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Candice's weekly housing market update Castle Rock

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Contributed by: Candice Ensign Remax Southeast on 7/7/2008

Median List Price THIS WEEK Real-Time Market Profile Trend
$ 520,000
Average Days on Market 145
Asking Price per Square Foot $ 157
Percent of Properties with Price Decrease 47 %
Percent Relisted (reset DOM) 28 %
Percent Flip (price increased) 4 %

The median single family home price in CASTLE ROCK this week
is $520,000.
Market Action Index* Cold! Buyer's 14
Median Number of Bedrooms 4.0
Median Number of Bathrooms 4.0
Median House Size (sq ft) 3568
Median Lot Size .25-.50 acre

With inventory trending up but days-on-market trending down and
the Market Action Index essentially flat recently, conditions don't seem
to have strong up or down pull.
* see below for details on the Market Action Index

PRICE
Despite this week's down tic, price trends have generally been moving
up lately.

The Market Action Index answers the question "How's the Market?" By measuring the SUPPLY AND DEMAND current rate of sale versus the amount of the inventory.

Local conditions are currently quite strongly in the Buyer's Market zone
(below 30). The 90-day Market Action Index stands at 14. With
several months of inventory available at the current sales rate,
buyers should find ample choice.

Index above 30 implies Seller's Market conditions. Below 30, conditions favor the
buyer.

Want to know the market in your zip code, don't hesitate to contact me:

Candice Ensign
Remax Southeast Inc.
303.517.5856
www.soldbycandice.net
candice@soldbycandice.net

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CONTRIBUTOR INFORMATION

Candice Ensign Remax Southeast

Denver , CO

Candice Ensign Remax Southeast has posted 6 stories and 0 comments since joining on 6/27/2008. Candice Ensign Remax Southeast's average story rating is 4.67.

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