”When we look at properly sales we look at what is our appraised value compared to the sale price. The real estate market keeps buzzing with stories of Californians with open checkbooks, making more than one bid on a property at more than the asking price.Īppraisers say a huge bump in just one house, can impact an entire neighborhood. Last January was so that inventory really shows how much your houses are out there when there's not much supply out there, and there's still demand that's the price are going to go up so, therefore, are very likely to follow what the market's doing,” said White of the Bell County Appraisal District, explaining those double-digit increases. The inventory reported by Temple Board of Realtors recently was point two or point four months. ”We're reporting at record lows of inventory. The Census Bureau reports one thousand people a day move to Texas, and apparently, we've started running out of places to put them. Copperas Cove experienced the highest increase at about 14%,” explained Fast.Īnd while Chip and Joanna Gaines might account for part of the spike in real estate, like the 15% bump in McLennan County a few years ago, you can't blame them for Brazos, Milam and even Copperas Cove.Īs much as some people hate it, increases have become almost normal in many parts of our area but now, double-digit increases have started to become more common. ”We've researched approximately 1,200 residential sales and 400 rural land sales, and that has led to an increase in the market value of Coryell county of 11%. If you think it's just the most populated counties going up, Mitch Fast from Coryell will set you straight. In Bell County, most properties inched higher, and Chief Appraiser Billy White expects 10%. In McGregor, some may see their appraisals go up as much as 40% after a state audit found McLennan appraisers undervalued properties in the McGregor school district.īrazos County continues on the upward trend with values rising about 5% last year. ”Median run out for the counties about 9% for residential properties,” said Joe Don Bobbitt of the McLennan County Appraisal District. Property appraisers say, once again, hot home sales have driven up property values. What they'll find though will no doubt come with a pretty high price tag. We're fortunate enough that we found this property but for a few years there wasn't anything that met our needs," she explained. ”We were looking for property in McGregor for a while. When they went to find a new one, they settled on a new development while they continue looking for what they really want. Michelene Bess and her husband sold their McGregor house a couple of years ago.
CENTRAL TEXAS - Texas property appraisals started going out to taxpayers recently, with more coming due to lost time during our Texas Deep Freeze.Īs you might expect, property values kept going up enough it might give you a case of "sticker shock".
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