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Monday, December 10, 2012

Real Estate Market Update – December 2012



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We have exciting news to report about the first three quarters of 2012! In all areas, we have had a very good year, particularly considering some of the tough times Central Texas has faced (like much of the nation) since the housing market crashed in 2007.

Significant Market-Wide Jump in Sales, Year Over Year
This year, we reported a 17% market-wide increase in sales in 2012 versus the same time last year! That is a significant jump! The numbers are even higher in each of Harker Heights and Killeen. A thirty-six percent jump in sales in 2012 versus 2011 in Harker Heights marks good things for this area. Killeen saw a very sizable increase in sales of 21% this year.
The biggest news, however, is the Shine Team’s sales numbers. We are reporting a very significant and equally as exciting jump in sales of 150% this October as opposed to October 2011.

Ideal Market Conditions for Buyers and Sellers
Across the board, everyone is saying that this is a great time to sell. Why? Because inventory levels are lower than they have been in a long while. Interest rates continue to be at phenomenal lows and buyers are still out there eager to buy. Our market is moving – at times faster than others but the activity is strong despite the holiday season.

A down market usually means opportunity for investors and today’s market is ideal for investors plus trade-up homeowners, first-time buyers or those looking to find their dream home. But if you have a home you need to sell, consider that the average number of days on market to sell a home these days is about four months. Starting now, homeowners should look ahead to next spring as a viable time of sale.

Time is of the Essence; Act Now for Strong Results Later
So if you are targeting next spring or summer as a potential move date, we strongly advise you start the process now. Look into the things you may need to do to prepare your home for sale. Investigate your home’s value with a custom home value analysis done by our experienced team of REALTORS®. The key to our homes selling faster than those in the rest of our market is that we work very hard to competitively price our listings. In fact, those homes that are in great condition and priced right are the very homes to sell quickly these days.  

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To learn more, contact us today. We’ll send you our exclusive Central Texas Market Report, used by area media for their real estate market statistics, and you can have your very own access to the latest market resources that will help you make informed decisions.

jean@shineteam.com
254-690-4321