Castle Rock CO Market Update - June 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 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 June saw a slight dip in sales over May's sales.    The under contracts have increased and inventory has decreased slightly.   We did see an early frency in sales in early spring and summer, but has leveled off.   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 hOue to Home, Inc.

 

Sales decreased from 226 in May to 220 homes in June

Days on Market decreased from 7 days in May to 6 days in June

Average Price increased from $425,000 in May to $432,500 in June

List Price/Sold Price remained at 100%

 

The highest sale in Castle Rock sold for $3,600,000 and has 38 acres with lots of potential.   It was sold in 36 days and the home was built in 1968 and had 3 bedrooms, 2 bathrooms and  a six car garage.

 

** photo courtesy of REColorado

 

As of today there are 439 active listings (attached and detached homes) availabe in Castle Rock, which is  a slight decrease from 445 this time in 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.

 

There are currently 300 properties showing under contract, which is an increase from 282 this time in May. 

 

If you would need more information about the Town of Castle Rock, please give me a call at 720-231-6373.

 

 

Comments (20)

Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You always provide good information about your housing market. Thank you for sharing 

Jul 28, 2017 03:47 AM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good morning Joan Cox .

Thank you for your real estate market report on Castle Rock, Co. This is excellent information for buyers and sellers thinking of making a move in Castle Rock.

Jul 28, 2017 04:39 AM
Amanda S. Davidson
Amanda Davidson Real Estate Group Brokered By eXp Realty - Alexandria, VA
Alexandria Virginia Homes For Sale

Good morning Joan, another excellent market update for the Castle Rock community. I'm convinced from reading your posts over the years that you know every nook and cranny of this neighborhood. Buyers and sellers will be in the best hands when working with you for their Castle Rock real estate needs.

Jul 28, 2017 04:53 AM
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 about the real estate market in the Town of Castle Rock, CO.

Jul 28, 2017 04:56 AM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Joan. Thanks for the update on the Town of Castle Rock. Enjoy your day!

Jul 28, 2017 05:26 AM
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Good morning, Joan -- hmm 29 miles in 30 minutes....just another example of location making a difference.  Depending on time of day in my area --- that trip might be an adventure that involves taking along a meal.    By the way -- nice overview of the Castlerock real estate market.  

Jul 28, 2017 06:19 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

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

Jul 28, 2017 07:16 AM
Anita Clark
Coldwell Banker Access Realty ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Joan: The numbers of days on market is incredible for Castle Rock homes for sale. This must be a highly sought after area.

Jul 28, 2017 11:11 AM
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Joan

The Castle Rock Colorado held steady in June 2017.

Good luck and success.

Lou Ludwig

Jul 28, 2017 08:13 PM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Inventory pressures are having an impact on sales and making it harder on buyers. Thanks for sharing about Castle Rock.

Jul 28, 2017 09:03 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Gita, hopefully it helps someone looking in the area! 

Jul 29, 2017 07:06 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Dorie, I love doing these reports, as it updates me on specific markets.

Jul 29, 2017 07:07 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, LOL, most neighborhoods after all these years!   Thank you for your support.

Jul 29, 2017 07:08 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, I find it interesting to read market reports from all over the Country.

Jul 29, 2017 07:08 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Wayne, thank you for stopping by and commenting!  

Jul 29, 2017 07:09 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 had to laugh, and have driven in LA, and this is so true!    In fact in Denver if you drive this road during rush hour, there could be accidents that increase this time!  

Jul 29, 2017 07:10 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, hopefully buyers and sellers find this information useful.

Jul 29, 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

Anita, it is highly sought after, as it is a bit out of town, and a cute town! 

Jul 29, 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

Lou, sales are very steady in Castle Rock! 

Jul 29, 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, our inventory shot up in May, easing some of the multiple offers seen earlier this year.

Jul 29, 2017 07:13 AM

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