Greenwood Village's Median Home Price Doesn't Mean What You Think It Means

Ask three different sites for Greenwood Village's median home price and you will likely get three different answers, sometimes hundreds of thousands of dollars apart. That is not a data error. It is what happens when one number tries to describe four different markets at once.

The Decision Buyers Can't Postpone

Start with the friction, because it's the part that actually costs people money. On June 4, 2026, Century Communities broke ground on The Village at Landmark, a gated enclave of 90 detached single-family homes going up on 13 acres directly south of The Landmark entertainment district. Home sales are not expected to open until spring 2027. Pricing is expected to run from $1.7 million to $3 million, according to the company's official release.

For a buyer with $1.7 million or more to spend, the floor price at The Village at Landmark, that timeline forces a real choice right now. Wait for a brand-new home at a price the builder sets, in a project already generating attention before a single model home is finished. Or buy a resale today, in a market where well-prepared listings are still moving but plenty of others are sitting long enough that sellers are negotiating on concessions. Those two paths carry very different amounts of leverage, and the gap between them only widens the closer spring 2027 gets.

Nobody has to decide this in the abstract. But anyone shopping near the top of Greenwood Village's classic single-family core, roughly $1.5 million and up, is making this decision over the next year whether they realize it or not, because that is exactly where a resale budget starts to overlap with a Village at Landmark budget.

Why New Construction Almost Never Happens Here

Part of what makes The Village at Landmark newsworthy is how rarely anything like it happens in this city. Greenwood Village is close to fully built out. Century Communities itself describes the project as landing in "one of the Denver Metro's most highly limited and tightly regulated submarkets." The Denver Gazette's coverage of the groundbreaking put it more bluntly, noting the 13-acre site on East Berry Avenue had sat largely undeveloped since the 2008 market crash, caught between pressure for denser transit-oriented housing and long-standing resident concerns about traffic and infrastructure.

Outside of this one project, the only real path to a genuinely new house in Greenwood Village is buying an older lot and rebuilding on it. That is why you can drive certain blocks near the Greenwood Athletic Club and see a multimillion-dollar new build sitting next to an untouched 1970s or 1980s ranch or split-level. There is no in-between inventory here the way there is in a growing suburb. There is old, there is scraped-and-rebuilt, and now, in one of the only projects of its kind this corridor has seen in a decade, there is a planned community offering something in between.

The Village at Landmark, By the Numbers

Here is what is actually confirmed about the project, straight from Century Communities and the design team at Godden Sudik Architects:

• 90 detached single-family homes on a 13-acre site south of The Landmark
• Two home collections ranging from roughly 3,280 to 4,500 square feet
• Basements, three-bay garages, private elevators, and rooftop living spaces standard across plans
• Pricing expected from $1.7 million to $3 million
• Model home construction starting later in 2026, with home sales anticipated to begin in spring 2027
• Walking distance to The Landmark's shops, restaurants, and entertainment, including Landmark Theatres, Comedy Works, JING, and Upstairs Circus, with nearby access to Club Greenwood and the regional trail system

Regional President Todd Baker summed up the scarcity angle himself at the groundbreaking, saying opportunities like this "simply don't come along often in Greenwood Village." The Denver Gazette's own coverage backs that up, framing the project as one of only a few single-family developments to reach the south I-25 corridor in the past decade.

One Median, Four Markets

Here is where the median price problem comes back in. Greenwood Village's housing stock splits into segments that behave nothing alike, and any single median blends all of them together.

A market tracker pulling a heavier sample from the DTC-adjacent condos in a given month will report a lower median. One pulling more estate closings will report a much higher number. Both are technically accurate snapshots. Neither tells you what a specific $1.4 million budget actually buys, because that answer depends entirely on which segment you're shopping in, not on the citywide average.

This is also why the incoming supply from The Village at Landmark will not touch the whole market evenly. At $1.7 million to $3 million, it lands squarely in the classic single-family core and reaches right up to the entry point of the estate tier. The attached DTC condo market and the entry-level homes near E-470 are not competing with these new builds at all.

What the City-Wide Data Confirms

The same kind of split shows up at the metro level, and it showed up again in last month's numbers. According to DMAR's July 2026 Market Trends Report, Denver Metro recorded 3,667 closed sales in July, down 11.81% from June and 5.68% from a year earlier. At the same time, luxury condo sales, meaning attached homes priced at $1 million or more, jumped 26.09% from June and 81.25% year over year, with 29 high-end condo sales in July compared to just 16 a year prior. You can review the monthly reports directly through DMAR.

That is the same pattern playing out at a much larger scale. A broad slowdown sitting right on top of a hot pocket at the top of the market. Anyone reading a single metro-wide headline number and applying it to a Greenwood Village decision is missing exactly the kind of segment behavior that made the July numbers newsworthy in the first place.

What This Means If You're Shopping the $1.1M to $1.6M Range

If your budget sits in that classic single-family core, the timeline matters more than it would in a segment with steadier supply. A resale seller with a home that has been on the market for a while has room to negotiate now. A builder taking reservations for a fixed-price community in spring 2027 does not. Neither approach is inherently better. But they are not interchangeable, and treating a Greenwood Village median price as a single number obscures the fact that you are actually choosing between two different kinds of transactions with two different amounts of flexibility.

For sellers in this same band, the calendar carries its own signal. Once The Village at Landmark opens sales next spring, buyers currently comparing a resale against a wait will have their new-construction option in hand. That changes the negotiating position on the resale side of the table, for better or worse depending on how a given listing is priced and presented.

FAQ

Will the new homes at The Village at Landmark push down resale prices in Greenwood Village? The project adds 90 homes priced between $1.7 million and $3 million, absorbed over multiple sales seasons starting in spring 2027. That is meaningful new competition inside that specific price band, but it is not the kind of volume that would be expected to move pricing across the entire city, including the sub-$800K attached segment or estate properties well above $3 million.

How long does a teardown-rebuild actually take in Greenwood Village? Individual custom builds on existing lots typically run 18 to 30 months from the time a lot closes to move-in, a timeline shaped by Colorado's tight construction labor market and material costs that have not returned to pre-pandemic levels.

When can someone actually buy a home at The Village at Landmark? Model homes are expected to begin construction later in 2026, with actual home sales anticipated to open in spring 2027, according to Century Communities.

Greenwood Village rewards buyers and sellers who look past the single number on a portal search and ask which segment that number is actually describing. If you're weighing a resale against next spring's new-construction timeline, or trying to figure out where your budget lands in a market this segmented, Christine Nottoli can walk through the current comparables with you. Schedule a Personalized Market Consultation to get a read on your specific price band before you decide which path makes sense.