Castle Rock, CO Real Estate News

By Brian Burke, Broker & Advising Expert-Denver Luxury Real Estate
(Kenna Real Estate)
Castle Rock Home Sales Market Reportfor zip code 80108 Dec 2009 - residential detached homes29 Homes sold in Castle Rock 80108 in December. Sold prices ranged from $147,000 to $2,795,000. Price per square foot ranged from $98 to $483 per square foot. Two houses sold for just over half of the original listing price. Both of them were luxury homes. E.g. house that was originally listed for $4,000,000 sold for $2,200,000.Home Sales Castle Rock CO 80108   Dec 09 Closed Sales 29 Average Sales Price $705,362 Average Price per Square Foot $239 Average Days on Market 250 Percent of Original List Price 79.7% 80108 Market Sold  Dec. 2009 ~ 29Active Listings Jan 10, 2010 ~ 369Pending Jan 10, 2010 ~ 42 Homes for sale in Castle Rock If you have any questions or would like a custom Market Report for ...
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By Kathy Torline, Colorado Springs Real Estate Blog 719-287-1049
(ERA Herman Group Real Estate)
Popcorn Ceilings gotta go Search for Colorado Springs Homes Related post:  The pictures tell the story One of my least favorite features in a house is a popcorn ceiling; and many of my clients who are looking at buying seem to feel the same way.   They are many reasons to get rid of it, but here's my top reasons: It's dingy If it's not painted,it fades It can get stained easily It can start flaking off It attracts cobwebs, dirt, and soot It's the mark of an older home AND, most importantly it's ugly Some Realtors (including myself) think popcorn removal is one of the best improvements to do to a house before selling. Here's some important steps to keep in mind The most important step before you start ............ have your ceiling tested to see if it contains asbestos, banned in the lat...
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By Mike Hendren
(Mike Hendren Photography)
Last night, the "blue moon" heralded what for me was a near perfect end to 2009 - delicious food, terrific wines, and the wonderful company of close friends.  Today, revealed a beginning to 2010 that was just as good - more great food and time spent with family and friends - all in the context of a truly beautiful day.  It really doesn't get any better! Resolutions?  For me - not really.  Just the determination to make the coming year better as I hope we all strive to make each new day a little bit better than the last one. "Once in a blue moon" - There are several definitions.  They vary from the 3rd full moon in a season that will have 4 full moons, to the 13th full moon in a calendar year, to the most accepted which is a 2nd full moon in a given month. Last night, we were treated to...
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Homeowners, if you are in financial distress and fear you may lose your home to foreclosure, please contact a Realtor® in your area who is an expert in distressed properties.  They may be able to help you avoid foreclosure.  As you can see from the following tables, foreclosure has much more drastic and long term financial consequences than a short sale does. This document is available HERE in its entirety (including footnotes) as a pdf file.  
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By Mike Hendren
(Mike Hendren Photography)
I've found a brand new website that is just photography tutorials of all kinds.  The website is Photogler.com It was founded by Andy Beal who picks the images for the site from those put in his group on Flickr, "Photogler".  It's only been going for a couple of months now, but every couple of days, Andy adds an image with descriptions of techniques used by the photographer.  It's a great place to go to learn new techniques and also to get ideas for your next photo shoot! Who knows - you just might see something there from someone you know.  :-)  
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By Mike Hendren
(Mike Hendren Photography)
This November's sold data outperformed, 2008, 2007 and 2006 in the number of single family and condo units closed for the month.  This is the first time in four years that we have seen a month outperform several years prior for the same period.  Of course, the $8000 Tax Credit, low interest rates and increased consumer confidence because of low housing prices fueled this years November closings. Additionally, the current number of Denver listings is at the lowest level for December in more than 5 years.  These low inventory numbers are in both single family homes and condominiums.  The continued decrease in listing inventories has continued now for 4 years and should continue to put pressure on buyers as competition for available homes increases - resulting in increasing prices.  So fa...
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By Brian Burke, Broker & Advising Expert-Denver Luxury Real Estate
(Kenna Real Estate)
Castle Rock Real Estate ~ Bank owned, Builder and other home sellersOctober 2009 66% of home sellers in Castle Rock in October were individual owners. 19% of sold homes were bank owned properties. The price per square foot of bank owned properties maxed out at $127/sf, unlike in 2008 when the price per square foot went from under $100/sf to over $200/sf - yes, for the bank owned homes. A few of the bank owned homes were sold in The Meadows and in Maher Ranch subdivisions in Castle Rock. Six of the 72 homes sold in Castle Rock in October were new construction, sold by builder. In October 2008 60% of Castle Rock home sellers were individual owners. 24% of homes sold in October of 08 were bank owned properties. For comparison bank owned homes in Highlands Ranch were at 12% in October 2008 ...
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By Brian Burke, Broker & Advising Expert-Denver Luxury Real Estate
(Kenna Real Estate)
Short Sale - Home for sale in Diamond Ridge in Castle Rock Custom home in a stunning location in Diamond Ridge Castle Rock, CO 80108. Absolutely spectacular mountain views and amazing views of the town of Castle Rock from this property. The home is sold AS-IS and is a short sale.5 bedrooms, 5 bathrooms6729 Finished square feet3-car garageYear Built 2000Lot size: 1.4 acresOffered at $890,000 Buyer to verify all information. Mold and structural problems may be present. Please call Listing agent Brian Burke for details and available reports before writing an offer. 303.710.2609 direct. More details and photos of 5499 Sunstone Ln Listing Agent: Brian Burke, Broker Kenna Real Estate 303.710.2609 Direct 303.955.4220 Office KennaRealEstate.com Disclaimer: Buyer to verify all information includ...
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By Mike Hendren
(Mike Hendren Photography)
Information courtesy of Jack O'Connor, Re/Max Professionals, LLC.All data taken from Metrolist, Inc, on Nov. 6, 2009.  Denver, Colorado. We had a great October, with sales outperforming the previous years numbers for the first time in 5 YEARS!  The number of homes sold also nearly matched that from 2006. One of the reasons cited for this positive market, is of course the First Time Home Buyers Tax Credit.  However, what has happened in addition to that (or maybe because of it) is the listing inventory is down considerably.  The number of single family homes and condos currently listed is about 35% less than what was on the market in 2006, and about 18% below last year's numbers.  What this means to buyers AND sellers is that with fewer homes on the market, there should be more competiti...
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By Brian Burke, Broker & Advising Expert-Denver Luxury Real Estate
(Kenna Real Estate)
Luxury Homes for sale in Castle Pines Village172 Homes are for sale in Castle Pines Village, Colorado as of Nov 3rd, 2009. The listing prices range from $420,000 to $6,800,000. 65% of the homes for sale have been on the market for more than 6 months. 38% more than a year. 13 new listings came on the market in October in Castle Pines Village. The number of houses on the market has increased since July and home sales have not picked up - it's pretty slow going. Why? Most of the homes for sale in Castle Pines Village are luxury homes with price tags of over one million dollars. Luxury home sales in Denver area in general have significantly slowed down since Nov 2008 and Castle Rock is feeling it too. Homes for Sale in Castle Pines Village ~ The numbers July 09 vs. Oct 09 JULY 09 OCT 09 Act...
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By Brian Burke, Broker & Advising Expert-Denver Luxury Real Estate
(Kenna Real Estate)
Homes for Sale in Castle Rock COResidential Homes for sale in Castle Rock, Douglas County, Colorado.As of Nov 3nd, 2009 there are 846 Homes for sale in Castle Rock Colorado. The listing prices range from $109,900 to $6,800,000. The price per square foot goes from $75 to $1193 per square foot. 150 houses are currently pending sale (under contract). 132 new listings came on the market in October 09.Search Homes for Sale in Castle RockSearch Homes for Sale in Castle PinesHOMES FOR SALE in Castle Rock by ZIP CODE 80104 80108 80109 Active Listings 271 401 174 New Listings (in Oct) 44 41 47 All Pending sales 69 49 32 Lowest Listed Price $109,900 $209,999 $189,000 Highest Listed Price $4,800,000* $6,800,000 $3,995,000 Lowest Price/square foot $75 $89 $95 Highest Price/square foot $648 $1193 $7...
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By Brian Burke, Broker & Advising Expert-Denver Luxury Real Estate
(Kenna Real Estate)
Castle Rock CO Luxury Homes for saleResidential Luxury Homes for Sale in Castle Rock Colorado ~ Nov 1st, 2009 There are 152 luxury homes for sale in Castle Rock (as of Nov 1st) The highest listing price is $6,800,000 The lowest price per square foot $197 The highest price per square foot $1320 The longest a house as been listed (days on market) 1320 days Many of the luxury homes for sale are in Castle Pines Village gated community Search Castle Rock Luxury Homes for sale*Disclaimer: Data based on information from Metrolist, Inc.  Metrolist Inc. does not guarantee nor is any way responsible for its accuracy. Content maintained by Metrolist Inc. may not reflect all real estate activity in the market. Information is deemed reliable but not guaranteed. Reported sales were not necessarily li...
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By Mike Hendren
(Mike Hendren Photography)
So . . . How's the Market in October, 2009? According to Jack O'Connor, an Owner/Broker of Re/Max Professionals, LLC, our market is showing signs of turning around.  The statistics show that Sept., 2009, actually had more sales close than in Sept., 2007, and the number of properties under contract is at the highest level (for October) in 5 years. Another very positive indicator is that the current number of active listings is at the lowest level in the last 5 years as listing inventories continue to decline.  This has decreased the average time on the market to less than 100 days and should help prices begin to increase. It's not all good news yet as the better performing segments are still in the lower price ranges below $300,000. If you do consider selling your home, there are some th...
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By Brian Burke, Broker & Advising Expert-Denver Luxury Real Estate
(Kenna Real Estate)
Castle Rock Home Sales (starting at $500,000)Castle Rock home sales in the higher price ranges have been slower than last year (2008). Homes are selling better at prices closer to $500,000. When going over one million dollar price tag - sales have been crawling in the last few months. In September 21 homes sold in Castle Rock $500,000 and above. The Highest sold price was $935,000. Median Sold price in September was $659,900. Currently there are over 400 homes for sale in Castle Rock with a listing price at $500,000 or more.Homes in the price ranges above $500,000 are seeing some fluctuations monthly on average days on market. In August the average was 404 days, in Sept. 242. But overall the trend is a slight increase in Days on Market. 20% of the sold homes in Castle Rock in 2009 were ...
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By Mike Hendren
(Mike Hendren Photography)
Photo © Mike Hendren, 2009 There's a cold front headed our way and the wind is really blowing, today.  This could be one of your last chances (here in Denver) to fly a kite before winter gets serious around here, so get out the string and the kite, put a tail on it, and be prepared to hang on tight!  The weather should cooperate with you since it's supposed to be windy and the temperature in the 80's.  Have fun!   Oh yeah - don't forget - - no talking - - - it's Wordless Wednesday!  :-) 
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By Mike Hendren
(Mike Hendren Photography)
  S O L D  ! 7484 Carey Lane in Castle Pines North This beautiful home was the builder's model and was only on the market for about 10 weeks! Then, it sold for over 98% of the listed price. As mentioned in my recent post, "Denver Real Estate Market Update", this price range is experiencing a surge in sales activity, resulting in increasing prices and less time on the market. For a market analysis on your home, please call me at 303-503-1101, or go to my website at www.MikeHendren.com and send me an email.  
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By Mike Hendren
(Mike Hendren Photography)
Information courtesy of Jack O'Connor, Re/Max Professionals, LLC.All data taken from Metrolist, Inc, on September 7, 2009.  Denver, Colorado.Lower priced homes continue to drive our market with a low supply which should lead to some price increases in those price ranges below $250,000. Single Family Homes priced from 0-$250,000 have a 3.569 month supply of homes as of September 7, 2009 Single Family Homes priced from $250,000 to $500,000 have an 8.185 month supply as of September 7, 2009.  This price range is starting to shrink slowly. Single Family Homes priced from $500,000 to $750,000 have a 19.127 month supply of inventory as of September 7, 2009. Single Family Home priced from $750,000 to $1 million have a 30.77 month supply of inventory. Single Family Homes priced above $1 million...
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By Mike Hendren
(Mike Hendren Photography)
I've been looking for a good website to host my images. I think I've found it in Zenfolio. I wanted one that offered lots of storage of full sized images, reliable printing services, and a front end for selling prints.  I did a lot of research in magazines and on the web, reading forums, articles, and reviews and Zenfolio was one that seemed to almost always get favorable mention.  What tipped the balance for me though, was the fact they use Mpix for their primary print service.  Mpix is also used by well known photographer, author, and magazine editor, Scott Kelby. I've had two prints made, a normal 8x12 print and a 16x24 gallery wrap canvas print.  Both were very well done, but the gallery wrap really impressed me.  The print was perfect and it was wrapped on a frame that was about 1...
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By Mike Hendren
(Mike Hendren Photography)
Well, I did it - I finally got professional help - - - help with my real estate website!  I'm not even sure if it's a real word, but I call my site 'Search-Centric' because of the amazing real estate search tools available there.But first, I need to give credit to Doug Greene at ProAgentWebsites.com for putting out this great hosting site for real estate agents.  He has done a great job of putting together a hosting platform that is very easy to setup and use and yet offers some very powerful search capabilities.  Also, it seems reasonably priced and, best of all, no long term contract or set-up fees.Probably the first thing you notice when you go to my home page is the map, front and center.  This particular map is centered on Douglas County in Colorado and actually shows you where ho...
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