According to a report by Real Estate Center at Texas A&M University and the North Texas Real Estate Information Systems, North Texas sold a record 61,616 houses as of July 2017. Experts suggest that if the trend continues, North Texas will beat its all-time high of selling 100,000 plus houses in 2016. So, looking at the trend would you be interested in taking advantage of the real estate investment opportunity in North Texas? Well, let’s take a look at some other interesting figures that might encourage investors, if you haven’t already.
Some More Interesting Facts and Figures
- In July, real estate consultants sold 10,545 single-family homes (up by 11 percent from 2016)
- The July 2017 sales were the second highest home sales ever in North Texas
- The median sales price for homes rose to $250,000 in July (9 percent higher than median home sales in July 2016)
Through the first seven months of 2017, a record 61,616 houses have sold. If the pace at which buyers are buying real estate continues like this, North Texas will beat its all-time high of selling more than 100,000 homes sold in 2016.
Some More Reasons to Invest
North Texas real estate prices are at record highs and the price of an average North Texas home has increased by more than 50 percent in the last five years, some of the largest percentage gains in the country.
The rate at which a North Texas home was sold in July 2017 was 3 percent faster than the rate at which it was sold in July 2016. As opposed to what it used to be earlier, It took just 35 days for a North Texas home to sell in July 2017.
Need Help to Identify the Right Investment Opportunity?
If you need help to identify the right investment opportunity, FIG Tree Capital Ventures offers a great real estate investment program in Texas and surrounding areas. Our investment consultants have proven expertise in helping clients strengthen their portfolio through the acquisition, development, and management of off-market, at-auction, pre-foreclosure, and bank-owned real estate assets in Texas. To contact us, call at 866-304-9194 , or fill out our contact form and our investment experts will get back with you, shortly.