Texas is a state that we highly favor these days due to it's growing economy, growing population, and excellent real estate markets. Currently we offer two real estate investment opportunities in Dallas:
* Single Family Homes: Dallas Single Family Investment Property
* 3-Bedroom Duplexes: Dallas Duplex Investment Property
A total of 22,511 existing homes were sold in Texas last month, a 4.8 percent decline from July 2008, according to MLS data compiled by the Real Estate Center at Texas A&M University. The median price increased 0.6 percent to $153,800 during the same period, and the state finished the month with a 7.4-month inventory of existing homes.
Here is how select Texas cities fared in July (data current as of August 28, 2009):
| Sales | Change from | Median | Change from | Months of |
Amarillo | 254 | – 21.6% | $124,600 | + 1.2% | 7.2 |
Austin | 2,288 | – 0.2% | $189,700 | - 0.6% | 7 |
College Station-Bryan | 304 | – 15.1% | $151,000 | - 2.3% | 6.8 |
Dallas | 4,815 | – 6% | $164,800 | + 0.8% | 6.5 |
El Paso | 478 | – 4.8% | $135,200 | - 2.4% | 9.1 |
Fort Worth | 840 | – 12.3% | $118,700 | - 1.1% | 6.6 |
Harlingen | 78 | + 20% | $95,000 | + 13.6% | 28.7 |
Houston | 6,393 | – 4.8% | $161,900 | + 1.3% | 6.8 |
Killeen-Fort Hood | 257 | – 6.2% | $124,800 | - 0.9% | 10 |
Laredo | 91 | + 11% | $122,800 | + 2.3% | 9 |
Lubbock | 348 | + 0.9% | $110,300 | + 0.3% | 5.5 |
Palestine | 21 | – 16% | $102,500 | - 2.4% | 10.1 |
San Angelo | 125 | – 5.3 % | $121,700 | + 10.6% | 5.6 |
San Antonio | 2,040 | + 7.9% | $156,900 | + 2.3% | 8.4 |
Waco | 213 | – 14.5% | $114,600 | - 1.4% | 8.4 |
This is a great time to be investing in prudent Texas income property. Call us for more information on markets and opportunities available today. What are your favorite Texas markets? (comment below)
