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The Bill Lanier Team
"Where Experience Matters" 
_______________________________________________________________________________________________________
 
 Midland Real Estate Trends 
June 2019

 
The Midland market is roaring right along setting a new record every month. The average sales price hit $367,381 last month which was a 5.1% increase over the prior month and the highest in history.  This took place even though the homes available for sale increased 16.3% over the previous month. There are now more homes available in all price ranges providing better selections for those seeking a new home.  The average home sales price for the year has increased 9.2% to $342,948 for the year to date.  
 
Midland continues to draw national attention in many areas including quality of life and growth of the market. This growth coupled with current 30-year fixed interest rates being at 3.75% makes this an overwhelmingly attractive time to buy. Buying the average home this month with 5% down would result in a principal and interest payment of $1,584 per month versus the same loan at the beginning of the year having cost $1,836 per month. Once again indicating how now is an ideal time to buy or sell.

Lanier has been a prominent and trusted name in Midland's market since 1969.  You can place your home needs and confidence in the experienced expertise of The Lanier Team when selecting a Realtor.  Our Team is recognized as a local and national leader in sales by the world's largest real estate company, Keller Williams. 

 
We are pleased to provide this information for our friends and clients. Feel free to share this with anyone who might have an interest or need of real estate services.
Our new home!
4920 N. Midkiff Rd
Come see us in our new office!
2004 Humble   $1,495,000
 
Gorgeous Old Midland charmer! Breathtaking custom features such as Australian cypress wood floors, hand distressed pine beams, grand wood cabinets in the game rm, antique crystal door knobs, French brown pavers gracing the floors from dining to French country kitchen with amazing prep space/storage, and sparkling retiled pool! These are just a few surprising treasures throughout this masterpiece!
907 Princeton  $1,395,000
6501 Saddle Horn  $1,100,000
4303 E. County Road 60  $689,900
 
Country living minutes from town! Stunning 4,400+ sq ft open floor plan on 2+ acres perfect for entertaining! Gourmet kitchen with detailed cabinetry, built-in hutches and miles of granite! In-law plan/game room and delightfully large master each with a HUGE walk-in closet! Custom features throughout this beauty include trey ceilings, solar powered attic fans, 3 water heaters and 2 water wells!
4224 Timberglen  $689,000 
 
6690 E. Goldenrod $625,000 
4204 Cynthia  $529,500
 
What a beauty! Open concept with wood tile floors, high ceilings, exposed ceiling trusses in the game room and views of a sparkling pool (with heater)! Spacious kitchen with granite & stone /glass backsplash! Seq master with custom barn door, HUGE shower and his/her closets! 2 large workshops both insulated with electricity; 1 with A/C unit;1 with 220v! 1.25 ac, water well, R/O & water softener!
5606 Ridgemont $465,000
5807 Greenridge  $449,900
 
Priced to Sell! Grand high ceilings with crown molding, rich, chocolate, wood laminate floors and great floor plan for entertaining! Fantastic kitchen has miles of solid cabinets, generous counter space and walk-in pantry! Magnificent master has wrap-around closet & soaking tub, sequestered in-law plan, game room, walk-in closets, and well-kept community pools makes this beauty a must see!
13 Santa Ellena $425,000
 
Stunning home in Mission Estates with easy access to golf course! Coffered ceilings, textured walls and spacious rooms! Great floor plan for entertaining inside/out! Gourmet kitchen with AMAZING storage, large walk-in pantry, and a classic formal dining! Sequestered master with beautiful vaulted ceilings, spa like bath; his/her vanities & walk-in closets! Serene backyard with covered/open patio!
901 Douglas  $389,900
 
WOW! Spacious "Old Midland" home with in-law plan and workshop! Large in-law plan with a big living, fireplace, full kitchen and walk-in closet! This charmer has a great flow for entertaining with a big living area, park-like views of the backyard and extensive granite in an updated kitchen! Impressive updated master bath, sun room, walk-in closets throughout and walking distance to the duck pond!
2211 Western  $370,000
 
Low maintenance with amazing space! Lots of natural light shines off the pristine porcelain tile and continues to the formal dining/living, den with fireplace and bedrooms! Kitchen remodeled in 2014 with miles of storage, granite and Kitchen-Aid stainless appliances! Seq. master has a remodeled spa-like bath (2017)! Large open patio for great for entertaining and walk-in closets complete this gem!
 
4018 Trinity Court   $369,000
 
Low maintenance and spacious! Bright kitchen with extensive storage and prep space is the heart of this home! Lots of natural light shines through a wall of windows and music can be heard throughout with speakers in every room! Incredible master suite with 3 walk- in closets and wood laminate floors! Screened in porch, oversize garage, tankless water heater, water softener and R/O system complete this cutie! 
1402 W. Pecan  $369,900
 
Magazine Quality! This private cutie has barn doors separating the bright formals/office, sizable open living/dining, charming kitchen with ample storage and a HUGE walk-in pantry! Grand master suite has plush carpet and several closets (1 is a walk-in) while 2 bedrooms have double closets & share a Jack-n-Jill bath! All electric, newer roof, workbench and storage throughout complete this incredible home! Seller is willing to lease for $3,500/month. 
2813 Durant  $325,000
 
Spacious! Great floor plan for family or entertaining! Enjoy barbeques on a covered patio or in a sizable backyard! Bright roomy kitchen w/ample storage/prep space, opens to dining w/unabscued views of the yard! On cool days, cozy up w/a book next to the built-ins and fireplace! New roof (2019), new water heater (2018), attic insulation(2010) & new A/C (condenser, inside coils & outside box 2019)!
3101 Mariana $200,000
 
Wow! Several multi-purpose rooms and guest quarters! As is! Bright formal living/dining with fireplace greets you and leads you to a kitchen with original character and tons of storage! Off the kitchen is a game room/man cave with wet bar! Study/2nd dining with built-ins, 2 ensuite bedrooms, cedar lined closets (in 1 bedroom)! Never lived in spacious 2bed/1bath guest quarters with utility room (in 2018)!
2809 W. Dengar $375,000  
2912 Emerson    $367,000
3811 E Larkspur  $350,000  
2305 Country Club   $339,500 
 
6010 Medina  $329,500
2518 Lockheed $325,000
2406 Emerson Ct.   $265,000 
 
903 Alamo  $255,000
703 Sandelwood $250,000
 
118 S. Bentwood $190,000
Download The Bill Lanier Team KW Realty App and have full access to local and global home searches!  
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)
*** 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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