These numbers were taken from the Waco Association of Realtors residential homes sales only and are deemed accurate but not reliable. Now that the disclaimer is out of the way, here are the
IMPRESSIVE FIRST QUARTER NUMBERS
Average Quarterly Sales
2009 1st Qtr - 137
2010 1st Qtr - 143
What this states is that sales are up from last year. (good news)
Average Quarterly Sales Price
2009 1st Qtr - $120,319
2010 1st Qtr - $126,656
Impressive we raised the average sales price by $6,000. (good news)
Average Days on Market for 1st Qtr
2009 1st Qtr - 150
2010 1st Qtr - 130
This makes sense, sales are up so inventory isn't staying on the market as long
What does all of the above mean for the home sales above the $200,000 price mark?
Average # of Sales for Homes Greater than $200k
2009 - 1st Qtr - 19.3
2010 - 1st Qtr - 18.7
About the same number of homes sold last year as this year, so sales for the $200K + have not seen an increase. Not great news, but the good news is that they didn't see much of a decrease, less the 1 whole home.
Texas has seemed to always have its own housing bubble and although we have our fair share of foreclosures, our market hasn't been hit as hard as others and we seem to be making somewhat of a rebound.
If you are curious as to what your specific neighborhood is doing in the McLennan County area, please feel free to visit www.MyMarketReports.com .