Real Estate
Since June 2016, Abilene rentals remained on the market longer without an occupant. This trend was seen in both the Wylie ISD and Abilene ISD and the pace was driven by north side and far south side rentals. This overview utilizes NTREIS data on leased properties in Abilene, Texas. This data … Continue reading...
July 2016 brought lower rents and smaller pet deposits, but continued the five-month trend of steadily increasing security deposits for leased single-family homes. This overview utilizes NTREIS data on leased properties in Abilene, Texas. This data provides 13 months of data spanning July 2015 to … Continue reading...
by John Hill An article in the Atlantic Monthly summarizes a national trend: lot sizes are getting smaller, nation-wide. In 1978, the national average for lot size was .22 acres. By 2015, the average lot size was 13% smaller or .19 acres. To understand the downsize in lot size, the article's … Continue reading...
For five straight months, Abilene rentals have spent less time on the market. In, February 2016, rentals spent an average of 39 days on the market and this has steadily declined to 24 days on the market realized in June 2016. This overview utilizes NTREIS data on leased properties in Abilene, … Continue reading...
by John Hill Barnett & Hill's May 2016 rental report revealed that rentals in 79601 were newer, but leased slower and had flat rents. This counter-intuitive event cause me to dig a little deeper into the data to appreciate the impact that a new home has on rental appeal. Of course, new is … Continue reading...
May 2016 continued a four-month trend of diminished vacancy for rent houses awaiting a tenant. February 2016 rentals spent an average of 39 days on the market and this has steadily declined to 33 days on the market seen in May 2016. Still, this is 3 days above the 12-month average of 30 days that … Continue reading...
In April 2016, rents rose in each zip code in Abilene. Compared to the March, rent rose 3¢ to 77¢ per square foot, adding $45 to rent to the average, 1504 square foot rental. This gain marks a 3.2% increase in rent over the twelve-month average and a 6.2% gain over rent/square foot in April … Continue reading...
For the last six months, the inventory of Wylie ISD rentals grew older while rent per sqft in March 2016 rose for single-family homes in Wylie ISD. The combination of higher rent even with aging inventory of rentals speaks to the appeal of Wylie ISD rentals in the overall Abilene market for … Continue reading...
In February, total rent, security deposits and pet deposits for leased single-family Abilene homes rose when compared to the prior month and 12-month average. This overview utilizes NTREIS data on leased properties in Abilene, Texas. This data provides 13 months of data spanning February 2015 to … Continue reading...
by John Hill Barnett & Hill has reported rent statistics since December 2012. Looking back over this 3-year period, we’ve observed little variation in rent prices for single-family homes in the Abilene market. To add a layer of context to this flat data, we looked at inflation and the … Continue reading...
