Saginaw, Texas, Residential Home Sales for April 2019
Twenty- seven homes sold in April with prices ranging from $168,000 to $348,000. The average sales price was $227,743. The average home sold for 99.11% of the list price, but this statistic does not account for seller paid closing costs for the buyer or price reductions. Sellers are still receiving good prices, but buyers can expect some concessions, too.
The average time on the market was 28 days, but thirteen homes sold in less than two weeks. Which homes took the longest to sell? The three homes that are over 3000 square feet took 107 days, 166 days and 31 days to sell. These numbers reflect the fact that in this market fewer buyers want to purchase a large home. The trend is for current buyers to be Millennials or Baby Boomers competing for the smaller homes, especially the one stories.
To look at the sales statistics in more detail, let’s divide the Saginaw sold market into two parts using $220,000 as the division price. This price is very close to the cost of the least expensive new construction in our area. Homes that sold for less than $220,000 averaged 1595 square feet, were built between 1966 and 2003, and sold in an average of 17 days. Only two homes sold in the oldest neighborhoods.
The Saginaw homes selling for more than $220,000 ranged in size from 1747 to 3938 square feet with an average of 2523 square feet. Many of the homes are single story homes of about 2000 square feet. The largest homes are in Highland Station and Heather Ridge. The most expensive home sold is in Creekwood and sold for $348,000. It is 2905 square feet. These more costly homes were on the market for an average of 38 days as compared to the first group that sold in 17 days.
This is still a good market for both buying and selling. Homes are selling at historically high prices. Many are selling quickly. Since fewer buyers are looking for homes than in the last couple of years, buyers will like being the only one making an offer and not having to compete with other buyers in a multiple offer situation. Buyers can now often negotiate for seller concessions, such as closing costs and repairs. Because of the low inventory, buyers may need to patiently wait for the home of their dreams to come on the market. Please contact me so that I can set up a free, online search for you for that perfect home. I can help you find new construction and assist you with the process of buying a home from a builder and assist you in choosing just the right builder for you. I will facilitate your search for the perfect preexisting home and do everything possible to make the purchase easy for you. When I list your home for sale, I work to sell your home for the highest price in the shortest time with the least amount of stress for you. Please call me, text me or e-mail to learn how I can serve you. There’s no obligation.
– Kathleen Wheeler –