Market Report
New Castle, CO 81647
Single-Family Homes
www.titlecorockies.com
New Castle, CO 81647
Tue Nov 13 2018
This week the median list price for New Castle, CO 81647 is $516,900 with the market action index hovering around 37. This is less than last month's market action index of 38. Inventory has held steady at or around 29.
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
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
Real-Time Market Profile
| Median List Price | $516,900 | |
| Per Square Foot | $210 | |
| Days on Market | 157 | |
| Price Decreased | 38% | |
| Price Increased | 0% | |
| Relisted | 10% | |
| Inventory | 29 | |
| Median House Rent | ||
| Most Expensive | $3,300,000 | |
| Least Expensive | $258,000 | |
|
Market Action Index
Slight Seller's Advantage |
37 |
We continue to see prices in this zip bounce around these current levels. Look for a persistent change in the Market Action Index before we see prices deviate significantly from here.
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 |
|---|---|---|---|---|---|---|---|---|
| $675,000 | 4,643 | 5 - 10 acres | 4 | 3 | 12 | 0 | 0 | 275 |
| $580,000 | 3,636 | 0.25 - 0.5 acre | 4 | 3 | 13 | 0 | 0 | 114 |
| $448,999 | 1,957 | 0.25 - 0.5 acre | 3 | 2 | 11 | 1 | 0 | 118 |
| $316,500 | 1,669 | 6,500 - 8,000 sqft | 3 | 2 | 19 | 1 | 3 | 126 |