February 2019 Saginaw, Texas, Residential Home Sales
Saginaw homeowners sold 29 homes through the Multiple Listing Service in February of 2019. Eleven homes sold for less than $200,000, and only one of these was on the market for more than two weeks. In other words, homes in this price range are coming on the market, but they are selling so fast that a buyer must be aware of all new listings immediately and be ready to make an offer quickly. Although the least expensive sale was in the Parks Addition for $130,000, all other homes were more than $175,000. The average price of a Saginaw home was $217,959. The most expensive home was almost 3000 square feet and located in Creekwood. It sold for $315,000.
The average time on the market was 39 days. I sold a beautiful home in the Dominion that was on the market for 202 days. My clients lowered the price slightly after the first couple of months on the market, but they held out for the price they really wanted, and eventually the home sold for 97.97% of the list price. The average home sold for 99.28 % of the list price. The home selling for $130,000 sold for the lowest percentage of the list price, 92.92%. Originally it was listed for $139,000. This home was a gutted investment opportunity which would not qualify for regular FHA, VA or conventional loan. Only occasionally are such homes that offer real flipping opportunities available in Saginaw.
If you are thinking of selling, now is the time to call, text or e-mail me. Only fifteen homes are currently actively for sale in Saginaw for less than $250,000. We have buyers who have been waiting for their dream home to come on the market, and we have new buyers beginning their home search as spring approaches. If you contact me, I will give you more information about the market as it pertains to your neighborhood and your home, and I will tell you all about the listing and selling process. With good information, you can make good choices. I look forward to serving you.
– Kathleen Wheeler –