Greenwood Village appreciation rates and housing market information

Greenwood Village housing market information

With 11,068 people, 4,193 houses or apartments, and a median cost of homes of $901,529, Greenwood Village house prices are not only among the most expensive in Colorado, Greenwood Village real estate also is some of the most expensive in all of America.

Greenwood Village is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Greenwood Village than is found in 99.31% of the communities in America.

And, as is not surprising, these large homes are primarily owner-occupied (72.72%).

There is a lot of housing in Greenwood Village built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Greenwood Village built from 1995 and later (20.25%). A lesser amount of the housing stock also hails from 1940-1969 (18.53%), and some were built from 1939 and earlier (18.53%).

Greenwood Village home appreciation rates

Appreciation rates for homes in Greenwood Village have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 91.10%, which ranks in the top 30% nationwide. This equates to an annual average Greenwood Village house appreciation rate of 9.11%.

Appreciation rates are so strong in Greenwood Village that despite a nationwide downturn in the housing market, Greenwood Village real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Greenwood Village appreciation rates continue to be some of the highest in America, at 4.24%, which is higher than appreciation rates in 85% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Greenwood Village. Greenwood Village appreciation rates in the latest quarter were at 2.41%, which equates to an annual appreciation rate of 9.64%.

Importantly, this makes Greenwood Village one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Colorado, our data show that Greenwood Village's latest annual appreciation rate is higher than 69% of the other cities and towns in Colorado.