Georgetown hotsheet update
November 10, 2007 at 8:53 am , by Jenel Looney
What’s happening this week in the Georgetown real estate market? Here’s a quick glance at some numbers:
During the past week, 48 homes were put up for sale in the MLS areas of GTE and GTW. Those homes are priced everywhere from in the low $50,000’s on up to three quarters of a million dollars. Something for everyone!
31 homeowners changed their asking price. The homes with changed prices have been on the market from 6 days up to about a year-and-a-half. You’ve probably seen the TV ads from the National Association of REALTORS, which say that now is a great time to buy. It’s true, especially in our market. We have outstanding prospects for job growth, and with all these people moving to our area in the years to come, I believe that home prices will rise. Right now, we’re seeing a bit of a dip, but I honestly believe that it’s because people here are reacting to national headlines. Our economy is strong. Plus, we never had the skyrocketing home prices that they saw in other parts of the country, such as California. This means that our home prices don’t have to plunge in order to reach a more reasonable level. We saw slow, steady, reasonable growth.
Because of the temporary slowdown we’re experiencing, if you can find a home right now that you love, it’s a good bet that the sellers will be motivated to work with you to get a good price. I’d be happy to help you find the home of your dreams. Give me a call at 512-876-6544 or email me at jenel@moreland.com.
Category Georgetown Real Estate / Tags: /
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by Brian Ortego
On November 10, 2007 at 9:07 pm
Great blog! As a construction manager for a builder, homebuyer under contract, and with my home on the market, I appreciate your insight into the local market.