Castle Rock CO Market Update - March 2016
The Town of Castle Rock is located about 30 minutes (29 miles) South of Denver and enjoys a small population of 51,348, which has inched up about 1,000 per year. Elevation of Castle Rock is 6,202 feet above sea level. The median age is 33, and median household income is $85,933. Castle Rock includes Castle Pines, and many rural farm areas outside the City limits.
The Castle Rock real estate market for the month of March reflected an increase over February's sales, showing the spring buying season is in full swing. These stats include Castle Pines and Castle Pines Village, single family detached homes as well as multi-family homes, courtesy of Joan Cox, Metro Brokers House to Home, Inc.
Sales increased from 139 sales in February to 156 in March
Days on Market decreased from 24 to 9 days
Average Price increased from $395,000 to $397,260
List Price/Sold Price increased from 99.41% to 100%
There was no short sales sold nor any bank owned foreclosures sold.
(Distressed sales are very minimal as home values have increased substantially over the last couple of years.)
The highest sale was in Diamond Ridge and sold for $1,400,000 and was a custom build in 2000, has 5 bedrooms, 5 bathrooms, and a 4 car garage. This beautiful home has 7,016 total square feet and is located on 1.41 acres. This home was on the market for 191 days.
**Photo courtesy of REColorado
As of today there are 448 active listings (attached and detached homes) available in Castle Rock, which is a huge increase from 372 from end of March. You can use this link to see homes for sale in Castle Rock. This link for active listings will give you attached and detached homes.
There are currently 334 properties showing under contract, up from 279 last month. Want to know more about the Town of Castle Rock, this link will give you more information about the Town of Castle Rock, and amenities, government, what is available when visiting, parks and recreation.
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