Quote:
Originally Posted by 784caroline
Dont kid yourself when you say TV RE prices are holding their own....yes we are better than most of teh country but we are still feeling the pain of the economy. MOst people I talk to who are selling or have sold a house in TV that was originally bought in 2005-2009 is down anywhere from 10-20%. Just look at the new home prices....YOu can buy designer homes on a golf course for $350-400K and its not uncommon to find small designers on an inside lot for low $200's. I know someone wanting to sell a ranch Amarillo that they paid around $180K and can now expect to sell it for $165K less expenses. RESALES are where the best deals are NOt only in price terms but Location.
If the ecomony and Real estate picture would change up north there would be a flood of sales at premium prices here in TV.....thats not the case today. HOwever what we do have is an infrastructure in place and growing that is supporting the lifestyle we all bought into and what makes people still wanting to buy here. Once you move here there really is no need to look back/////but the villages is not immune from down turns.
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Agreed that houses purchased at the peak may have slid in price. However, if "holding their own" is defined as houses purchased in the last few years have not declined further, then I think that is true. Our neighborhood was built in the latter part of 2008 through early 2010. Since then several houses have been resold. I only know of one which sold for less than the original purchase price.
Some examples:
purchased 10/08 for $269K; sold 7/10 for $311K
" 2/09 for $294.5K; sold 4/10 for $318K
" 10/09 for $217K; sold 9/10 for $230K
" 9/08 for $263K; sold 12/09 for $275K
" 6/09 for $219K; sold 1/11 for 240K