There is just no way around it, last year was a challenge regarding our property values. However, be of good cheer, the turn around is here! Virtually every city in the metroplex is up substantially over this time last year. According to our local board of realtors statistics, the number of home sales are up an average of 15.6%. Some areas of note are: Southlake...up 61.9%, Colleyville....up 24% and Trophy Club up a wopping 90%.
The other side of the good news is this. Homes in our area are bringing over 95% of their listed price!
Why? The driving factor seems to be the availability of extremely low interest rates. One of my buyers went VA and locked in below 4.5%.
If you're thinking about buying or selling but want to do a little on line research for yourself, go to my web site at http://www.homesbyal.com/. Click on Search the MLS button on the left. Registration NOT required.
Then call me anytime for additional assistance.
Blessings
Al Davis
