Another year has come & gone, like the sun setting over the beautiful Lake Ray Hubbard! So how did Real Estate market do in 2011 in the Lake Ray Hubbard area compared to 2010?
Overall, 2011 was an alright year for both Sellers and the Buyers in the Lake Ray Hubbard housing market considering the economic state of our Country. Houses tended to stay on the market a bit longer than 2010 and sellers typically recieved less than their asking price ... BUT ... on the positive side, the Housing market saw amazingly low mortgage rates!
Real Estate is local and it's actually Hyper Local ... so with that being said, here's a quick glance of how the different cities fared around Lake Ray Hubbard.
- GARLAND, TX: 2011 saw about 18% less Listings (2,757), about 4.6% fewer Sales (1,666), and Sale Prices were down about 5% with the average price being $108,000.
- ROWLETT, TX: 2011 saw about 16% less Listings (1,237), about 2.5% MORE Sales (760), and Sale Prices were down about 4% with the average price being $146,000.
- ROCKWALL, TX: 2011 saw about 13% less Listings (2,113), about 2% MORE Sales (1,163), and Sale Prices were UP about .2% with the average price being $219,000.
If there is a neighborhood that you're curious about, simply send me an email (email@example.com) or a facebook message (www.facebook.com/SamIAmHouses) and I'd be happy to share the information with you. Please know that I am never too busy to help you or your friends/family that you refer to me and I would honor the chance to earn the business!