Tuesday, 01 July 2008
Although we are starting to see a slowdown across the board in our marketplace, there are still some areas that have been relatively HOT!! Durham Park is one such neighborhood in Liberty Hill, TX as of late. In the last 30-45 days we have seen 5 properties sell at 99.5%-105% of list price with days on the market ranging from 1 to 23 days on the market (with a couple having multiple offers). Now the price range for these recent sales has been from $185,000-$250,000, but that still means that when properties in this price range and size of lot and house are put on the market at the correct price, they are moving quickly. We are still seeing a mostly balanced inventory of homes for sale in Liberty Hill. There are a couple of submarkets that have too much inventory, but not many. Overall, the Liberty Hill real estate market is still moving and prices are holding steady!!