Here is my update of the Castle Rock residential real estate market by sale price range. For this analysis I pulled single family home sales from January 2009 to April 2009 and active inventory levels from May 17th 2009. The majority of sales in Castle Rock are under $500,000 with $200,000 to $299,999 price range posting the largest number of sales year to date, 72. Home priced under $200,000 have an average sold days on market of 62 days with an absorption rate of 5.5 months. The over a million market is facing very difficult times with absorption rate ballooning to 89 months and average sold days on market at 515. Please comment on what you are personally seeing in the Castle Rock market below.
| Price Range | # Sold YTD | Avg Sold DOM | Current Inventory | Absorption Rate (in months) |
|---|---|---|---|---|
| Under 200,000 | 28 | 62 | 55 | 5.5 |
| 200,000 - 299,999 | 72 | 84 | 204 | 7.8 |
| 300,000 - 399,999 | 61 | 118 | 219 | 9.1 |
| 400,000 - 499,999 | 38 | 110 | 116 | 8.9 |
| 500,000 - 599,999 | 14 | 164 | 65 | 13.0 |
| 600,000 - 749,999 | 13 | 156 | 104 | 52.0 |
| 750,000 - 999,999 | 15 | 177 | 129 | 32.3 |
| Over 1,000,000 | 10 | 515 | 178 | 89.0 |
Based on Information from Metrolist, Inc. for the period Jan 2009 through present.Metrolist, Inc. Note: This representation is based in whole or in part on data supplied by Metrolist, Inc. does not guarantee nor is in any way responsible for its accuracy. Data maintained by metrolist, Inc. may not reflect all real estate activity in the market. This information is not guaranteed.
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