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East Arapahoe News

Tuesday, November 26, 2024

Falling home prices in Centennial in the second quarter of 2020

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The median sale price of a home sold in the second quarter of 2020 in Centennial fell by $3,830 while total sales decreased by 28.2%, according to BlockShopper.com.

From April through June of 2020, there were 428 homes sold, with a median sale price of $454,670 - a 0.8% decrease over the $458,500 median sale price for the same period of the previous year. There were 596 homes sold in Centennial in the second quarter of 2019.

The median sales tax in Centennial for the most recent year with available data, 2018, was $2,664, approximately 0.6% of the median home sale price for the second quarter of 2020.

The following table compares Centennial to other Arapahoe County cities with similar median sale prices in the second quarter of 2020:

CityApr. - June 2020 Home SalesApr. - June 2019 Home Sales% change (Total Home Sales)Apr. - June 2020 Median Sales PriceApr. - June 2019 Median Sales Price% change (Median Sales Price)
Bennett36-50%$557,000$538,0003.5%
Strasburg26-66.7%$539,250$502,4507.3%
Watkins21100%$535,000$649,500-17.6%
Holly Hills713-46.2%$520,000$503,0003.4%
Inverness660%$493,250$507,000-2.7%
Centennial428596-28.2%$454,670$458,500-0.8%
Littleton167222-24.8%$435,900$414,4255.2%
Spring Creek Meadows815-46.7%$420,750$414,5001.5%
Englewood148203-27.1%$410,000$395,0003.8%
Aurora1,3781,842-25.2%$341,000$333,0002.4%
Sheridan1222-45.5%$324,500$320,986.501.1%

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