All Denver Real Estate Blog

All Denver Real Estate Blog *** 1-877-378-8213 ***

Larry Hotz, Kentwood Real Estate, Greenwood Village, Colorado
  • Denver MLS Search
  • Home
  • Relocation
    • Denver Neighborhood Finder
    • Relocation Package
    • Relocation Articles
    • Relocation Map
    • Denver Suburbs
    • Corporate Relocation
    • Denver Weather
    • Denver Realtor Testimonials You Can Trust
  • Luxury Real Estate
    • New Luxury Listings
    • Luxury Homes Blog Articles
    • Cherry Hills Village
    • Greenwood Village
    • Castle Pines Village
    • BackCountry
    • Heritage Hills
    • Luxury Gated Communities
  • Blog
    • Latest Blog Articles
    • Real Estate News
    • New Denver Homes
    • Realtor Stories
    • Denver Relocation
    • Home Loans
    • Kentwood Company
    • Downtown Denver
    • Stapleton
    • Evergreen, Colorado
    • South Suburbs
    • Boulder, Colorado
    • Highlands Ranch
    • West Suburbs
    • Louisville
    • North Suburbs
    • Aurora
  • Buying
    • Home Mortgage Rates
    • Buyer Broker Advantages
    • First Time Homebuyers
    • Denver Metro Schools
    • Denver Crime
    • Interactive Denver Crime Map
    • Denver Churches
    • Denver Synagogues
  • Selling
    • Free Home Valuation
    • Kentwood Company
    • Kentwood Advertising
    • Agent Criteria
    • Listing Services
    • Seller Tips
    • Out-State Referral
  • About Us
    • The Hotz Group REALTORS®
    • Meet Larry Hotz
    • Luxury Homes Realtor Elizabeth Hotz
    • Trust Meredith Hotz
    • Dotson Skaggs, Castle Rock
    • Martin Team, Littleton
    • Robert McGuire, Downtown
    • Boulder, Louisville Realtor
    • Tom Cryer, Denver Relo
    • Meet Steven Kruse
You are here: Home / Denver Suburbs / South Suburbs / Happy New Year: Parker, Castle Rock Real Estate

Happy New Year: Parker, Castle Rock Real Estate

December 30, 2016 By Dotson Skaggs, Kentwood Real Estate Leave a Comment

Parker luxury real estate

This luxury home in Parker just sold in our busy real estate market.

Real estate market activity for the Parker and Castle Rock areas remained strong for the third quarter of 2016 following an extremely active first half of the year.  Home sellers here have been rewarded with more showings,  higher prices and quicker sales. Activity has even increased in luxury home sales.

Parker Real Estate Market

Parker homes exhibited a robust 10.2%  increase year-to-date in median sales price over 2015. Home sales prices increased from $399,199 last year to $440,000 this year.  However,  closings of sold properties declined slightly from 1,550 to 1,529. This represents a 3.2% increase in closings over 2014.  Both 2014 and 2015 were chart busters.  And,  2016 is proving to be an equally strong year.

Average days on the market has inched up ever so slightly to 41 days on market after being in the 30’s for the past three years.  Another astonishing statistic is the average sold price to final list price stands at 99.7% which is most impressive. That means for every home sold below list price another sold above list price.

Pradera Country Club in Parker

The Pradera Country Club in Parker offers luxury homes in a rural setting.

Castle Rock Real Estate Sales

Castle Rock exhibits similarly strong activity for the third quarter.  The median sales price increased 6.5% ($425,000 vs. $399,000) in the past 12 months.  And,  the number of closings  did not change at all statistically (1,285 vs. 1,283).  Closings in 2014 were 1,292 for a decline of only 0.1%.  With 2014 and 2015 also being record years for Castle Rock, 2016 figures are equally strong and demonstrate the market continues to hum along at this record pace.

The average days on market for a home to go under contract in Castle Rock is a very respectable 49 days.   Just a few years ago, sellers were bemoaning 150-180 average days on the market to sell.  Average list price to final sold price remains up there at 99.4%.

Luxury Homes

The top tier price range for luxury homes has experienced an uptick in sales after a somewhat quiet first nine months.  Of the nine properties over $1,700,000 to go under contract or close since October 1st in the two towns, most had been on the market for a year or more.  As example, I sold and closed on one of those nine properties in just 12 days.  The home had been on the market for over a year with another real estate broker.  The full price, cash offer and 12 days from contract to closing was very exciting to my clients. Their list price was $1,700,000.

Since the election of November 7th, showing activity and accepted offers have increased.  It is anticipated activity will increase even more following the first of the new year.  I’ve also noticed that this optimistic mood is prevalent among the real estate brokers I work with every day. It should be a very Happy New Year in the Parker and Castle Rock real estate markets.

No votes yet.
Please wait...

Filed Under: Pradera, South Suburbs Tagged With: castle rock real estate, Luxury homes, Parker Colorado

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Easy MLS Search for Listings

All fields are optional

Advanced Denver MLS Search 

Find Your Perfect Neighborhood  

Denver Relocation Resources

Best Denver Suburbs

Denver City Neighborhoods

Denver Neighborhood Finder

Denver New Homes

Home Buyers Relocation Package

Denver Crime

Denver Metro Schools

Interactive Relocation Map

Denver City Neighborhoods Map

Denver Crime Map

Search Over 1100 Pages

Featured Properties

S. Holly Street, Cherry Hills Village, CO

4480 S. Holly Street in Cherry Hills Village

Price: $6,950,000 Bedrooms: 7 Baths: 10 Sq. Ft: 12,392 square feet total Year Built: … [Read More...]

463 Detroit Street – Cherry Creek North Townhome

Discover this Sprocket Designed Organic, Modern Home! Price: $2,395,000 Bedrooms: 5 Baths: … [Read More...]

14226 E 1st Drive A03 in Cherry Grove East

Price: $220,000 Bedrooms: 1 Baths: 1 Sq. Ft: 756 total Year Built: 1982   14226 E 1st … [Read More...]

Happy Clients

https://youtu.be/YQXmzMQnGuc
"Best Realtor we've ever had"

More Video Testimonials

Copyright 2000-2023 by Loren Hotz Owner of All Denver Real Estate. All Rights Reserved. Loren (Larry) is a Broker Associate of The Hotz Group at Kentwood Real Estate. Some articles on this real estate blog were written by Brokers employed by various brokerages including Kentwood Real Estate as identified. Market statistics for the City and Denver Suburbs were provided by the Denver MLS search company, ReColorado. This site uses Google Analytics to track web visitors and enhance their experience. See GA Privacy Policy here