Saginaw, Texas, Sales of Preowned Homes for June 2020
The surprise for June was the fact that sales continued as if there were no Covid-19. The inventory of homes for sale remains low, and the average Saginaw home sells quickly at close to list price. June saw quick sales across all price ranges. The local real estate market has been amazingly resilient to all the economic distress in the larger economy.
Thirty-four homes sold through multiple listing in June. This number of sales is typical for this time of year. The maximum sold price was $315,000, the lowest was $127,300, and the average sold price was $217,659. The average sold price has been higher when more expensive homes sold during a month. This average does not indicate a decrease in value of homes but reflects the high number of less expensive homes that were for sale in late May and in June. Twelve homes were on the market for less than $200,000 with eleven of these priced from $175,000 to $200,000. Six homes in this price range were in Rancho North. I was the listing agent for the home that sold for $127,300. The seller originally listed this house for $120,000, but with so many excited buyers competing for the property, she sold for cash for $7300 over the list price. Because the home had obvious evidence of foundation issues which the seller did not wish to repair, only a cash buyer could purchase the property easily and quickly, which is what my client wanted.
Saginaw homes continue to sell quickly with on average 21 days on the market. Eighteen homes sold in less than two weeks, including homes that sold for as much as $280,000. Listing for the right price is important when trying to sell quickly. One home was on the market 102 days. The price was reduced from $242,000 to $224,500 before it sold.
The sold price of homes averaged 98.92% of the list price in June. The percentage has changed little in many months. Some homes continue to sell above their original list price as they receive multiple offers. Only four listings sold for less than 95% of their list price.
If you are thinking of buying, selling or want real estate information, please contact me! I would be delighted to give you more information about this robust market and how I can work for you as your seller’s agent. If you are a buyer, I have strategies to help you find just the right house even in this competitive market with low inventories. Call, text or e-mail me. I look forward to serving you!
– Kathleen Wheeler –