About Bastrop's Riverside Grove

I recently drove through Riverside Grove to preview a listed property for one of my Clients and I took a few extra minutes to take some pictures of the subdivsion which I put in to a short video presentation of the area and homes in Riverside Grove.  Some of the highlights of the area are two schools within a very short walking  distance.  The subdivision has an active homeowners association and light covenants.  If you would like more information on buying, selling, or leasing in this subdivision please contact me.

Riverside Grove is a nice subdivision centrally in Bastrop. One of the benefits of living in the subdivision is that it is within walking distrance from two Bastrop ISD schools. The subdivision has single and two story homes on lots, the roads are paved with sidewalks and curbs. There is an active homeowners association. On my Riverside Grove page on my website you can search for homes for sale. If you have a home in Bastrop that you would like to list or sell or if you are interested in leasing or purchasing a home visit my website and contact me. I would love to help you.

Riverside Grove Home Sales, Bastrop, Texas

Despite the scares on TV, the market is holding strong in Riverside Grove. Nearly one out of ten houses in the neighborhood sold in 2007. The number of homes sold stayed the same from 2006 to 2007. A total of 42 homes sold in the subdivision in 2007. The average length of time on the market decreased for the entire neighborhood by four days from 2006 down to 2007. Average sales price for the neighborhood increased by $2,068 from 2006 to 2007. There were only eight foreclosure properties in the neighborhood for 2007.

To break this down even more, 10 of these homes were located in the Enclave part of the subdivision with four of these homes being 2-story and six were 1-story homes. The homes in the Enclave had an average sales price of $151,795 and spent on average 66 days on the market.

Twenty-four of the homes sold in 2007 were 1-story homes that were not in the Enclave. These homes sold for and average sales price of $124,901, up $5,623 from 2006. The average number of days on the market for these properties was 48 days, down 11 days from 2006.

Eight homes were 2-story homes not in the Enclave. These homes sold for an average of $137,513, up $3,047 from 2006. The average number of days on market for the 2-story properties was 106 days, an increased length of time from 2006 by 26 days.

So what does all this mean to you as a homeowner?

If you are looking to sell your house, now is the time for several reasons. The housing market is still strong in Riverside Grove, a well maintained house that is priced correctly should sell in a reasonable amount of time. The values of the properties in the neighborhood are increasing and there is still a want for people to buy in the neighborhood. Though lending restrictions have gotten a little tighter in the last six months, interest rates have dropped making it a good time for people to buy. Not only that, if you are looking to sell your house in order to move into a bigger house, it is a great time to do so. You may have the opportunity to sell your house, and get a new house at an interest rate equal to or lower than what you are currently at - therefore letting your money work for you.

No matter what you choose to do, remember that pride in ownership of your home and neighborhood are very important factors to keep your house values high and keep properties in the neighborhoods selling quickly.

If you would like to find out more specifics about the market please feel free to contact me at caitlyn@stanberry.com or (512)304-8760.