Rio Grande Valley Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

April 15, 2024

Real Estate market in McAllen, Texas

The real estate market in McAllen, Texas, is thriving, offering a diverse range of options for both homebuyers and investors. From charming new homes to spacious condos and vast plots of land, McAllen caters to various preferences and lifestyles.

New Homes in McAllen

McAllen boasts numerous newly constructed homes with modern amenities and architectural designs. Whether you're looking for a cozy suburban retreat or a spacious family residence, you'll find options to suit your needs. These new homes exemplify comfort and style, making them an attractive choice for those looking to settle in McAllen.

Condominiums: Urban Living at Its Finest

Condominiums in McAllen offer a convenient and low-maintenance lifestyle. Many developments feature amenities such as swimming pools, fitness centers, and gated security. Situated near shopping, dining, and entertainment venues, condos appeal to young professionals and empty nesters alike, epitomizing contemporary urban living.

Investing in Land: Lucrative Opportunities

With its burgeoning economy and strategic location, McAllen presents lucrative opportunities for land investors. Whether for residential development, commercial ventures, or agricultural purposes, land in McAllen holds immense potential for growth and profit. Investing in land offers a promising avenue for long-term returns as the city continues to expand and evolve.

In summary, McAllen's real estate market offers a plethora of options, from new homes to condos and land investments. With its vibrant economy and diverse offerings, McAllen remains an attractive destination for homebuyers and investors alike.

McAllen Texas

Posted in Market Updates
April 9, 2024

Partial Eclipse

Our view of the partial eclipse TODAY.

 

 

 

Moon

 

moon 3moon 4

Posted in Real Estate News
March 19, 2024

Real Estate Marketing Trends McAllen, TX

Homes for Sale in McAllen, Texas

McAllen, Texas has a dynamic real estate market with various trends and statistics that potential buyers or sellers may find useful. Here are some key insights based on the search results:

Average Time on the Market:

  • On average, houses for sale in McAllen, TX spend an average of 74 days on the market.

Number of Active Homes for Sale:

  • There are currently 784 active homes for sale in McAllen, TX.

Popular Neighborhoods:

  • Some of the hottest neighborhoods near McAllen, TX are De Palmas Historic District, North Park Estates, College Heights, and Tres Lagos.

Median Sale Price and Market Trends:

  • The median sale price of a home in McAllen was $288K last month, up 17.5% since last year. The median sale price per square foot in McAllen is $143, up 9.5% since last year.
  • In October 2023, McAllen home prices were up 17.5% compared to last year, selling for a median price of $288K. On average, homes in McAllen sell after 35 days on the market compared to 28 days last year. There were 78 homes sold in October this year, down from 83 last year.

Competitiveness of the Housing Market:

  • The Compete Score rates the competitiveness of the McAllen housing market. Some homes get multiple offers, and the average homes sell for about 3% below list price and go pending in around 40 days. Hot homes can sell for around list price and go pending in around 15 days.

Real Estate Market Trends:

  • There have been 1,436 transactions over the past year in McAllen. The median value for residential home transactions that occurred over the previous year is $221,450.31. 

View current Homes for sale in McAllen Texas: Homes for Sale in McAllen, Texas

 

Home For Sale McAllen Texas

Posted in Real Estate News
March 11, 2024

Latest trends in McAllen real estate

Let’s explore the latest trends in McAllen real estate. Here are some key insights:

  1. Available Listings:

    • You can find many available listings from across the McAllen area at www.SERMOL.com. These listings include photos, prices, and neighborhood insights. Plus, you’ll receive notifications about price changes when you follow a property or area
  2. Recent Property Listings (McAllen Area):


704 Spring

  1. Market Trends:

    • McAllen, TX is currently a buyer’s market as of January 2024. This means that the supply of homes exceeds the demand. On average, homes in McAllen sell after 63 days on the market. The trend for median days on the market has decreased since last month and slightly increased compared to last year.

 

 

Posted in Real Estate News
March 3, 2024

newest 4-plex subdivision in Edinburg

🏡🔑 Welcome to 4614 W Burberry Street #2, nested in the heart of the newest 4-plex subdivision in Edinburg, the epitome of modern, gated community living. 🏡🔐
Step inside, and you'll be greeted by an open-concept design, offering a spacious and contemporary living space that exudes a warm, homely vibe. The apartment features 3 well-appointed bedrooms & 2.5 bathrooms, making it a perfect fit for families of all sizes. Imagine tucking the kids in at night in their own cozy rooms or having that extra bathroom when you have guests over - it's all within your reach! 🛏️🛁
Don't miss the chance to make this your 'home sweet home'. 🎉🏘️
😊🏡🔑 Call (956) 683-6598 to setup a viewing.
4 plex edinburg texas
Posted in Real Estate News
March 3, 2024

Chevy Corvette at CARFEST 2024

SERMOL Real Estate Solutions 📷Photo for Today: Chevy Corvette at CARFEST 2024 in the McAllen Convention Center in McAllen Texas📍 - View Properties in McAllen Texas and the Rio Grande Valley of South Texas at: www.SERMOL.com or Call ☎️(956) 683-6598
Corvette
Posted in Real Estate News
March 3, 2024

Dreaming of owning your own piece of land?

🌳 Dreaming of owning your own piece of land? Look no further! We have 3 beautiful acres available on 00 Mile 4 N Rd, with owner financing options to make your dreams a reality. 🏡 With its convenient location near major highways, schools, and shopping centers, this is the perfect opportunity to create your own oasis. Don't miss out on this incredible chance to build your future! 🌟
https://www.sermol.com/property/414004/
☎️Call Us Now!☎️
(956) 683-6598
info@sermol.com

0 Mile 4 N Road

 


#WeslacoTx #LandForSale #Residential #VacantLand #Sermol #Rgv 

 

Posted in Real Estate News
March 3, 2024

Photo for Today: Mallard Duck

SERMOL Real Estate Solutions 📷Photo for Today: Mallard Duck at the Edinburg Scenic Wetlands & World Birding Center in Edinburg Texas📍 - View Properties in Edinburg Texas and the Rio Grande Valley of South Texas at: www.SERMOL.com or Call ☎️(956) 683-6598

 

duck

Posted in Real Estate News
Feb. 20, 2024

Redefining the Concept of 'Home' in Our Modern World

In the 21st century, the traditional concept of a 'home' as merely four enclosing walls and a roof has been radically transformed. Today, 'home' is a dynamic kaleidoscope of experiences, emotions, and functionality. As we move forward, we need to redefine 'home' to potential buyers, not just as a physical dwelling, but as a living, breathing entity that resonates with their lifestyle and aspirations.

 

  1. Home as a Personal Haven: In the hustle and bustle of modern life, a home should serve as a personal refuge - a sanctuary where one can disconnect from the world and reconnect with one's self. It should provide comfort, peace, and a sense of belonging. The architectural design, the interior decor, the natural light filtering through the windows - all these elements should work together to create a soothing, tranquil environment that nourishes the soul.

  2. Home as a Technological Hub: In our digital age, homes are no longer disconnected from the world. They are becoming smart, with integrated technologies that enhance comfort, convenience, security, and entertainment. A smart home can learn from the homeowner's habits and preferences, adapting over time to create a living space that is truly personalized and efficient.

  3. Home as a Sustainable Ecosystem: With growing consciousness about our impact on the environment, homes are now being designed to be sustainable and energy-efficient. Solar panels, rainwater harvesting systems, green roofs, and energy-saving appliances are just a few features that can transform a home into a self-sustaining ecosystem that respects and enhances the natural environment.

  4. Home as a Health and Wellness Center: The pandemic has highlighted the importance of health and wellness. Homes are now seen as wellness hubs, equipped with fitness corners, meditation zones, kitchen gardens for organic produce, and spaces designed for relaxation and rejuvenation. A healthy home is one that promotes both physical and mental well-being.

  5. Home as a Space for Work and Play: The lines between work and home have blurred. A modern home should offer a conducive environment for work, learning, and entertainment. Dedicated workspaces, learning corners for kids, and recreational zones for relaxation and hobbies are now integral parts of a home.

 

In essence, a home is more than just a physical structure; it's an extension of one's personality, a reflection of one's lifestyle, and a canvas for one's dreams. It's not just about living, it's about living well. Our mission at SERMOL Real Estate Solutions is to help potential buyers understand and appreciate this new definition of 'home', and guide them in finding a home that truly resonates with their unique vision and aspirations. Visit our Page: www.SERMOL.com

 

SERMOL

Posted in Real Estate News
Feb. 14, 2024

McAllen Texas Housing Market

The McAllen housing market exhibits some interesting trends. Here’s a summary of recent data:

  • The median sale price of a home in McAllen was $269,000 last month, which represents a 16.5% increase compared to the previous year. Additionally, the median sale price per square foot in McAllen is $155, reflecting a 23.0% increase since last year.

  • Days on the market: Homes in McAllen typically sell after 53 days, indicating a somewhat competitive market. Some homes receive multiple offers, while others sell for around list price and go pending in approximately 18 days.

  • Migration trends: In the period from September 2023 to November 2023, 37% of McAllen homebuyers considered moving out of McAllen, while 63% preferred to stay within the metropolitan area. Among those moving into McAllen, Los Angeles homebuyers showed the highest interest, followed by Chicago and Miami. As for McAllen residents relocating elsewhere, Austin was the most popular destination, followed by San Antonio and Brownsville.

  • Comparing with the national average: McAllen’s median sale price is 34% lower than the national average, and the overall cost of living in McAllen is 19% lower than the national average.

Remember that these trends are based on data and provide valuable insights for both buyers and sellers. If you’re curious about your own home’s value, you can track it and compare it to nearby sales at "Property Valuation in McAllen Texas"  🏡💰

 

 

SERMOL Real Estate

Posted in Real Estate News