College Station and Bryan Real Estate 2007-2008 Comparisons

Postive Spin
January 5, 2009
Real Estate Career in College Station
January 30, 2009

College Station and Bryan Real Estate 2007-2008 Comparisons

So what is REALLY going on in Bryan/College Station, Texas real estate and how does it affect YOU and YOUR home?

 

The Bryan College Station Multiple Listing Service reported the following information about our LOCAL real estate market – 

 

                                    2007              2008                % Difference

# Listing Inventory      1,118                      976                      -12.7%

# Closed Sales             2,539                    2,490                    -2.0%

Sales Closed Vol.      $418,307,000       $420,802,000               +0.6%

Avg. Sales Price          $164,753            $168,997                     +2.6%

 How does this compare to the Houston, Texas real estate market?

 The average sign family home in Houston dropped 10.4% last month to $192,135 compared to December 2007 but rose 1.0 percent to #208,266 on a year to date basis. The total number of properties sold dropped 16% in Houston – (according to the Houston Association of Realtors – HAR)

 So, what does this mean to YOU? Well, it depends…

 Because even local real estate markets are very diverse and the above numbers may not directly apply to YOUR property if your property is…

  • Above $250,000 in value
  • In College Station rather than Bryan
  • Rural property
  • Mobile home

Thanks and next month watch for a comparison of January 2008 and January 2009 LOCAL real estate information.  Century 21 is YOUR source of real estate information!

 So, let me know when you are ready for a look at what the prices in YOUR neighborhood are doing.  Pass this on to friends and family so they will know what is happening locally.

 

Susan Hilton

Susan Hilton – Realtor & Sales Trainer for Century 21 Beal

Want to Search the Bryan/College Station Real Estate MLS? CLICK HERE!!!

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