New Mansion Purchase Underlines Denver Area's Cherry Hills Village Continuing Price Dominance10/2/2023 A new home purchase in metro Denver's Cherry Hills Village illustrates the prices that property in the exclusive section can fetch. According to multiple sources, former Denver Broncos running back Terell Davis has just purchased a 7,000 square-foot home in the Village for $3.3 million. The seven-bedroom mansion, located at 10 Foxtail Circle, was sold through the offices of Realty One Group Premiere, and represents only the latest significant sale in a thriving neighborhood where the median family income is more than $430,000. Last year Denver Broncos quarterback Russell Wilson and his wife, singer-songwriter Ciara, also made a Cherry Hills Village purchase of a $25 million, four-bedroom estate. Just before the pandemic outbreak, a home belonging to former Level 3 Communications chief executive officer James Crowe sold for $11.6 million, Cherry Hills Village, notes the publication Forbes, "regularly ranks amongst the wealthiest towns in America," with an average home value of around $4.8 million. Recent listings on the site Realtor show mansions of a fairly recent vintage ranging in price from $1.9 million to just under $29 million. With an average size of 7,000 square feet, according to the Denver Post, homes in the village in the last 12 months "stayed on the market for an average of 40 days." Located around 10 miles to the south of downtown Denver, Cherry Creek Village has enjoyed a steady, but not explosive population growth over the last two decades. Just under 6,000 called the village home two decades ago, while today that number is up to around 6,400. Although Cherry Creek's numbers are all on the buoyant side, it is still not the richest town in America, says the publication Veranda. That distinction belongs to Atherton, California, 35 miles south of San Francisco, where the average median family income is $525,300, and the average home value around $7.8 million. By Garry Boulard
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