It’s that time of year again! When it comes to hot chocolate, Christmas lights, Santa sightings, and Christmas movies, we know exactly where you can go to enjoy the best holiday events this year.
Everyone is talking about seeing Santa with the kids, but where is he? The most recent Santa sightings have been at the La Plaza Mall in McAllen, the Valle Vista Mall in Harlingen, and at the Bass Pro Shop in Harlingen. You can also visit Quinta Mazatlan on December 17th for their “Santa in the Forest” event.
We have the latest Santa sightings!
Don’t forget to stop by the Hidalgo Festival of Lights, which goes on all throughout December. Check out www.hidfol.com to get the ful llist and map.
When it comes to Christmas movies, make sure to see Elf at the McAllen Convention Center. You could also enjoy the Nutcracker ballet at the McAllen Civic Center.
Finally, check out www.rgvfamilyplanner.com for a full list of events, including Santa visits, holiday lights, gingerbread house building, and live Nativity scenes. If you have any other questions, please don’t hesitate to give us a call or send us an email. We would be happy to help you! So, make sure to send us your questions. We look forward to hearing from you!
The holidays are right around the corner and the new year is fast approaching. As 2016 winds down, we wanted to reach out to you for a small favor.
We hope you appreciate the video emails we regularly send out each month about different trends, changes, and tips for navigating the world of real estate. Rather than simply guess what’s on your mind, we wanted to reach out to you and ask if you have any questions about real estate.
Ask us a question and we will answer you with a video!
Are there any concepts that confuse you? Are you curious about the market in a certain area? Do you want to learn how to prepare your home for the market?
Send us your questions and we’ll answer you with a video so that others can benefit from your curiosity. To sweeten the deal, if you send us a question and we select that topic for a video, we’ll give you a $25 gift card.
So, make sure to send us your questions. We look forward to hearing from you!
This summer was one of the busiest our team has ever seen, and it doesn’t look like the market will slow down anytime soon. August had the highest number of transactions in a month that our team has ever seen!
As we head into fall, what is happening in the market? I am often asked if we are in a buyer’s or seller’s market, so I thought I would go over the latest market trends for you today.
One key factor in determining what kind of market we are currently in is the absorption rate. The absorption rate is the rate at which available homes are sold in a specific real estate market during a given time period. The absorption rate is calculated by dividing the total number of available homes by the average number of home sales per month.
The absorption rate in Hidalgo County has steadily declined over the past two years as the average days on market fell and the number of home sales increased. Right now, Hidalgo County has an absorption rate of 8.4 months.
Absorption rate only tells part of the story.
To put that in perspective, if the real estate market has less than six months of inventory on the market, it is considered a seller’s market. Six to seven months is considered a balanced market, and anything over seven months is a buyer’s market.
So, if you look at the absorption rate for Hidalgo County, you can determine that we are in a buyer’s market. However, that is just the average absorption rate for the entire market. If you look at certain price ranges or cities, you will see a different story.
For example, we have five to six months of inventory in the $100,000 to $150,000 price range, placing those homes in a seller’s market. Homes priced from $150,000 to $200,000 have 6.4 months of inventory, which makes it a neutral market. Finally, homes priced $200,000 to $250,000 have 11 months of inventory, putting those buyers and sellers in a strong buyer’s market.
If you are considering buying or selling a home, we will take a look at the absorption rate in the area and price range you are interested in so that we can come up with the best strategy for you. If sellers are in a fast-moving area, we will position your home to sell quickly and for top dollar. If buyers are looking for homes that are in a seller’s market, we can help you figure out how aggressive you need to be.
In the meantime, if you have any other questions about our current real estate market, give us a call or send us an email. My team and I would be happy to help you!
