Riverside Grove Home Sales, Bastrop, Texas
Despite the scares on TV, the market is holding strong in Riverside Grove. Nearly one out of ten houses in the neighborhood sold in 2007. The number of homes sold stayed the same from 2006 to 2007. A total of 42 homes sold in the subdivision in 2007. The average length of time on the market decreased for the entire neighborhood by four days from 2006 down to 2007. Average sales price for the neighborhood increased by $2,068 from 2006 to 2007. There were only eight foreclosure properties in the neighborhood for 2007.
To break this down even more, 10 of these homes were located in the Enclave part of the subdivision with four of these homes being 2-story and six were 1-story homes. The homes in the Enclave had an average sales price of $151,795 and spent on average 66 days on the market.
Twenty-four of the homes sold in 2007 were 1-story homes that were not in the Enclave. These homes sold for and average sales price of $124,901, up $5,623 from 2006. The average number of days on the market for these properties was 48 days, down 11 days from 2006.
Eight homes were 2-story homes not in the Enclave. These homes sold for an average of $137,513, up $3,047 from 2006. The average number of days on market for the 2-story properties was 106 days, an increased length of time from 2006 by 26 days.
So what does all this mean to you as a homeowner?
If you are looking to sell your house, now is the time for several reasons. The housing market is still strong in Riverside Grove, a well maintained house that is priced correctly should sell in a reasonable amount of time. The values of the properties in the neighborhood are increasing and there is still a want for people to buy in the neighborhood. Though lending restrictions have gotten a little tighter in the last six months, interest rates have dropped making it a good time for people to buy. Not only that, if you are looking to sell your house in order to move into a bigger house, it is a great time to do so. You may have the opportunity to sell your house, and get a new house at an interest rate equal to or lower than what you are currently at - therefore letting your money work for you.
No matter what you choose to do, remember that pride in ownership of your home and neighborhood are very important factors to keep your house values high and keep properties in the neighborhoods selling quickly.
If you would like to find out more specifics about the market please feel free to contact me at caitlyn@stanberry.com or (512)304-8760.
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