With 15,663 people, 6,000 houses or apartments, and a median cost of homes of $888,244, 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.
Single-family detached homes are the single most common housing type in Greenwood Village, accounting for 59.11% of the city's housing units. Other types of housing that are prevalent in Greenwood Village include large apartment complexes or high rise apartments ( 32.41%), row houses and other attached homes ( 6.14%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.20%).
The large homes that make up Greenwood Village are primarily owner-occupied ( 67.47%).
There is a lot of housing in Greenwood Village built from 1970 to 1999 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 between 2000 and later ( 29.14%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.58%).
In the last 10 years, Greenwood Village has experienced some of the highest home appreciation rates of any community in the nation. Greenwood Village real estate appreciated 38.15% over the last ten years, which is an average annual home appreciation rate of 3.28%, putting Greenwood Village in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Greenwood Village definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
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 9.23%, which is higher than appreciation rates in 96.21% 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 3.81%, which equates to an annual appreciation rate of 16.13%.
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 80% of the other cities and towns in Colorado.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Greenwood Village differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Greenwood Village - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Greenwood Village real estate investment or home purchase decisions.
|$1,052,001 - $1,403,000||15.1|
|$701,001 - $1,052,000||18.6|
|$561,001 - $701,000||12.3|
|$421,001 - $561,000||6.7|
|$281,001 - $421,000||13.8|
|$140,001 - $281,000||10.7|
|$70,001 - $140,000||1.5|
|$0 - $70,000||0.7|
|Value Relative to Nation||Value Relative to State|
|AGE OF Greenwood Village HOMES|
|2000 or Newer||29.1|
|1970 - 1999||57.1|
|1940 - 1969||13.6|
|1939 or Older||0.2|
|TYPE OF Greenwood Village HOMES|
|Small Apt. Buildings||2.2|
|SIZE OF Greenwood Village HOMES|
|5 or more bedrooms||21.17|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
2000 Q1 - 2016 Q3
|* 10 is highest|