Continued growth in the Greater McAllen area has helped to lower the existing home inventory. It is still a Buyer's market but sales under $150,000 are extremely good with multiple offers on some properties. The economic forecast for this area continues to be good.
ZIP Code: 78504 Location Characteristics: Sales activity is picking up in the Greater McAllen area. Much of this is attributed to the local stable economy and the incentives being given for first time homebuyers. We see no indication of a decline of this activity.
The residents of the Greater McAllen area continue to enjoy a very stable economy with low employment rates, along with low cost of living and below average real estate prices. We have seen prices declining in the last four months by a small percentage. This is an excellent market for buying real estate, whether seeking your dream home or an investment for the future.
About Joyce Smithers, CRS, e-PRO, RECS, GRI:
Joyce Smithers of "Joyce & Joyce", a marketing partnership known in the Greater McAllen area for their expertise in marketing properties. Customer service is a very high priority along with providing the marketing exposure essential to sell properties for the highest price in the least amount of time. Joyce and Joyce average approx. 100 days from listing to closing, well below the average for the mls system.
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
