Archive for March, 2010

Local Housing Market Looking Up

Wednesday, March 24th, 2010

Good news about the local housing market: 2010 is already looking better than 2009.

Home sales for January and February 2010 were both higher than January and February of 2009. For this January, there was a modest increase of 2% in home sales (89 homes sales vs. 87 sales in 1/09). The 2010 edge continued to expand to 15% in February (107 home sales vs. 91 sales in 2/09). Here’s a glimpse of how the BCS Housing Market looked in February 2010:

Home Sales: 107
Dollar Volume: 19,685,773
Average Price: 184,000
Median Price: 165,300
Total Listings: 1,439
Months Inventory: 7.8

We are hopeful that this trend will continue as we enter the busiest season in real estate. We are encouraged that our local market continues to resiliently weather the recession quite well. As always, if you have questions about how today’s economy affects the value of your home, feel free to give us a call.

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Open House in Creek Meadows

Saturday, March 13th, 2010

If you are considering purchasing a new builder home, we encourage you to visit our open house this Saturday and Sunday at 2007 Silver Brook in the Creek Meadows community. This particular home is lovely- featuring 4 bedrooms, 3 baths, stainless steel appliances, rubbed bronze fixtures and granite countertops. We have several other homes under construction in Creek Meadows- including the beautiful new Texas Bungalows designed by the multi-award winning architecture firm, Insite Architecture. More info will be available in the open house. We welcome you to stop by and take a look.

This same home will be open on subsequent weekends, so if this weekend is booked, you can come by at a later time.

To get to the Creek Meadows Community:

Take Highway 6 south to William Fitch Pkwy (Hwy 40) and go right.
Take the first left turn lane onto Arrington Dr. to the stop sign.
Take a right onto Greens Prairie Rd.
Continue on Greens Prairie Rd past Castlegate.
At the stop sign continue straight and Creek Meadows will be on your right. Once you reach the entrance, follow the bright yellow”Open House” signs.

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4906 Fairfield Ct

Wednesday, March 10th, 2010

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New Builder Homes Off to a Good Start in 2010

Tuesday, March 2nd, 2010

In the midst of the national economic slow-down, local builders are starting 2010 off with strong statistics. Permits issued in January 2010 to construct new homes were up 90% compared to January 2009. These numbers are likely influenced by the first time buyer tax credit that is set to expire this spring. To be eligible for receiving the tax credit, home buyers must be under contract by April 30. The folks looking to buy a new home in the near future have been prompted by the credit, as we saw in the pick up in home sales at the end of 2009 as the original tax credit was set to expire. Most of these new homes are priced under $200,000.

One of the most popular new developments is the Community of Creek Meadows in South College Station. We are proud to be listing several beautiful new homes in this area. Built by TC Homes, these homes range from $169,900 (1514 sq ft) to $212,000 (1965 sq ft). Several homes are now complete and the remainder are currently under construction.

As for home sales in January, this year’s sales for the month were slightly higher than sales from January 2009. We will continue to eagerly watch what the market is doing in Bryan-College Station and hope to see steady economic growth in the housing market.

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