Fluctuating home prices in Spicewood, Texas: What causes this?

Over time, the worth of a house will go up and down. Over a long enough period of time, property values normally go up. But, of course, in real estate there are no "sure things".

When your house appreciates you have more resources to borrow against, and you make a bigger profit when you sell. But how can you be sure what you're investing in today will appreciate over time? Property values in Spicewood vary for different reasons. Choosing a REALTOR® in Spicewood who knows the factors that influence local prices is the most important factor.

The economy is believed to be the most crucial factor affecting real estate appreciation. Clearly, there are a lot of issues on a national level that adjust your home's value: unemployment, interest rates, quarterly earnings reports, and more. But the most influential issues that decide your home's value are specific to the local Spicewood economy and housing market.

Let Hollingsworth Real Estate Group @ JS Hollingsworth Center - Lee Hollingsworth help you with your first home purchase in Spicewood Access to services - Most people want homes in the areas with the best and most convenient features, such as our schools and work. So when it comes to holding their value, these communities typically appreciate better than others.

Recent sales - Your REALTOR® should provide you with stats on the recent real estate sales in the neighborhoods that you're asking about. You'll want to know average time on market, selling versus listing price and more.

Appreciation history - Have house prices increased or decreased over the last 5-10 years? Is the area considered desirable because of its location or affordability?

Local economy - Is there a good combination of jobs in an area, or does it rely on just one industry? Have companies moved into or away from an area? Are local companies hiring? All these play a part.

It's worthwhile to be informed about the factors that affect your house's market price. Get an evaluation of your home's value here. Please call me at 832-723-3301 or e-mail me with any questions.

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