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Phone: 979-693-0201 Email: [email protected]

Myke Leatham | Brazos County Realty

Myke Leatham | Brazos County Realty

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College Station Real Estate Sales for 2013

January 30, 2014 by Myke Leatham
Bryan/College Station city line

Understanding real estate market trends and conditions is not only important for Realtors® or those actively working in the real estate market, if you’re buying or selling a home in College Station or Bryan, Texas knowing the real estate trends is vital to your transaction’s success. Trends and forecasts come into play when pricing your home for sale, when negotiating a sales contract, and when determining if a home or property is a good deal or not. While your Realtor® should always provide you with access to local market data, following these trends online is a great way to stay in touch with the market to determine whether or not now is the right time for you to buy or sell.

As a local real estate expert with years of experience in the College Station homes market, it would be my pleasure to discuss these statistics and trends with you. Below you’ll find a brief recap of what happened in 2013 and some projections for 2014. If you have any questions along the way, do not hesitate to contact me, Myke Leatham, at your leisure.

College Station Real Estate Trends 2013

The College Station and Bryan, Texas real estate markets were hot in 2013 and are projected to continue to be quite active as we begin 2014. It was a dynamic year in real estate with low mortgage rates, all-cash buyers and tight inventories towards the end of the year starting bidding wars amid the housing market’s recovery. In fact, in nearly every month of 2013, more properties were sold than in the same month of the previous year in the Bryan-College Station real estate market. This accounted for more than a 24 percent increase in sales when compared to 2012.

Similar to the rest of the country, the number of new homes being placed on the market for sale was not keeping up with the pace at which homes were being sold, causing tight inventory and multiple offer situations throughout the market. This was a great advantage to sellers, particularly during the last quarter of 2013.

Projections for 2014 are quite similar to what we saw during this last quarter of 2013, with a few exceptions. Let’s take a look at what economists and real estate experts are predicting during 2014.

1. Inventory should gradually stabilize and return to traditional seasonal levels. During 2013, buyer demand ramped up and homeowners waited for further price increases and evidence of a solid economic recovery before putting their homes on the market. The year began with quite a shortage, yet as the year went on shortages began to decline slightly. However, nationally homes in 2013 sold faster than in 2012, with the median age of the inventory on hand down by 11 percent. If this is a forecast of what is to come, we should expect the inventory to gradually stabilize.

2. Homeowners are likely to return to positive equity. According to the National Association of Realtors®, rising prices helped more than 2.5 million homeowners who were previously underwater to regain positive equity status, however more than 7.1 million homes were still in a negative equity situation. The good news is that prices are expected to continue to rise in 2014, which will lift more homeowners into positive territory.

3. Mortgage rates are expected to rise. The Fed has considered tapering its bond-buying activity as the economy improves, which could lead to an increase in interest rates despite the fact that the new Chairman Janet Yellen is expected to continue policies similar to those of former Chairman Bernanke.

4. Foreclosure activity should slow. Foreclosures are likely to play a diminishing role in the 2014 real estate market, as inventory of foreclosures have dropped to multi-year lows. 

To learn more about the 2013 real estate market in College Station and Bryan or to discuss what is coming down the pipeline for 2014 College Station rentals and homes for sale, please do not hesitate to contact me today. I look forward to hearing from you and to helping you navigate the real estate waters in 2014. Connect today to get started!

 

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Category: Blog

About Myke Leatham

I’m so glad you found me – your College Station and Bryan, TX real estate source! When you choose to buy or sell a home in College Station/Bryan, TX or other surrounding areas using our expert services, you will receive a free consultation to determine your needs, free listings, and free reports sent to you by email. These weekly reports will show you how hard the members of my team are working to accomplish your property goals, and we guarantee the best service and consultation you have ever experienced. You’ll find the best community information for the College Station, Texas region right here.

It’s nice to know YOUR Realtor will still be of service after the sale.

Experience Counts: Broker/Owner of Brazos County Realty
Over 25 years of sales experience. With past ABR, GRI, CRS, & Epro designations.
Continuing education in real estate: Education is paramount in an ever changing industry like Real Estate. Myke has taken over 1000 hours of real estate specific courses which include but are not limited to: Residential Appraisal, Marketing, Law Contracts I & II, Finance, Residential Inspections, Principles and Practice, Law of Agency, Code of Ethics, Bankruptcy/Easements/Surveys/and Probate, Home Warranties, 1031 Exchanges and hundreds of hours of extensive real estate training.

Reputation: SALES LEADER since 1998; Top Producer 2000 through 2009. Listed among the top agents in the county. Consistently ranked among top realtors for total sales volume out of 900 realtors for commercial and residential real estate in the Bryan/College Station, TX area. When Myke represents buyers, she presents all viable options to her clients, including those properties that are not officially listed, but could be available for sale based on her inside information. Her expertise lies with investors and marketing homes of all price ranges in College Station/Bryan to local, national and global buyers, across all major media channels and through her extensive, personal network of contacts.

Myke is among the top 1% of all Realtors in North America!
She has earned the Designations of ABR (Accredited Buyers Representative), CRS(Certified Residential Specialist), GRI (Graduate of Realtors Institute)CHMS (Certified Home Marketing Specialist), and E-pro (Certified Internet Professional)
Fewer than 3% of all Realtors nationwide earn these certifications. They are not only a symbol of Myke’s commitment to this business, but these designations are your assurance of a skilled, trained real estate professional.

Myke is a consummate real estate professional who not only understands the art of deal-making, but also the art of relationships. She makes the process of buying and selling homes an uplifting and fun experience. She has a tremendous appreciation for Bryan and College Station, its rich history, and Texas A&M traditions having lived in the area for 25 years. Her knowledge of Bryan/College Station’s real estate market and market trends is unparalleled. Having been personally involved with clients through their remodeling, purchasing and selling processes, she knows intrinsic quality and value when she sees it. When she doesn’t see it she lets her clients know, without hesitation.
Myke’s proven track record and affiliations in the field of real estate demonstrates her high level of professionalism.

* High energy and enthusiasm
* Aggressive marketing
* Expert negotiating skills
* Ability to listen and ascertain customer’s desires and needs
* Fun to be with
* Internet savvy
* Because Myke is an experienced investor, she quickly helps her customers locate and define good business opportunities. No one likes the feeling of being ‘sold to’ so Myke provides as much information as possible to help you make the right decision.

Personal Commitment:
I am prepared to go the ‘Extra Mile’ for you, because I understand the financial and emotional significance of purchasing and selling your home. I will carefully listen to your desires and arrive at a workable plan. I believe sensitivity, listening, and service are important keys to success.
Whether you are buying or selling a home or you are just curious about your home’s market value, I’d be happy to provide my market expertise and intelectual property without obligation, or meet with you to evaluate your home for future reference. I want my customers to have a great time and enjoy the total process of purchasing or selling property. It gives me great pride when my customerspass my name on to their friends and family. I will continue to work hard to make sure critical information is available at www.AggieRealEstate.com and I invite all interested investors to search my site for cash flow opportunities. I will dedicate my time and talents to helping you achieve your goals. It is my goal to make your buying and selling experience extraordinary. Look closely and you’ll see how much I love meeting and working with people. You’ll experience the difference in working with an experienced and dedicated professional.

Personal information:
Michelle goes by ‘Myke’ and is the proud mother of 6 children – 3 girls and 3 boys. Her husband is David Leatham. They met at Brigham Young University. They have been married since 1977. David is a finance professor, and Associate Head over graduate studies in the Agricultural Economics Department at Texas A&M University, and speaks fluent Spanish. They have lived in College Station since 1983 and loved every minute of it. Myke loves to quilt, sing, swim, ‘sing’, bake bread, ‘sing,’ garden, ‘sing’, sell real estate, and ‘sing some more’ :-). Family, church, and real estate consume most of her time. Truth, honor, integrity, kindness, loyalty, gratitude, and service are very important words to her.

Slogan: ‘Let Myke Help You With Your HOMEwork!’

Referrals: The highest compliment I can get is when you pass my name on to others or post a kind remark on the internet. When you send your friends and family my way, I’ll always provide them with the highest quality of service that I know you would appreciate. Thanks in advance for all your support and friendship.

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Next Post:COLLEGE STATION / BRYAN SALES STATISTICS: JANUARY 2014

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