This week in residential real estate in Georgetown, Texas
March 10, 2008 at 10:18 am , by Jenel Looney
| There are currently 609 homes on the market in MLS areas GTE and GTW (Georgetown East and West). These homes have been on the market an average of 95 days. That doesn’t tell the whole story, though. Take a look at the chart to the right. Note how the Average Days on Market number of the homes priced at more than $400,000 jumps. Homes in this price range have been very slow to sell. |  |
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Three of the homes that were entered into the MLS this week have already gone pending. Two of those were priced at less than $80,000. (They were both manufactured homes.) The third was priced at $143,000. |
| The most expensive property that was added to the market this week is listed at $1.2 million. I assumed that this house was in either Cimarron Hills or Escalera Ranch, our two priciest subdivisions, but it’s not. It’s a house with under 1200 square feet on three acres. The location is what the owner and agent feel justifies the price - this house is near the intersection of Highway 29 and Ronald Reagan Boulevard (aka Parmer Lane). Only time will tell whether a buyer will see the value at that price, as well. This is definitely an area to watch in coming years. Williamson County is banking on increased traffic on both of these roads, so expect a lot of changes. |  |
Category Georgetown Real Estate / Tags: /
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