Page 25 - AreaNewsletters "Sept'19" issue

HEALTH / WELLNESS / LIFESTYLE
Castle Rock Real Estate
By Dan Maurer, CEO/Owner, DWM Family Wealth Ltd.
For the rst time in many years, I have noticed as I walk through my neighborhood, “For Sale” signs on homes seem to remain up longer, turn over appears slower. For most families, a primary residence is the most signi cant purchase made during their lifetimes. I decided to take a further look.
Indeed, after many years of stronger than normal growth, Castle Rock real estate prices have begun to plateau and are slowingdownwhileremainingpositive. Inventoryofhomesforsaleareupsigni cantlyandtheactualmedianhomesaleprice is below the ideal 3% to 5% annual appreciation. While remaining a good market for sellers, multiple o er situations that drive up prices are becoming rarer, price reductions on higher-end homes are more commonplace. Complemented by mortgage interest rates that remain at historically low levels, this is all good news for potential buyers and the market in general.
I decided to talk with an expert. Steve Thayer, Broker/Owner of The Thayer Group at Keller Williams Action Realty in Castle Rock believes that our market will continue to thrive. “We continue to witness strong positive migration of businesses and families to Colorado. Our speci c, desirable quality of life should continue to attract further relocation to our state and town. Anadditionalcatalystistheexpansioninbuildingoftownhomesorstarterhomesbelowthe$400,000pricelevel. Thisisan attractive and reasonable price point to the rst-time home buyer. It had been di cult to nd a home for less than $400,000 in Castle Rock, now that price point is available”.
In summary, our real estate market is and should remain strong. Advantageous for buyers and sellers. Key ingredients are real estate taxes are relatively low, schools are good, community recreational facilities strong.
So avoid tra c as best you can and enjoy living in Castle Rock! Contact me if you’d like to meet for coffee and chat.
Castle Rock real estate prices have begun to plateau and are slowing down while remaining positive.
All nancial planning services are provided free of charge to retired or active Police, Fire Fighters, Teachers and Military.
Investment Advisory Services o ered through DWM Family Wealth Ltd.
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Watch for Future Articles:
• How to Find an Advisor •ProtectYourLegacy(BOSS) • Re ections of Castle Rock
Dan Maurer, CEO/Owner Dan@DWMFamilyWealth.com 303-814-2349
25 Castle Rock “AreaNewsletters • September 2019