Castle Rock, Colorado Real Estate and Relocation Information

Castle Rock, population just over 35,000 in 2005, has burgeoned over the last decade, and has much to offer homebuyers relocating to Denver looking for a relaxed, Western lifestyle. It’s set just north of what’s known locally as the Palmer Divide, a long stretch of mountainous outcropping and rolling hills just southwest of Parker. Castle Rock is in Douglas County, one of the fastest growing counties in the country

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Castle Rock, Colorado Real Estate

Castle Rock is one of the metro area’s more affordable communities, but also one of its most expensive with Castle Pines homes running in the high $800,000s to well over $2 million. It has an ex-urban feel, “just beyond the suburbs where the country looks like country again, beyond the limits of most studies of urban growth,” as described in a recent report on CNN.

The modern building boom began in Castle Rock in the 1980s and 1990s with the addition of Founder’s Village on top of one of Castle Rock’s rolling hills near Castlewood Canyon, and the Meadows, down in the flatter land to the west. Subdivisions grew like Topsy and continue to grow attracting a wide variety of homebuyers relocating to Castle Rock from all over the country.

• Castle Rock homes in the newer subdivisions range from the low $200,000s to the $500,000s, with most selling midway between.
• Homes in Castle Pines sell for upwards of $800,000.
• The average price for homes is $470,000 because of the higher priced Castle Pines homes, but most Castle Rock homes sold are in the $200,000s.
• Castle Rock townhomes and condos range from $65,000 to $325,000, with a current average price of $178,000+.

Castle Rock Real Estate Prices for January 2008
(data from August 1, 2007 to January 31, 2008)

598 detached single family homes were sold with a median list price of $339,900. On average homes took 121 days to sell and sold for a median price of $329,297. Median price is a better measure of sold price than average, which is skewed by a few high-priced homes at the top end and low-priced homes at the bottom. Lowest sold price for detached single family homes was $126,500; highest sold price was $3,375,000. For condos and townhomes (attached family homes) the lowest sold price was $45,000 while the highest was $307,020. The median sold price was $172,450, and the average was $173,173.
 
The ratio of sold to list price was 96.98% for detached homes. The ratio of sold to original price was 90.37%, which means that sellers are still listing homes at too high a price The net sold (after seller concessions such as down payment or closing cost assistance, and the like) to original list price was 89.85%. To simplify, if a seller originally listed their home at $350,000, they realized $314,475 from the sale.
 
By the time the seller finally reached a marketable price after having listing it too high, the sold to list ratio improved to 96.98%, and the net sold to list price was 96.42%.

Castle Rock, Colorado Recreation

Castle Rock offers an abundance of recreational amenities, including the 80,000 square foot Castle Rock Recreation Center, open space, many parks, and the Ridge at Castle Pines North Golf Course. The PGA International Open is held at the Castle Pines Golf Club in August each year. Castle Pines Golf Club is considered one of Colorado’s top ten golf courses. About halfway between Denver and Colorado Springs to the south, Castle Rock has a mountain feel without actually being in the mountains. Castlewood Canyon State Park lies just east of the community and offers unique hiking, rock climbing and sight-seeing opportunities.

Castle Rock, Colorado Shopping and Dining

The Town of Castle Rock is a quaint old town, home to such restaurants as the Castle Café, serving the best fried chicken in the west (prepare to wait 30 minutes while the chicken is prepared) and the Old Stone Church restaurant, an old Catholic church turned eatery where the food is as good as it gets. Other restaurants and coffee shops dot the town. And the metro area’s largest discount outlet mall is located here on the west side of I-25, just north of the town. Not far is Park Meadows Mall, one of Denver’s best shopping centers.

Castle Rock, Colorado Zip Codes

• 80104
• 80108
• 80109

Castle Rock Hospitals/Medical Centers

• Sky Ridge Medical Center, Lone Tree
• Parker Adventist Hospital, Parker

Castle Rock, Colorado Weather

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