Real Estate Companies
Real Estate Agencies
Bennett & Associates 909 E. Third Sweetwater, TX 79556 325.236.6321 www.bennettandassociates.com
Hunter Ranch & Realty 101 Locust St. Sweetwater, TX 79556 325.235.1522 http://www.hunterrandr.com/
Morgan Real Estate 217 Oak St. Sweetwater, TX 79556 325.235.1762 www.morganre.com
Sweetwater Real Estate PO Box 116 Sweetwater, TX 79556 325.660.2056 www.sweetwaterrealestateco.com
Title Company
Sweetwater Title Co. 107 E Third St. Sweetwater, TX 79556 325.235.4492 jd@hargrovelaw.comNOLAN COUNTY HOUSING MARKET SOLID FOR 2016
Although the median price of residential real estate of $86,500 is down 8.9% from 2015's all time high of $95,000, it is still above the average of the previous 5 years, according to data released this month from the Nolan County Board of Realters. That trend is mirrored in the median price per square foot of residential real estate for 2016 of $55.00...off 8.1% from the record set in 2015, yet above the 5 year average.
The median Days on Market (DOM) for 2016 has seen a dramatic increase of over 23% to 127 days, attributable in large part to the new Closing Disclosure regulations according to the Nolan County Board of Realtors. This demonstrates an important aspect of the value of using a realtor in your real estate transactions. Your time is money and you need a professional to watch over the timelines of your transaction. Also, the importance of an accurate asking price cannot be overstated, as the median sales/list price ratio has decreased nearly 2% from the previous year... from 95.9% to 94.23% Statistics have proven that a properly priced home sells for more money in the least amount of time, compared to homes that are initally overpriced.
| 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | |
| SALES | 50 | 87 | 92 | 103 | 97 | 88 |
| MEDIAN $ | 81,450 | 82,500 | 87,000 | 80,000 | 95,000 | 86,500 |
| $/sf* | 48.50 | 49.96 | 55.00 | 53.95 | 59.88 | 55.00 |
| DOM** | 112 | 100 | 86 | 92 | 103 | 127 |
| S/L*** | 94.3% | 95.1% | 95.7% | 93.3% | 95.9% | 94.23% |
*Price per square
**Days on Market
***Sales to List Price ratio
Article from Tuesday February 28, 2017 issue of Real Estate Now, Sweetwater's Timely and Newsworthy Real Estate Guide
Contact us
Sweetwater Economic Development
810 E. Broadway
P.O. Box 785
Sweetwater, Texas 79556
Free: 877.301.SEED
Tel: 325.235.0555
Ken Becker, Executive Director ken@sweetwatertexas.net
Miesha Adames, Marketing/Admin. Director miesha@sweetwatertexas.net
Location is Key