User474_5_t Chris Tesch College Station, Texas Real Estate
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2006 saw College Station selling a total of 1385 residential units (this includes homes, condos and townhomes, but not multifamily units such as duplexes and apartment complexes). 

The most expensive was a brand new build by Marriott Builders, represented by RE/MAX Bryan-College Station, this builder home was listed for $999,900 and was on over 1/2 acre in the prestigous Pebble Creek Subdivision.  It was 4,970 square feet and featured 5 bedrooms, and 5.5 baths.  A pool, hot tub, outdoor kitchen and media room with big screen TV all came standard.  The property was on the marekt for 76 days total and sold for 1,138,712.  Upgrades were added to come to the new total.  The price per square foot was $229.12.

The least expensive was a one bedroom/one bath condo in Cripple Creek Condominiums listed and sold for $39,500.  This 677 square foot condo was on the market for 74 days and looks quite the bargain today, since I sold one Friday as the listing agent for $47,000.

Of the 1385 sold, less than 10% went for under 100K.  Almost 66% went for 100-200K.  This leaves only 24% going for more than 200K.

Here is the breakdown:

35-100K   135 units

100-200K  912 units

200-300K  212 units

300-400K  92 units

400-500K  24 units

500-600K  7 units

600-700K  6 units

700-900K  0 units

900-1M  2 units

Of the 100-200K category it broke down like this:

100-125  212 units

125-150  398 units

150-200  311 units 

 

 

2 Comments on College Station 2006 Market Report

Around College Station in the listing price area of 115-130 K for single family or Townhomes what do you see the sales prices fall into?  90-92-95-98% of the List prices??  Just curious about your opinion

04/04/2007 02:19 PM by Gordon


Gordon, It actually tends to be around 97%.  At times, with these lower prices, though, we encounter multiple offer situations where the property goes for full price, or sometimes slightly higher.  Typically not in the 130K range, but anything under 120 is much sought after.

04/04/2007 06:42 PM by Chris Tesch College Station, Texas Real Estate (RE/MAX Bryan College Station)


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Real Estate Agent: Chris Tesch College Station, Texas Real Estate (RE/MAX Bryan College Station)
Chris Tesch College Station, Texas Real Estate
College Station, TX
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RE/MAX Bryan College Station

Office Phone: (979) 764-6000 Ext.: 26
Cell Phone: (979) 574-1084
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Information about the Bryan/College Station Texas market. General information about real estate. My soapbox occasionally!


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