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Susan Hilton Texas Aggie Real Estate College Station Bryan Texas Real Estate

Bryan College Station Real Estate February Single Family Market Report 2009

Single Family Real Estate Monthly Market Stats

February 2009

2009 2008

# Listings in Inventory 1, 188 1, 351

Down - 12.1%

# Closed Sales 91 132

Down - 31.1%

Average Sales Price $172,928 $169,261

Up - 2.2%

# Volume $15,736,430 $22,342,476

Down - 29.6%

Days on Market 130 126

So what is really going on in the Bryan/College Station real estate market? The numbers don't look good but what you see above is the effect of the fear in the market in November, December and January with the elections, stock market decline and horrible national news. We are in a bubbled community but we still see some of the effects of the national news.

So what is going on right now? It depends! We are seeing the higher priced homes being reduced to get them sold. We are seeing the homes in the $120 - $150K in College Station that are in good condition and good areas, selling right away. Right now we have more buyers than we have good properties to sell.

Financing is a little more of a struggle than it was a year ago BUT THERE IS MORTGAGE MONEY AVAILABLE! Buyers need decent credit and they need a small down payment but that can come in the form of a gift until the $8,000 tax credit is received!

The last 2 weeks we have seen the stock market begin back up, the phones ringing, buyers buying and sellers selling.... I vote we don't listen to the national news anymore! Real estate is LOCAL and NOW is the time to move up to a nicer home!

College Station Real Estate Market Trends

For more information about the NEW HOMEBUYER $8,000 Tax Credit - http://susanhilton.com/2009/02/27/ready-to-file-for-you-first-time-home-buyer-8000-credit-in-college-station/ and http://susanhilton.com/2009/02/26/help-do-i-qualify-for-the-8000-tax-credit-in-college-station/ and http://susanhilton.com/2009/02/24/buy-a-home-in-college-station-and-get-8000-back/ Call me to take advantage of today's real estate market!

Susan Hilton 979-219-3970

College Station Texas WINS Again!

lynntech2The Real Estate Research Center's Recon Report on March 13, 2009 announced that Lynntech will be consolidating its operations and will become the new tenant of the former Westinghouse property at 2501 Earl Rudder South. The former Westinghouse property will be purchased by College Station Science Park LLC with Lyntech as the anchor tenant.

The plan is to redevelop 53 acres surrounding the facility as a science park "supporting scientific innovation and technology transfer." They plan to pay $3M for facility improvements while adding more than $2M a year in payroll. A three year term loan was provided to Lynntech by the Research Valley Partnership from its sconomic development fund for property improvements.

We are all looking forward to Lynntech's move to the new facility!

Susan Hilton

Susan Hilton - Realtor & Sales Trainer for Century 21 Beal

Want to Search the Bryan/College Station Real Estate MLS? CLICK HERE!!!

View Susan Hilton's LinkedIn profileView Susan Hilton's profile

Selling a home in Bryan or College Station Texas or other location in the Brazos Valley is heavily dependant on pricing your home properly and picking an agent that will create an "online market presence" for your home. As a home seller, you need to be aware that the market in Bryan College Station and many other Texas communities has changed over the last three and a half years. We are no longer in a strong seller's market. educated, top professional at Century 21 Beal.

When selling a home in Bryan College Station, Tx, it pays to have a pro in your corner representing you. It pays to hire a well educated and active agent.

** 85% of all buyers are finding their homes on the Internet. Is your Bryan College Station home being advertised on the web? If you are with Century 21 Beal, it sure is!

Texas Has the TOP 5 Healthiest Real Estate Markets!

Texas is rated with the Top 5 Healthiest Real Estate Markets out of 75 by Boyce Thompson with Hanley Wood Builder Market Intelligence and the top 5 cities are all around Bryan College Station! The report states that when the real estate market recovers the cities below are in a prime position to recover the BEST! The report used the top 75 real estate markets (Bryan College Station was too small to be included in the survey otherwise I'm sure we would have been rated #1!)

#15 - Myrtle Beach, FL

#14 - Wilmington, NC

#13 - Charlott, NC

#12 - Denver, CO

#11 - Nashville, TN

#10 - Washington, DC

#9 - Fayetteville, AR

#8 - Indianapolis, IN

#7 - Seattle, WA

#6 - Raleigh, NC

#5 - Dallas, Tx

#4 - San Antonio, Tx

#3 - Fort Worth, Tx

#2 - Austin, Tx

#1 - Houston, Tx

Isn't it great that the Bryan College Station real estate is surrounded by the top 5 real estate markets poised for a great increase during the upcoming real estate rebound! Looks like more growth around Texas A&M University TOO!

Susan Hilton

Susan Hilton - Realtor & Sales Trainer for Century 21 Beal

Want to Search the Bryan/College Station Real Estate MLS? CLICK HERE!!!

View Susan Hilton's LinkedIn profileView Susan Hilton's profile

Selling a home in Bryan or College Station, Texas or other location in the Brazos Valley is heavily dependant on pricing your home properly and picking an agent that will create an "online market presence" for your home. As a home seller, you need to be aware that the market in Bryan College Station and many other Texas communities has changed over the last three and a half years. We are no longer in a strong seller's market.

When selling a home in Bryan College Station, Tx, it pays to have a pro in your corner representing you. It pays to hire a well educated, top professional at Century 21 Beal.

** 85% of all buyers are finding their homes on the Internet. Is your Bryan College Station home being advertised on the web? If you are with CENTURY 21 Beal it sure is!

Read the rest of this post and other posts like this at http://susanhilton.com!

College Station Tree Preservation Ordinance - What Do YOU Think?

March 26, 2009 the College Station City Council is having a workshop to review the current draft of the College Station Tree Preservation Ordinance.

chainsawtree

Are you ready for the City of College Station to tell you what trees you can cut down?

The City of College Station City's Tree Preservation Ordinance Purpose states:

  • The purpose and intent of this Section is to promote the preservation of trees and tree stands during construction to facilitate site design and construction that contributes to the long-term viability of existing trees and to develop a process to control the removal of trees. It is further the purpose of this ordinance to prevent the untimely and indiscriminate removal or destruction of trees, maintain and enhance a positive image of the City and to protect trees and promote the ecological, environmental and aesthetic values of the City.

Are you ready to have to get a permit to cut a tree? Are you ready to APPLY for a permit to grade your property if there is a tree larger than 8 inches in diameter?

If you are outside the City Limits think you don't have to worry? Sorry - right now the draft says -

  • Tree protection requirements will apply to all property in the Extraterritorial Jurisdiction (ETJ) in conjunction with development and subdivision plats.

Yes, there are some exemptions. Yes this is only a draft. BUT, will this become law for the City of College Station? Do we need more regulation to limit real estate development? Do we need more governmental interference?

Remember in 2009 the College Station City Council has landlords registering their properties if they are renting - with a fee of course. This College Station Tree Ordinance is just ONE MORE.....

Susan Hilton

More infomation about COLLEGE STATION Real Estate and the Tree Preservation Ordinance....

Fewer Real Estate Licenses in Texas in 2009 - Surprised?

With the change in the real estate market have you wondered what is going on with licenses? Does Texas have MORE real estate agents or less?

Thanks to Elizabeth Leal, TREC Commissioner, she let us know that there "are more Broker applications than salesman. We are down about 37% in Original Applications over the same period a year ago. Renewals are down, though that is no surprise. Total Brokers and Salesmen licensees at this point are 147,344 as compared to 152,884 a year ago (Dec.) Inspectors have also dropped, having had 4,293 licensed last December, down to 3,845 this December. (That is a drop of 448. I learned that the Investor Recovery Fund has a limit on the amount it may keep. At the end of the year, $37,721 was returned to the Texas General Fund as they may only keep $300,000 in the account. The Real Estate Recovery Fund is a different animal. Our maximum, according to Karen Alexander, our Finance Director, is 3.5 million OR the greater of the total paid out in claims for the last 4 years. Since that amount is only 1.7 million, we are in good shape."

So, there are fewer real estate agents and inspectors in Texas in 2009 than there were in 2008. Is anyone surprised?

Do you think there are fewer agents in Bryan or College Station real estate? Do you think this will affect the real estate industry? Do foreclosures have anything to do with it? If so, HOW?

Susan Hilton

Susan Hilton - Realtor & Sales Trainer for Century 21 Beal

Want to Search the Bryan/College Station Real Estate MLS? CLICK HERE!!!

View Susan Hilton's LinkedIn profileView Susan Hilton's profile

Fewer Real Estate Licenses in Texas in 2009