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| Sunset over Lake Ray Hubbard |
2010 has come & gone, like the sun setting over the beautiful Lake Ray Hubbard. I was recently asked how the real estate market in the lake area fared last year. I figured if she was curious, a few others might be as well.
Overall, 2010 was a good year for both sellers and the buyers. Unlike 2009, the average sales price was higher and homes were on the market for less amount of days. In addition, sellers received a higher percentage of their listing price ... the average was 96%! ... and in most sales, the buyer received a good portion of their closing costs paid by the seller, not to mention the amazingly low mortgage rates that were out there! Here's a quick glance of what went on in the cities that surround Lake Ray Hubbard.
- GARLAND, TX: There was an astonishing 1,098 home sales in 2010, however, 607 of those were Foreclosures. It was great to see that in the last 3 months there were 281 sales. They averaged being on the market 103 days. Since there is such a mixture of houses in Garland, with homes that were built back in the 1940's to homes that were built in 2010, the sales price of the homes were between $30,000 to $272,900.
- ROWLETT, TX: 2010 ended with 657 homes being sold and only 108 of them were Foreclosures. Home Sales in the last 3 months slowed considerably with only 97 being sold and were on the market an average of 93 days. Rowlett houses bought ranged between $57,000 to $849,000 with the seller getting close to 98% of their listed price.
- ROCKWALL, TX: For the year, Rockwall had a total of 489 houses sold and 93 of those were Foreclosures. Between September - December, there were 128 houses sold. Houses in Rockwall went from $74,900 to $750,000 and were on the market for around 106 days.
If there is a neighborhood that you're curious about, simply send me an email (sam@samiamhouses.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!
