Castle Rock CO Market Update - June 2016
The Town of Castle Rock is located about 30 minutes (29 miles) South of Denver and enjoys a small population of 53,063, 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 June reflected an increase over May's sales, showing the market was still strong. The under contracts have decreased today and inventory has increased, so we are now seeing a slight slowdown in the market, which is normal this time of 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 increased from 200 sales in May to 222 in June
Days on Market increased from 7 to 8 days
Average Price increased from $412,000 to $419,371
List Price/Sold Price saw no change and remained at 100%
The highest sale was in Castle Pines Village and sold for $2,300,000 and was a custom build in 2007, has 5 bedrooms, 8 bathrooms, and a 4 car garage. This beautiful home has 8,955 total square feet and is located on 1.1 acres. This home was on the market for 163 days.
**Photo courtesy of REColorado
As of today there are 536 active listings (attached and detached homes) available in Castle Rock, which is another increase from 516 from end of June. 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 296 properties showing under contract, down from 320 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.