Castle Rock Lake: A Background
Castle Rock Lake is actually a premier Wisconsin vacation home destination. Castle Rock Lake provides everything you’re looking for in your home away from home.
Castle Rock Lake has over 16,000 acres and provides fun for all. Fishing, boating, PWC, parasailing and everything in between.
Castle Rock Lake is located in South Central Wisconsin which is a short drive from Madison, Milwaukee, and the Chicago areas, thus, making this an easy place for a weekend getaway, or to stay for just a week (or longer) to recharge and savor time with family.
An added benefit to any purchase on Castle Rock Lake is you’re only thirty minutes from Wisconsin Dells and everything it has to offer. Spending a day or just a few hours in ‘The Dells’ is quick and easy. Experience the people and attractions then escape back to one’s own paradise on Castle Rock Lake.
Resorts, campgrounds, and parks dot the Castle Rock water’s edge, but the area is still equipped with over 25,000 acres of undeveloped shoreline which produce exquisite sunsets.
The most difficult part when choosing your vacation home is deciding what you want.
Different subdivisions offer different amenities.
They include:
- Waterfront
- Water access
- Condo
- Dock
- Waterpark
- Tennis/basketball/workout facilities onsite
Plus the large number of home types/styles/configurations etc. that are available in the area.
Waterfront home sales on Castle Rock Lake have been affected like other locations within the United States. The typical purchase has dropped more than $200,000 in the housing boom of 2007.
A far more accurate representation would be what the cost per sq . ft . has been doing the past few years. In the past four years the price per square foot has decreased from over $200 per sq . ft . to $138 per sq . ft . this year.
The summaries here are only for houses with waterfrontage on Castle Rock Lake. All subdivisions round the lake provide lake access and lake sights, but this data only considers houses with actual Castle Rock Lake frontage.
Waterfront Houses For Sale
The graph informs the storyline from the recession. The amount of Castle Rock lake waterfront houses dropped 80% from 2006 to 2008. It will appear that we’ve already seen the bottom and therefore are heading back in a better direction.
I expect this year’s totals to improve on 2010 totals.
Average Cost Per Sq . Ft .
Can the average costs be anymore telling? Over $200 per sq . ft . through 2008, less than $138 in 2011.
But…
Yes, there is a but…The cost per sq . ft . continues climbing each of the past 3 years from the low of $124 in ‘09.
Average Purchase Cost
The typical purchase price has fallen from over $500,000 towards the mid $300,000 range in the previous 3 years.
I only hope that 2010 will be the low point by having an average purchase cost of $316,000. To date, 2011 has seen an average purchase cost around $357,000. My fingers will stay crossed for 2012.
Average Days on Market
The typical days a house was available on the market before it sold works as a barometer on two fronts. First, how active is the market? The lower the amount the better the real estate market. Everybody involved with buying a Castle Rock Lake waterfront home wants the house off and on the marketplace as rapidly as possible.
Second, how long were the homes listed for. The average days on market has seen an increase from 130 to 260 in the past 3 years.
Summary
The Castle Rock Lake housing market continues to be affected. Without a doubt. But, the amounts are inching back upwards. More sales, a greater purchase price are what both sellers and potential buyers need to see.
I actually need to see the typical days a house takes to sell begin to return under the 200 day mark. Two-hundred 60 days is simply too much. Perfect world is really a home that’s listed early in the year and sells prior to the conclusion of summer.
