Appreciating property values in Castle Rock

Property values are forever in flux. Over a long enough period of time, home values , in most cases, go up. But, of course, in real estate there is always a certain amount of risk.

When your house appreciates you have a greater asset to borrow against, and you'll see a better profit when you sell. But how will you be sure what you're investing in this year will appreciate over time? Property values in Castle Rock vary for different reasons. The most important factor is that you go with a REALTOR® in Castle Rock who is familiar with the factors that influence local prices.


A lot of people believe that the economy is the biggest factor affecting real estate appreciation. It goes without saying that mortgage rates, employment, job growth, government programs and some other national determinants are known to alter your home's worth. However, your home's value and the elements that play the biggest role in its appreciation are specific to the local Castle Rock economy and housing market.

Let Willoughby Enterprises help you with your first home purchase in Castle Rock Location in a community - Most people want homes in the areas with the easiest access to features, like our schools and jobs. So when it comes to retaining their value, these areas typically appreciate much more reliably than areas lacking key features.

Prior home sales - How long do homes typically stay up for sale before closing? Are sellers having to discount much or offer concessions Some information can often be obtained from public records, but a good agent with a login to the local MLS will usually be able to provide a more complete picture.

History of appreciation - In the past 5-10 years, have property prices increased or decreased? Does location or affordability affect how desirable the area is thought to be?

The local economy - Are local businesses hiring? Have companies moved into or away from an area? Is there a nice mixture of work in an area, or does it rely on just one industry? Is the mix of commercial and residential development changing? Each of these items plays a part.

It's smart to know the factors that impact your property's market price. Click here to get an evaluation of your home's value. Please call me at 3039210655 or e-mail me with any questions.