Castle Rock CO Market Update - May 2017

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

 

 

 

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 May saw a serious increase over April's sales.  The under contracts have decreased and the inventory has increased, as the rest of the Denver metro area has overall.   We did see an early frenzy in sales with weather being very warm in February.  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 161 sales in April to 226 in May

Days on Market decreased from 9 to 7 days

Average Price decreased from $429,000 to $425,000

List Price/Sold Price remained the same at -  100% 

 

 

The highest sale was in Castle Pines Village and sold for $3,450,000 and was a custom home built in 2009 with 7 bedrooms, 10 bathrooms, and a 6 car garage.  This beautiful home has 11,427 total square feet and is located on 2.67 acres.  This home was on the market for 981 days.

 

  **Photo courtesy of REColorado

  

As of today there are 445 active listings (attached and detached homes) available in Castle Rock,which is an increase from 412 from end of May.   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 282 properties showing under contract, down from 313 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 (12)

Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good Morning Joan - those views of Castle Rock CO are really breathtaking.  Seven days on the market means buyers need your representation.

Jun 30, 2017 09:19 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

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

Jun 30, 2017 09:27 AM
Anita Clark
Coldwell Banker Access Realty ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Joan: That is a lot of sales. Good to see the brisk pace of the market in Castle Rock CO.

Jun 30, 2017 09:33 AM
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hi Joan -- I like that you include the population of Castle Rock.  This provides a basis of comparison for me to show the level of activity of similarly size cities in my market.   I'm assuming the Castle Rock has a fairly high level of home ownership versus renters.  Is that correct?    

Jun 30, 2017 12:18 PM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

The good views are driving the market. I know you are staying so very busy, Joan. Have a good holiday

Jun 30, 2017 09:00 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 in the loop about the Castle Rock community and real estate activity.

Jul 02, 2017 04:58 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, the views are spectacular, and homes are not lingering n the market.

Jul 03, 2017 06:51 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, the reports are viewed several times, so hopefully they find them valuable.

Jul 03, 2017 06:52 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Anita, sales are brisk, and inventory has increased a bit, but days on market are still very low.

Jul 03, 2017 06:52 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 that is a good question, and not sure where I would find that comparison.   We have apartments going up all along the train stations for commuters.

Jul 03, 2017 06:53 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, it has been pretty busy, business is really good! 

Jul 03, 2017 06:53 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, thanks for stopping by and commenting! 

Jul 03, 2017 06:54 AM

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