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Home Sales Are At An All Time High

02/21/2017 | Author: Texas Association of Realtors Editorial Staff

Lake Kiowa Homes Information

Did You Know? The 2016 Texas Real Estate Year in Review Report released February 21, 2017 by the Texas Association of REALTORS® reveals that home sales volume and prices reached all-time highs for the second year in a row. This is great news if you are interested in considering placing a home in Lake Kiowa Tx, on the market, or evaluating the purchase of a new home for investment purposes.

"Strong gains in end-of-year home sales activity were a key factor in making 2016 another record year for Texas real estate," said Vicki Fullerton, chairman of the Texas Association of REALTORS®. "Last year’s record home sales activity was fueled by the momentum of multiple years' strong job and population growth across the state, despite the fact that Texas job and economic growth began to slow in 2016."

For those of you who follow the real estate market on a regular basis, let us provide some additional key information that will help you make the best decision for your Lake Kiowa investment property. Regardless if your home is where you currently reside, or you are leasing a property at Lake Kiowa, have a Lake Kiowa home for rent, or have or interested in a Lake Kiowa real estate purchase for investment opportunities; you may find this information very interesting at this particular time.

  • The median Texas home price in 2016 was $210,000, up 7.7% from 2015.
  • Home sales volume in the same period was up 4.6%, to 324,924 homes sold.
  • Low housing inventory remained constant in 2016, with 3.3 months of inventory in December.
  • A balanced market has between 6 and 6.5 months of inventory, according to the Real Estate Center at Texas A&M University.
  • Texas homes spent an average of 58 days on the market in 2016—about the same as in 2015—and active listings increased 6% from 2015 to 2016.
  • Plan accordingly for placing a home on the market and be sure to give your agent as many opportunities to show the property listings.
  • Celebrate this Review Report in all your sales information book for every current listing as well.

"Rising home prices and skyrocketing property taxes are driving up the cost of homeownership at an alarming rate," Fullerton said. "Growth in property values makes homeownership a strong investment, but must be balanced by lower tax rates so that Texans are not being forced out of their homes.

This report is great news for you! Why? For all these reasons:

  1. If you currently own Lake Kiowa Real Estate as a home or lot
  2. If you have any Lake Kiowa Homes For Sale
  3. If you have any Lake Kiowa Lots for Sale
  4. If you currently own one or more Lake Kiowa Homes
  5. If you currently own any Lake Kiowa Lots
  6. If you have any Lake Kiowa Homes For Rent
  7. If you or a family member has a home or lot as aLake Kiowa Investment Property
  8. Want to consider the purchase of one or more Lake Kiowa Lakefront Homes
  9. Are interested in any Lake Kiowa Golf Course Homes
  10. Want to consider having any Lake Kiowa Rentals available
  11. Want to live at Lake Kiowa Texas

Your interest is our first priority here at Lake Kiowa Realty. And, since  The Texas Association of REALTORS® urges state legislators to pass legislation that ensures an honest and transparent conversation occurs at the local level if more tax revenue is needed and gives property owners the right to decide when their tax rates should be raised.” you need to be in the know about Lake Kiowa. 

If you have questions about any of the information and how it concerns your property values in Dallas, or here at Lake Kiowa, please contact one of our qualified agents here on the website. We welcome referrals as well and look forward to meeting you and discussing your current investment holdings, friends looking for a new home, or business partners looking to purchase for investment purposes.