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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 
September 2017

 
The Midland market continues at an aggressive pace with 217 homes sold up 2% over the prior month and 17% over the same period in 2016.  The average sales price year to date is $294,335, up 7% over 2016's $275,175.  There are presently 478 homes for sale which is an astonishing 43% less than September 2016's 640.  Days on the market are down to 38 or 50% lower than last year's 57.  While the number of houses for sale is low and the days on the market has been dropping, the market remains well balanced for both buyers and sellers. 
 
Interest rates continue slightly below 4% for a 30-year fixed loan.  The experts are still forecasting increasing rates, so it appears now is an excellent time for those wishing to buy or sell.
 
We currently have 41 qualified buyers seeking homes in all price ranges.  This a great time to call your expert realtor at The Lanier Team for a no obligation analysis to market your home at the optimum price in the shortest possible time.
 
The Lanier Team has homes for sale ranging from the low hundreds to $2,500,000.  The nice variety in available home inventory, low interest rates, and ever-increasing values indicate potential buyers should act quickly.
 
The market leading experts of The Lanier Team participated in over 10% of the markets sales in August. Buyers and sellers should bring their needs to The Team where experience matters.
 
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
2004 Humble
$1,675,000
513 Charismatic 
$1,050,000
3000 Passage Way
$950,000
17148 Sunflower Properties
$875,000
3201 Elkins 
$699,000
4452 Dogwood Court 
$459,500
1912 Gladewood
$469,000
5501 Ridgemont
$425,000
#6 Oaklawn Park
$365,000
2304 Neely
$289,900
4607 Pine Meadow #3
$279,500
2912 McDonald
$250,000
4415 Monty
$165,000
2415 Idlewilde #15
$130,000
4306 Pleasant
$85,000
5212 Ellen Jayne Way - Lot in Green Tree!
$60,000
3908 Kniffen  $575,000
5004 Teakwood  $475,000
2803 Savoy  $434,900
4207 Greenbriar  $385,000
4101 SCR 1187  $375,000
4104 Crestgate  $320,000
2509 Fairview  $315,000
600 Memorial $299,900
1500 Neely  $299,000
3203 Chelsea $295,000
3309 Marble  $295,000
4305 Arroyo  $269,500
6204 Shea Lane  $260,000
520 S Bentwood  $175,000
1803 Michigan  $165,000
3522 Ohio  $139,500
4403 Harlowe  $115,000 
 5 Hanover $1,750,000
3700 Trinity  $935,000
4100 SCR 1187 $757,050
6004 Clarewood  $670,000
5805 Lincoln Green  $575,000
712 Augusta $539,500
5008 Hilltop $515,000
2704 Parton Way $459,000
5504 Drexel  $410,000
5505 San Clemente $399,500
1710 Normandy $380,000
1609 Winfield $375,000
6221 Prairie Ridge $359,900
5322 Ellen Jayne  $354,900
6911 Cactus Trail $350,000
4307 Todd  $315,000
908 Shirley $310,000
2520 Quail Point $299,500
416 Mile High $299,000
4508 Fairbanks  $299,000
3112 Chelsea $295,000
2910 Caldera $295,000
2912 Emerson $294,500
3416 Bedford $288,500
2909 Caldera  $285,000
2808 Stutz $275,000
2833 Metz  $275,000
10800 ECR 97 $275,000
3513 Hyde Park $268,000
4109 Godfrey $250,000
10905 ECR 105 $250,000
706 Dimaggio  $250,000
3006 Sentinel  $245,000
407 Mantle $240,000
1905 W Ohio $239,500
3608 Dentcrest $235,000
909 Ventura  $235,000
3535 Imperial $225,000
4609 St. Andrews  $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
3312 Canemont  $189,900
702 Sandelwood $187,500
3215 Baumann $184,500
2401 Whittle Way $175,000 
1403 Mogford $169,500
3400 Bedford $165,000
1406 Lanham  $150,000
4804 W Illinois $134,900
3801 Cedar Spring $130,000
10201 WCR 50 $125,000
3311 Delano $105,000
800 Brooks $99,500
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
3615 Apache  $99,900
3704 Avondale $95,000
501 W Scharbauer #29 $39,900
5480 LCR $35,000 
*** 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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