Castle Rock CO Market Update - February 2017

By
Real Estate Broker/Owner with House to Home, Inc. - Denver Real Estate - 720-231-6373 DRE# ER40011786

 

 

Castle Rock home sales

 

 

The Town of Castle Rock   is located about 30 minutes (29 miles) South of Denver and enjoys a small population of 56,962, 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 $134,148.    Castle Rock includes Castle Pines, and many rural farm areas outside the City limits.

 

The Castle Rock real estate market for the month of February reflected no change over January's sales.  The under contracts have increased dramatically and the inventory has increased.    With February's very warm weather, I believe it has put our market into a false sense of Spring and are seeing the brisk market early this year.   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 decreased from 102 sales in February to 102 in January

Days on Market decreased from 19 to 15 days

Average Price decreased from $392,500 to $435,000

List Price/Sold Price saw a decrease from 99.06% to 98.95%

 

 

The highest sale was in Castle Pines Village and sold for $3,000,000 and was a custom home built in 2008 with 5 bedrooms, 6 bathrooms, and a 3 car garage.  This beautiful home has 11,147 total square feet and is located on 1.11 acres.  This home was on the market for 106 days.

 

  **Photo courtesy of REColorado

  

As of today there are 310 active listings (attached and detached homes) available in Castle Rock, which is an increase from 256 from end of February.   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.

 

Views in Castle Rock CO

 

 

There are currently 288 properties showing under contract, significantly up from 256 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.

 

 

 

Comments (24)

Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Harry, hopefully buyers and sellers around Denver will find it useful! 

Mar 29, 2017 06:03 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Julie, Castle Rock is a quaint town, and has that small town feel.

Mar 29, 2017 06:03 AM
Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in Southern RI and beyond

Well the crazy weather in Castle Rock CO is definitely impacted sales, Joan...but spring is coming or so says the forecast!

Mar 29, 2017 06:04 AM
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Good morning, Joan -- the featured home in your post is certainly eye-catching. This is a good overview of the Castle Rock real estate market that hopefully will entice a prospective buyer or seller to contact you for additional information.    

Mar 29, 2017 06:49 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Ginny Gorman the weather in Castle Rock has been more "wintery" as the elevation is higher.   We may not see any snow where I live, but Castle Rock may see a foot!  

Mar 29, 2017 07:48 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Michael Jacobs I thought this home had a great look too, and thought it was a new build.   I know the agent that sold this one --- lucky girl!  

Mar 29, 2017 07:49 AM
Amanda S. Davidson
Amanda Davidson Real Estate Group Brokered By eXp Realty - Alexandria, VA
Alexandria Virginia Homes For Sale

Joan, I always enjoy reading your posts on Castle Rock and know you have represented many buyers and sellers in this area. Sellers sure are seeing a strong sale to list price ratio now. It's a great time for anyone considering listing their home for sale to contact you and learn about your marketing!

Mar 29, 2017 08:00 AM
Jim Crawford
Maximum One Executive REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR

Joan Cox, thank you for taking the time to prepare and share this Castle Rock market insight.  It is very beneficial for buyers and sellers alike to stay abreast of the market and its trends.

Mar 29, 2017 08:28 AM
Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes

Hey Joan, my boy tells me the largest mall in the country is going to be built in the area. I guess what the world needs is another shopping center...lol

Mar 29, 2017 09:18 AM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Thanks for sharing information about Castle Rock. I can see you know your market area.

Mar 29, 2017 07:39 PM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Joan.  Thanks for keeping us updated with the Castle Rock CO real estate market.

Mar 30, 2017 04:53 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Families moving to the area will appreciate your local real estate  market reports.

Mar 30, 2017 07:09 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good Morning Joan - thank you for the Market update for Castle Rock.  Looks like a growth area.

Mar 30, 2017 09:05 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Amanda, any city fairly close to the Denver metro area is seeing great home values and prices at or above list price.

Apr 02, 2017 07:11 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Jim, I do get many views on my market reports, so the buyers and sellers see what the market is doing in their area.

Apr 02, 2017 07:11 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Jeff, they are doing lots of building right off of I-25, and even added another exit.

Apr 02, 2017 07:12 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Debbie, this is my area of expertise, and in fact, will be in Castle Rock today to show one home.

Apr 02, 2017 07:13 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Gabe, love doing these market reports to know exactly what is happening! 

Apr 02, 2017 07:13 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Roy, thanks for your continued support! 

Apr 02, 2017 07:13 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Grant, there is lots of new construction going on in Castle Rock too!  

Apr 02, 2017 07:14 AM

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