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The Bill Lanier Team
"Where Experience Matters" 
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 Midland Real Estate Trends 
January 2020

 
The Midland market has sustained itself remarkably well during the mini correction we have been going through in recent months.  The average sales price for 2019 was $345,828 up 7.4% over 2018's $322,039 while the average days on the market remained nearly identical at 34 days versus 31 in 2018. Houses currently available for sale are a very healthy 560. In 2019 we had 2,692 homes sold as opposed to 2,637 in 2018 a nice 2.1% increase. The total sales volume for the year was an amazing $930,495,535 nearly a billion and up almost 10%.  The highly competent Lanier Team accounted for 7% of the total market production of the 800+ Midland realtors.
 
The 30-year fixed mortgage rate recently fell to 3.5%.  This is a drop of 1.5% in the last year making current mortgage rates in the neighborhood of the record lows that we saw in 2012.  Not surprisingly, many buyers are ready to purchase with these attractive conditions.  Our resilient economy and an increasingly attractive inventory in homes available for sale are key in making this a perfect time for buyers to purchase a home.

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

 
We are pleased to provide this information for our friends and clients. Feel free to share our newsletter and name with anyone who might have an interest or need of real estate services.
501 Charismatic         $1,995,000
 
Breathtaking! 6,100+ sq ft custom home built to last a lifetime with room to entertain 200+ guests! Light, open & inviting with amazing attention to detail! Family friendly home with a kids wing, pool, magazine worthy gourmet kitchen, his/her offices and garages! 3,016 sqft trophy room/pool house with  a full bath, custom bar and workout room; could be guest house! Must see to appreciate the excellence of quality and size!
4303 E. Co. Rd. 60        $625,000
 
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! 
2802 Savoy Pl.             $525,000
 
Breathtaking! Grand foyer with beautiful trey ceiling invites you to a family, friendly home! Gourmet kitchen with amazing storage and extensive granite that sparkles like it has diamonds in it! Past a tantalizing patio is a soothing master retreat with a spa-like bath to die for; huge vanity, jetted tub and stunning shower! Smart home with security system, tankless water heater with a recirculating pump and a water well! 
4204 Edgebrook            $515,000
 
Don't miss this one! Glorious rays of sunshine light up this beauty! Open, casual living with office/playroom/5th bedroom off the den and sparkling black granite in a kitchen with abundant storage! Master retreat is spacious with large bath, separate shower, soaking tub and HUGE wrap-around closet! Fantastic backyard with blossoming garden with fruit trees and blackberries scattered throughout! 
1105 E. CO. RD. 129     $475,000
 
Gorgeous, country-living gem on 1.22 acres! Custom spiral columns and grand double doors welcome you into this open plan, perfect for entertaining! Spacious living, dining and kitchen with soaring ceilings, lots of natural light, and custom light fixtures! Sequestered master suite with fireplace and spa-like master bathroom. Walk-in closets throughout. HUGE backyard with room for a shop and pool! 
4005 Lehigh                 $429,900
 
Straight out of a magazine! This exceptionally well-maintained home has a warm, inviting feeling with lots of updates! Designed to enjoy mingling with family/friends from the attractive living and polished kitchen to a game room that leads to a remarkable backyard oasis! Walk-in closets, granite, stainless appliances, outdoor kitchen and R/V parking/dog run complete this custom masterpiece!
2826 Goddard Pl.          $410,000
 
Spacious and tons of storage throughout! This floor plan is great for entertaining with an updated kitchen and living that opens to a game/play room and leads to a covered patio with manageable backyard and shop/shed! This home is sprinkled with great features such as walk-in closets, huge shower in hall bath, plantation shutters, new roof (2019), parking pad and close to schools and a park! 
4305 Lehigh                 $339,500
 
WOW! Bigger than it looks! Entertain with ease from the bright living wired for sound system that continues to a large patio! Seamless flow from the galley-style kitchen to the dining area make it ideal for dinner parties! Master retreat is just as inviting with a HUGE walk-in closet and bright spacious bath! Impressive walk-in closets, workbench area and bonus/4th bedroom upstairs make this one a must see! 
2 Metz Court                 $339,500
 
Located within walking distance to a park and two schools is a charming well-maintained four bedroom! Lots of natural light from the newer windows filters through the plantation shutters and illuminates these spacious rooms! This home has three master size bedrooms with sizable closets and a multi- purpose room that could be a playroom or gameroom! Roomy backyard, new roof, newer A/C and heating and two water heaters complete this gem! 
3215 Boyd Ave             $325,000
 
Wow! Bigger than it looks with an amazing shop! Remodeled kitchen with sparkling stainless, miles of granite/storage and travertine tile! Remodeled hall bath with granite and glass sink! Spacious bedrooms with new carpet (2019) and walk-in closets everywhere! Hall closet could be a hobby/office space! New exterior paint and roof (2019)! Don't miss the insulated two car workshop with alley access! 
5004 Sherwood            $309,900
 
Beautiful updates sprinkled throughout! Rich mocha floors lead you to a bright living with high ceilings and bonus space with built-in speakers! Bay windows flood the dining and large kitchen with lots of natural light! Spacious updated baths, walk-in closets, amazing walk-in pantry, yard with a water feature, workbench space and remote entry shed make this charmer a must see!
4 Winchester Ct.          $299,950
 
Must see! All electric townhome, centrally located with spectacular 12ft ceilings and lots of natural light throughout! Plantation shutters cover fantastic floor to ceiling windows with views of the spacious yard shaded by a canopy of mature trees! TONS of storage inside/out, gorgeous granite fireplace, fresh paint (2019), new carpet (2019), roof replaced (2018) Saltillo tile and walk-in closets throughout! 
4033 Angelina Dr.         $285,000
 
There's room for the whole family and a shop! Spacious 3,000 sq. ft. two story with chef's kitchen and French doors that open to a sunroom with hardwood floors and views of a roomy yard! two bedrooms and 1 bath downstairs with a sequestered master suite, two bedrooms and 1 bath upstairs and walk-in closets for everyone! Don't miss the second yard with a shed and room to build a workshop! New roof, carpet, ovens, two water heaters, two  electric heating and AC units!
3813 Suncrest Ave.      $275,000
 
Move-in ready! Completely remodeled in 2019! Bright open floor plan with a dove grey sleek tile fireplace and gorgeous kitchen! Polished granite and sparkling stainless shine against the crisp white cabinets! This cutie has two remodeled baths, walk-in closets and a bonus room that could be an office! New 30 yr roof, HVAC, water heater, windows, int/ext paint, floors, blow in insulation and more! 
712 Legends                 $269,900
 
Move-in ready! Lots of natural light floods this cute home! Corner fireplace for cool winter nights and vaulted ceilings is a great place to snuggle for movie night! Enjoy cooking holiday meals in this kitchen with mocha cabinets, under cabinet lighting, convection oven and extensive prep space! Built-in work space in the utility room (with matching mocha cabinets) and shop/shed for the handyman!
4734 W. Dengar           $259,500
 
Immaculate, move-in ready home with a workshop! Vaulted ceilings and lots of natural light flood the spacious living with surround sound and views of the large inviting patio! Spotless remodeled kitchen (with pull-out drawers), remodeled baths, walk-in closets, auto humidifier and TONS of storage throughout! Don't miss the shop w/sound system, AC & more storage! New windows, exterior paint & roof!
5213 Storey                 $200,000
 
Start off 2020 in this cutie! Natural light shines off the tile floors and bounces off the vaulted ceiling to flood this home with tons of sunshine! Large breakfast bar opens up the cozy kitchen to a spacious dining and views of a roomy backyard! Enjoy West Texas sunsets on the vast patio that extends the length of the home! All electric home, walk-in closets, BIG pantry and new roof (Jan. 2020)!
4812 Storey                   $185,000
 
Cute! Cute! Natural light bounces off the wood laminate floors and gives this bright, airy, open concept a bigger feel! Around the corner of the dining area is a charming kitchen with stainless dishwasher, built-in microwave and gas stove! Past the guest bath (with new vanity) and convenient utility closet are two roomy bedrooms & a master suite! Don't miss the HUGE backyard with room for a shop!
35 Estates (Odessa)    $147,500
 
Behind the gates of this upscale community is the perfect place to build your luxury dream home! Deed and building restrictions. City of Odessa water and sewer service. Odessa schools and easy access to Odessa and Midland.
 
*** 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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