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What is the real estate selling price trend over the last 5 years for Kyle, TX? Going up? Going Down?

Larry Bethers
Home Buyer
Clovis, CA

Answers (4)
Kevin
Broker
Austin, TX

Be care full with what you hear and aks for the details to support what you are being told in your selection of an agent or buying a property. One of the statistics I monitor is the Month Of Inventory of MOI and from what I've seen is that the Hays market are in general has remained flat with just under 5 MOI in any give month for over a year now. What this means is that it is not a seller nor a buyers market.

Yes the some of the builder prices have gone up, but this in part due to the closing costs, prepaid items and builder insentives that have been rolled into the price of the home. For the most part in the resale market has been correcting downward, homes are staying on the market longer and sellers are having to make some concessions to get their properties sold to compete with the builders in the area. What I am seeing is ratio of lease signs increasing and for sale sings decreasing in a lot of neighborhood for multiple reasons.

Beware of those who only tell you what you want to hear...

Get qualified with a local lender and find yourself a buyers agent to help guide you through the home buying process. There are some good deal out there for buyers but you need to work with someone having the resources to help and advise you along the way, espcecially if you are a first time buyer...

Thu Aug 6 2009, 07:40
Betina Foreman
Agent
78704

Yes, the Kyle prices are still going up! Which is good news considering there are tons of builders working this area. Hometown Kyle and Plum Creek have seen lots of activity. Plum Creek tends to have more homes for rent. This is a hot place to be because of its close proxemity to Austin. Also Kyle homes are more affordable than homes within Austin proper. Your housing dollar goes twice as far. Please call me if I may help you find the right home.
Sincerely,
Betina
512-771-6318

Fri Jul 25 2008, 12:32
Rodney Monk
Agent
Austin, TX

Hi Larry,
The trend has gone up over the last 5 years. Not only due to the fact that Austin is one of the top real estate markets in the country, but also due to Kyle growing and moving in the right direction. Although over the last year, it has tapered down slightly due to the economic change overall. Although we are not seeing the main affects that literally all other areas are, it has somewhat affected the market very slightly. Last year the average sale price during the month of April was $187,340, where as this year it was $178,920. Not a major change, still holding. Total solds last year were 92 and this year 75. This was partly due to the major bang of new homes in the area. I don't think this is anything to get flustered over. I help many people buy homes in Kyle, and I know that it is one of the best places you can buy. Please let me know if you have any other questions.

Wed May 14 2008, 12:20
Michelle Dembla
Agent
75034
FIRST ANSWER

The trend shows it has gone up, but, slightly, which is common all over Texas. This is one of the reasons we have not had the housing "bubble" like California and Florida. Also, in Kyle the median income has slightly dropped. So, unless Kyle can get better paying employment this can have a reflection on the future housing market.

Mon Nov 5 2007, 04:46

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