Homes ARE Selling in Crosby

Thinking of selling your home in Crosby and wondering what the Real Estate Market is like? Maybe this will help.

The date of this report is 2/24/2011. From 1/1/2011 through today 18 houses have sold in the Crosby zip code of 77532. Houses ARE SELLING! Here are some statistics:

They average 1931 square feet.

The average list price was $153,861 and the average sells price was 144,955.56 which is 94 % of the list price. This is a great number, as it shows that listing REALTORS are pricing houses close to actual sells price. (however, this might possibly be after multiple price reductions, which is not reflected in this number.)

Based on the numbers above, the average price per square footage was $75.07. If you are considering selling your house and it is on an average 1/3 acre lot, you may figure up your potential list price by multiplying the square footage of your home by $75 to see what your home is worth. Of course, if the condition of your house is really poor then it will not sell for that much, but over all, this is a very good method to calculate how much your home might sell for on the market this year. The price per square foot is actually up from 3 months ago, which is very encouraging if you are considering selling in the near future. Another interesting tidbit about Real Estate in Crosby is that in general, the further North your property is on FM 2100, the more it is worth. For example, houses in Newport fairly consistently run about $73/sq. ft, Lake Shadows are usually worth about $80 sq/ft, Indian Shores, $83/sq. ft.

One number that has not improved is the time on the market. The posted days on the market is based on renewed or brand new listing. That number in Crosby is 74.11 days. Combined days on market shows if the house was listed by one broker then switched, or pulled off the market for some reason then posted back up...That day is 109 days. That is a long time on average. We also had one house that really threw off the average because it sold in just 3 days on the market. This is a bit unusual in this market. If you are thinking of selling your house, be prepared for it to take between 4 months to a a year to sell. Of course, the lower you price your home the faster it will sell, so this statistic is relative to the property's situation.

6 of the 18 (yes, 1/3) properties that sold were corperate owned properties, (foreclosures/REO) and 2 other were rehabilated properties. This is very high for a community our size, but lower than many areas of the Greater Houston region. There are still many properties being held in inventory in the Crosby area, and as of today there are 26 properties on the list to go to auction on March 1st. However, it is fairly typical that some of the properties will be pulled off of that list before March 1st for whatever reason. For April 1st there are not currently posted.

As of today there are 174 houses listed active on the market in the 77532 zip code, and 9 that are under an option period on an executed contract, 9 that are under contract, but continue to be shown, and 13 properties that have executed contracts and are pending to close.

If you are considering selling your property, contact me and I'd be happy to send you a FREE Comparative Market Analysis, that compares your house to similar houses that are listed or have sold recently to find out how much you can get for your specific property.

If you are interested in buying a home, and want to make sure you get the best deal for your money, I'd be happy to help you with this. There are some really great, clean and well priced values in Crosby right now and I would love to help you find the right fit for your family! Call, text or email me for more information!