DENVER NEIGHBORHOODS | THE MITCH LAZAR TEAM
Cherry Creek, Denver: Luxury Condos and Lock-and-Leave Living
THE SHORT ANSWER
Cherry Creek is where Denver’s luxury buyers go when they want the address without the acreage. It divides into Cherry Creek North, with its walkable shopping district and brick townhomes, and the newer high-rise condo buildings near the mall. The story of this market right now is condos: luxury condo sales across the metro jumped 81 percent year over year, and Cherry Creek is the center of it, driven by empty-nesters trading large corridor homes for lock-and-leave living. The neighborhood’s median sale was about $951,000 over the last 12 months, with penthouses trading far above it. The Mitch Lazar Team’s office sits at 200 Columbine Street in Cherry Creek, and Mitch represented the seller of 9099 E Harvard Avenue in Cherry Creek Country Club, sold July 2025 at $2,400,000, per REcolorado.
Why Cherry Creek Is the Metro’s Hot Spot Right Now
The single most striking number in this summer’s market data was an 81 percent year-over-year increase in luxury condo sales metro-wide. That is not a statistical blip, and it is not evenly distributed. It is concentrated in Cherry Creek and downtown, and the driver is demographic: owners of large homes in Greenwood Village, Cherry Hills and the surrounding corridor are reaching the stage where a 7,000 square foot house on an acre stops being an asset and starts being a job.
Cherry Creek answers that precisely. A new-build condo with secure parking, a concierge, and no yard, three blocks from restaurants and galleries, and lockable for a month in Vail or abroad without a second thought. We see both sides of that trade regularly, and it is why our sellers in the corridor and our buyers in Cherry Creek are frequently the same people.
Cherry Creek North Versus the Towers
Cherry Creek North is the low-rise half: tree-lined residential blocks of brick townhomes and duplexes, wrapped around the shopping district on 2nd and 3rd Avenues with its high-end boutiques, art galleries and award-winning restaurants. The neighborhood keeps a full calendar of art fairs and events, and the Cherry Creek Trail offers a scenic pathway for walking, biking or jogging right through it. The condo towers near the iconic Cherry Creek Shopping Center are the other market entirely, offering full-service buildings, higher floors, mountain views and HOA structures that handle everything. They price and behave differently, and choosing between them is usually a lifestyle question rather than a financial one. The mix of people tells the story: affluent families, urban professionals and empty nesters, all drawn to a refined lifestyle in a walkable, well-connected neighborhood.
What to Watch
New condo delivery in Cherry Creek has been substantial, which means buyers have choice and sellers of resale units compete with developer inventory and its incentives. For anyone selling a corridor home to move here, sequencing matters: understanding what your house will bring before committing to a purchase is the difference between a smooth trade and a stressful one.
Cherry Creek Market Snapshot
| MEASURE | CURRENT |
| Median sale price (12 mo) | $951,000 (area, zip 80206) |
| Median days in MLS | 18 |
| Active listings | 146 (zip 80206) |
| Metro context | Luxury homes metro wide went under contract in a median of 17 days in July 2026 (DMAR) |
Data: REcolorado MLS and DMAR Market Trends. Updated alongside our Denver Luxury Market Report.
Frequently Asked Questions
Where is Cherry Creek in Denver?
Cherry Creek is a neighborhood in central Denver just southeast of downtown, bounded roughly by University Boulevard, Colorado Boulevard, 6th Avenue and Cherry Creek itself, and includes both Cherry Creek North and the Cherry Creek Shopping Center district.
How much do homes and condos in Cherry Creek cost?
The median sale in the Cherry Creek area (zip 80206) was about $951,000 over the last 12 months per REcolorado. Townhomes and duplexes in Cherry Creek North and full-service condominiums near the mall make up the majority of transactions, with penthouse units trading well above the neighborhood median.
Why are Cherry Creek condo sales rising so quickly?
Luxury condo sales across metro Denver rose 81 percent year over year, concentrated in Cherry Creek and downtown. The driver is empty-nester demand: owners of large homes in the south corridor trading acreage and maintenance for lock-and-leave living close to restaurants, galleries and the airport.
What is the difference between Cherry Creek North and Cherry Creek?
Cherry Creek North is the low-rise residential half, made up of brick townhomes and duplexes on tree-lined streets around the 2nd and 3rd Avenue shopping district. The area nearer the Cherry Creek Shopping Center is dominated by full-service condominium towers with concierge services and mountain views.
Is Cherry Creek a good option if I am downsizing?
For many corridor homeowners it is the natural next step. A full-service condo removes yard work, maintenance and security concerns, and can be left empty for months at a time. The key is sequencing the sale of the existing home correctly so the purchase is made from a position of knowledge.
Explore Nearby
Many Cherry Creek buyers are selling in Greenwood Village or Cherry Hills Village first. Nearby residential alternatives include Hilltop, just east across Colorado Boulevard, and Washington Park to the southwest.
Related Guides
Planning a move from out of state? Start with the Denver Relocation Guide. Comparing areas? See the Best Denver Suburbs guide. Looking for privacy and a staffed gate? See Gated Communities of South Denver. Working in the tech center? See Living Near the Denver Tech Center.
THINKING ABOUT A LOCK-AND-LEAVE MOVE?
We work both sides of this trade every month: selling the corridor house and buying the Cherry Creek condo. If you are weighing it, we can model what the numbers actually look like.
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