Castle Rock, CO Real Estate News

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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By Marianne Bandy, CRS, GRI, Certified Negotiation Expert
(Bandy Homes)
When you pay your heating bill, the last thing you want to do is waste money.  The government doesn't want to you to waste energy either, so they are saying, "Don't throw your money out the window - buy new windows instead!" Thanks to the Obama Stimulus Bill, Denver homeowners can now receive energy credits of 30%, with a cap of $1,500, for installing more energy efficient windows and doors.  This credit, good through 2010, improves on a popular credit in effect in 2006-2007 by expanding the amount.  Besides windows and doors, the credit also covers insulation, water heaters, roofs, air conditioning, and biomass stoves.  For homeowners willing to convert to alternative energy sources such as geothermal heat pumps, solar water heaters, solar panels, fuel cells, and small wind energy syst...
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By Brian Burke, Broker & Advising Expert-Denver Luxury Real Estate
(Kenna Real Estate)
Homes for sale in Castle Pines Village Colorado139 Residential Detached Homes are for sale in Castle Pines Village, Colorado as of Aug 1st, 2009 4:30 pm. The average list price is $1,728,890. 42 of the homes for sale are listed for under one million dollars. The average listed price per square foot is $422/sq ft. The average days on the market of the homes for sale in 328, ranging from a low of two days to high of 1145 days on the market. Three new listings came on the market in July in Castle Pines Village.  As of Aug 1st, 2009 Castle Pines Village JUL 09 Active Listings 139 New Listings 3 All Pending sales 5 New Pending 2 Lowest List Price $500,000 Highest List Price $6,800,000 Lowest Price/sq ft $167/sf Highest Price/sq ft $1193/sf New indicates new for the category for that particul...
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By Brian Burke, Broker & Advising Expert-Denver Luxury Real Estate
(Kenna Real Estate)
Homes for Sale in Castle Rock - June 09Residential Detached Homes, Castle Rock, Douglas County, Colorado 80104, 80108, 80109 As of Jun 30th, 2009   MAR 09 APR 09 MAY 09 JUN 09 Active Listings 1005 951 949 914 New Listings (in June) 200 139 193 168 All Pending sales 162 162 107 197 New Pending (in June) 100 101 64 123 Lowest Listed Price $125,000 $95,000 $95,000 $95,000 Highest Listed Price $6,800,000 $6,800,000 $6,800,000 $6,800,000 Lowest Price/square foot $76/sf $86/sf $63/sf $89/sf Highest Price/square foot $1193/sf $1193/sf $1193/sf $1193/sf Houses for sale in Castle RockForeclosures in Castle RockNew Construction Homes for sale in Castle RockTown homes and Condos for saleHOMES FOR SALE in Castle Rock by ZIP CODE JUNE 09 80104 80108 80109 Active Listings 283 417 204 New Listings (in...
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By Mike Hendren
(Mike Hendren Photography)
Photo © Mike Hendren 2009   Stream near Gothic, Colorado, just a little north of Crested Butte.
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By Mike Hendren
(Mike Hendren Photography)
I really like the photo sharing website, Flickr.    I know there are lots of different photo websites available and I'll admit I'm not very familiar with any of the other ones, but I'd just like to share why I like Flickr. It's FREE!  However, I suggest the "Pro" account for $25 / year because it gives you more bandwidth and some other nice capabilities. You can Blog straight from Flickr to several sites like Blogger and Wordpress.  (unfortunately, not to Activerain)  But then, it is a simple process to cut and paste it into Activerain if you want it here, too. There are specific groups dedicated to bloggers where you can post your images with links to your blog. Opportunity - I've already had contact with someone who commented on one of my photos and shared the fact that they were movi...
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By Mike Hendren
(Mike Hendren Photography)
I'm building a new home and I want to install an alarm system. I think I want something more than just the sign that says, "Home Security Provided by Colt"!  (Even though Colt will definitely be on the premises!  :-) We'll be located off the beaten path so I would like to install a monitored alarm system and would be very interested in your advice. The only two companies that come immediately to mind are ADT and Brinks, and I'm sure there are other good ones.  I lean toward ADT because they are the one recommended by my insurance company, USAA.  After 38 years with USAA, I trust them - but I trust friends more.     So, if any of you have personal experience with these companies (or someone else), I would sure appreciate your opinion. Thanks, Mike [Please - no company reps trying to sell...
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By Mike Hendren
(Mike Hendren Photography)
JOTT is one of those really cool little applications for the iPhone (maybe other phones, too - I don't know) that can be a true productivity tool. I frequently use it to leave myself notes while driving - be sure and check your local laws about cell phone usage while driving before doing this one. :-) What it does is allow you to dictate a short message to your phone, which is then uploaded to the JOTT website where their people convert it to text.  In a few minutes, it is back on your phone as a text note.  But, it is even better than that - your notes are also available on your JOTT website, and can also be synced with their free computer application on a PC or a Mac.  Their voice to text isn't perfect so another nice feature is the ability to edit your notes anywhere - phone, compute...
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By Mike Hendren
(Mike Hendren Photography)
POWERHOUSE REAL ESTATE GROUPS  FORM PARTNERHIP (Denver, CO – April 23, 2009)  Two long-time Denver real estate leaders today announced the formation of a new partnership and a new vision for the future of the local real estate industry.  Prestige Real Estate Group and RE/MAX Professionals are becoming RE/MAX Professionals: Colorado's most Prestigious Real Estate Company (www.prestigiousdenverhomes.com). As one entity, they will offer their customers the experience and expertise needed to navigate today's housing market. "Both of these companies have individually earned many coveted industry awards and accolades," said Rob Terranova, Mountain States Regional Vice President, RE/MAX International.  "This partnership is a joining of two very strong companies into one great company." The ne...
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