Half acre lot in my BIL's neighborhood outside of Abilene just sold for $200k....

In freaking Abilene!

It's insane

It’s crazy when you see that level of pricing, even in Abilene. I’d like to move, but refuse to pay double the property taxes. We will just stay put, and enjoy being debt free.

Sit tight something has to give this can't go on forever.

In 2008 prices softened 10-20% depending on location.

Anyone speculating on property values currently better have a crystal ball. We can either have a correction in price, a softening in the market activity or could continue on this current pace where properties are appreciating 10-25% year over year. No one knows. We are in uncharted water.

TXtrophy is correct. The demand is so high way may just see a blip if [censored] were to hit the fan. Nothing surprises me these days and I see it everyday.

Correct. Prices go up, prices go down. Some of the current generation haven’t seen both sides. There are two sides.

There is less than 500,000 homes on the market right now inventory is usually 1.5 million plus. This is one major factor for driving prices through the roof.
The feds aren't proping up the housing market anymore and COVID forbearance has ended. There are 4 million estimated foreclosures coming.
Gonna get western soon.

There are so many new people moving here that have cash this is a non factor. The north Texas job market is so high it is not even funny. Granted I am talking Frisco, Celina area but the area surrounding that market is also seeing the same influence. $125k over asking just picked one up here on the lake and that is freaking unheard of. The demand is there

Now are people getting [censored] loans. Probably but not like 06ish but they are upside down no doubt.

yeup they are creating the same bloated system they ran from . All by design, why Texas , why now? Hint its been in the books for at least 30 years .

That stupid National Land Partners has a new property by my lease in Montague. Selling 2 acre lots for $49,000 in the middle of no where. Pretty sure all their clients come from California.

In my actual neighborhood it's crazy. One house just sold for $480 a sq ft!

It will level off, but the good old days of affordable housing are a long way off. The people we have met that are moving here from California are paying cash. Price of materials has skyrocketed, once the lumber companies realize what people are willing to pay, the prices will not be going that far down.

i just sit back and watch my house appreciate monthly

And so does the appraisal district.

They just bulldozed nearly every tree down on a beautiful 1200 ranch outside of Millsap to put in a new subdivision. Absolutely ruined a awesome piece of property, just so a bunch of dorks can have this view. I really feel for the young men just getting starting out in life who want a house on a few acres out in the woods like I did. It ain't happening now. A 21 yo kid can't compete anymore.

$200+ per sqf. is pretty standard for pre-existing in Flower Mound, 3 years ago was probably $125 or so.

I am good with it, Property Taxes are pretty cheap now of day in my area, I only pay 10K per year, hasn't went up much in the last few years.

I have outstanding city services, Police Department is top notch and very customer service oriented, outsanding Fire Department and I understand they have the latest and greatest equipment and outstanding dispatch time, The City of Frisco is very customer service detailed, they take care of their citizens and the city and keep it modern and make it a leading city in the USA.

Last I checked Frisco was the fastest growing city in the USA the past decade from 2010 to 2020. I snook in up here back in 2009, looking back it was a master move.

Yep, My buddy sold his home last month in Flower Mound, 20 year old house, they asked for $220 per square ft, Had over 17 offers first day, they got 100K over asking prices. Put on market for $550K and that was top of sq ft in his area since and he took $650 with a 2 month free leaseback and buyers didn't want any pre inspections done

I have actually never seen the price of land go down here. I have seen it stabilize for a time but that is about it. My parents bought this place in 1963 for around $87 per acre. 430 acres within 3 miles of the town of Bandera. This past year a couple of places joining us are selling for $14,000 per acre. About 10 years ago I bought 18 acres off one of these places for $6,000 an acre. So now that $14,000 doesn't really sound that bad. If a person can afford buying it would probably be a good investment. But that is a big if. And how much longer are the interest rates going to stay low? And a lot of the buying now is done by people wanting to flip it in a short amount of time. Even if it just stabilizes there are going to be those that can't afford to hang on to it for an extended period.

seen on a tumbstone on boot-hill...

The only land i ever owned tis this here dirt they use ta bury me with...
pappy


price of land been going up for centries...