This week in residential real estate in Georgetown, Texas
March 31, 2008 at 8:46 pm , by Jenel Looney
| Real estate seems to be booming these days. I already mentioned that representatives of two title companies told me that things have really picked up here recently. A representative from a third title company said the same thing today. (And I was there for a closing, so I’m feeling great about the real estate market these days.) Take a look at the table to the right, and you’ll see that we’re not alone in noticing that buyers are out there making offers. Pay particular attention to the number of deals that have gone Pending over the past seven days. (These are residential sales only. I am not factoring in lot sales, farms, or commercial sales.) |  |
| 17 of the pending deals are in GTE, with twice that many in GTW. When you look at the sales by price range, you note that the largest segment of the market continues to be the $150,000-199,999 price range, with 16 of the 51 deals that went under contract this week. There were six homes priced at over $400,000 that went pending this week, and that’s a price range that has struggled some in recent months. It feels as though buyers were holding their breath for a few months, but now people are out there making offers. And sellers have played a part, too, as they have come to accept that we’ve experienced a moderate price correction. | |
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Category Georgetown Real Estate / Tags: /
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