Granbury Real Estate and the Market Trend in May 2010

By
Real Estate Agent with Coldwell Banker United Realty Professionals

Down 15 homes from April, Hood County saw 76 single familt dwellings change hands in May according to the North Texas Real Estate Information System, my chief "relied on" resource.

Of those sold, only 2 properties were over a half a million bucks, averaging right at $600K, bringing 92% of the their list price, on the market for 264 days got you a home with about 3102 sqft. 

Three properties sold between $400K and $500K, all waterfronts and one had 10 acres with in. They sat on the market for about 294 days average. That bought you a three bedroom, three bath, triple car garage home with 2932 sqft of air conditioned and heated living space.

 Three properties also closed in May in the $350-$399K range. One distressed in Pecan that was over 6K sqft. of living so it kinda skewed the numbers a tad. This range brought 95% of the list price & the average sales price was $373,167. That bought a 4/3/4 with 3980 sqft. See what I mean about the numbers?????

In the $300K-349,999 range, five homes changed hands bringing 96% of their list price. This bought a'91 model on 4.58 acres with three bedrooms, three baths and a double car garage. Only two sold between $250-299,999 averaging $268,750. This bought a four bedroom, two bath, double car garage home with 2119sqft. built in 1992 but the Buyers only gave 93% of the list price.

 Nine sold from $200K to $249,999. Two of those were brand new in Pecan and sold for about $95.37sqft. Accummulatively, $219,944, which was the average sales price, got you a 2129sqft. 3/2/2 home but you only had to give 96% of what the Seller was asking for the property.

 Properties that sold between $150K and $199,999 totaled 17 with three new ones in there. The average price in this category was $171,762 which bought a 3/2/2 with 1736sqft. Hummmmm......that's almost $100sqft. I'll have to look into that!

The 22 homes that sold in the $100K to $149,9 range averaged 1547sqft. for a '91 model that had been on the market for 155 days. It was a three bedroom, 2 bath, double car garage home that the Seller got 96% of what they wanted for it.

Under $99,999, thirteen homes changed owners. The average price being $56,962 bringing only 91% of the asking price but only on the market for 63 days. These were mostly bank owned properties that they had foreclosed and put back on the market.

 Well, there you have it. The facts with no hypothesis of what June will bring except some hotter temperatures & hopefully, a hotter real estate market!

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