COLES CROSSING IS THE PLACE TO BE!! / JUNE 2012 Market Report

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Real Estate Agent with RE/MAX Realty Center 581856

As of June 30, 2012, there are 63 homes "on the market" in Coles Crossing. 

Only 36 of these are ACTIVE listings as the other 27 are UNDER CONTRACT!! 

That translates to 43% of the homes on the market in Coles Crossing having an offer!

Coles Crossing with its great ammenities, award-winning schools, superb location, and low tax rate--truly is THE PLACE TO BE!

JUNE MARKET REPORT

There were 12 Coles Crossing homes that closed during the month of June as of the MLS record.  Prices ranged from a low of $234,900 up to $409,900.  The average price/sq. ft. was $85.28.

The highest price/sq. ft. ($96.62) was paid for an older home in section 4 that had a lovely pool/spa and a 3-car garage!

The lowest price/sq. ft ($69.04) was paid for a home in section 7 which backed up to Barker Cypress.

Average number of days on the  market for a home to receive an offer that resulted in closing was 52, and homes received on average 98% of their asking price!

So, word to the wise -- do not overprice your home in the hopes of "padding" for negotiations.  Your being in Coles Crossing and being priced to sell will bring you a proper offer!

 

SONJA PATTERSON with RE/MAX REALTY CENTER, 12810 Telge Rd.  Cypress,  TX 77429

Direct: 281.213.8039               Cell: 713.303.9463               www.har.com/SPatterson

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Rainmaker
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Brian Rugg
Rugg Realty LLC Sun City Texas 512-966-3200 - Georgetown, TX
Sun City TX Real Estate - Georgetown, TX Real Est

Hello Sonja:

Good advice on price a home close to its actually selling price.  Padding only serves to extend the time on market and lose the seller money due to carrying costs.

Jul 11, 2012 07:18 PM #1
Rainmaker
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Sonja Patterson
RE/MAX Realty Center - Cypress, TX
Texas Monthly 5-Star Realtor Recipient for the Hou

Brian, I always tell my clients it is SO important to price with the market.  If you price it right, and DO end up getting a low-ball offer... all you have to say is "no"...and move on.  OR, they can counter with the buyer...and the buyer may be willing to come up very close to asking.

Jul 12, 2012 05:50 PM #2
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Rainmaker
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Sonja Patterson

Texas Monthly 5-Star Realtor Recipient for the Hou
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