First Integrity Title Market Report

Castle Rock, CO

Condos/Townhomes

www.FirstIntegrityTitle.com | 303.837.9171



Castle Rock, CO

Tue Feb 19 2019
This week the median list price for Castle Rock, CO is $415,000 with the market action index hovering around 42. This is less than last month's market action index of 44. Inventory has held steady at or around 27. Click here to stay informed with the Castle Rock market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Castle Rock, CO

Tue Feb 19 2019
This week the median list price for Castle Rock, CO is $415,000 with the market action index hovering around 42. This is less than last month's market action index of 44. Inventory has held steady at or around 27. Click here to stay informed with the Castle Rock market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Castle Rock market.
Median List Price $415,000
Per Square Foot $195
Days on Market 84
Price Decreased 11%
Price Increased 7%
Relisted 4%
Inventory 27
Median Apartment Rent $1,616
Most Expensive $889,990
Least Expensive $260,000
Market Action Index
Slight Seller's Advantage
42

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$767,000 3,811 0 - 4,500 sqft 3 3 12 0 0 110
$420,273 2,738 0 - 4,500 sqft 3 2 1 1 0 122
$388,272 1,853 0 - 4,500 sqft 3 2 1 2 0 71
$274,500 1,610 0 - 4,500 sqft 2 2 14 2 3 39