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)
Home price rise is showing capital gains for those who get into property investment.