Posts Tagged ‘el paso texas’

Interest Rates Up, But Still Good

August 1, 2013

The average interest rate on a 30 year fixed rate mortgage increased to 4.39% this week, which is a full percentage point higher than in early May – but rates are still a bargain by historical standards. For example, when I bought my first home, our interest rate was 9.5% – and we were thrilled with that because they had fallen from 11.5%! So, yes, rates are still good – but it won’t last forever. If you’ve been thinking about buying a home, you might want to take a closer look before rates go up more. Let us know if we can help – there is no cost for a Realtor to help you with purchasing a home.

You can search all the homes for sale in El Paso Texas by clicking here .

Things Looking Up For The El Paso Real Estate Market!

May 22, 2013

All signs are pointing upwards for the El Paso, Texas real estate market. The median sales price has increased by 5.4% over last year to $138,000. The average sales price has increased by 3.8% to $158,908.

The number of closed sales has increased by 8.3% over last year. The number of months supply of homes on the market has decreased to 6.9 months from 8.1 months at this time last year.

You can search all homes for sale in El Paso Texas by clicking here .

If you have any questions or if I can be of service, email me at BarrySKarch@aol.com or give me a call at 915-549-4663 or 1-800-9963-1909.

El Paso Real Estate Statistics For 2012

January 17, 2013

The 2012 statistics are hot off the press – and it was a great year for real estate in El Paso!

The number of homes that sold increased by 12% over 2011. Prices were up – the median sales price increased by 3.4% to $137,999. The inventory of homes for sale in El Paso Texas decreased 20% to a 6.1 month supply of homes for sale.

We expect even better things for 2013, as the economy continues to improve.

If you’d like to take advantage of the great market – and still super low interest rates, let us know – we’re glad to help!

You can search all homes for sale in El Paso Texas by clicking here .

Down Payment Assistance Financing Available In El Paso, Texas!

January 7, 2013

Two brand new down payment assistance financing programs just became available! That’s right – you don’t need to make a down payment to buy a home. One of the programs is available to first time home buyers and the interest rate is an incredible low 3.25%!

For the other program, you don’t have be a first time home buyer! It is available for teachers, firefighters, and policemen. This program has an interest rate of just 3.5%.

If saving up the for the down payment has been holding you back from buying a home, you don’t have to wait any more!

Give me an email or call at 915-549-4663 or 1-800-963-1909 to get all the details and to get started!

You can search all homes for sale in El Paso Texas by clicking here .

El Paso Real Estate Market Statistics

August 21, 2012

The real estate market in El Paso is doing well in 2012!

Year to date, through July, El Paso residential sales are up 9% over last year. The median sales price is up 3.8% to $134,950. We have a 7.1 month supply of homes for sale in El Paso Texas, down from 8.6months last year. Things are looking up!

If we can be of assistance in helping you buy or sell a home in El Paso, Texas let us know.

By the way, interest rates are still incredibly low – below 4%!!!

You can search all the homes for sale in El Paso Texas by clicking here.

El Paso Real Estate Market Statistics

May 16, 2012

Activity in the El Paso real estate market has increased over last year. Year to date, the number of closed sales has increased by 6.5% and the number of pending sales has increased by 20%. Prices have remained virtually unchanged, however. Our median sales price is still a very affordable $131,000.

For a seller, the average days on the market is 147 days.

If I can be of assistance in helping you buy or sell a home in El Paso, Texas, please give me a call at 915-549-4663 or email me at BarrySKarch@aol.com .

You can search all homes for sale in El Paso Texas by clicking here.

Looking For A Home For Sale In El Paso Texas?

March 21, 2012

We were featured in The El Paso Times:

New business: The Real Estate Power Houses
Times staff reportselpasotimes.com
Posted: 03/18/2012 12:00:00 AM MDT

Name: The Real Estate Power Houses.

Type of business: Real estate brokerage.

What is your specialty: Residential real estate in the El Paso area. The Real Estate Power Houses embraces the latest technology to provide cutting-edge service for our clients. We can even provide our clients with an app so that they can see what homes are for sale in each neighborhood as they drive by.

Number of employees: seven.

Future goals: To remain on the cutting edge of real estate technology to provide our clients with exceptional service.

Your motto: Cutting-edge technology with old-fashioned service.

Address: 251 Shadow Mountain.

Website or social media: TheRealEstatePowerHouses.com

Information: 549-4663 or BarrySKarch@aol.com

You can search all homes for sale in El Paso Texas by clicking here.

Get an app for your phone or tablet to search all homes for sale in El Paso Texas by clicking here:

http://mobile.smarteragent.com/treph/barrytammykarch

or text SunCity to 87778

El Paso Real Estate Market Results 2011

January 18, 2012

Here are some El Paso market stats for 2011:

The median sales price remained unchanged at $135,000.

The number of days on the market until sale remained unchanged at 135.

The number of closed sales decreased 9.6%.

The number of months supply of homes for sale decreased from 7.2 to 6.5.

What does all of this mean? The El Paso home market was quite stable in 2011. I’m expecting a stronger year in 2012 due to the smaller supply of homes for sale, the still affordable prices, and super low interest rates.

If you’d like to search for a home for sale in El Paso, Texas click here .

The Golden Age of Real Estate Investment

January 10, 2012

This is the best time I have ever seen for investing in real estate in El Paso, Texas. We have a unique set of circumstances – super low interest rates, high rents, a shortage of rental properties, and low sales prices. Most real estate investments will now yield a high cash flow – especially compared to the alternatives – bank accounts are paying next to nothing, and stock market returns haven’t been any better.

Most long term wealth has been created through owning real estate. Whether you are an experienced investor or just starting out, give me a call or email and I’ll be glad to help you find a great property to help you achieve your goals.

You can search all of the homes for sale in El Paso Texas by clicking here.

El Paso Texas Real Estate Market Strong

December 21, 2011

The El Paso Texas real estate market has weathered the economic downturn very well compared to most cities in the country. Values have held fairly stead over the last 3 years, and have even appreciated this year. Take a look on this graph:

El Paso Median List Price

As the economy continues to improve, I expect the market to be even stronger. Now is still a great time to buy a home, though. Interest rates are at record lows and home prices are very reasonable.

To see all the homes for sale in El Paso, Texas click here.