The Beer-bug’s got the best of us right now.. and we’re all tired of bad news. So I’m not going to give you any.
Instead, here’s a little geek-peek at our Real Estate market here in Grassland. In case you’re thinking of buying or selling a home soon — or are just curious about your values — here’s how it all shook out in February.
Williamson County Breaks Record
Let’s look first at the big picture – A gangbusters February for county-wide residential Real Estate closings!
The Williamson County Association of Realtors just released their monthly report. Here’s what it shows:The number of sales between residential homes and condos in February 2020 is 349, up from January, and continuing an upward trend that has been on a consistent incline each February, year over year.
Also on the incline: Sales prices and Price Per Square Foot.
The county’s Sales price is averaging $631,674 (median: $545,000).
This is about a 33% increase from the sales price 5 years ago,
in February 2016!
The county’s average Sales Price per Square Foot is $194.
How Grassland Compares
Let’s zoom into our quaint little corner of the county.
We had 19 of those countywide sales in Grassland during February 2020. That’s a sharp drop from 2018 and 2019. But right on par with our average over the past ten years of 18.5 February sales.
More details for February 2020 in Grassland:
- Average Sales Price: $1,038,144
- Average Days on Market: 25
- Average Sales price per square ft: $245
This interior picture shows its grand entry foyer and the french country design theme that’s consistent throughout the house.
The lowest priced home sale in the Grassland area for February 2020 was $220,000 — a 2 bedroom, 1 bath townhome in Brentwood Pointe. It sold its first day on market.
Timing is Everything
It’s safe to say soon homes like these (or any home for that matter) won’t be flying off the shelves like we’ve been used to. 22 days for a $2.8m home is not typical.
But it’s not the end of the world, either. We are due for a market correction and with a correction brings its own set of opportunities for buyers and sellers. Even if it may just be a slight correction. I’m not talking recession level, here.
Just weeks ago, there was increased optimism due to fixed mortgate rates hitting the lowest level in a half century. This led lending firms like Freddie Mac to chime in, saying “Given these strong indicators in rates and sales, as well as recent increases in new construction, it’s clear the housing market continues to be a positive force for the broader economy.”
I Told You
So chillax with a bottle or ten of wine while we wait for another dreaded Carol phone call.
You know what she’s gonna say next…
(I totally take this one back. I told you I wouldn’t tell you any more bad news.)
Do you know of someone wanting to buy or sell a home this year? Call, email or text me. I provide a free consultation to see what your home could sell for – or to get pre-approved to buy. I’m a Grassland area resident, I’m a Platinum Award-winning Williamson County REALTOR® ranking in the top 2% and I specialize in helping my neighbors buy and sell homes!