Tuesday, January 31, 2012

Texas residential real estate continues very strong as compared to the balance of the economy.  Horseshoe Bay also remains very strong.  In fact you might think that the big boys know something about the near future.  A new bridge is being constructed across the Lower Colorado in Marble Falls, Jamal's a high line grocery store is under construction in Horseshoe Bay, most of the roads in HSB are receiving new concrete curbs, the LCRA has started replacement of the power plant,  a new clinic and regional hospital is about to break ground.  You never know where the bottom is on any investment, but the data would suggest that real estate in Horseshoe Bay, and particularly waterfront real estate in Horseshoe Bay, because Lake LBJ is one of the largest constant level lakes in the US, worthy of consideration.

TEXAS' EXISTING HOME SALES UP 4 PERCENT

COLLEGE STATION (Real Estate Center) – Sales of existing single-family Texas homes in December were up 4 percent from a year ago, according to the most recent Multiple Listing Services (MLS) data compiled by the Real Estate Center at Texas A&M University.

More than 16,500 homes were sold, data showed. The median home price was $150,700, about the same as a year ago, and the state's overall inventory was at six months.

December 2011 MLS data for many Texas cities are available on the Center's website. Here is a sampling (data current as of Jan. 30, 2012):


Sales
Change from
Last Year
Median
Price
Change from
Last Year
Months'
Inventory
Austin 
1,738
up 11%
$188,200
down 2%
4.2
Beaumont
151
up 2%
$114,000
down 14%
11.1
Brownsville
39
down 33%
$86,800
down 22%
12.4
Dallas
3,315
up 3%
$162,800
up 1%
4.7
El Paso
420
down 9%
$97,900
down 27%
7
Fort Worth
645
up 5%
$112,500
down 6%
5.2
Houston
5,048
up 7%
$160,400
up 2%
5.9
Midland
134
up 17%
$184,000
down 1%
3.3
San Antonio
1,393
up 3%
$148,400
down 6%
6.6
Sherman-
Denison
84
up 22%
$96,700
up 3%
8.8
Temple-
Belton
115
up 4%
$120,700
down 13%
7.9
Tyler
198
down 5%
$130,800
up 1%
11.4
Victoria
74
up 37%
$131,100
down 2%
3.8
Waco
153
up 2%
$116,200
down 1%
9
Wichita
Falls
81
down 31%
$102,300
down 9%
7.6
Texas
16,505
up 4%
$150,700
no change
6

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