When compared to the previous 12-month average and January 2014 rents, January 2015 rents showed little variation. January rents were -.4% below the 12-month average and a slight 1.4% better than rent in January from a year ago. This overview utilizes NTREIS data on leased properties in Abilene, … Continue reading...
December 2015 Rental Report
Compared to the 12-month average, single-family homes spent more time on the market in all ZIP codes and districts town wide. This is typical of the market during a period where there are fewer rentals that lease slowly during a time of the year when tenants are less footloose. Homes in 79603 … Continue reading...
Annual Real Estate Data 2006-2015
by John Hill To ring in 2016, Barnett & Hill brings you 10 years of real estate data on single-family homes sold in the Abilene market. Summary information is cut in a variety of ways and we tried to anticipate what you might find interesting (and if you'd like to see this data tabulated … Continue reading...
Does Experience And Pay Matter In Real Estate Sales
by John Hill DOES COMMISSION MATTER? The other day, a fellow real estate agent told me this anecdote: following negotiations with the homeowner, an agent lists a house for a commission fee. As listing agent, he markets the house and his efforts are rewarded when an interested purchaser is … Continue reading...
November 2015 Rental Report
Compared to October 2015, the average size, the average rent, average security deposits and the average rent per square foot rose on Abilene rentals. During this same period, days vacant for all area rentals increased. This is for an inventory of homes, that for last four months, has held steady at … Continue reading...
October 2015 Rental Report
In October, rent per square foot fell relative to September rents across Abilene. When compared to the preceding year, only single-family homes in ZIP code 79603 saw an increase in rents relative to the 12-month average. The inventory of units leased during October expanded when compared to the … Continue reading...
September 2015 Abilene Area Rental Report
Compared to the 12-month average, September Abilene-area rentals remained steady at a 75¢ per square foot lease rate, but fell by 2¢ from the previous month and gained a penny over September 2014. East-side rent rates in 79601 and 79602 rose from the previous month while rent rates in 79603 and … Continue reading...
August 2015 Abilene Area Rental Data
Wylie ISD homes rented for less per-square-foot than the previous month and were leased at the same pace as single-family homes in the Abilene ISD. To give context, one should note that July 2015 rents saw a 13-month peak in rent-per-square-foot. August’s decrease brings rent-per-square-foot … Continue reading...
Honey, Stop the Car! 2015 Update on Ad Language
Last summer, Barnett & Hill analyzed the role ad language played in home sales as a redux of the chapter How Is the Ku Klux Klan Like a Group of Real-Estate Agents? from Steven Levitt's best-selling book Freakonomics. After publication, we visited with several house flippers and home builders … Continue reading...
July 2015 Rental Report
During July, Abilene rental units were smaller, older and more inexpensive. Compared to June, the average July rental was 44 square feet smaller, $47 more inexpensive and 7 years older. This adjustment moves rent, size and age of properties closer to their 12-month average. While July saw a … Continue reading...