China Spring Area Residential Market Report-Feb 08

If you are interested in knowing what is happening in the China Spring area Residential Market, here is a recent breakdown of activity. For the purpose of this report, I am only including those homes located within the China Spring ISD.

As of today, 02/04/2008, there are currently 100 "active" MLS Residential Listings. Most of which are located in China Spring, and Waco with a few located in Crawford.

Active Prices range from $34,900 - $997,750 (mobile homes to elaborate executive homes)

Since 01/01/2008 -

8 SOLD

 Average Sold Price of $101,990 

Average Days on Market -115

Average Sold per Sq Foot--$66

I will tell you  that these figures are probably not the typical snapshot of this area. As the months progress into 2008, you will most likely notice the average and price per sq foot increase quite significantly. Keep an eye on my blog for regular monthly updates.

 If you are looking at new or newer homes, the above figures are not a good reflection at all. Plan to spend quite a bit more than the average sold/per sq foot prices you see here if you are a buyer in this market. And if you are seller, make sure you get a good market analysis of your new/newer home BEFORE placing on the market.  You do not want to lose money as a seller, but you also do not want to overprice.

Also be advised that there are a good mixture of subdivisions and properties in the China Spring area. As I noted, everything from small manufactured homes to beautiful executive homes with and without land. If you are trying to sell, it's very important to know exactly what YOUR neighborhood is doing, NOT the neighborhood 5 miles away or even in the next subdivision. Each area is different. Make sure you get your facts straight.

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Living in the China Spring area myself, I have a special interest in local market trends. If you are interested in a more detailed breakdown of the area, or would like to know how much your China Spring Home is worth, feel free to contact me anytime.  I am happy to provide you with a FREE, no obligation initial consultation.

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Need more information about the China Spring, TX area? Looking to buy or sell a China Spring, Tx Home?

CONTACT ME

Wendy Montoya

YOUR Waco Realtor® at work for YOU!

Century 21 Towne Adams

Waco, TX Homes

Please be advised that the figures obtained for this report were gathered from the Waco MLS, 02/04/2008. Although believed reliable, these figures cannot be guaranteed. Use these figures and any other information in this blog at YOUR OWN RISK.