Home Buying in Kyle>Question Details

Larry Bethers, Home Buyer in Clovis, CA

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

Asked by Larry Bethers, Clovis, CA Sun Nov 4, 2007

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Dear Larry,
It has been a while since you asked this question and things have changed a little. The new construction prices are still pretty firm between $80-100 per square foot.

That said there have been many foreclosures in the last year which has changed things a bit. Right now I am seeing foreclosed homes built in the last five years selling for anywhere from $50-80.PSF. So now is a great time to buy a newer foreclosed home.

Sometimes the foreclosed homes may need a little cosmetic work. People loosing their homes are usually desperate and unhappy and sometimes they may remove all of the lights, ceiling fans and appliances to sell for cash. So you may need to spend a couple thousand to get it ship shape and move in ready. Let me know if you have more questions, I am happy to help.
Sincerely,
Betina
0 votes Thank Flag Link Thu Apr 22, 2010
To be quite honest it all depends on the neighborhood, to answer with a yes prices are going up or no they're going down would be misleading. Some of the neighborhoods are doing well, others have had a number of foreclosures and short sales. If you have specifics I would be glad to meet with you as our office manages as well as works with sellers and buyers in the Kyle/Buda area.
0 votes Thank Flag Link Sun Jan 10, 2010
If your curious on market value, you should contact a local realtor to get a current CMA. Different subdivisions vary on market trends. In addition, foreclosures may drastically impact market value.

In 2009-Kyle was voted the 5th largest growing city in Texas.

Also in 2009, Kyle has advanced in Commercial and Retail development.
0 votes Thank Flag Link Sun Jan 10, 2010
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...
0 votes Thank Flag Link Thu Aug 6, 2009
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
0 votes Thank Flag Link Fri Jul 25, 2008
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.
0 votes Thank Flag Link Wed May 14, 2008
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.
Web Reference: http://www.newdfwhome.com
0 votes Thank Flag Link Mon Nov 5, 2007
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