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
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