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The Bill Lanier Team
60+ years of Midland real estate experience
"Where Trust and Our Experience Matter" 
_______________________________________________________________________________________________________
 
 Midland Real Estate Trends 
July 2017

 
The Midland market continued on an exceptionally robust path with results in June of 240 homes sold. This is an all-time high for any month in the Midland market's history. The average sales price of $312,867 was also the highest for any month this year. There are currently 519 homes for sale... indicating the market remains very stable with a very low 39 days of marketing time.   The number of units sold for 2017 is 1,049, up 26% over 2016's 777 units sold. 
 
Interest rates continue to remain a very low 4.00% for a 30-year fixed loan.  However, experts are still forecasting increasing rates, it appears now is an excellent time for those wishing to sell or buy.
 
The Lanier Team presently has 39 qualified buyers seeking homes in all price ranges.  Now is an optimal time to call your expert realtor at The Lanier Team for a no obligation sales analysis to value the marketability of your home.
 
The Lanier Team has homes for sale in all price ranges from the low hundreds to $2,500,000. The variety of home inventory, low interest rates, and ever-increasing values indicate potential buyers should act soon.
 
Call the market leading experts at the Lanier Team for any of your buyer or seller needs.
 
The Lanier Team is pleased to provide this information as a courtesy to our clients and friends.  Always call on us when you are in need of a Realtor. Our Team is recognized as a national leader in real estate services with the world's largest real estate company, Keller Williams Realty. 
 
Let us help with you next move!  This courtesy moving trailer is available to our current/past clients and non-profit organizations. (Please call 432-682-1144 for more information)
14750 Kobyn Lane 
$2,500,000
14700 Kobyn Lane 
$1,875,000
View Listing
513 Charismatic 
$1,150,000
3201 Elkins - 20 +/- Acres!
$699,000
6004 Clarewood- Mockingbird 
$670,000
4452 Dogwood Court 
$469,000
2806 Savoy (new listing!)
$434,900
5608 Dunbarton Oaks
$429,500
1805 Bates
$415,000
5504 Drexel
$410,000
4101 SCR 1187
$385,000
#6 Oaklawn Park
$365,000
5322 Ellen Jayne Way
$354,900
4103 Westminister
$325,000
3309 Marble Lane
$295,000
3203 Chelsea
$295,000
2304 Neely
$295,000
4305 Arroyo
$285,000
4607 Pine Meadow #3
$285,000
909 Ventura
$235,000
4609 St. Andrews
$225,000
520 S Bentwood 
$175,000
4621 Pasadena
$160,000
3522 W. Ohio
$150,000
3615 Apache
$99,900
5212 Ellen Jayne Way - Lot in Green Tree!
$60,000
3700 Trinity Drive $935,000
5805 Lincoln Green $575,000
2509 Fairview $325,000
4307 Todd Road $315,000
2909 Caldera $285,000
2833 Metz $275,000
706 Dimaggio $250,000
3312 Canemont $189,900
4603 Parkdale $150,000
1406 Lanham $150,000
3704 Avondale $95,000
501 W Scharbauer #29 $39,900
5480 LCR $35,000
 5 Hanover $1,750,000
4100 SCR 1187 $757,050
712 Augusta $539,500
5008 Hilltop $515,000
2704 Parton Way $459,000
5505 San Clemente $399,500
1710 Normandy $380,000
1609 Winfield $375,000
6221 Prairie Ridge $359,900
6911 Cactus Trail $350,000
908 Shirley $310,000
2520 Quail Point $299,500
416 Mile High $299,000
3112 Chelsea $295,000
2910 Caldera $295,000
2912 Emerson $294,500
3416 Bedford $288,500
2808 Stutz $275,000
10800 ECR 97 $275,000
3513 Hyde Park $268,000
4109 Godfrey $250,000
10905 ECR 105 $250,000
407 Mantle $240,000
1905 W Ohio $239,500
3608 Dentcrest $235,000
3535 Imperial $225,000
3902 Bedford $215,000
3810 Cedar Spring $214,900
3210 Whittle Way $200,000
4003 NCR 1247 $200,000
2107 Hughes $202,000
3221 Dengar $202,000
3414 Wedgewood $199,500
1602 Shell $199,000
727 W Dormard $194,900
3310 Camarie $189,500
3708 SCR 1184 $189,500
702 Sandelwood $187,500
3215 Baumann $184,500
2401 Whittle Way $175,000 
1403 Mogford $169,500
3400 Bedford $165,000
4804 W Illinois $134,900
3801 Cedar Spring $130,000
10201 WCR 50 $125,000
3311 Delano $105,000
800 Brooks $99,500 
*** The information above has been obtained from the Permian Basin Board of Realtor's Multiple Listing Service (and other sources) and is deemed accurate but not guaranteed. Permian Basin Board of Realtors MLS Information - Copyright 2011 - All Rights Reserved
Lanier & Co. @ Keller Williams • PO Box 2291 • Midland, TX 79702
http://billlanier.com
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