HometownGeorgetown.com

I was curious to find out exactly how many homes are currently on the market in the MLS areas of GTE and GTW, so I ran a residential search for properties that are currently listed as Active or Active Contingent. (”Active Contingent” means that the sellers have accepted an offer on their house, but that offer is contingent upon the sale of the buyers’ home. If the buyers can’t sell their home by a date named in the contingency addendum, then the house goes back into Active status. In the meantime, other buyers are free to look at the home.)

There are currently 556 residences for sale through the MLS, 143 of which are in GTE, and the other 413 in GTW. (Two of them, by the way, are Active Contingent.) There are 20 condos for sale, 3 garden homes, 5 manufactured homes, 3 mobile homes, 3 townhouses, and 522 single family homes. The homes range in price from $52,000 all the way up to more than $2.5 million. The oldest home was built in 1870, and the newest is still under construction. You can’t get any newer than that. The smallest home is 480 square feet, and the largest is 8000.

What does the average home currently for sale look like? It’s a three-bedroom, two-bath home with 2367 square feet, sitting on a one-acre lot, and it’s listed for $318,502. This seemed like a high average list price to me until I saw that 13 of the homes currently on the market are listed at more than $1 million. These high-end homes have been on the market an average of 151 days, much higher than the 97-day average for the entire list of homes currently for sale. This market is so specialized, it makes sense that it would take longer to find the perfect buyer. There aren’t a lot of buyers looking in this price range. (But if you are - by all means, please call me at 512-876-6544. I’d be happy to help you find your dream home.)