July 2011, Lubbock, TX Market Stats

By
Real Estate Agent with The Diamond Group @ Keller Williams

The Lubbock Tx Market Statistics are out for the moth of June.  Sales are going pretty well for the first half of the year in price ranges under $300,000.  Prices remain soft and sellers pricing their homes to sell and in the top condition are seeing their homes sell in a reasonal amount of time. 

The price ranges under $300,000 are selling in under 6 months, again when priced correctly.  After $300,000 homes are moving into an 11 month supply and not getting better as the price goes up.  Bad news for the many beautiful luxury homes!

To guide you through our market in whatever price range you are buying or selling please call the experience and service at The Diamond Group because I care!  806-771-HOME(4663).

Price

Range

Number of

Active Listings

Months Supply of

Inventory

  

2

Bedrooms or Less

3 Bedroom

4 Bedroom

Or More

Number of Pending

Contracts

Monthly

Expireds

Number of Expired

YTD

Monthly

Solds

Number of Solds Three Months

Number of Solds  YTD

Average

Sold

Price Last YTD

  

List to Sales Price Ratio

  

Average

Days on Market

Under

$49,999

87

4.83

50

       35

2

50

6

47

18

61

110

$30,953

91.67%

100

$50,000-

$99,999

440

4.48

85

312

43

108

16

133

98

269

422

$76,898

95.58%

110

$100,000-

$149,999

479

4.27

20

400

59

114

22

141

112

271

446

$119,971

   96.81%

108

$150,000-

$199,999

260

       4.81

16

148

96

        55

5

67

54

143

211

$168,165

   96.18%

116

$200,000-

$249,999

129

5.86

6

56

67

26

4

30

22

59

93

$217,315

97.14%

112

$250,000-

$299,999

87

5.11

N/A

34

53

18

5

24

17

41

64

$269,427

96.59%

141

$300,000-

$399,999

137

     10.53

2

44

91

22

5

36

13

26

50

$335,223

   95.94%

136

$400,000-

$499,999

      80

      40.0

N/A

11

69

5

1

20

2

8

17

   $428,229

95.98%

152

$500,000-

$599,999

28

      28.0

N/A

4

24

4

1

5

1

9

12

$509,627

  89.62%

174

$600,000-

$699,999

22

      11.0

2

5

15

         1

N/A

       4

2

2

3

$670,667

99.46%

197

$700,000- $799,999

16

      16.0

N/A

3

13

1

1

3

1

1

4

$743,750

  96.85%

152

$800,000-

$899,999

5

      N/A

N/A

     N/A

5

N/A

N/A

1

   N/A

N/A

1

$820,000

   100%

2

$900,000-

$999,000

5

      N/A

N/A

1

4

N/A

1

4

   N/A

N/A

N/A

N/A

N/A

N/A

Million Plus

14

     14.0

N/A

N/A

14

       N/A

1

       2

1

1

       1

1,318,000

90.90%

117

Posted by

The Diamond Group of Keller Williams Realty

'A Cut Above The Rest'

4747 S. Loop 289 Suite 110

Lubbock, Texas 79424

 

806.771.HOME (4663)

thediamondgroup@kw.com

www.lubbocktxhomes4sale.com

 

 

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Comments (3)

Gary Woltal
Keller Williams Realty - Flower Mound, TX
Assoc. Broker Realtor SFR Dallas Ft. Worth

The above $300K home is a stretch you are right Elizabeth with those days on market. Probably is best to price those ones as aggressively as possible.

Jul 10, 2011 12:56 PM
'The Diamond Group' 'A Cut Above The Rest'
The Diamond Group @ Keller Williams - Lubbock, TX
Lubbock Texas Real Estate

So true Gary, is your market having this experience too?  Or are all price ranges selling about the same?

Jul 10, 2011 12:59 PM
Karen Anne Stone
New Home Hunters of Fort Worth and Tarrant County - Fort Worth, TX
Fort Worth Real Estate

Elizabeth:  It sounds like your market under $300,000 is going pretty well.  I know that's a pretty active part of the local Fort Worth market as well.  But... the Fort Worth market is such a reasonable market as far as what you can get for quite a bit under the $300K mark.  It's been a long time... probably since perhaps 1994... that I sold a home over that $300,000 mark.

By the way... it just looks like putting that marketing charge in your post is quite a bit of work.  I am guessing that both the buyers and the sellers in your local Lubbock market appreciate it.  Great job !

Jul 10, 2011 06:16 PM

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