NEWS LETTER July 2021 Market Update Lawrence Yun, chief economist for the Realtors association, stated “Lack of inventory continues to
JULY 2021 FEATURED LISTINGS $450,000
$1,215,000
be the overwhelming factor holding back home sales, but falling affordability is simply squeezing some first-time buyers out of the market.” We were seeing some of this in the early spring months, but in the last two weeks, more homes have come on the market helping a few prepared buyers get a home under contract. Inventory is
15801 IH 27
3 Sheffield
Rock Ranch . 10.5 acres, 2 shops, mobile home.
4 Bed | 3 Bath | 3 Car Garage. 3,276 SF. Shop
still low, and this is not helped by the construction material shortages. I recently spoke with Thomas Eavenson, of BBR Homes, LLC. Thomas said that
$500,000
$395,000
the windows he ordered are taking 12 weeks instead of the normal 6 weeks to be delivered. Another builder said that well permits are reportedly 3 months out. Some buyers are simply holding off for the market to stabilize, hoping that interest rates don’t increase too much. The influx of buyers from higher priced markets are also helping to inflate prices. Just this year, I have helped buyers from
6127 & 6129 Belpree
2410 Teckla
6 Bed |4 Bath | 4 Car Garage. 3,564 SF. Duplex
5 Bed | 4 Bath | 3 Car Garage. 4,306 SF. Pool.
$430,000
$430,000
California, Idaho, Iowa, and Washington purchase homes. Amarillo’s comparatively low cost of living is a huge attraction for them, along with short commute times, good medical facilities and low humidity. If you are curious about how much your home might bring on today’s market, give me a call. This
14250 Maple Fields
4605 Aberdeen
3 Bed | 2 Bath | 2 Car Garage. 2,265 Sf. Plus office
4 Bed | 3 Bath | 3 Car Garage. 3,030 SF.
seller’s market won’t last forever! Happy Independence Day!
Carrie
Carrie Ives, Cell: 806.282.4440
If you are already working with a Real Estate Agent, this is not intended to solicit business from you.
Email: carrie.ives@remax.net Web: www.remax-pro-tx.com