“World's Most Complete Neighborpedia”
Explore:   What's happening in your neck of the woods?

McAllen, TX

McAllen Residential Market Report

04-18-09
Rene Galvan
Rene Galvan: Real Estate Agent in McAllen, TX

As with most of the country, real estate transaction volume in the McAllen Texas area has dropped. During the 4th quarter of 2008, sales decreased to 535 homes sold. Some of the factors contributing to the slowdown include the seasonality of real estate, the tightning of credit and buyer hesitation caused by media hype. Many files that were in process of closing were also delayed due to underwriters "overanalyzing" files.

Quarterly Sold Report Foreclosure percentage Average Sold Price

During the 1st quarter of 2009, sales had a slight increase to 544 homes. But volume is down 15% compared to the same period last year.

In 2008, Foreclosures continue to gain market share as a significant component of the local real estate market. During the first quarter, REO / Foreclosure properties accounted for 47% of all closings. They only represent 11% of the inventory (233 of the 2,146 active residential listings) The turnover rate of REO listings is less than 3 months.

Banks are becoming more aggressive to move these foreclosures, which has dropped the average price of sold homes in this market. The banks are pricing their foreclosures so competitively that multiple offers will be presented, especially if the house meets FHA guidelines. The average sold price dropped 14% compared to the 4th qaurter of 2008 to $110,035.

On a positive note, the lending process is improving. As we enter the traditional selling season, many potential buyers are coming off the sidelines and are ready to take advatage of the bargains and claim an IRS tax credit for 1st time buyers.

Hold on to Positive Thinking Year Around.

Mary Ann Garcia : Virtual Assistant in McAllen, TX

Positive Thinking-Achieving Business Goals-Team Player


$: Write it down your goals for 2009
$: Be motivated to achieve your goals
$: Have a vision,image, a picture to remind you
$: Think positive
$: Have a team of team player
$: Be confidence have faith in your self and what the company can be.

Achieve any goals in life do the step that will get you there---think of positive thinking--- that what my mom will tell me. it a free tool to help your business goals. find common ground that lead to new opportunities that open for you. Be around positive, motivated have a group of team player. Hold on to positive thinking year around.

Maverick Virtual Assistant has the same goals MVA wants to achieve, MVA always been a team Player that works side by side. LET'S find common ground to work each other. Set your goals for 2009

Mary Ann
Maverick Virtual Assistant
956-793-6524
www.southtxt.com

"""NEEDED IMMEDIATELY: LICENSED BUYER'S AGENTS TODAY-LEADS PROVIDED***

10-21-08
Ron Beard
Ron Beard: Real Estate Brokerage in Plano, TX

***NEED IMMEDIATELY: LICENSED BUYER'S AGENTS TODAY*** (edit/delete)

New Homes Realty is currently seeking licensed Texas Realtors to sell in Brownsville, McAllen, Lubbock, Victoria and the surrounding areas. If you are thinking about making a change to increase your business, I believe my company would be a great fit for you:

  • We are exclusive buyer's agents, we don't take listings, we are internet based and we offer online training and personal coaching sessions.

  • We provide free exclusive leads and you work from home and set your own hours. Since we only work with buyers, you will have the opportunity to refer any listings and receive a referral commission without the cost of marketing or listing a property.

  • We offer two commission options plus an additional 5% on all self generated leads. Along with a bonus program based on units and volume you have the ability to quickly earn additional income.

  • Bilingual a plus, but not necessary.

Please take the time to visit our website at www.newhomes.com

I will be conducting interviews for these markets over the next few weeks. I would like the opportunity to meet you personally and tell you more about our company.

Sincerely,

Ron Beard

Managing Broker, New Homes Realty

214-912-9984 CELL

214-387-6043 OFFICE

214-387-6044 FAX

McAllen Residential Market Report

10-07-08
Rene Galvan
Rene Galvan: Real Estate Agent in McAllen, TX

Contrary to all the "gloom and doom" presented about the national real estate market, our local market of McAllen, Texas has demonstrated a strong performance in 2008. On a YTD comparison of September 2008 versus September 2007, the McAllen market has dipped only 6.9% for the number of houses sold in the MLS. As of September 30, 2008, the YTD sales for McAllen equals 1956 homes. During the same period last year, 2101 houses were sold.

In addition to sold data, the Greater McAllen Association of REALTORS (GMAR) is also tracking the number of houses under contract. At the end of September, there were 432 sales pending. These contracts should close during the last quarter of 2008. Last year, we had 358 sales pending on 9/30 and sold 612 houses during the fourth quarter. As lenders increase their review time (underwriting) to give final approval on loans, the transaction period is taking longer.

It is taking approximately two months to move transactions from "pending" to "sold". At our current rate, we are on track for Total Sales in 2008 to be within 10% of Total Sales for 2007.