Kyle Rawls 806-470-9554

www.TheRawlsTeam.com kylerawls@kw.com

T h e R aw ls Tea m @ Ke l l e r Wi l l i am s

Nancy Rawls 806-789-9056

www.TheRawlsTeam.com nancyrawls@kw.com

We’re Here “2” Help

Check out our current listings at:

www.ListingsByKyle.com

What is going on with the real estate market in Lubbock Texas you ask? The answer is this! Homes are selling and buyers are buying; however the homes that are selling

are the ones that are priced right and the buyers are purchasing the homes that are priced right. That is an honest fact. Price it right it will sell, price it high and it will sit

there. Plain and simple! Lubbock has a large number of homes on the market at this time; however the population of Lubbock is growing as well. You may hear agents with negative thoughts about the Lubbock market or you may hear just the opposite

and hear agents with the positive thoughts about real estate in Lubbock. The market is what it is and you or I can not change it. Numbers don’t lie and unfortunately they

are what they are.

Interest rates are at an all time low! Some interest rates are as low as 3.875% on a fixed 15 year conventional loan and 4.25% on a 30 year fixed conventional loan. That is UNBELIEVABLE!

If you are thinking of buying or selling NOW is the time; quit straddling the fence

waiting for something better to happen. It does not get much better than almost get-ting FREE money. Real estate is one of the best investments you can make . If you are thinking of adding inventory to your real estate portfolio there is no better time

than now.

The Rawls Team is here “2” help you understand the market. We continuously research statistics in order to keep you the consumer up to date and informed. Please feel free to contact us if you have any questions.

January through June 2010 Sold Prop-erties in the Lubbock MLS; these are Residential listings and does not in-clude lots or land. Total closed is 1693 with $229,297,830 in closed volume. Average Sales Price is $135,519 with 97 days on market List to sales price ratio is 96.46%. The total number of sold listings for 2010 vs. 2009 is down only by a total of 8. Overall numbers for sold comparisons is very good with an increase in list to sales price ratio and a decrease in the average days on market. List to Sales Price Ratio = The price the home sold vs. the actual

listing price on the market.

January through June 2009 Sold Properties in the Lubbock MLS; these are Residential listings and does not include lots or land. The total closed is 1701 with $226,108,784 in closed volume. Average sales price was $133,162 with 106 days on the market and the list to sales price ratio was 95.83%

The two charts are a comparison of January through June. Overall

2010 was only down in the number count of sold residential listings

by 8; however the overall numbers for 2010 were up in closed

volume and average sales price.

The average days on market for 2010 decreased from 106 to 97.

The list to sales price ratio increased for 2010 from 95.83% to

96.46%

January –June 2010 Closed

January—June 2009 Closed

April 2009 Sold Residential Listings.

Lots or Land not included.

292 Closed for a total closed volume of $38,760,037

Average Sales Price of

$132,740 Average Days on Market

112 List to Sales Price Ratio

96.21%

April 2010 Sold Residential Listings.

Lots and Land not included.

330 Closed for a total closed volume of $46,310,925

Average Sales Price of $140,336

Average Days on Market 100

List to Sales Price Ratio 96.56%

Increase in April Closing due to the Tax Credit Deadline of April 30th, 2010.

Increase in April 2010 Closed is mostly contributed to the tax credit deadline date of April 30, 2010. Please notice the difference of 38 homes total difference between

2009 and 2010 SOLDS!

April 2009 Closed

April 2010 Closed

January and February 2010 Market Statistics. These are broke down by price range. You can see the number of active list-

ings, solds, expired, and averages for each price range. These numbers are taken straight from Navica (Lubbock MLS)

Highlighted items represent 6 months of inventory or less in supply!

January 2010

February 2010

March and April 2010 Market Statistics. These are broke down by price range. You can see the number of active list-

ings, solds, expired, and averages for each price range. These numbers are taken straight from Navica (Lubbock MLS)

Highlighted items represent 6 months of inventory or less in supply!

March 2010

April 2010

May and June 2010 Market Statistics. These are broke down by price range. You can see the number of active

listings, solds, expired, and averages for each price range. These numbers are taken straight from Navica (Lubbock MLS)

Highlighted items represent 6 months of inventory or less in supply!

May 2010

June 2010

July 2010 Market Statistics

June 2010 Market Statistics

Notice the months supply of inventory changes from June to July 2010; however also notice that there were homes selling!

Proper pricing is key in the market we are experiencing at this time. Lubbock is feeling the bubble; however we are blessed to

live in Lubbock. Price it right it will sell!

Kyle Rawls 806-470-9554

www.TheRawlsTeam.com kylerawls@kw.com

T h e R aw ls Tea m @ Ke l l e r Wi l l i am s

Nancy Rawls 806-789-9056

www.TheRawlsTeam.com nancyrawls@kw.com

We’re Here “2” Help

Check out our current listings at:

www.ListingsByKyle.com

Please do not hesitate to call us if you have any questions. We would love the opportunity to help you understand any of this information. With interest rates at

an all time low, there has never been a better time to buy/sell/invest in the Lubbock Real Estate Market. Call us today to receive a FREE CMA and let The

Rawls Team show you how we can help you get your home SOLD!

6015 88th Place 3/3.5/2

Salt Water Pool $308,000

1630 57th Street 4/3/2

Plus an Office $159,900

536 N. Kirby 3/2/2

Great Area $115,900

908 Xavier Street 3/2/2

Unique Floor Plan $108,500

417 Huron Ave 3/2/2

Close to Tech $96,950

910 Xavier Street 3/2/1

New Carpet $89,495

1628 68th Street 3/2/1 Remodeled

with a Media Room $79,900

2108 26th Street 2/1

Very Clean and Updated $59,900

Current Inventory for The Rawls Team www.ListingsByKyle.com