As we enter peak summer selling season, all signs point to a more balanced housing market in the days ahead, but not without some surprises. According to the latest mid-year market reports (MMR) from LIV Sotheby’s International Realty (LIV SIR), the Denver metro area continues to gain prominence in the national spotlight, with impressive price appreciation and sales taking place at mid-year 2018. The MMR compares mid-year 2018 statistics (January through June), to that of 2017, for single family homes and attached dwellings, giving us greater insight into where the market is headed.
In the Denver metro, the total number of homes sold January through June 2018 saw a slight decrease year-over-year, while an increase in total dollar volume sold of 6.7 percent was due nearly entirely from price increases – up 9.8 percent year-over-year, and attributing to Denver being ranked among the fastest growing real estate markets in the country.
Castle Pines Village Mid-Year Stats 2018
In Castle Pines Village, the average sold price increased from $1,081,210 in 2017, to $1,174,156 in 2018 – up 8.6 percent (January through June) compared to that of 2017. Reports indicate a 20 percent increase in sold listings for Castle Pines Village in June 2018 compared to the previous month of May, and a staggering 71.4 percent increase compared to the same month last year (June 2017) – a positive sign for sellers looking to make the most of their investment. As for new listings, Castle Pines Village saw a total of 34 listings in June 2018, compared to 24 in June 2017 – a 41.6 percent increase. Average days on market remains strong, posting a 12.9 percent decrease, from 155 days in 2017, to just 135 days in 2018 (January thru June).
Castle Pines Village Stats:
- Listed in June 2018 – 34
- Listed in June 2017 -24
- 41.6% increase in new listings in from June 17 to June 18
- Average Sold Price Jan 2017-June 2017 – $1,081,210
- Average Sold Price Jan 2018-June 2018 – $1,174,156
- 8.6% increase in average price from Jan-June 17 compared to Jan-June 18
- # of Homes Sold in June 2017 – 14
- # of Homes Sold in June 2018 – 24
- 71.4% increase in homes sold in June 18 compared to June 17
- # of Homes Sold Jan-June 2017 – 74
- # of Homes Sold Jan-June 2018 – 81
- 9.46% increase in # of homes sold in 2018 Jan-June compared to 2017 Jan-June
You can see featured properties currently available in Castle Pines Village market here, or contact me directly for off-market opportunities at 720-320-8901 and firstname.lastname@example.org. I have my finger on the pulse of what’s happening in the Castle Pines Village market, and have proudly served the neighborhood for over 30 years.
Castle Pines Village, located just 20 miles south of Denver, offers its residents the perfect balance of open space and urban living. With growing demand for its family-oriented golf lifestyle and fewer days on market, Castle Pines Village remains a desirable place to live, work, and play. Buyers should be prepared to act fast and make strong initial offers when they find something that checks all the boxes. Sellers should not be complacent either, as high quality and excellent condition homes are rewarded greatly in today’s marketplace.
If you are looking to sell your Castle Pines Village or Douglas County home for the highest possible price in the least amount of time, or locate the next right property in the Denver metro area, give me a call. I would be happy to assist you with any of your home buying and selling needs. To view LIV Sotheby’s International Realty’s mid-year market reports click here.