All Blog Entries by Chip Bubela

Found 9 blog entries published by Chip Bubela.

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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We got through the first month of 2020 pretty well, and today I want to share a January real estate market update. I’ll be providing the statistics for the towns of La Grange, Schulenburg, Flatonia, Hallettsville, Columbus, and Weimar. Also, remember: Absorption is the rate at which homes are sold. Here are those stats:

La Grange:

  • Homes sold: 62
  • Absorbed: 5.17
  • Inventory: 3.68 months
  • Average sale price: $186,696

Schulenburg:

  • Homes sold: 24
  • Absorbed: 2
  • Inventory: 4 months
  • Average sales price: $145,716

Flatonia:

  • Homes sold: 18
  • Absorbed: 1.5
  • Inventory: 4 months
  • Average sale price: $122,664

"Knowing these definite numbers allows us to help you make better decisions."

Hallettsville

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Traditionally, most folks list their homes during the spring, but there are five compelling reasons why you should consider listing your home this winter:

1. Buyer demand remains strong.

2. Inventory levels remain under six months. This means that we’re in a seller’s market.

3. Buyers are more serious at this time of year.

4. There will never be a better time to move up to a bigger, better home.

5. Remember why you want to sell. It could be the perfect time for you and your family for multiple reasons.

If you have any questions for me, feel free to reach out via phone or email. I look forward to hearing from you soon.

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As you may know, the last Thursday of every month, our team hosts a real estate radio show on KVLG/KBUK 104.9. As a part of this segment, we share the latest numbers from the marketplace encompassing La Grange, Schulenburg, Flatonia, Hallettsville, Columbus, and Weimar. Today I have the 2019 year-end numbers from this area to share with you. 


La Grange:

Homes sold: 50
Absorption rate (average number of homes sold per month): 4.25 
Inventory: 3.84 months
Average sale price: $186,854

Schulenburg:

Homes sold: 21
Absorption rate: 2
Inventory: 5.71 months
Average sale price: $145,716

Flatonia:

Homes sold: 17
Absorption rate: 1.5 
Inventory: 3.53 months
Average sale price: $116,228

Hallettsville:

Homes sold: 19
Absorption rate: 1.5
Inventory: 3.79 months

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