Showing posts with label market analysis. Show all posts
Showing posts with label market analysis. Show all posts

Wednesday, February 6, 2013

NEW TERRITORY MARKET ANALYSIS

New Territory is a master planned community in Fort Bend county in Sugar Land, TX. New Territory built on 3200 acres including 450 acres of parks, lakes and recreation centers.

There is 4600 homes and minutes away from shopping centers and restaurants. Here is the market analysis as of 2/6/2013

Homes for Sale: 28
Asking Price:
$148,000 - $675,000
Homes under contract:
15
Foreclosures or Short Sales:
3
Homes SOLD in the last 6 month:
115
Average Sale Price to Asking Price:
97%
Average Days on Market:
55 days
Average Price per Sq.Ft.:
$88.89

Click here to see all the homes for sale in New Territory and Sugar Land TX. For more information about the market analysis in your neighborhood, please feel free to contact me any time for FREE consultation.

Jimmy Farag, Realtor
Realm Real Estate Professionals
Phone: 832-303-5000
Cell: 832-744-7424
Fax: 281-598-5402
Homes for sale in Sugar Land
Foreclosure Homes
Sell Your House in 39 Days or Cash Back

Tuesday, October 30, 2012

I Want to Sell My House, How do I Start?

I will not talk about curb appeal, paint, staging, etc..because that is given that you have to keep your house in tip-top shape to sell, there is a very important critical point that hold your house from selling.

DO NOT OVERPRICE YOUR HOUSE!!
DO NOT OVERPRICE YOUR HOUSE!!
DO NOT OVERPRICE  YOUR HOUSE!!

You can paint the whole house with beautiful neutral color, upgrade the kitchen's counter tops, cabinets, new carpet or hardwood floors and spend a lot of money, BUT if the price is too high, it will not sell. Would you pay $40,000 for a car that is selling everywhere for $25,000?

I will share with you just one example from real life, not just bunch of yada yada :)

A seller had his house in a great shape, regular maintenance, has upgrades which is perfect and was listed for $205,000. Similar homes in the same subdivision were listed in the 180s. Can you look at it from the buyer's point of view just by looking at the houses info on the MLS. Oh! both are 3 bedrooms 2 baths, hmmm same square footage and all of them been more than 5 months on the market. Buyers will pass on your house and will not see it. That is reason ONE not to overprice.

Reason TWO, still about the same house in the example above, the last house sold in the neighborhood for the same size was appraised for $172,000 (No wonder all of them been on the market for more than 5 months). Do you know what does that mean that it's been appraised for that amount??

Let's look at the buyer' side again and his mortgage:

Assuming the buyer will pay 10% down payment.
The Bank will lend him 90% of the lesser of the appraised price or the contract price: which means in this case that the bank will lend the buyer 90% of the $172,000 not the $205,000 because the bank said that is the real value of the house. Do you think the buyer will pay an extra $30,000?

After they had their house listed for 7 months with very few showings and no offers, they listed the house with me, we got offers in less than 2 months and it was sold in 70 days!! Yay :) 

We can't blame the market being bad or that there are no buyers in this economy or the realtor didn't market the house right. There was more than 53000 single family homes (not including townhomes & condos) sold in the Houston Area in 2011 and around 46000 sold in the first 9 months of 2012. These are big strong numbers!!

Feel free to contact me any time for your home market analysis or any other questions you have

Jimmy Farag, REALTOR

Realm Real Estate Professionals

Phone: (832) 303-5000

Cell: (832) 744-7424

Fax: (281) 598-5402

Homes for Sale in Sugarland TX and Missouri City

Homes for sale in Katy TX

See All Foreclosure Homes

Monday, October 8, 2012

Home Market Analysis for Missouri City & Brightwater neighborhood

MISSOURI CITY MARKET ANALYSIS

 
This is the market activity in Brightwater Subdivision and Missouri City TX in 2012 as of 10/8/2012
There are six subdivisions in Brightwater, built in the 90s, with an average of 3800 square ft and average price range around $280,000.
     
 

Brightwater

Missouri City TX

Homes for Sale

5

456

List Price

$245,000 - 350,000

$20,000 - 1,480,000

Foreclosures or Short Sales 2 66
% of Foreclosure of Homes for Sale 40% 14%

Houses SOLD Year to date

23

946

Sale Price

$198,000 - $415,000

$21,000 - $1,250,000

Average Days on Market

83 days

86 days

Average Price per Sq. Ft.

$86.34

$68.67

     

This information is about the Homes in Brightwater and Missouri City TX, the analysis can vary from one neighborhood to another. For more information about the market analysis in your neighborhood, please feel free to contact me any time for FREE consultation.

 

For more information, contact Jimmy

 

Jimmy Farag, REALTOR

Realm Real Estate Professionals

Phone: (832) 303-5000

Cell: (832) 744-7424

Fax: (281) 598-5402

Homes for Sale in Sugarland TX

www.SellMyHouseJimmy.com

www.HoustonHomesforSale-Here.com

www.HoustonForeclosureHomesFree.com

Monday, July 9, 2012

Market Analysis of Vicksburg in Missouri city

MISSOURI CITY MARKET ANALYSIS

 
This is the market activity in Vicksburg Subdivision and Missouri City TX in 2012 as of 7/9/2012
There are two subdivisions in Missouri City, Vicksburg Village of Cumberland and Vicksburg Village of Shiloh. They have a total of 510 homes combined. The median year built is 1990
     
 

Vicksburg

Missouri City TX

Homes for Sale

14

490

List Price

$98,500 - 217,500

$30,000 - 1,799,999

Foreclosures or Short Sales 2 68
% of Foreclosure of Homes for Sale 14% 13.87%

Houses SOLD

11

608

Sale Price

$100,000 - $185,000

$21,000 - $855,000

Average Days on Market

50 days

86 days

Average Price per Sq. Ft.

$46.63

$68.67

     

This information is about the Homes in Vicksburg and Missouri City TX, the analysis can vary from one neighborhood to another. For more information about the market analysis in your neighborhood, please feel free to contact me any time for FREE consultation.

 

For more information, contact Jimmy

 

Jimmy Farag, REALTOR

Realm Real Estate Professionals

Phone: (832) 303-5000

Cell: (832) 744-7424

Fax: (281) 598-5402

Homes for Sale in Sugarland TX

www.SellMyHouseJimmy.com

www.HoustonHomesforSale-Here.com

www.HoustonForeclosureHomesFree.com

Thursday, June 28, 2012

Are Houses Selling in Houston?

Are Houses Selling in Houston?

With the uncertainty in today's economy, home sellers are wondering if the houses are selling in the Houston area. 

I would like to tell you that the Houston Market is strong and not like the east and west coasts. Home prices might have dropped in some areas because of foreclosures and short sales but we are talking about 10-15% of the whole real estate market in Houston.

Here are the homes sold sorted by price range in the Houston Area in 2011 compared to the home sales in 2010

Price Range

2010

2011

 

Up to $100,000

12,073

13,462

12%

$100k to $200k

21,333

20,774

-3%

$200k to $300k

8,920

9,300

4%

$300k to $400k

4,015

4,415

10%

$400k to $500k

2,070

2,185

6%

$500k to $600k

1,024

1,099

7%

$600k to $700k

674

705

5%

$700k to $800k

377

433

15%

$800k to $900k

274

321

17%

$900 to $1M

199

224

13%

$1M to 1.5M

437

463

6%

$1.5M to 2M

161

154

-4%

$2M +

127

143

13%

Total Homes Sold

51,684

53,678

4%


Currently, the market has a shortage supply which are the houses for sale and good houses can be sold in 10 days.
 
Would you like to know if houses are selling in your area, please feel free to contact me 

Tuesday, May 17, 2011

Sugar Land Market Analysis

SUGARLAND MARKET ANALYSIS

Homes for Sale

860

List Price

$43,000 - 3,495,000

Houses Sold

306

Sale Price

$45,000 - 2,950,000

Average Days on Market

72 days

Average Price per Sq. Ft.

$81.13

  

This information is about all the Homes in Sugarland TX, the analysis can vary from one neighborhood to another. For more information about the market analysis in your neighborhood, please feel free to contact me any time for FREE consultation.

You can also see all the Homes for Sale in Sugarland

Search by

Zip Code: 77478 - 77479 - 77498

Neighborhood: Avalon, Barrington Place, Greatwood, New Territory, Sugar Creek, Sugarmill, Sweetwater, Telfair

 

For more information, contact Jimmy

Jimmy Farag, REALTOR

Realm Real Estate Professionals

Phone: (832) 303-5000

Cell: (832) 744-7424

Fax: (281) 598-5402

Homes for Sale in Sugarland TX

www.SellMyHouseJimmy.com

www.HoustonHomesforSale-Here.com

www.HoustonForeclosureHomesFree.com