College Station Real Estate in 2008, Meca, or Disaster?

The news has been bombarding us with information about how low new housing starts are; as well as how "prices are plummeting" on existing homes. In many cases what the reporter is doing is taking statistics from one area and applying them to the nation. No matter how you slice it, Bryan and College Station real estate is very different from San Francisco real estate, or New York real estate or, as as matter of fact, any other real estate market in the United States.

Nationally there has been a downturn in sales. Most of the areas affected by this are in places where double digit increases in value previously were the norm. Bryan College Station, in contrast, has had steady, but slow appreciation with rates ranging from 3% to 7% per year. We have actually had some of our highest appreciation while some markets have suffered.

Our market is a dynamic market. We constantly have professors, college students and administration moving in and out. Bryan-College Station also has many non-university jobs that are just moving into town. This doesn't guarantee that we will never have a slump, but plummeting prices are highly unlikely.

A couple of years ago a very nice reporter for the Wall Street Journal came to College Station to interview me and several other top agents in the area. His first question to me when we were face to face is "show me the houses that haven't been selling in the area". He truly didn't want to hear that the market was robust and that we were, overall, in very good shape. He neglected the fact that our average sales price home (at the time right around 150K) was showing days on the market of less than 90, and in certain segments hardly 30. Some of the other agents cooperated with him by showing him homes that were priced twice our market average that were suffering from market lag. College Station luxury homes do tend to sit on the market a bit longer than the average home. Sales, however, in this segment have recently been picking up. Just goes to show you, if you look hard enough you can always find the black lining in the silver cloud!

Overall we are expecting 2008 to be a great real estate year. It will be slower than the boom times that we were experiencing in the 2002-2005 time frames, but still a very healthy market.

For more information about College Station real estate or our market overall don't hesitate to email me or call me at (979)574-1084. Have a Happy New Year!

College Station Luxury Homes Making a Comeback

After months of lagging sales in College Station luxury homes we're seeing a resurgence of this market. Showing on our homes above 500K are booming and many have gone under contract after being on the market formerly for many months. The luxury market never has been tied to the school year like so many of our moderate priced listings, however many College Station real estate agents are talking about the phenominon. I've seen it personally as well with my higher priced listings. It's a great time to sell your College Station luxury home!

Luxury College Station Home on One Acre

Who doesn't love the new subdivision Williams Creek? What could be better but a luxurious home on one acre in William's Creek? This Rike built home is 3,440 square feet and offers four bedrooms and three baths. A commercial cooktop graces this gourmet kitchen with it's huge island and hand scraped wood floors. A nice sitting area adjoins the master bedroom. Call today for your private showing!

Southwood Forest Luxury Home

Aggieland Luxury Home!

Looking for a large home in a excellent area that's affordable? Here is a must see! This beautiful home was built by one of the areas best builders, Ralph Morgan. Great attention to detail was given to this home. The Southwood Forest area is within walking distance to schools, parks and the hospital making this an extreme bargain! Recently lowered to $359,900 this stately home won't last long! A true opportunity for a bargain Aggieland luxury home!

One half an acre of manicured grounds surround this beauty. The house is a four bedroom/3.5 bath built in 1987. A unique opportunity to be in this spectacular subdivision at a bargain price.


Call today for your private showing

College Station Luxury Homes

College Station has tremendous luxury homes on the market. One of the wonderful factors of the Bryan and College Station areas is our affordability. Our luxury market evidences this affordability dramatically. While other areas have their median home prices at 500K and up, we redefine affordable elegance with the very creme de la creme of our market starting at 500K and over.

Whether looking at a home to winter in our moderate climate with, or a year round home to enjoy Aggieland year round, there is something guaranteed to please you!

Case in point is this gorgeous, functional home located in the Gardens at Castlegate. Castlegate is a master planned community located at Greens Prairie Road and Highway 6 in South College Station. The Gardens is an exclusive gated section within this community. The homes here are well appointed with top of the line features and breath taking architecture.

While other markets are offering starter homes for over 600K, this beautiful, one of a kind palace is $639,900. Offering 3451 square feet, this three bedroom, 3.5 bath is pure luxury. Enter into the grand entryway with soaring ceilings adorned with frescos. The tile is stunning and leads you in to the gorgeous living room.

A solid wall of windows looks out on the outdoor living area complete with a fireplace and kitchen, a designer sone lined pool and hot tub with waterfall are the stars of this backyard mecca.

The kitchen and living have barrel ceilings adorned with wood. The kitchen has a built in vegetable steamer, a six burner gas commercial cooktop with potfiller, double ovens, a built in TV, walk in pantry, cabinet style refridgerator, farm style sinks and trash compactor.

The dining area looks out into the backyard paradise and is large enough for all your entertainment needs.

The master bedroom is a true delight! A stamped and faux painted ceiling with double crown moulding is one of the highlights to this beautiful room. The bathroom features a wet bar and a his and hers seperate vanity areas. Large walk in closets to store all your clothing and a locking gun safe built in for extra storage. Walk in shower with rainfall shower head, and beautiful jacuzzi tub make for a special room.

Call today for your private tour or for more information. For more College Station or Bryan Luxury Homes go to the MLS Search on my website.