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College Station Real Estate Market
Here in our area (Bryan-College Station, Texas)we are experiencing a total disconnect between what we are hearing and what we are seeing in regards to real estate. Every time you hear the news it's doom and gloom; the economy is bad, people aren't buying homes and prices are tumbling. Our reality is strikingly different depending on price ranges that you are investigating. If you are looking at spending 160K or less in College Station, and some areas of Bryan you need to be prepared to aggressively pursue your home. Recently a young couple from Austin was looking, initially at 150K and then going up by small increments when everything they liked was moving so fast. They are interested in South College Station, one of our faster moving areas. They saw a house they liked at 164,900 and hesitated to write an offer. One week later the property was under contract and they are still without a home. It's easy to listen to the doom and gloom and feel as if you are going to go in and have an extreme advantage when buying. Prices are down,sellers are desperate, no one is buying currently... In the 160K and below price range these are HUGE fallacies that could cost you the perfect home. When should you listen to the doom and gloom? Other areas are more inclined to offer steep discounts. While their real estate was going up in value by twenty percent or more per year Bryan-College Station was like "the little engine that could" steadily and slowly increasing by 3-5% per year. This year I'm predicting higher than ever value increases, especially in that sweet spot of 160K and under. On a multiple time per daybasis I'm checking the MLS for properties that fit my most serious buyers needs. I tell them the ones that are most important to look at in short order so that they know not to get their hearts set on it unless they can come right away to look. Now if we were to look at properties over 300K our market would tell a completely different story. More on that later...
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Contributor's Note
What you hear in the news doesn't apply everywhere!
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