Home Community News Castle Rock Housing Market on the Upswing

Castle Rock Housing Market on the Upswing

473
0
SHARE
Castle Rock, Colorado
Castle Rock, CO - Photo by CRCO
Castle Rock, Colorado
Castle Rock, CO – Photo by CRCO

Longtime residents of Castle Rock have been the first to witness the significant growth of the town.  According to the Annual Growth and Development Report given to the Denver Regional Council of Governments (DRCOG), Castle Rock reported a 121.69 percent increase in the population since 2000. These are pleasing numbers to those looking to sell their home because of high demand.

Over the past six months houses have been selling well in Castle Rock,” comments Sabina Kier, Realtor at Cherry Creek Properties in Castle Rock. She has likewise observed housing prices increase and rebound from a slight lull earlier this year. However, with the start of the school year, Kier notes that not as many buyers are out looking at this time.

But after winter months, she expects to see another surge in home sales. “Spring will be a good time for sellers to put their houses on the market again,” she advises. This trend is typically seen by realtors when warmer weather approaches and people begin to search again.

And with the population growth and desirable economy of our town, housing prices are expected to continue rising. The real estate website, Zillow, lists the current medium price of a Castle Rock home at $415,000, with a median value of $336,800.  This data serves to make buyers smile, lending them some wiggle room when putting in an offer for a new home.

For more information about Castle Rock, please visit the town’s website at www.crgov.com.