Reading articles this morning, came up with these tidbits.
32% of all sales in March were cash.
27% of all sales in March were investors.
33% of all sales in March were first time home buyers.
Home inventories are low, buyers are out, interest rates are low, and it appears now is the time to buy and buyers have decided that too. Realtors have reported more people out seriously looking.
Average price in the south of a home was $146,500. That's about the same in Amarillo, Texas of $146,301.
Amarillo had 510 single family homes sold in the first quarter and 19 condo/townhomes. The average price of a condo/townhome that sold was $132,108. Single family homes sold in March in Amarillo were on the market 102 days, and townhomes/condos 114 days.
Wildhorse Lake area of Amarillo had the cheapest sales with an average of $23.44 per sq. ft but a low days on the market of 56 (only 1 sale; not a very telling tidbit).
My home subdivision of Olsen had an average sale of $77.12 per sq. with and average day on the market of 113, with 7 sales, and the average home price was $200,986. 106 days on the market $585,625 average price with 4 sales.
Colonies won as most expensive at $146.11 with 4 sales averaging $585,625, and 106 days on the market. Christy (where is that?) had the next most expensive per sq ft average at $129.24, 115 days and one sale at $255,000.
Here's a surprise River Road West had second highest at $129.08, 40 days on the market sale of $95,000. Again not very telling. Lake Tanglewod was next at $128.68, 82 days, 5 sales, averaging $309.320. Not a surprise there, as this is a great place to buy with a great atmosphere, golf, etc.
More tidbits after lunch.
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