Friendswood Texas Real Estate is Strong

Friendswood, Texas continues to be “The Place to Live”.  Named several years in the top 100 places to live in the U.S. by Money Magazine (2009 rank: 32), Folks continue to demand Friendswood because of the extraordinary school district, trees, lot sizes, location, amenities, proximity to infrastructure & overall enjoyability of lifestyle.

Also,  I had previously predicted, the Houston Metro real estate market would have a decent 4th quarter = and Friendswood in particular. Friendswood, Texas (SE – between Houston & Galveston) currently has 191 listings for sale in the F.I.S.D.    Of those, 17.3% are pending sale (32 pending). 

Whereas other markets have had problems in the higher price range, the average pending price currently is approximately $300,000 (with a range from $82,000 to $850,000).  The list to sales price ratio has recently been good, with a 94% average.  Compare that to the average across Texas at 93% list-to-sales price ratio.

Average days on the market for those that are pending now is about 90 days. Those that are still on the market and not pending have an average days on market of 133 – meaning that there have been newer listings coming on the market at either more competitive pricing.

How can you get your home sold quickly at a higher list-to-sales price ratio?  Follow the advice of Norman Frenk of Prudential Gary Greene Realtors.  Norman has been selling homes in the Houston Metro area including Friendswood for the past 18 years and was ranked 8th across the city of all Prudential Gary Greene Realtors in 2008.  Norman has an M.B.A. from the University of Houston, a B.A. and B.S. from Oklahoma State University.  He and his wife, Felicity, live in Friendswood, Tx.