It used to be said that if you wanted to live in Greenwood Village or Cherry Hills Village for under a million dollars, you would have to buy a vacant lot and pitch a tent. But with the current market conditions, prices have adjusted and you can find foreclosed homes in these Denver CO cities for a fraction of their original asking price.
Currently, the Denver metro MLS/IDX system shows one property in Cherry Hills CO and two in Greenwood Village CO that are bank owned foreclosures. From $675,000 for a fixer upper in Cherry Hills to a brand new builder home in Greenwood Village for $2,695,000 that was listed for over $3,300,000 just a few short months ago. Incredible once in a lifetime opportunities.
The Denver metro area is ripe with these kind of deals. And believe it or not, they are being snatched up quickly. There are some ready buyers who know this is a great time to find the deal of a century, and when these properties come on the market, they move quick. These buyers know that Denver real estate, and homes in Cherry Hills Village and Greenwood Village won’t stay down for long. In fact we are already seeing prices move up in the lower price ranges.
If you want to search all of the Denver area homes, or homes in Cherry Hills Village or Greenwood Village for sale on the MLS/IDX at no cost or obligation, go to my website. Or give me a call, and let me know how I can help you with your real estate needs.
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