For Those Considering Buying a House in Greenwood Village
Originally founded in the late 1800s during the gold rush, the rolling plains landscape of Greenwood Village was once covered with dairy farms and fruit orchards. As subdivisions and shopping centers began to rise on the rural farmland, the city was finally incorporated in 1950. Today, Greenwood Village is a thriving suburban town covering eight square miles of Arapahoe County. Corken + Company is a long trusted partner for many clients as a Greenwood Village Realtor.
Conveniently located on the I-25 corridor about 15 miles south of downtown Denver, the city is home to many notable developments such as the Denver Technological Center, a major business hub, and the Fiddler’s Green Amphitheater, a unique outdoor performing arts center. A plethora of upscale restaurants, cocktail lounges, shopping areas, spas, parks and residential neighborhoods also are located within the village. Greenwood Village is a great place for a variety of people to buy a home. The area offers a wide variety of housing options from luxurious apartment buildings, high-rise condominiums, townhomes, family-friendly subdivisions and exquisite estate properties. See Homes For Sale in Greenwood Village now!
Suburb Stats for Greenwood Village, Colorado
As a Greenwood Village realtor, we strive to make sure that our clients are as happy with their home selection as possible. In a recent citizen survey, a whopping 99 percent of respondents rated Greenwood Village as having a “good” or “excellent” quality of life for reasons such as access to outdoor recreation areas like parks and trails, an overall feeling of safety and the city’s beauty due to landscaping and maintenance efforts by the city as well as the area’s naturally pleasant scenery.
Continuing development has contributed to the city having grown 13 percent in recent years. Currently, the median household income in Greenwood Village is $117,500 while the median home value is around $805,000, according towww.livability.com. About two-thirds of homes are owner-occupied, although the area also has a thriving rental market. The average rent for a one-bedroom apartment is about $1,400 per month.
For those looking to buy a home in Greenwood Village or sell a home in Greenwood Village, about 15,000 people currently live in Greenwood Village, although the city’s “daytime” population swells to almost 70,000 as people commute here for work. Large commercial and corporate developments like the Denver Tech Center (DTC) and the Landmark Town Center dining and entertainment complex provide a plethora of job opportunities for people across the Denver metropolitan region.
The median age of Greenwood Village permanent residents is about 44 years old, indicating a population in the thick of growing their careers and families. Citizens here are highly educated with about 75 percent of residents have earned a bachelor’s degree and more than 30 percent having also obtained a postgraduate degree.
Average House Prices
The average price of a Greenwood Village home has risen about 13 percent in recent years to $940,000. About 44 percent of home are listed in the $500,000 to $900,000 range (many of which are townhomes and condominiums) and about 33 percent are valued over one million dollars (some of which are listed at more than five million dollars.)
Average House and Block Size
The average number of people living in a Greenwood Village home is about 2.5 indicating the majority of homeowners are couples or young families. In accordance with this demographic, most of the single-family homes in Greenwood Village are located in subdivisions and neighborhoods, although some are located on more ample acreage for additional space and privacy. The majority of single family properties in this area offer well over 5,000 square feet of living space, and many offer more than 10,000 square feet, with multiple bedrooms, bathrooms and living areas.
Average Housing Density
There are approximately 6,000 households in Greenwood Village from condominiums to secluded estates. The majority of multi-family units are clustered in and around the DTC area and I-25 corridor where many young professionals prefer to live close to their workplaces. Single-family properties and estates are typically scattered around the outer edges of the city borders. There are some neighborhoods known for their exclusive addresses, but many of these properties maintain a feeling of privacy as they are not clustered together, but rather they are tucked away on their own.
Commuting From Greenwood Village
When showing homes to clients interested in Greenwood Village, a Greenwood Village realtor considers that it is in a prime location for commuters as one of the region’s main thoroughfares travels right through the center of town. In fact, the I-25 corridor is probably best known these days as a highly-trafficked commuter route. Although many of its cars are carrying people into the Greenwood Village area each morning, some people also travel north towards Denver, which takes about 30 minutes by car, or south to Colorado Springs, which takes about an hour. Lone Tree is another nearby commercial zone, located about 10 miles south of Greenwood Village, a drive that takes about 20 minutes. Additionally, the Denver International Airport is about 30 miles away, a drive that takes about 40 minutes via I-225.
Some Greenwood Village commuters prefer to use the region’s RTD light rail system, an above-ground rail network with numerous routes throughout the metro area, many of which also offer free park-and-ride lots as well as some shuttle buses. The Orchard Station is the closest RTD stop to Greenwood Village’s city center.
Raising a Family in Greenwood Village
Greenwood Village provides many family-friendly amenities and services like parks, daycare centers, citywide safety programs and quiet residential neighborhoods making it a popular place to raise children. Greenwood Village is uniquely served by two public school districts: the Cherry Creek School District and Littleton Public Schools. Within its borders the city has 10 public school buildings, as well as two private school facilities, providing easy access to school programs for all ages. Greenwood Village also serves as the headquarters for the Cherry Creek School District offices.
Childcare and Early Learning in Greenwood Village
About 10 percent of children participating in education programs in Greenwood Village are enrolled at the preschool and kindergarten levels. Preschool programs are available at each of the two private schools in town, the Aspen Academy and the Beacon Country Day School. Many independent preschools and daycare centers are also located in Greenwood Village including the Primrose School at the Denver Tech Center, the La Petite Academy of Greenwood Village and the Willows Child Learning Center, among many others.
School Districts in Greenwood Village
Of the 10,612 children being educated in Greenwood Village, 42 percent are enrolled at the elementary level and 32 percent attend high school. The city of Greenwood Village is home to five public elementary schools, three public middle schools and two public high schools. Two private schools are also located in Greenwood Village with programming for students from preschool through the eighth grade.
Medical Centers in Greenwood Village
Residents of Greenwood Village are served by two major medical centers nearby. The Littleton Adventist Hospital is six miles east of the city, about a 15 minute drive, and features a nationally acclaimed breast center, a level-three newborn intensive care unit and emergency services. The Sky Ridge Medical Center in Lone Tree is about 11 miles away, which takes about 20 minutes by car, and features state-of-the-art centers for women’s health, birth and newborn care and cancer treatments. A multitude of private practices, internal medicine and physical therapy and family care medical offices are located right in the city.
What Type of Lifestyle Suits Greenwood Village?
People who live in Greenwood Village are generally very active, healthy and engaged in the community. They greatly enjoy the outdoors, and “parks and recreation” is continually named as one of their favorite things about living here. Not only do citizens enjoy easy access to parks and trails, but the city is also surrounded by hundreds of acres of open space and is located near several major state parks.
Greenwood Village is also known for its array of high end restaurants, bars, boutiques and entertainment districts, many of which are centered in and around the DTC area where people often mix and mingle after work for happy hour, sports games, dates and corporate dinners.
Restaurants and Dining in Greenwood Village
Greenwood Village has several main dining areas where residents and commuters will find everything from fast food chains and delis, to fine dining establishments to coffee shops and cafes. Many of these are located near the intersection of I-25 and Belleview Avenue, near the heart of DTC. The Tavern Tech Center and Bar Louie are popular for happy hour. Ya Ya’s European Bistro, Chianti and Del Frisco’s steakhouse are top choices for a quiet business lunch or dinner. The Landmark center is another popular nightlife hub with a movie theater, comedy club, restaurants and bars.
Shopping Precincts in Greenwood Village
Although not necessarily known as a destination shopping area, Greenwood Village has a ton of great shops from fashion boutiques to antique stores sprinkled throughout its neighborhoods. The Landmark Center near I-25 and Orchard Road is home to A Line Boutique, a women’s clothing store, and HW Home, a furniture store. A farmer’s market is also located here on summer weekends. The Belleview Promenade, located at I-25 and Belleview Avenue near the DTC, in an outdoor shopping center with several upscale restaurants, salons and day spas, coffee shops and women’s clothing boutiques and jewelry stores. Further south, near Arapahoe Road, is the Arapahoe Marketplace which houses a variety of conveniences like grocery stores, banks, nail salons, coffee shops and casual restaurants.
Recreation Centers in Greenwood Village
Greenwood Village residents value health and wellness as a lifestyle. Livability.com estimates that 84 percent of Greenwood Village residents pursue an active lifestyle and 74 percent maintain a healthy weight (BMI). The city is chock full of places where people can exercise and work on their wellness goals from outdoor parks and trails to fitness centers and personal training facilities.
The impressive 150,000-square-foot Greenwood Athletic Club and Tennis Center is the city’s premier health club featuring a full schedule of fitness classes, a weight room, outdoor aquatic center with a kid’s play area and both indoor and outdoor tennis courts. Additionally, the Colorado Athletic Club DTC is another full service fitness center with modern workout equipment, locker rooms and a day spa with sports programs for kids and teens. A variety of specialty gyms are also nearby including PureBarre, CrossFit, Orangetheory and yoga.
More adventurous types can utilize the city’s 280 acres of parks and 47 miles of trails for jogging, hiking, cycling and exercising pets, including the prominent High Line Canal trail network which extends into downtown Denver. The city also maintains a skate park, equestrian park and nature preserve for residents to enjoy. In addition to being home to approximately 20 neighborhood parks and picnic areas, Greenwood Village is just five miles from the expansive Cherry Creek State Park featuring a reservoir that accommodates boats and an off-leash dog park.
The Arts in Greenwood Village
The recently renovated Curtis Arts and Humanities Center in Greenwood Village is the community’s treasured cultural event center offering art classes, gallery exhibits, lectures and other educational activities. It hosts seven events and exhibits throughout the year including the annual All Colorado Art Show and specialty events for children and seniors.
Greenwood Village is also home to the Fiddler’s Green Amphitheatre which draws international acts to its outdoor stage. Conveniently located right in the heart of DTC, the facility holds 17,000 people and hosts shows from May through September.
The Arapahoe County Library has two locations in Greenwood Village, the Castlewood Library and the Koelbel Library. Both libraries are open daily and provide study rooms, complimentary computers and Wi-Fi, art gallery areas, a coffee shop and programs and classes for all ages.
Events in Greenwood Village
The city of Greenwood Village hosts a variety of events throughout the year that are designed to bring the community together like Youth Art Month and a farmer’s market series. The city’s most celebrated event is Greenwood Village Day where residents are invited to hear live music, eat snow cones, participate in arts and crafts and sample food from a variety of local vendor trucks.
What was originally created as a business hub for Denver, Greenwood Village has surprised many by turning into a lovely, family-friendly community that has caught the eye of those beyond the corporate world. Now, people travel near and far to experience the city’s vibrant, luxurious lifestyle, and many are here to stay.
As the Denver Tech Center continues to grow, so does the surrounding Greenwood Village community. This area continues to be a great place to sell a home or buy a home. Corken + Company hopes to continue to be your Greenwood Village realtor and partner for your Real Estate Solutions without Limits.