June Real Estate Stats

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

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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

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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

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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

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Here’s an estimate of what rural real estate costs in South Central Texas.  

What’s going on with land market values these days? It’s harder to run land values because no two pieces of property are exactly the same, so we’ll go over the average price per acre for different-sized acreages in Colorado, Fayette, and Lavaca counties to help you get an idea. These averages were recorded over the past six months:

Colorado County:

  • 1-15 acres: $14,852 per acre

  • 16-30 acres: $11,986 per acre

  • 31-60 acres: $7,702 per acre

  • 61-100 acres: $6,922 per acre

  • 100+ acres: $3,890 per acre

Fayette County:

  • 1-15 acres: $26,236 per acre

  • 16-30 acres: $12,341 per acre

  • 31-60 acres: $8,945 per

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Rural real estate is making a comeback; here’s what you should know.  

Today I’m sharing the latest residential real estate and land prices for Colorado, Fayette, and Lavaca counties, as well as six Central Texas municipalities. There’s finally some good news to report: Properties are now being absorbed quickly, and months’ supply across our local market is dropping. In light of what’s been happening with COVID-19, the American Dream has been rebooted; there’s a resurgence of interest in land as folks are itching for some elbow room after being pent-up in the larger cities for so long.  

Cited below for your convenience are timestamps that will direct you to various points in the video. Feel free to watch the full message, or use these

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Here’s what the latest numbers tell us about our South Central Texas market.  

Now that we’re into June, it’s time for another market update. Today I’ll give you a statistical rundown of all of our South Central Texas macro markets, comparing the latest numbers with where we were at the beginning of 2020. I’ll also explain what these numbers mean for buyers and sellers. 

Cited below for your convenience are timestamps that will direct you to various points in the video. Feel free to watch it in its entirety or use these timestamps to browse specific points at your leisure: 

0:33—Colorado County

1:00—Fayette County 

1:28—Lavaca County 

2:09—La Grange County

2:33—Schulenburg County

2:53—Flatonia County

3:15—Hallettsville

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Recovery will take longer than any of us prefer, but here’s some positive news.  

Today I’m once again bringing you a market update from my backyard office; I finally have a giant coffee mug, so you could say I’ve made the best of my new workspace. Things have changed in so many ways since the spread of COVID-19 began, and what better way to illustrate that than by comparing February’s pre-pandemic market data to the numbers we just received for the start of May 2020? 

We’ll take a look at absorption rates, active listings, and inventory levels to gauge our market’s standing throughout the South Central Texas area.

Cited below for your convenience are timestamps that will direct you to various points in the video. Feel free to watch it in

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Nobody knows how long the COVID-19 pandemic will last, so if we take it one day at a time, we’ll get to the finish line eventually. Here’s the latest from our industry.  

I know it may be hard to believe, but it’s business as usual for us—somewhat. We’re still doing listing appointments, whether virtually or in-person while maintaining the recommended social distances. Before we show a house, we’re asking sellers to turn on all of the lights and leave all of the doors open so we can come through with as little physical contact as possible. 

The real estate industry is still active due to basic necessity: If you need to buy, you need to buy; if you need to sell, you need to sell. Naturally, though, the number of listings is down right now. It’s

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How does our market look heading into the 2nd quarter of 2020? Here are the latest numbers. 

It’s time to take a look back at the latest real estate market statistics for Colorado, Fayette, and Lavaca counties, as well as what’s been going on in specific markets around South Central Texas during the last 12 months. Here are the numbers that you need to know for each area:

Colorado County

  • Homes sold: 168
  • Absorbed: 14
  • Inventory: 5.71 months

Fayette County:

  • Homes sold: 232
  • Absorbed: 20
  • Inventory: 6.41 months

Lavaca County:

  • Homes sold: 81
  • Absorbed: 6.75
  • Inventory 5.63 months

La Grange:

  • Homes sold: 60
  • Absorbed: 5
  • Inventory: 4 months
  • Average sale price: $179,718

Schulenberg:

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