The median sale price of a home sold in the fourth quarter of 2018 in Watkins in Arapahoe County rose by $72,500 while total sales increased by 50%, according to BlockShopper.com.
From October through December of 2018, there were three homes sold, with a median sale price of $650,000 – a 12.6% increase over the $577,500 median sale price for the same period of the previous year. There were two homes sold in Watkins in the fourth quarter of 2017.
The median sales tax in Watkins for 2018 was $2,502. In 2017, the median sales tax was $2,462. This marks an increase of 1.6%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 0.4%.
The following table compares Watkins to other Arapahoe County cities with similar median sale prices in the fourth quarter of 2018:
| City | Oct. – Dec. 2018 Home Sales | Oct. – Dec. 2017 Home Sales | % change (Total Home Sales) | Oct. – Dec. 2018 Median Sales Price | Oct. – Dec. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Cherry Hills Village | 29 | 25 | 16% | $1,835,000 | $1,790,000 | 2.5% |
| Bow Mar | 1 | 3 | -66.7% | $950,000 | $1,517,500 | -37.4% |
| Greenwood Village | 57 | 65 | -12.3% | $935,000 | $749,900 | 24.7% |
| Columbine Valley | 3 | 10 | -70% | $890,000 | $780,000 | 14.1% |
| Watkins | 3 | 2 | 50% | $650,000 | $577,500 | 12.6% |
| Foxfield | 1 | 2 | -50% | $595,000 | $675,000 | -11.9% |
| Cherry Creek | 48 | 38 | 26.3% | $542,500 | $542,000 | 0.1% |
| Holly Hills | 10 | 16 | -37.5% | $534,500 | $434,750 | 22.9% |
| Inverness | 4 | 6 | -33.3% | $533,500 | $631,500 | -15.5% |
| Bennett | 5 | 4 | 25% | $509,000 | $463,500 | 9.8% |
| Strasburg | 11 | 8 | 37.5% | $443,500 | $442,500 | 0.2% |
* This story only considers sales data for the part of Watkins that is in Arapahoe County.
