Homes leased in February 2017 saw a 2¢ bump in rent per square foot. This increase is more meaningful knowing that the average rental was 2 years older and 50 square feet smaller than homes leased over the last 12 months. This overview utilizes NTREIS data on leased properties in Abilene, … Continue reading...
January 2017 Rental Report
2017 began with flat rents on a total and per square foot basis. Rents remained constant at 76¢ per square foot from the prior month and average total rents fell $7 to $1082 between the first month of 2017 and December of last year. This overview utilizes NTREIS data on leased properties in … Continue reading...
December 2016 Rental Report
In retrospect, 2016 ended with lower rent per square foot when compared to December 2015. Rents in the December 2016 matched the annual average of 76¢ per square foot and were 1¢ less per square foot than realized one year prior. This overview utilizes NTREIS data on leased properties in … Continue reading...
Annual Abilene Real Estate Data 2006-2016
by John Hill Barnett & Hill brings you 11 years of real estate data on single-family homes sold in the Abilene market. New to this year's analysis is data for Jim Ned Consolidate ISD (JNCISD). New bond elections and development in JNCISD will make sales data for this school district … Continue reading...
Does Abilene Welcome Development?
by John Hill This summer, one of our agents was hired to represent the buyer in a raw land deal. A contract was struck and a feasibility period began to pin down the development cost the city would require if this property was rezoned for residential use. The contract was extended multiple … Continue reading...
November 2016 Rental Report
For the first time in 14 months, Abilene rentals leased faster than the same month in the prior year. November 2016 homes leased in 35 compared to November 2015 rentals that leased in 36 days yielding a tepid 1-day difference. This overview utilizes NTREIS data on leased properties in Abilene, … Continue reading...
October 2016 Rental Report
October 2016 rents remained flat at 75¢ per square foot and were 1¢ below the twelve-month average for Abilene area rentals. This is better news than fall 2015 when rents fell 3¢ per square foot between September to October in 2015. This overview utilizes NTREIS data on leased properties in … Continue reading...
September 2016 Rental Report
Continuing a 13-month streak, Abilene homes leased slower when contrasted to market absorption in the same month from the prior year. Over the last four months, homes stayed on the market longer and September 2016 rentals sat, on average, for 37 days before a lease was struck. This overview … Continue reading...
Where Are The Abilene Rentals?
Barnett & Hill economist John Hill used 13 years of Taylor CAD data to identify the drift towards increased rental in the Abilene market due to cheap money and changing opportunity costs of alternate investments. In his blog post The Landlord's Invisible Hand, the data revealed that the net … Continue reading...
The Landlord’s Invisible Hand
by John Hill As an Abilene landlord who has leased property in this market since 2001, I know summer rentals move differently than in other months. College students ask for 9-month leases that begin in August and families sign 12-month leases for a home they can rent before school begins. … Continue reading...