Register Real Estate Advisors

Spring, Texas is a great place to purchase or sell real estate. Texas has continued to have a stable economy as the country has wavered over the last two years. In March of 2012 there were about 290 homes that sold in Spring, Texas. Some were distressed properties. In the first half of March 2012 the average list price, according to the Houston MLS, was about $234K. The average home sold for about $234K. That’s about $86 a square foot. In general, it took about three months to sell a home, when some parts of the country were taking as long as two years to sell properties. The average square feet of the homes sold was around 2650. These were mostly 3 bedroom, 2 bath homes built around 1996. Currently, at the beginning of April 2012, there are about 620 pending sales in the MLS for Spring, Texas, proving the buyers are out this spring.

For the Spring renatal market, about 200 homes were rented in the first half of March. Those averaged 2000 square feet and had three bedrooms, two baths, and were on the market for about a month before renting. The average rental price was aboout $1400. So if you are thinking about investing in real estate, you might want to look into the rising rental markets in the area. If you would like help purchasing or selling a home in the Spring area, please call RREA today to talk with one of our Realtors.

The Houston Association of Realtors reported the following:

Houston Real Estate Milestones in June

• Volume of single-family home sales rose for the second time in 2011;
• Sales of 5,571 single-family homes represents the highest monthly volume recorded since May 2010;
• At $228,650, the average price of a single-family home reached the highest level of all time;
• At $161,000, the median price of a single-family home reached the highest level since July 2009;
• Single-family home rentals rose 19.2 percent;
• Townhouse/condominium rentals increased 19.5 percent;
• 7.9 months inventory of single-family homes compares favorably to the national average of 9.3 months.

Why not? I listed a home on Alp Springs last week and this week it’s already shown. Buyers are out there looking year ’round. This time of year, only serious buyers are out there looking because if they’re not serious, they don’t have time to look at houses! If you have lived in your home for more than five years, you will qualify for the $6,500 tax credit if you buy your next home before the deadline next April. It’s an excellent time to sell. Call me today to see what absorption rates are in your neighborhood and what price you can expect to get for your home. Let’s get it on the market and get it SOLD! My marketing plan works even in a down market. I have proven results!

Thank you for your patience while I have been on vacation.  I will be answering emails and returning phone messages as quickly as possible.  I do have a closing on Wednesday morning.  Please be patient.  I am working to catch up.  I haven’t forgotten about any of you.  I love helping people relocate to the Houston area, buy recreational land, and dream homes and selling every piece of real estate I can get my hands on, but I had a wonderful time on my vacation.  It was a great break and I hope to tell you all about it when I see you again.  I missed my babies, though.  Hope you all had a wonderful 4th of July!