Real Estate Recovery -More Good News for Buyers in Katy, Texas
Real Estate Recovery – More Good News for Buyers in Katy, Texas
Home Buyers in Katy, Texas are fortunate that right now 63.5 % of available homes are priced at $300, 000 or less. This portends very well for first time home buyers, Seniors who want to retire, families who want to downsize and individuals who have had some financial misfortunes in recent years. Currently per Houston Association of Realtors (HAR) MLS data there are 1,059 homes available in South Katy MLS Area 36. Homes for sale
priced less than $200,000 number 314 units or 29.6 % of the available
homes. There are many reasonably priced homes available for purchase and
buyers have an excellent choice from the available options. Distressed properties being foreclosures and short sale homes consist of 66 homes
or only 6.2 % of the existing homes. In my opinion that is a very low
number and this statistic bodes well for the future sales in Katy, Texas
MLS Area 36.
The breakdown of available homes from the HAR MLS system is as follows
NUMBER OF HOMES
PRICED LESS THAN $100,000 30
$100,000 TO $150,000 92
$150,000 TO $200,000 192
$200,000 TO $250,000 200
$250,000 TO $300,000 159
$300,000 TO $400,000 199
$400,000 TO $500,000 89
$500,000 TO $600,000 45
$600,000 TO $700,000 22
$700,000 TO $800,000 9
GREATER THAN $800,000 22
My wife works as a
sales counselor for a major builder and she tells me that MLS data is
missing many available builder homes as they have chosen not to list
some or all of their homes on the MLS system. This situation is
particularly prevalent in the higher priced homes.
This is an excellent time to buy a home in Katy, Texas
as there is a good supply of reasonably priced homes currently
available. Homes prices In Katy have for the last 4 years risen by
modest amounts. Interest rates are still very low. If
you and your family have been thinking about buying a new home now is
the time to take action. Call or E-mail me and I will happy to go
through the entire process with you.