Elkins Lake Market Report April 2013
Elkins Lake is a lovely neighborhood located in the southern end of Walker County and surrounded by the National Forest. Residents enjoy three 9 hole golf courses, tennis, swimming, a country club, and walking trails. The streets are winding, and wide -- and my favorite things about Elkin’s Lake are the mature trees and the deer.
It’s no wonder that Elkin’s Lake residents enjoyed 95% of their asking price for closings in April of 2013. For the year, they have an average of 96%. Why did the percentage go down in April? It is my opinion that the list to sales price percentage went down because buyers had more choices in April than they did the first quarter of the year. But whether 95% or 96%, the numbers speak well for Elkins Lake!
As of 7:50 am this morning (May 1, 2013), the Houston Association of Realtors MLS shows that for the month of April 2013:
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7 homes were sold and closed,
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3 homes are in their Option Period (click here to find out what an option period is)
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6 homes are tagged as Pending Continue to Show (More than likely there is going to be a mortgage on the home and there is always the possibility that something may fall through on the lending), and
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7 homes are listed as Pending (It is likely a cash deal and not likely to fail and or the lender is a trusted lender and the loan is expected.)
Currently there are 41 active single family home listings in Elkins Lake. These homes range in price from $102,950 to $474.900. So as you can see, Elkins Lake offers something for everyone. From a townhome, to a patio home -- a mansion -- or something in between, you’ll find it in Elkins Lake!
For the month of April 2013, home sales in Elkins Lake sold for a minimum of $140,500 all the way up to $223,000. The size of these homes varied from 1,597 to 2,890 in square footage, and were on the market for an average of 58 days.
If you are considering the purchase or sale of a home in Elkins Lake, let me put my knowledge to work for you. I am Joni Staples, Broker Associate with Prudential Anderson Properties, and I look forward to earning your business, and exceeding your expectations!
Call me today at (936) 650-9017.
Elkins Lake Market Report April 2013
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