Katy Texas has avoided Roller Coaster Ride of Values and Prices

Katy Texas has avoided Roller Coaster Ride of Values and Prices

Katy Texas is probably different from the vast majority of the United States when it comes to home values and home prices. Realestate.com recently ran an article titled “Riding the Trillion –Dollar Real Estate Recovery Roller Coaster” which discusses the huge fluctuations in home values and prices that the vast majority of the United States has encounter  during the previous five year period of time. Right now most accounts of these statistics on a national basis are that the values for the most part are rising along with prices. Katy Texas has avoided Roller Coaster Ride of Values and Prices as this market area has and hopefully will continue to see tremendous economic growth as opposed to retraction. The economic growth has certainly helped to fuel the home market. Katy has never experienced large jumps in home prices up and the other side never seen large decreases in prices either.

 Katy Texas like all of the United States is made up of numerous smaller sub-markets mainly based on neighborhoods. I cannot tell everyone that all neighborhoods in Katy Texas have fared as well as the numbers indicate as that is not true. There are several neighborhoods which have been hit by the malaise called foreclosures and short sale mania. However, the vast majority of neighborhoods have not had that happen at all. I have to say, I personally have had numerous E-mails and phone calls from consumers all looking for the once in a life time home purchase deal. I have had to tell these folks it does not exist in Katy Texas. I was in a home last night a client wanted to see and it was priced at least $20 per square foot cheaper than all the other homes available in the same area. The MLS write-up stated it was a short sale. Of course it had been on the market for almost one year and was not located in South Katy. This place is a total dump and no wonder it was so cheap in price. There are always outliners in any given market. Some neighborhoods here in Katy Texas have been hit by bad times but at the same time unless a home is a total dump like the one I previously mentioned these price fluctuations have not been as severe as the rest of the country.

Let us take a quick look at the current situation of the South Katy Texas or MLS area 36 which I think it easier for folks to follow what I am talking about.

When I look at the numbers in the above Chart it tells me this is a Sellers’ Market. Demand during 2012 and prices are much stronger this year than in the past. Buyer’s demand for homes is still strong and I expect this whole trend to continue at least through the end of October. After the election all my bets are off the table. Katy Texas values and prices have for several years seen small but positive increase in prices and values. I personally do not expect that to change much in the future. This statement does not mean that I can guarantee any buyer or seller that when it comes to sell once again that they will enjoy a large or any profit at all on the sale of their home. I have had folks actually want me to make such a guarantee.

New home builders are running out of available inventory as we speak of this markets stability. That trend will continue into next year and maybe pretty severe by the end of first quarter 2013.

Katy Texas for so many positive reasons is a great place to call your home and I would be happy to share all these advantages with anyone who wants to know. Contact me at your earliest convenience.