Kirby Smith, of Kirby Smith and Associates Real Estate Team in Roanoke TX talks Roanoke TX real estate in his daily blog.
In May of 2017, Roanoke TX saw 10 homes sell with an average sales price of $419,219. The average days on market was 72 days and the average sales price to list price ratio was 98.53%
Contrast this with May 2016, when we had 13 home sales with an average sales price of $319,271. The average days on market was 47 days and the average sales price to list price ratio was 97.30%.
What this tells us is that Roanoke TX home values are rising rapidly. May of 2016 to May of 2017 saw an increase of home values of 24%. That's unheard of for this area.
The reason for the rapidly rising home values in Roanoke is because of low inventory. Homes for sale in Roanoke TX continue to be at record low numbers and so this drives home values upward.
This trend is expected to continue for the next few years as strong job growth in the area continues to bring people in.
If you are looking to sell your Roanoke TX home, contact the number 1 Roanoke Realtor since 2000, Kirby Smith who is the broker owner of DFW Realty Group and team leader at Kirby Smith & Associates Real Estate team. If you are looking for homes for sale in Roanoke TX, call Kirby as well for that. He knows Roanoke TX real estate better than anyone.