Interested in buying or selling a home in North Texas? While the Van Alstyne home market is different, this graphic will give you an overall view of what the real estate market is doing compared to a year ago.
You can see that single family homes are up while active listings are way down. Obviously, this home inventory shortage is driving prices up and days on market down.
In some areas of the Metroplex, homes are selling in days with multiple offers. That is why Van Alstyne is an attractive area. We have similar conditions but on a much smaller scale. Homes are moving very fast and prices are up and we do have multiple offers but at least you are not fighting a huge crowd. A good Realtor can advise you how to structure your offer in this competitive market.
You should expect this situation to continue throughout the selling season and beyond. Rates are still at all time lows but are projected to go higher, employment is robust, companies are moving to North Texas daily and the builders are way behind historic levels. The recent wet conditions have delayed building ever further.
Call me if you are considering selling and I will consult with you concerning the best ways to maximize your home sale. While it is a seller’s market, you still have to be positioned correctly versus the competition, have your home in show condition & know how to sort out which offer is best. The highest price is not always the best offer, especially if your home won’t appraise for what it offered.
If buying, I can help you have the jump on upcoming listings and structure your offer to be the most appealing to the seller. Pre-approval is a necessity so if you need contacts for mortgage loans I can refer people I trust and know can get the job done on time.
Contact Keith Laursen, your Van Alstyne Realtor at 469-233-1234.
