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Castle Rock, CO Real Estate News

By Brian Petrelli, MBA, GRI
(The Brian Petrelli Team - Metro Brokers)
Castle Rock HUD Homes are becoming less and less common. A HUD home of this size and price is extremely rare! For $2110,000, HUD is offering this 1,940 sq ft home with 4 bedrooms and baths. This home will not last and will more than likely have multiple bids. To take a look at this home, give us a call at 303-817-0209 or to see more Homes for Sale Castle Rock, check out our website. 431 ellendale stcastle rock, CO 80104 $210,000.00  Beds: 4      Fin Sq Ft: 1940 Baths: 3     Year: 2005  
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By Ruth Vogt, 719-592-0855 www.ReverseLoansInColorado.com
(Fairway Independent Mortgage, LLS. Equal Housing Opportunity. Regulated by the Division of Real Estate.)
Be preapproved to buy a home in Castle Rock, Colorado Castle Rock is a rather small, sleepy little community located just off I-25 between Denver and Colorado Springs. The butte located on the east side of the interstate is what gave inspiration to the name, Castle Rock. It's just as important to be preapproved to buy a home in this little town as it is when making an offer for a home in the city. In a previous post I explained the difference between being prequalifed and being preapproved to buy a home. The focus of this post is WHY you'll want to be preapproved to buy a home! When you have been preapproved for a home loan it allows you to shop with confidence. But more importantly the seller of a property will look at your offer more seriously than an offer from a buyer who has only b...
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By Ruth Vogt, 719-592-0855 www.ReverseLoansInColorado.com
(Fairway Independent Mortgage, LLS. Equal Housing Opportunity. Regulated by the Division of Real Estate.)
In our area, we have quite a number of red tailed hawks. Really beutiful birds, and they serve a purpose that we appreciate by keeping our vole and rabbit population in balance. As we watch them soar overhead, we've really never noticed how large these birds are. Not until we witnessed two males on the ground fighting for mating rights, most likely. And I'm certain "she" was the hawk flying over head keeping a watchful eye on the event to see who she would be going home with once the deadly deed played out the final scene. But we couldn't stand it! We couldn't watch the "underbird" (get it? vs "underdog") get pecked and clawed to death. So my husband suddenly jumped out of the car, raised and extended his arms and ran toward them making a loud, screeching sound. It was at that moment I ...
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By Mike Hendren
(Mike Hendren Photography)
You'll find lots of information about foreclosure options and short sales on my new website. Thanks to the Distressed Property Institute, LLC, it was easy to setup, it's easy to navigate, and it's loaded with info that can help homeowners who find themselves financially distressed and in danger of not being able to keep up with their mortgage payments. Today, nearly 1 out of every 6 homeowners in America is behind on their mortgage payments. These are tough and frustrating times and now more than ever, it's important to identify your options. Foreclosure can be avoided, your credit can be saved, and your financial future can be salvaged. But, don't wait - get the facts you need to make an informed decision, today.  
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By Mike Hendren
(Mike Hendren Photography)
In 2007 and 2008, there were almost 40,000 foreclosures filed in Colorado.  Last year, in 2009, that number surged to over 46,000.  There is encouraging news, however - about 80% of homeowners who met with a Colorado Foreclosure Hotlline counselor were able to avoid foreclosure. Another disturbing statistic shows that about 70% of the foreclosed homeowners never tried to sell their home.  Too many people are still unaware that when they can't make their house payment, they may still have options to avoid foreclosure. We all have a difficult time admitting when we're struggling financially, but that is what must be done when your home and your credit rating are at stake.  Financial distress is not uncommon and can be caused by a variety of factors beyond our control: A payment increase ...
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By Brian Lee Burke, Broker & Advising Expert-Kenna Luxury Real Estate
(Kenna Real Estate)
Castle Pines North Home Sales Market Report Dec. 2009 Castle Pines North CO 80108 ~ Residential Homes 18 homes sold in Castle Pines North in December 2009. Sold prices ranged from $306,300 to $895,000. Price per square foot ranged from $125 to $324 per square foot. Only one of the homes sold was a bank owned property. Home Sales Castle Pines North Dec 09 Closed Sales 18 Average Sales Price $491,757 Average Price per Square Foot $184 Average Days on Market 204 Percent of Original List Price 88.8% Castle Pines North Real Estate Market Sold  Dec. 2009 ~ 18Active Listings Jan 10, 2010 ~ 76Pending Jan 10, 2010 ~ 19 Homes for sale in Castle Pines North Homes for sale in Castle Rock If you have any questions or would like a custom Market Report for a specific area feel free to contact us at Ke...
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By Brian Lee Burke, Broker & Advising Expert-Kenna Luxury Real Estate
(Kenna Real Estate)
Castle Pines Village Luxury Homes Market Report Dec. 2009 Castle Pines Village, Castle Rock, CO 80108 ~ Residential Homes Five luxury homes sold in Castle Pines Village in December 2009. Sold prices ranged from $800,000 to $2,795,000. Price per square foot ranged from $331 to $483 per square foot. You see a large difference on days on market for luxury homes. Average days on market for Castle Rock zip code 80108 was 250 and for Castle Pines Village - 492 (Castle Pines North average days on market was 204).Home Sales Castle Pines Village Luxury Homes Dec 09 Closed Sales 5 Average Sales Price $1,739,000 Average Price per Square Foot $446 Average Days on Market 492 Percent of Original List Price 79.7% Castle Pines Village Real Estate Market Sold  Dec. 2009 ~ 5Active Listings Jan 10, 2010 ~...
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By Brian Lee Burke, Broker & Advising Expert-Kenna Luxury Real Estate
(Kenna Real Estate)
The Meadows Castle Rock Home Sales Market Report Residential Detached Single Family Homes ~ Dec 2009 11 Homes sold in The Meadows subdivision in Castle Rock in December. Sold prices ranged from $215,000 to $425,900. Price per square foot ranged from $113 to $170 per square foot. Five of the houses sold for under $120 per square foot. Three of the sold houses were bank owned and five were builder owned (new build).Home Sales The Meadows Castle Rock CO 80109 Dec 09 Closed Sales 11 Average Sales Price $289,719 Average Price per Square Foot $128 Average Days on Market 135 Percent of Original List Price 87.2% The Meadows Castle Rock Real Estate Market Sold  Dec. 2009 ~ 11Active Listings Jan 10, 2010 ~ 105Pending Jan 10, 2010 ~ 24Homes for sale in The Meadows Homes for sale in Castle Rock If ...
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By Brian Lee Burke, Broker & Advising Expert-Kenna Luxury Real Estate
(Kenna Real Estate)
Castle Rock Home Sales Market Report for zip code 80104 Dec 2000 ~ Residential detached homes 21 Homes sold in Castle Rock 80104 in December. Sold prices ranged from $125,100 to $965,000. Price per square foot ranged from $72 (short sale) to $298 per square foot. Five (24%) of the sold houses were bank owned.Home Sales Castle Rock CO 80104 Dec 09 Closed Sales 21 Average Sales Price $322,466 Average Price per Square Foot $142 Average Days on Market 115 Percent of Original List Price 91% 80104 Market Sold  Dec. 2009 ~ 21Active Listings Jan 10, 2010 ~ 219Pending Jan 10, 2010 ~ 45 Homes for sale in Castle Rock If you have any questions or would like a custom Market Report for a specific area feel free to contact us at Kenna Real Estate This Market Report is brought to you by Rita Burke, Ken...
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By Brian Lee Burke, Broker & Advising Expert-Kenna Luxury Real Estate
(Kenna Real Estate)
Castle Rock Home Sales Market Reportfor zip code 80109 Dec 200914 Homes sold in Castle Rock 80109 in December. Most of the homes were located in the Meadows subdivision. Sold prices ranged from $215,000 to $480,000. Price per square foot ranged from $113 to $175 per square foot. 50% of the houses sold for under $120 per square foot. Four sold houses were bank owned and six were builder owned (new build).Home Sales Castle Rock CO 80109   Dec 09 Closed Sales 14 Average Sales Price $301,273 Average Price per Square Foot $130 Average Days on Market 122 Percent of Original List Price 88.7% 80109 Market Sold  Dec. 2009 ~ 14Active Listings Jan 10, 2010 ~ 143Pending Jan 10, 2010 ~ 35 Homes for sale in Castle Rock If you have any questions or would like a custom Market Report for a specific area...
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By Brian Lee Burke, Broker & Advising Expert-Kenna Luxury Real Estate
(Kenna Real Estate)
Castle Rock Home Sales Market Reportfor zip code 80108 Dec 2009 - residential detached homes29 Homes sold in Castle Rock 80108 in December. Sold prices ranged from $147,000 to $2,795,000. Price per square foot ranged from $98 to $483 per square foot. Two houses sold for just over half of the original listing price. Both of them were luxury homes. E.g. house that was originally listed for $4,000,000 sold for $2,200,000.Home Sales Castle Rock CO 80108   Dec 09 Closed Sales 29 Average Sales Price $705,362 Average Price per Square Foot $239 Average Days on Market 250 Percent of Original List Price 79.7% 80108 Market Sold  Dec. 2009 ~ 29Active Listings Jan 10, 2010 ~ 369Pending Jan 10, 2010 ~ 42 Homes for sale in Castle Rock If you have any questions or would like a custom Market Report for ...
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By Kathy Torline, Colorado Springs Real Estate Blog 719-287-1049
(ERA Herman Group Real Estate)
Popcorn Ceilings gotta go Search for Colorado Springs Homes Related post:  The pictures tell the story One of my least favorite features in a house is a popcorn ceiling; and many of my clients who are looking at buying seem to feel the same way.   They are many reasons to get rid of it, but here's my top reasons: It's dingy If it's not painted,it fades It can get stained easily It can start flaking off It attracts cobwebs, dirt, and soot It's the mark of an older home AND, most importantly it's ugly Some Realtors (including myself) think popcorn removal is one of the best improvements to do to a house before selling. Here's some important steps to keep in mind The most important step before you start ............ have your ceiling tested to see if it contains asbestos, banned in the lat...
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By Mike Hendren
(Mike Hendren Photography)
Last night, the "blue moon" heralded what for me was a near perfect end to 2009 - delicious food, terrific wines, and the wonderful company of close friends.  Today, revealed a beginning to 2010 that was just as good - more great food and time spent with family and friends - all in the context of a truly beautiful day.  It really doesn't get any better! Resolutions?  For me - not really.  Just the determination to make the coming year better as I hope we all strive to make each new day a little bit better than the last one. "Once in a blue moon" - There are several definitions.  They vary from the 3rd full moon in a season that will have 4 full moons, to the 13th full moon in a calendar year, to the most accepted which is a 2nd full moon in a given month. Last night, we were treated to...
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Homeowners, if you are in financial distress and fear you may lose your home to foreclosure, please contact a Realtor® in your area who is an expert in distressed properties.  They may be able to help you avoid foreclosure.  As you can see from the following tables, foreclosure has much more drastic and long term financial consequences than a short sale does. This document is available HERE in its entirety (including footnotes) as a pdf file.  
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By Mike Hendren
(Mike Hendren Photography)
I've found a brand new website that is just photography tutorials of all kinds.  The website is Photogler.com It was founded by Andy Beal who picks the images for the site from those put in his group on Flickr, "Photogler".  It's only been going for a couple of months now, but every couple of days, Andy adds an image with descriptions of techniques used by the photographer.  It's a great place to go to learn new techniques and also to get ideas for your next photo shoot! Who knows - you just might see something there from someone you know.  :-)  
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By Mike Hendren
(Mike Hendren Photography)
This November's sold data outperformed, 2008, 2007 and 2006 in the number of single family and condo units closed for the month.  This is the first time in four years that we have seen a month outperform several years prior for the same period.  Of course, the $8000 Tax Credit, low interest rates and increased consumer confidence because of low housing prices fueled this years November closings. Additionally, the current number of Denver listings is at the lowest level for December in more than 5 years.  These low inventory numbers are in both single family homes and condominiums.  The continued decrease in listing inventories has continued now for 4 years and should continue to put pressure on buyers as competition for available homes increases - resulting in increasing prices.  So fa...
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By Brian Lee Burke, Broker & Advising Expert-Kenna Luxury Real Estate
(Kenna Real Estate)
Castle Rock Real Estate ~ Bank owned, Builder and other home sellersOctober 2009 66% of home sellers in Castle Rock in October were individual owners. 19% of sold homes were bank owned properties. The price per square foot of bank owned properties maxed out at $127/sf, unlike in 2008 when the price per square foot went from under $100/sf to over $200/sf - yes, for the bank owned homes. A few of the bank owned homes were sold in The Meadows and in Maher Ranch subdivisions in Castle Rock. Six of the 72 homes sold in Castle Rock in October were new construction, sold by builder. In October 2008 60% of Castle Rock home sellers were individual owners. 24% of homes sold in October of 08 were bank owned properties. For comparison bank owned homes in Highlands Ranch were at 12% in October 2008 ...
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By Brian Lee Burke, Broker & Advising Expert-Kenna Luxury Real Estate
(Kenna Real Estate)
Short Sale - Home for sale in Diamond Ridge in Castle Rock Custom home in a stunning location in Diamond Ridge Castle Rock, CO 80108. Absolutely spectacular mountain views and amazing views of the town of Castle Rock from this property. The home is sold AS-IS and is a short sale.5 bedrooms, 5 bathrooms6729 Finished square feet3-car garageYear Built 2000Lot size: 1.4 acresOffered at $890,000 Buyer to verify all information. Mold and structural problems may be present. Please call Listing agent Brian Burke for details and available reports before writing an offer. 303.710.2609 direct. More details and photos of 5499 Sunstone Ln Listing Agent: Brian Burke, Broker Kenna Real Estate 303.710.2609 Direct 303.955.4220 Office KennaRealEstate.com Disclaimer: Buyer to verify all information includ...
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By Mike Hendren
(Mike Hendren Photography)
Information courtesy of Jack O'Connor, Re/Max Professionals, LLC.All data taken from Metrolist, Inc, on Nov. 6, 2009.  Denver, Colorado. We had a great October, with sales outperforming the previous years numbers for the first time in 5 YEARS!  The number of homes sold also nearly matched that from 2006. One of the reasons cited for this positive market, is of course the First Time Home Buyers Tax Credit.  However, what has happened in addition to that (or maybe because of it) is the listing inventory is down considerably.  The number of single family homes and condos currently listed is about 35% less than what was on the market in 2006, and about 18% below last year's numbers.  What this means to buyers AND sellers is that with fewer homes on the market, there should be more competiti...
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