Friday, April 12, 2013

Tech Terrace Inventory Shrinking!

There are only 21 Tech Terrace area homes listed for sale in our MLS today.  The Avalanche Journal and other media sources have reported that Lubbock's housing market is becoming more active and that a shift has taken place from a buyer's to a seller's market.  This trend is reflected in housing in Tech Terrace. 

In recent years it has been rare to have fewer than 28 homes on the market in this wonderful neighborhood near TTU.  Rumor has it that several homes that have gone under contract in recent weeks have had multiple offer.  This trend is great for sellers and not such great news for you if you want to buy a home in Tech Terrace.  HOWEVER, don't dismay there are still good options and most sellers are still willing to be flexible - just not as much in the past.  With more buyers than homes, sellers don't have to make as many concessions as they have in recent years.

Tech Terrace Homes For Sale Overview (as of April 12, 2013). 

Homes listed for sale - 21
Price Range - 92,000.00 through 549,000.00
Average Days on Market - 88
Average Price Per Sq Ft - 90.19

The home that I have listed for sale is located at 3301 21st Street is bargain priced at only 66.87 per square foot.  The lowest price per square foot home in Tech Terrace!  Call me for more info on this one.

If you want to buy in Tech Terrace - call me.  I believe I know the area better than any other Lubbock Realtor.  If you want to sell a Tech Terrace home - absolutely call me.  I appreciate the appeal and value of the older homes in this area while many of my colleagues will say they don't understand why a buyer would pay so much for an 'old' house. 

Serving all of Lubbock, surrounding communities, and especially Tech Terrace - I look forward to helping you with all your real estate needs.

Mary Benton, REALTOR
Keller Williams Realty
806 790 1026
marybenton@kw.com




Mary Benton, Tech Terrace Realtor

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