Sold, Sold, Sold

 If you're thinking about selling now is the time!  

 Inventory and interest rates are low!

 Buyers are ready, willing and able to buy.  

Call me today for a Comparative Market Analysis on your home!

Holiday Home Buying/Selling

With Thanksgiving in just one week, the holidays are about to be in full swing. Is this a good time to be buying or selling real estate??? The answer is YES!

During these busy times with family many potential sellers do not want to have the inconvenience of keeping their homes spic and span and having to decline showings because of the Christmas dinner party they are hosting. This is good because there are LESS homes that your home has to compete with than in the traditional "busy season" (spring and summer). There are also LESS buyers in the market, this is good because quality is better than quantity. The buyers that are taking time out from their holiday festivities to shop for homes are most likely ready, willing and able buyers.

If you are a buyer it's the perfect time because there are not as many buyers in the market, this is great because you aren't competiting in such a fierce market. The homes that come on the market and are in great condition, location and priced according to the market will go quickly. The bottom line is the seller's are motivated to sell, buyers are motivated to buy. Not to mention this season the interest rates are at historical lows, which is a great thing for everyone!

If you are or someone you know is looking to buy or sell in this holiday season, give me a call and I'll be happy to assist you!

North Texas Real Estate Stats

Everyone is wondering what is the market like here in the Metroplex??

According to the North Texas Real Estate Information Service (NTREIS) YTD summary thru September 2011 (which includes 50 counties in the North Texas MLS area):

Single family dwelling sales are down 3% over the last year with no change in dollar volume. The average sales price is up 2% to $199,610. Sales for the month of September were up 14%.

Farm/Ranch sales show a 4% increase, dollar volume is down 7% and the average sales price is down 10% to $306,982. Sales for September were up 3%.

Rentals are up 14%, dollar volume is up 19% and the average rental price is up 5% to $1427. Rentals for the month of September are up 19%.

Lots & Acreage sales are up across the board with sales increasing 4%, Dollar Volume Increasing 13% and Average Sales Price increase of 8% to $123,274. September sales remained the same.

Commercial Sales are up in all 3 categories, Sales Volume is up 7%, Dollar Volume increased 9%and an increase in average price to $171,615. September sales are down 2%.

Overall you can see that the market in North Texas is doing very well, especially when compared to the national real estate market. It is still a fantastic time to buy, sell and invest in real estate in North Texas. If you want to know what your current home value is, give me a call and I will be happy to assist you.

Home Sales Rise in 2011

According to the cheif economist of the National Association of Realtors home sales are on the rise and here are 7 reasons why:
1. More jobs
2. Rising stock market wealth
3. Rising apartment rents
4. Continuing high affordability conditions
5. Home values at historically justifiable levels
6. Investors looking to hedge against inflation
7. Foreigners buying U.S. homes on the cheap