Does anyone expect more houses to come up on the market in the near future?
A lot depends on your individual house. Comparing sq/ft, a 1950s 3000 sq/ft flat roof with all its old issues is going to look like a dog compared to a smaller/ newer house on the same lot. And obviously rental rate is a separate but important issue. Get too close to campus and you get the issue of your home being worth lot value even if it's big/nice. 3000 sq/ft might be worth the exact same as a 800 sq/ft on a similar lot.Ed Carter said:
question for the local CS agents. . . .I own a rental in the southside area that is currently leased through 7/2019. I have spoken to a few agents down there that have told me if I were to sell it, I would only be able to command roughly 110-112 price/sq ft.
what I cant get over is that everytime a house comes on the market in my general area, they are consistently 145-155/sq ft. some of these houses are vacant and are further from campus than mine. Now I can understand some of these houses that have sat on the market for over a year that seem to be over priced, but if im getting this kind of feedback from the agents ive spoken to down there, then why are new homes hitting the market at these levels? what am I missing here?
oldarmy76 said:
I was just looking on zillow and it seems like around 550 homes are currently listed for rent. Some of the listings are depressing. One is in a neighborhood where I have had a house leased for between 1600-1700 over the last 6 years. They started at 1800 and dropped price on it 8 times or so to end up at 1,200 in July. It obviously didn't rent and they now have it for sale and are dropping the price.
How bad is this going to be? I have 3 homes with a fairly low cost basis compared to what people are paying now. How long to the pros on here think the glut on the rental market will last? I have about $350k or so equity. Should I just sale out and move my money somewhere else? What are all y'all doing?
Aggie1205 said:
When should one expect more of these rental properties to get put up for sale? Could there be a good number coming on the market soon?
RMC01 said:
Do you have an Investments here in BCS? Would like to follow up with you and see what options might serve you best.
aggiepaintrain said:
houses under $175k are still selling for insane prices per sq ft.
Better values in the $250-$350k range
TXTransplant said:
Follow this link for the stats for this year so far. Overall, listings are up over 50% and sales are down 24%.
http://www.bcsrealtor.com/index.php?submenu=areaHousingStatistics&src=gendocs&ref=AreaHousingStatistics&category=forConsumers
dallasiteinsa02 said:TXTransplant said:
Follow this link for the stats for this year so far. Overall, listings are up over 50% and sales are down 24%.
http://www.bcsrealtor.com/index.php?submenu=areaHousingStatistics&src=gendocs&ref=AreaHousingStatistics&category=forConsumers
There is a ton of desire to move within the market that is creating a little bit of a bubble in neighborhoods. I talked with 6 listings in Pebble Creek that were moving to Miramont or Traditions. Several older couples wanted out of Castlegate II to go to other areas of town and the school board created a ton of fear within the market. Give it a little time and it will work itself out.
SoTheySay said:
You know where I live I just put my house under contract. Second people that saw it. Over 30% more than we paid for it in 2014. We were on the market zero days.
Listed one at $225k yesterday and will have multiple offers by end of day.
Fingers crossed. The one I'm having the hardest time with is in the $400,000 range
I also work remotely and have a house for sale in South College Station. It even has a separate office. I am the original owner and worked from that office without problem for seven years. I love the house dearly, but needed to move for my daughter's athletic pursuits. The house is move in ready!Bob_Ag said:
Wife and I moved away from CS to Round Rock in 2014. She may have the possibility to return to her old employer in Bryan and I work remote, so it's a legitimate option should the job pan out.
Curious how the SFH market is looking right now as we enter summer? How is the $250-450K segment compared to this time last year?
I am the friend and this is the house 3914 Lienz Lane. It is zoned to College Station High School and I have been the only owner. I love the house dearly, but moved so my daughter could further pursue her athletic pursuits. Someone buy my house so I can stop driving my dear friend crazy!TXTransplant said:dallasiteinsa02 said:TXTransplant said:
Follow this link for the stats for this year so far. Overall, listings are up over 50% and sales are down 24%.
http://www.bcsrealtor.com/index.php?submenu=areaHousingStatistics&src=gendocs&ref=AreaHousingStatistics&category=forConsumers
There is a ton of desire to move within the market that is creating a little bit of a bubble in neighborhoods. I talked with 6 listings in Pebble Creek that were moving to Miramont or Traditions. Several older couples wanted out of Castlegate II to go to other areas of town and the school board created a ton of fear within the market. Give it a little time and it will work itself out.
I sold my CS house before the bubble started to grow...sold it for only a few thousand more than what I paid for it.
But I have a friend who is trying to sell a $250k-ish house now. It's been on the market for about 80 days. I keep telling my friend exactly what you said above - just have to be patient and wait it out. There just don't seem to be that many buyers right now.