 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. The price range varies greatly, from as little as $180 per square foot all the way up to $600 per square foot! The city has also seen some high end Cherry Creek condos that are under construction. 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. However the average price is a little higher at $890,000. Cherry Creek condos have an average price of $321 per square foot.

Families enjoy raising their children in a city that has plenty to do and an upscale environment. Many of the families have an average income of $200,000 for a family with a married couple and children. You should take a closer look into Cherry Creek condos if you may possibly move to the Denver area as you will have great schools and great shopping at your doorstep. - 23159

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