Friday, March 4, 2022 / by Kathryn Jones
Bell County is currently a sellers market, meaning that there are more people looking to buy than there are homes available. The median listing home price in Bell County, TX was $249.5K in January 2022, trending up 21.7% year-over-year. The median listing home price per square foot is also $131. This means that if you have a great piece of property, with or without a home, it's a great time to sell (& we have clients looking exactly in this area!)
As many of you know from reading our President, Russ Phillips’ most recent blog post, “A Note From Russ On His 20th Real Estate Anniversary: Inflation, Supply vs. Demand, Beating of War Drums & More,” real estate inventory is low right now. Really low. Check out this snippet from Russ’ realty wisdom to get a better viewpoint on the current marketing inventory:
“A neutral/balanced market between buyers and sellers is thought to be enough homes on the market that it would take SIX months to sell all available inventory (if the pace of sales remained constant and no new listings were added).
But we don't have 6 months' worth of homes to buy. The current supply across many price points and regions is below 1/2 a month. There are niches (like 1-3 acre lots with custom homes in West Georgetown for example) where literally the cheapest available home fitting this criteria is $1.1 million, and the SECOND CHEAPEST is $3.3 million. Everything else is under contract or sold. That, my friends, is a shortage of inventory.”
With that being said, we’ve gathered our current Russ Phillips Team buyer needs and wanted to share them to our amazing community to see if you might have something we’re looking for. From Bell County area homes, land and investment properties, the needs are there. Check out what we’re on the hunt for in Bell County for our buyers…
If you are selling a home or piece of land that fits any of these criteria, please contact our team today and let us take it off your hands! You can contact us via:
Phone: (512) 888 - 9205
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