We all love living around Lake Conroe.  We love playing on the lake. We love playing in the lake. We all love living around the lake. However not even our love for the lake and all of the good things it entails can prevent a real estate price decrease. Yes even the homes prices around the lake we love have succumb to the decline in the real estate market.  Both the average price and the median price for MLS area 39 around Lake Conroe have taken a big hit in 2009.

How much are prices down? They are down in excess of 7% in 2009 versus 2008. 7% seems like a big number to me. In terms of dollars that 7% represents over $18,000 in the average price of a home and over $14,000 in the median price. Those are pretty big numbers. Those are numbers that we cannot ignore both as agents and as sellers. Those are big numbers that as buyers and buyers agents that we cannot ignore either.

When you combine this price decrease with the $8,000 first time home buyers tax credit you have significant opportunity. This is opportunity that should not be lost. It is opportunity that may not appear for many years to come.

There is even opportunity for sellers in these numbers. As a seller you may have to take a little less for your current home than you hoped however you will also pay less for the new home you buy. Remember for every action there is an opposite and equal reaction.

The numbers shown below tell the whole story. The numbers shown are for January through July for 2007, 2008 and 2009. Yes most of the numbers are not good. However, when I look at all of the numbers available to me and graph and analyze them I do see hope. I firmly believe that the bottom in our real estate market has been hit. I see upticks in several areas around our beloved lake and in our county. That is good news.

So for those of you who have been waiting for the bottom of the market to buy, sorry but I believe you have missed it. I believe we are on the way up. I believe now is the time to buy and sell. I believe our greatest opportunity is NOW!

If you have any questions please drop me an email. If you want to buy or sell some real estate please give me a call.

Thanks and have a great day.

Ron