For Those Considering Buying a House in Cherry Creek
Cherry Creek is a highly coveted Denver neighborhood known for its beautiful, tree-lined streets and its luxury shopping, dining and real estate offerings. Located just 10 minutes from downtown, Cherry Creek strikes the perfect balance between the beauty and comfort of a suburb with access to big-ticket urban amenities.Not to be confused with the affluent suburb of Cherry Hills Village, located 10 miles south of the city, Cherry Creek is renowned for its collection of classy clothiers, art galleries and boutiques, making it a mecca for those who want to see, be seen, and look good doing it, too. Cherry Creek continues to be an area that clients hope to live in, and Corken + Company hopes to be your Cherry Creek Realtor.
Suburb Stats for Cherry Creek, Colorado
For those looking to buy a home in Cherry Creek, one should know that Cherry Creek is home to about 12,000 residents giving the community a cozy, tight-knit feel. The main sub-district of Cherry Creek is referred to as Cherry Creek North, where a collection of homes, retailers, offices and restaurants are located in 16-block radius of pedestrian-friendly streets. Not surprisingly, this chic area is home to some of the most valuable real estate in town. Those who wish to reside in Cherry Creek can choose from a mix of luxury condominium high-rises, townhomes, duplexes and sprawling, single-family homes. Cherry Creek real estate provides a variety of options for someone looking to buy a home.
Population
The median age here is about 40 years old, with about 70 percent over the age of 18. Although it has lots of family amenities and is a great place to raise children, Cherry Creek has a decidedly mature feel thanks to the number of financial institutions stationed here and the abundance of high-end bars and restaurants.
Average House Prices – How Has This Changed Over Time?
Whether you are hoping to sell a home in Cherry Creek or buy a home in Cherry Creek, clients should know the median home value in Cherry Creek is about $478,000, and about half of the homes sold are above $500k. Although home sales have dropped slightly in the past year, the price per square foot has increased. Property values here have been rising steadily over the past five years, a trend that is expected to continue for years to come as the city continues to grow.
The neighborhood also has a thriving rental market, where a one-bedroom unit costs an average of $1,200 per month.
Average Housing Density
The highest concentration of homes is located in Cherry Creek North[K5] across the street from the Cherry Creek Shopping Center and bike path. Several modern condominium buildings have been added to the mix of offices, shops and restaurants in recent years, while a variety of older single-family residences and townhomes can be found in the blocks further north of the bustling commercial streets. This also gives for great opportunity to lease a home in Cherry Creek.
Although it is technically a separate neighborhood, many people consider the Country Club district to be included as a part of Cherry Creek. This historic area is located directly across from the exclusive Cherry Creek Country Club and features sprawling historic home sites with quiet streets and mature trees, all of which have seven-figure price tags.
Raising a Family in Cherry Creek
Cherry Creek real estate is often an area in which families flock for lots of reasons including its quiet streets, award-winning school district and proximity to family-friendly activities like parks, playgrounds and local attractions like the Denver Zoo and Denver Museum of Nature & Science. Several educational facilities are also conveniently located nearby.
Childcare and Early Learning in Cherry Creek
About 13 percent of Cherry Creek kids attend nursery, preschool or kindergarten programs. Several early-learning facilities are located in or near Cherry Creek, the closest of which is the Children’s Garden Montessori school, located at 5th and Detroit (within walking distance of many Cherry Creek homes).
School Districts in Cherry Creek
More than 8,000 Cherry Creek residents are enrolled in educational programs, with the majority of those participating at the elementary and high school levels, and 16 percent of residents are taking college courses. The only kids walking to class, however, are those enrolled at the Bromwell Elementary School, a unit of Denver Public Schools, located in Cherry Creek North. The Graland Country Day School is also nearby, which is a popular private school option.
The neighborhood’s namesake Cherry Creek School District enrolls about 55,000 kids each year across 61 school buildings, although most of these facilities are located south of Denver in and around the suburb of Greenwood Village. The system is particularly revered for its test score achievements and athletic programs.
Medical Centers in Cherry Creek
There are several private medical practices and doctor’s offices in Cherry Creek, however the nearest major medical center is the Rose Medical Center, about 10 minutes away by car.
What Type of Lifestyle Suits Cherry Creek?
Cherry Creek Realtors often point out that the name “Cherry Creek” has long been synonymous with a luxurious lifestyle. It is important to understand the luxury homes for lease and have a luxury realtor a your partner. Here you will find people having power lunches on patios, parading the latest fashion trends, and higher than average price tags on everything.
Best known for its retail offerings, Cherry Creek contains two distinct shopping districts: the Cherry Creek Shopping Center, a traditional indoor mall known for its high-end brand offerings, and Cherry Creek North, an eclectic collection of sidewalk boutiques.
Mall-walking is just one of the many ways Cherry Creek residents stay active, as these fitness-minded folks can often be found participating in an exercise class at the neighborhood’s many workout studios or biking and jogging along the city’s prominent recreational path.
In recent years, however, Cherry Creek has become as much of a culinary destination as one for shopping, now featuring a mix of fine dining establishments, casual neighborhood eateries, lively bars and cafes tucked in-between its boutiques, art galleries and yoga studios.
Restaurants and Dining in Cherry Creek
Perhaps the most famous restaurants in Cherry Creek include Elway’s, a popular steakhouse founded by the Denver Bronco’s GM and former football star, and the Cherry Cricket, a nationally acclaimed historic burger bar. Also popular are True Food Kitchen and North Italia, upscale chain concepts brought by the Fox Restaurant Group.
The additions of Matsuhisa, the latest sushi restaurant by the internationally renowned Nobu Matsuhisa, and Departure Lounge, a hip cocktail bar with a desirable rooftop patio, have really put the area on the dining map.
Shopping Precincts in Cherry Creek
Located on the south side of Speer Boulevard, the Cherry Creek Mall shopping center houses an impressive collection of more than 160 stores including Nordstrom, Neiman Marcus, Macy’s, Ralph Lauren, Tiffany & Co. and a massive Restoration Hardware showroom. The mall also has a movie theater and variety of restaurants from fast-food joints to fine dining like the Kona Grill and the 801 Chophouse. An innovative play park is also located within the mall offering space for kids of all ages to run, climb and socialize.
Best explored on foot, the premier Cherry Creek North district boasts nearly 400 retail shops (many of which are independently owned and operated) lining its attractive streets. An afternoon (or weekend!) of strolling the neighborhood, poking through stores and sampling a variety of restaurants, bars and cafes is a favorite activity for locals and visitors alike.
Recreation Centers in Cherry Creek
Cherry Creek is generally a very health-conscious community, and residents have no shortage of gym facilities, from yoga studios to personal training gyms, to help them meet their fitness goals. Located in the heart of Cherry Creek is the svelte and swanky Pura Vida Fitness & Spa, a state-of-the-art gym with group fitness classes, temperature-controlled yoga studios and a serene spa facility right on site. Several smaller, more specialized fitness studios are also nearby like Pure Barre, Pilates Evolution, Tru Fit Athletic Club and Yoga Pod. A tennis center and golf club are also located in the area.
Outdoors Activities in Cherry Creek
Despite its uber-urban setting, Cherry Creek is perched on the 11-mile Cherry Creek bike path which connects downtown Denver to the Cherry Creek reservoir and beyond. The paved path seamlessly connects with a regional trail system which extends all the way to Cherry Creek State Park and south into Littleton and other Douglas County suburbs for extensive exploration. Bicycles can be rented at various places in the neighborhood, or the scenic path can also simply be enjoyed on foot by walking or jogging. A visit to this valuable neighborhood attribute is a part of a daily routine for many Cherry Creek residents.
The Arts & Cultural Centers in Cherry Creek
Tucked into a quiet corner of Cherry Creek North’s shopping area is the Cherry Creek Arts District where culture vultures will delight at more than 20 independently owned art galleries and art-related businesses. The Cherry Creek Arts Festival is held here each summer showcasing an array of local artists and artisans—a true treat for residents who get to enjoy cooking demonstrations, live music and sidewalk sales just steps away from their front doors.
Cherry Creek is also home to a local library branch, a live theater venue and the Four Mile Historic Park, a popular place to learn about Denver’s early history and pioneer life.
Wellness and Beauty in Cherry Creek
There are more than 60 spas, salons, beauty shops, medi-spas and nail salons in Cherry Creek, where wellness is certainly a way of life for many residents. The most notable spa facilities include the Antoine Du Chez Salon and Spa at the JW Marriott hotel and SpaVital at the Pura Vida fitness club. Places as such make Cherry Creek a great place to buy a home in Cherry Creek or sell a home in Cherry Creek.
Community Events in Cherry Creek
In addition to the annual Cherry Creek Arts Festival, the community holds several fun and entertaining events throughout the year that are popular city-wide, like the Cherry Creek Farmer’s Market, held on Wednesdays and Saturdays during the warmer months; the Cherry Creek North Food and Wine festival in August; and the Cherry Creek Sneak, a five-mile running race that celebrates the neighborhood’s picturesque residential streets and amazing rustic trail access.
Commuting From Cherry Creek
Cherry Creek realtors often prize the area as being centrally located. Cherry Creek is approximately three miles southeast of downtown Denver, which is about a 10-minute drive via Speer Boulevard, the city’s main traffic artery. Cherry Creek is also about 26 miles from the airport, or about a 40-minute drive.
Other Transportation Options Within Cherry Creek
For those who prefer not to drive, an abundance of Uber, Lyft and taxi drivers are readily available. The city’s RTD bus system also provides transportation to, from and within Cherry Creek. Of course, one of the perks of living in Cherry Creek is that it is a highly walkable neighborhood (it is rated as the fifth most walkable neighborhood in Denver, with a Walkscore of 83.)
For slightly longer distances, bicycling is also a popular method of transportation, made even more accessible thanks to convenient B-Cycle stations, where bikes are rented by the hour or day, and also its proximity to the Cherry Creek bike path, which parallels the length of Speer Boulevard.
It’s easy to see why Cherry Creek is one of Denver’s most popular neighborhoods. With its central city location, access to well-maintained outdoor areas and abundance of dining and entertainment attractions, anyone would be lucky to live in or around this vibrant community. Corken + Company looks forward to the opportunity to be your Cherry Creek realtor and your real estate partner for Real Estate Solutions without Limits.
