Castle Pines (Castle Rock, CO)
By Brian Petrelli, MBA, GRI
(The Brian Petrelli Team - Metro Brokers)
It's been a busy week for our team with several clients interested in Castle Pines Castle Rock Homes. With the ongoing surge in demand for Castle Rock Homes, we are searching the MLS every day for new listings and updating our clients on recent sold prices. We know the challenging market is creating a rough time for many buyers. We wanted to share some of the most recent statistics here.Here are some of the Market Highlights: There are 102 active Castle Pines Homes on the market. There are 351 active Castle Rock Homes on the market. Under contract Castle Pines Homes on the market: 36. Under contract Castle Rock Homes on the market: 343. There are 1 Castle Rock foreclosures on the market. Average prices decreased $12,553.00 over the last year from $915,525 to $902,972. We will continue t...
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By Marianne Bandy, CRS, GRI, Certified Negotiation Expert
(Bandy Homes)
Douglas County is midway between Denver and Colorado Springs, and is home to Castle Rock, Colorado. More than 30,000 residents are proud to call Castle Rock home. Beyond the fact that Douglas County is one of the fastest growing counties in the country, Castle Rock has not lost its small-town appeal. Castle Pines is an elegant community located to the northwest of Castle Rock which is built around a top-rated golf course. Surrounded by lush green lawns, pine trees, and beautiful flowers along the rolling hills, Castle Pines is a wonderful place to call home. There are two communities here: Castle Pines Village and Castle Pines North. In Castle Pine Village, there are about 1,500 homes, and over 3,100 homes in Castle Pines North. Prices of homes range from $400,000 to $10 million. There ...
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By Brian Petrelli, MBA, GRI
(The Brian Petrelli Team - Metro Brokers)
In one of our posts last week, we mentioned Bryon Self and his over 15 years of experience helping people find rent to own homes in Denver. What we failed to mention was his area expertise and knowledge for Castle Rock and Castle Pines homes. Bryon and his family live in the area, and his knowledge of the entire Castle Pine homes neighborhood is second to none. If you are considering moving to the area, or would like more information about the schools, parks or nearby activities, just give him a call at 303-990-9320. You can also read more about him and the area at his Castle Pines Homes blog. Castle Pines Homes Statistics: Count 161 0 0 0 0 Avg Total DOM 240         Median Total DOM 190           Average List Price $1,089,352         Median List Price $775,000           Average Price/S...
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By Gene Elzenberger
(Your Castle Real Estate)
Investing in Real Estate 9 - Scrapes, Pops and New Construction This blog will discuss a type of real estate investment, scrapes, pops and new construction, in the Castle Pines area in Denver.   What this investment is:  Purchasing a small home in an expensive neighborhood that may or may not need work.  The home is bulldozed and a new home or duplex is put on the lot.  Alternatively, the existing home is renovated and more square footage is added on.  A pop-top is adding a second story to an existing home to add more square footage (commonly, a master bedroom suite).   Equity needed:  Being able to document your income and your assets will be critical.  For a commercial loan, your net worth should generally be at least as much as the loan you are seeking.  The good news is that the com...
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By Gene Elzenberger
(Your Castle Real Estate)
Investing in Real Estate 8 - Condo Conversions This blog will discuss a type of real estate investment, fix and flips, in the Castle Pines area in Denver.   What this investment is:  A synthesis of the fix and flip and rental operations - purchasing an apartment building in a neighborhood dominated by owner occupants, then converting the building from apartment building to condominium.  Often requires renovation of the units to meet the expectations of owner-occupant buyers in that area.  Complex and time consuming, but has wonderful tax advantages compares to fix and flips and often has superior returns to all other asset classes.  Ideally suited for the sophisticated investor with extensive experience.    Equity needed:  Being able to document your income and your assets will be criti...
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By Gene Elzenberger
(Your Castle Real Estate)
Investing in Real Estate 7 - Fix and Flips This blog will discuss a type of real estate investment, fix and flips, in the Castle Pines area in Denver.   What this investment is:  Purchasing a home that needs work.  The scope can range from the basic "paint and carpet" to extensive overhauls to scraping a decrepit property and completely starting over.  Usually does not involve tenants, and the objective is to get in and out of the property as quickly as possible.  Great for beginners with the right skill sets or the willingness to learn.   Equity needed:  With hard money loans (defined in next paragraph), potentially 0% and they'll finance the construction costs, too.  Expect a LOT of strings to be attached.  A small local lender might give you 75% of the purchase price and the renovati...
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Castle Rock, CO Real Estate Professionals