Belton Texas Real Estate

Belton Texas Real Estate

We are continuing our series on “We know its summer time and the hot weather is here, but how hot is the Belton Texas Real Estate Market??”  What a great question to ask!  The real estate market in Belton is doing very well and is continuing to break the national trend as is the rest of Texas.  The inventory numbers are currently around 150 homes. 

Comparing Jan.1 – July 19, 2009 to Jan 1. –July 19, 2010

            Jan – July 19                 2009                 vs                     2010

Average List Price                     $164,554                                   $159,811

Average Sales Price                  $159,811                                   $150,791 

Average DOM                           134                                           111                   

# of units SOLD                        121                                           138

As you can see by the numbers Belton Texas Real Estate remains strong.  Average list price and sales price are down just a little, but the good news is the average days on market is down and the number of units are higher.  Always remember real estate is like the weather, it is local.  Interest rates are still at a historical low. We have seen rates today running around 4.5% on a 30 year note and around 4% on a 15 year note.  Of course interest rates are subject to change and vary depending upon credit and other factors.  For more info call your lender today or give us a call!  If you are looking to buy a home or a piece of real estate in Salado call First Texas Brokerage today!!! 

Information obtained by Temple Belton Board of Realtors