Highest Listing This Week for a Penthouse in SoHo! Can you quess how much ?!!?? .......$65 MILLION= 8000sqft + 4Beds + 6Baths The kitchen reminds me of a
CASTLE ROCK HOUSING ACTIVITY REPORT WEEK ENDING MARCH 12TH
The CASTLE ROCK HOUSING Market Activity week in Review for March 6th through March 12th 2017 shows activity in the Castle Rock residential housing market by tracking the status of homes across different stages of the home sales cycle. There are 5 stages tracked in this report. New Listings are homes that are new to the market, they can be pre-existing homes or new builds. Homes Under Contract are homes in which the seller has accepted an offer from a buyer and both parties are bound to the terms of the contract. Homes Sold are home that have passed through the closing process and have a new owner. Withdrawn Listings are homes that are temporarily off the market, these homes may or may not return to an active state. Expired Listings are homes that did not sell during their contracted listing period and are no longer for sale.
The number of newly listed homes in Castle Rock increased a bit from the previous week with 39 homes hitting the market. Sellers that accepted an offer from a buyer and changed from an active status to an under contract status remained flat this week. There seems to be a bit of a trend over the last week where homes leaving the market by virtue of an accepted offer is equal to or greater than the number of newly listed homes being released to the market. This could indicate the inventory may be getting even tighter.
If you are planning on taking advantage of the early season inventory shortage to help sell your home faster,you need to think about getting your home on the market as soon as possible. Call me! I can have a plan in place to get your home on the market as soon as today!
Homes sold in Castle Rock this past week dropped by 36% compared to homes sold the previous week. This could be an indication buyers are being a bit more scrupulous knowing that the spring season is just around the corner and along with it will be many more homes to choose from.
The average number of days on the market for the homes that sold in Castle Rock during the week was 27.5, there were 3 homes in particular that skewed the scale by each taking 180 or more days to accept an offer. Removing those outliers from the equation results in an average of 12 days on the market for homes sold this week in Castle Rock. Homes priced correctly are still moving fast. Seller need to be prepared in the event you get an offer immediately. Buyers will want to have everything ready to go, if you are not already pre-approved for a mortgage, do yourself a favor and meet with a lender today!. Cash buyers will need to have proof of funds ready when submitting that offer.
Expired listing dropped by a few, but the number is so low it is relatively insignificant. Sellers are still taking advantage of inventory shortages with modestly inflated asking prices. Be sure to consult with your agent on proper pricing in your neighborhood. No seller wants to be a statistic in the Expired category.
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Dave Evensen - Broker Associate / REALTOR® - (303) 877-6775
Dave Evensen is a real estate agent servicing Denver, Littleton, Highlands Ranch, Lone Tree, Castle Rock and surrounding areas. Dave attended Metropolitan State College and the University of Northern....