2011 Real Estate Market Update

2010 Brazos County Property Taxes Update
March 1, 2011
Century 21, Beal Inc. of Bryan-College Station Welcomes Alisha Parker
March 7, 2011

2011 Real Estate Market Update

2011 Real Estate Market Update

Bryan/CollegeStation, Texas Real Estate

 

Can you believe we are already at the end of the second month of 2011 and starting the 3rd? The older we get the faster time seems to pass… Boy I sound old now!

2010 was an odd year for real estate. Most of our business was in the first half of the year. 2011 is starting off with a BANG. Our office is very busy with buyers and sellers!


The market is showing us that the choices buyers have are much greater than they have had the last few years. January 2011 had 182 MORE properties available for buyers to choose from than January 2010.

The number of new listings coming on the market is right in line with the number of properties from 2008 and 2009 yet there are way more for buyers to choose from. So – properties are staying on the market longer…

Sales for January 2011 were better than January 2009 and 2010. YEA!


Average Days on the market has gone way up compared to January 2010. January 2010 was 126 days and January 2011 is 153. That is a concern for me. This is higher than 2009 and 2010.

 

The Average Sales Price for January 2011 is less than 2010 too. Average Sales Price for January 2010 was $170,237 yet January 2011 was $162,153.  Do we need to be concerned?


Checkout the graphs on our newly enhanced website. Tell me what you think.

The first 10 Non Century 21 Family and Agents that comment about the real estate market in Bryan/College Station on THIS POST will be sent an email back telling how to get a Century 21 Beal flashlight!  Ready to win? Be sure to tell me in your comments where we can email you and who sent you the email inviting you to register to win!

2 Comments

  1. Mariela Laprea says:

    Susan……you are not getting older, your are getting wiser! And regarding the market in our area sellers really need to price their properties very competetively to get them sold in short time…..still a great market!

  2. Brent,
    Thanks so much for your comment. It is really scarey how much all our lives are tied together. I think housing devaluation is over or right near it. The great part is that Bryan College Station didn’t have the huge increase so we didn’t have the great decline either!
    Susan