LUBBOCK'S LARGE LUXURY HOMES! Our price point is not as high as some other cities, but we definately have large homes! We have many luxury custom built homes, both new and old. Our new construction market has not suffered as much as some markets. The large historic estate homes around 19th street, between Texas Tech University and Lubbock Christian University, continue to be very popular. Some of the prestigious older neighborhoods include areas like Tanglewood, Bobalet Heights, Rushland Park and Tech Terrace. Lakeridge Country Club and Kingsgate are two areas with fine homes built primarily around the 1980s. Communities such as Renaissance Park, The Gables and Dunnhaven are newer luxury areas in North Lubbock while South Lubbock boasts newer neighborhoods like Lakeridge Estates, The Falls, Ravenwood, Highland Oaks, Orchard Park, Buena Vista and many others. From garden homes to large estate homes with acreage, and everything in between, Lubbock offers much luxury. The Lubbock Multiple Listing Service is currently offering 54 active listings priced between $525,000 and $2,200,000 with square footage ranging from 4,050 up to 8,702 feet!!! These photos were shot in The Falls Country Club addition!
407 TOPEKA is located in North Lubbock in the prestigious Renaissance Park addition. It is very convenient to Texas Tech and Lubbock Christian Universities, Downtown, University Medical Center and Covenant Health Systems. It is offered by The Sellers Realty at $375,000 and features too many amenities to list. This one owner custom garden home is just what you have been looking for in Lubbock. Luxury, style and class awaits you in this one of a kind Lubbock Garden Home. Call The Sellers Realty @ 806-445-3639 or 806-778-2486. 
Total property sales in Lubbock were down from 252 in October 2007 to 192 in October 2008, a -23.8% change.
Total Dollar Volume went from $33,996,167 to $27,328,527, a -19.6% change.
Average Single Family Sales Price went from $134,905 up to $142,236 a +5.4% change.
Median Single Family Sales Price went from $108,575 up to $115,475 a +6.4% change.
Total Active Listings went from 1,813 down to 1,529 a -15.7% change.
Total Pending Sales dropped from 212 to 139, a -34.4% change.
Months Inventory went down from 5.6 to 4.9, a -12.5% change.
*months inventory estimates the number of months it will take to deplete current active listing inventory based on the prior 6 months sales activity.
Did you happen to notice that the AVERAGE price and MEDIAN price has actually INCREASED!!!
The number of sales has decreased, as well as the amount of active listings. The number of listings being lower is a slight advantage to the SELLER in this market. The BUYER cannot be quite as picky. It is taking fewer months to a listing than this time last year.
THE BIGGEST PROBLEM THAT I CAN SEE FROM THIS DATA AND MY WORK IN THIS CURRENT REAL ESTATE MARKET IS THE LACK OF CONSUMER CONFIDENCE......PEOPLE IN OCTOBER WERE PLUGGED INTO NEWS ABOUT THE RECESSION AND DID I MENTION THAT WE HAD A PRESIDENTIAL ELECTION? PEOPLE WERE WATCHING THE NEWS AND NOT BUYING AS MANY HOUSES. FEWER CLOSED IN OCTOBER AND WITH THE PENDING AMOUNT, I'M SURE FEWER ARE CLOSING IN NOVEMBER AS WELL.
HOWEVER, WE HAVE NOTICED THE MARKET BEGINNING TO PICK BACK UP AFTER THE ELECTION.
INTEREST RATES ARE STILL PRETTY GOOD, DAYS ON MARKET ARE NOT BAD, AND THERE ARE PLENTY OF NICE HOMES FOR SALE IN LUBBOCK.
SO, REMEMBER whether Buying or Selling...It's Always a SELLERS Market!
Today was a really cool day! Yes, it was Sunday and I was able to worship God with my congregation, spend time with family,etc. I also got to see Mike and Janet Huckabee in Lubbock, Texas!!! Now, I don't know everything Mike believes or stands for, but I do have a lot of respect for the man. Besides that, it isn't everyday when you get to see a former governor and recent presidential candidate.
Two of my best real estate buddies had been telling me about his coming all week. One of my buddies sent me a text message at 11:45 a.m. telling me that he was going up to Barnes and Noble to see "Huck" and that he was going to be 1st in line. Huckabee did not arrive until the advertised time of 2p.m. Well, my friend was 1st in line and was nice enough to get Mike Huckabee to sign a book for me. I COULD NOT BELIEVE HOW MANY PEOPLE LINED UP AROUND EVERY AISLE OF THE STORE AND DOWN THE SIDEWALK TWO STORES AWAY TO SEE MIKE HUCKABEE! There must have been nearly a thousand there waiting to see the Huckabees and have their books signed.
I got several pictures of Mike and Janet Huckabee and was encouraged to see so many West Texans gather to support Mike Huckabee. Maybe they were just there to "DO THE RIGHT THING." That is the title of Huckabee's new book. There are still many in this country that want to do the right thing and we want a president who will do the right thing!
Let's all pray for our leaders to DO THE RIGHT THING!!!
Let not your hearts be troubled,
Jeff and Lisa Sellers
Yes, I said INVESTING IN LUBBOCK! Lubbock is a wonderful place to invest. Our housing market has historically appreciated at a rate of about 3 percent per year for many years. No one gets rich quick, but they don't lose everything either. Lubbock is not like Las Vegas, or parts of California and Florida. Lubbock is a conservative city. Solid long term investing occurs here. Land prices are on the rise, so you better buy before they get too high. The city is growing. Our hospitals are fabulous. The universities are great! Agriculture and area oil production is plentiful. Lubbock has a lot to offer. The climate is great and so is Red Raider football. We have a very stable housing market and have for many years. Whether you are buying or selling, you can achieve your needs and dreams. If you are worried about the stock market, consider putting some of it in investment property. Real estate,done right, is the safest investment out there. Why not keep your money right here in Lubbock?
Whether Buying or Selling...It's Always a SELLERS Market!
Jeff and Lisa Sellers, REALTORS
(806) 445-3639
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Your home may likely be the most valuable purchase you make. Professional and excellent service is not merely a motto but a way of life. Whether Buying or Selling it's Always a SELLERS Market...
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