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)
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