June Real Estate Stats

RSS Feed

We sat down and discussed what we value in the real estate business.

Last week, I sat down with our leadership team, and we talked about what we value in the real estate business. We like to have fun, we're positive people, and we want to focus on our relationships with our clients and everyone in the office. We also want to be experts who work hard and who you want to work with when you're buying and selling real estate.

If you know anybody who’s looking to buy or sell in 2022, consider referring them to us. We wish you all a merry Christmas and a happy New Year. Thank you for all you've done for us this past year.

If you have any questions, don’t hesitate to reach out to us. We look forward to hearing from you.

437 Views, 0 Comments

The supply and demand issue could see a decade-long market boom.

Is the real estate market nearing a peak? Previously, we made a video on how millennials are now entering the market. There's not enough supply to support the millennial demand. This week, Barons published an article saying that the housing boom could last for a decade. That's because this boom is driven by a lack of supply, not demand.

We’ve underbuilt homes for the past 10 years since the housing crisis. Homebuilders haven't built enough homes to support the millennial generation, and now they’re trying to catch up. They're predicting that this could take another 10 years.

If you think you’re too late to this market and don’t want to buy at the peak, understand that this is…

275 Views, 0 Comments

We just wanted to say thank you for all your support this year.

It’s November, which means Thanksgiving is coming up. I just want to say thank you to our clients for all your business and support this past year. Many people think real estate is easy; they think it’s simple to sell properties and help buyers find homes, but it’s a challenge. (However, I still think it’s the best business in the world.)

We’re very thankful for you all.

It’s especially been difficult the past year or so due to the lack of inventory. There are fewer houses to look at and help our buyers find just the right home. Plenty of people are jumping into the business because they think this hot seller’s market will make it easy to do transactions when in reality, it’s…

562 Views, 0 Comments

Here’s why people are comparing our land rush to the California gold rush.

Right now, people are comparing the land rush in Texas to the California gold rush of the 1840s. As an accredited land consultant, I can tell you that land prices have gone up by over 9.5% in the first quarter of 2021 and more than 17% in the second quarter. Many have been told that land under $10,000 an acre in South Central Texas is impossible to find, but this is a misconception.

Today I have two tracts available in beautiful southern Fayette County just west of Flatonia, Texas, headed toward the Texas hill country.

If you would like more information, don’t hesitate to reach out via phone or email. I would love to hear from you.

1,062 Views, 1 Comment

An update on the real estate market and showcasing a 94-acre property.

Today, I’ll update you on what's been going on in the market before highlighting a property we just listed with a 15-acre lake. We're located between Austin, Houston, and San Antonio. The communities that we service are Lagrange, Schulenberg, Flatonia, Howardsville, Columbus, Weimer, and Giddings. Here are some comparisons from one year ago to today:

1. Supply. Among all those communities, we had an average of 4.07 months of inventory a year ago. Today we have 2.18 months of supply.

2. Sales price. The average sales price for residential homes last year was $162,829. Today the average sales price is $200,815.

"We're still attracting quite a few buyers to our area."

904 Views, 0 Comments

See what’s changed in our South Central Texas real estate market.

As you likely already know, we’ve been in a strong seller’s market for quite a while now. There are very few homes available but many eager buyers, so competition is fierce. Part of this is because new home construction has been lagging behind population growth over the past decade. Starting in 1970, there were around 10 to 12 million homes built every decade. From 2010 to 2020, however, there were only 6.5 million new homes built.

Millennials are the biggest generation now, and many of them are ready to purchase homes. Unfortunately, there aren’t enough available for them, and prices are rising rapidly as a result. Additionally, low interest rates are pushing even more buyers…

2,089 Views, 0 Comments

Life in rural Texas can be amazing. Learn more about rural living here.

 

We’re located in a rural part of Texas between the major cities of Houston and San Antonio, and we're also 75 miles away from Austin and 60 from Victoria. Wherever you want to go on a given day, this is a great place to be situated. However, since people from urban areas don’t really know all of what rural life can offer, today Reveca and I will discuss some things that urbanites want to know about rural living. 

Feel free to follow along with our conversation in the video above, or else use the timestamps below to navigate the discussion at your leisure:

 

1:38—How’s the Wi-Fi?

1:56—How’s the commute?

2:42—How are the schools?

3:43—What kind of crops…

9,872 Views, 0 Comments

Interest rates are down, which means buyers’ purchasing power is up.

 

There’s an inverse relationship between interest rates and homebuyers’ purchasing power. In other words, since interest rates are low, buyers’ purchasing power has increased. In that vein, there are two topics I want to discuss:


Equity is the difference between what you owe on your home and what it would likely sell for in today’s market. Over time as you pay down your mortgage, the home’s value appreciates with the market. However, many people don’t really know how much equity they have. There’s a good chance that you have more equity than you realize and that you could actually be able to move up if that is a goal you have.

 

With interest rates as low as they…

1,435 Views, 0 Comments

Today I’m joined by Reveca Garcia, our newest agent, to learn about how she helps our clients. 

Reveca Garcia is an inside sales associate, a licensed Realtor, and one of Team Bubela’s newest hires. 

As an industry, real estate has a lot of moving parts. Agents are trying to help as many people as they possibly can, but often we get so bogged down with our services and trying to help homeowners and buyers.

That’s why we’re so excited to have Rebecca on our team. She helps potential buyers to figure out what they want and what they can potentially afford. Many people who are looking to buy a home have no idea about what they want until they’ve seen different options and have a discussion about it. She’ll send clients various listings that…

1,656 Views, 0 Comments

The latest numbers point to a firm seller’s market in Central Texas.  

Now that we’re into September 2020, it’s time to review the latest market numbers from August in La Grange, Schulenburg, Flatonia, Hallettsville, Columbus, and Weimar. 

Near the beginning of the summer, we saw a lot of activity due to pent-up demand in June. Absorption rates were high and inventory dropped quite a bit. During July, though, inventory rose and absorption rates dropped. Then in August, demand was sky-high and inventory dropped again quite a bit. This brings us to the key stats you need to know from each city in our area:

La Grange:

  • 58 homes have sold in the past 12 months

  • The absorption rate is 4.83 months

  • There are 21 homes on…

2,035 Views, 0 Comments