Keeping Up with El Paso Real Estate — The Benefits Will Astound You
In the first quarter of 2017, El Paso real estate saw an eight percent increase over the same time period last year. That equates to 112 more homes. Not only that, but the houses that were sold had prices that were over 10 percent higher than those sold in the first quarter of 2016. It currently takes less than 90 days from the time the house is put on the market until it goes to closing. The Brian Burds Home Selling Team are experts in selling homes fast for the best price possible. If you’re ready to take a dive into El Paso real estate, continue reading this blog!
Trends in El Paso Real Estate
Overall, not only are foreclosures down, but almost 7,000 single-family homes were sold in El Paso County in 2016. That is an increase of over 5.5 percent from the year before. The average sale price for El Paso real estate was $160,986, which is more than double the price from ten years prior when the median home price hovered around $80,000. The sections of the county that are seeing the most movement, growth, and progress are the Eastside and the outskirts, as well.
Factors that Affect El Paso Real Estate
In order for these impressive trends in El Paso real estate to continue, there are a number of things that residents, those involved the real estate market, and the government can do. First and foremost, the residents need to work together to improve literacy rates and pressure the various government entities to improve the infrastructure. This is especially true on the Westside where the market has not increased as much s the Eastside due, in part, to congestion. On that note, the local government needs to initiate and approve infrastructure and other projects that will improve the area.
Choose Brian Burds, Today!
The national government needs to be reminded by the citizens of El Paso and other border communities of what the wall and other conflicts with our neighbors do to the economies and citizens in the area. Finally, those in the real estate industry, including buyers, sellers, and agents need to further embrace technology. This includes using drones as a way to offer virtual tours. This recent advancement in technology allows for a tour that seems as if it is occurring in real time and neither the potential buyer nor the seller needs to get off their respective couches. If you’re ready to see just what the real estate in El Paso has to offer, contact the Brian Burds Home Selling Team today!