Market Statistics Lubbock Tx October 2011

By
Real Estate Agent with The Diamond Group @ Keller Williams

The market in Lubbock Tx is pretty stable until you pass into the homes above $500,000 then we have a saturation of homes on the market and few buyers.

Look these over if you are thinking of buying or selling in the Lubbock, TX real estate market.  It is a great time to buy!

Currently 1695 properties listed for sale in Lubbock Multiple Listing ranging in price from:

$9,950 to $1,749,000.

Statistics for properties: October 2011:

(DOM= Days on Market)

(APR=Asking Price Received)

ACTIVE PROPERTIES: $9,950 to $150,000:  1074 properties/ average DOM= 101

SOLD:  136/average DOM=102/94.70% of APR/10 months to absorb current inventory

ACTIVE PROPERTIES: $150,001 to $300,000: 423 properties/average DOM= 103

SOLD:  59/average DOM= 113/97.45% of APR/7 months to absorb current inventory

ACTIVE PROPERTIES: $300,001 to $500,000: 109 properties/average DOM= 109

SOLD: 11/average DOM=82/97.54% of APR/9 months to absorb current inventory

ACTIVE PROPERTIES: $500,001 to $2,000,000: 89 properties/average DOM=143

SOLD: 2/average DOM=291/built in 2008=96.27% of APR and built in 2011/100% of APR/44.5 months to absorb current inventory.

For more information visit The Diamond Group at www.lubbocktxhomes4sale.com

 

Posted by

The Diamond Group of Keller Williams Realty

'A Cut Above The Rest'

4747 S. Loop 289 Suite 110

Lubbock, Texas 79424

 

806.771.HOME (4663)

thediamondgroup@kw.com

www.lubbocktxhomes4sale.com

 

 

FaceBookTwitter StumbleUpon

GoogleLinkedInMixx

 

 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
ActiveRain Community
Groups:
Activerain MLS Online
Keller Williams 'Rainers
Local Expert
Lubbock Texas Real Estate
Posts to Localism
Tags:
market statistics lubbock tx october 2011

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the sunglasses to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the tshirt to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the lock to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainmaker
213,433

Elizabeth Arduain

Lubbock Texas Real Estate
Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the cat to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information