Amarillo home sales bigger than a Big Texan SteakAmarillo home sales bigger than a Big Texan Steakhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=3522015-07-16T14:30:00Z2015-07-16T08:04:00Z

AMARILLO - Buyers bought more than 1,000 homes in the Amarillo-Canyon area during second quarter 2015, making it the busiest three-month period on record.

Randy Jeffers, Coldwell Banker First Equity Realtors Broker, places sales at 1,749, up 14.6 percent.

An analysis from Greg Glenn, a broker with Berkshire Hathaway HomeServices/Anderson Properties, determined 1,761 homes were sold, an increase of 11 percent.

The Amarillo market had already logged 1,366 sales by the end of May, according to a five-month update from the Realtors group.

The inventory of homes available to buyers has continued to shrink.

“Inventory is tight,” Glenn said. “I do sense the builders would build more houses if they had the lots to do it.”

The number of new homes starts in Amarillo has not returned to prerecession levels.

From 2004 to 2007, before the downturn, the City of Amarillo issued permits for construction of 600 to 760 homes a year, according to Amarillo Globe-News analysis of city data.

Builders launched construction of just 469 homes in 2008, and the number since has hovered between 425 and 555.

Inventory currently hovers at 1,100 homes on the market, with almost 250 of them being priced at $300,000 or more.

Amarillo Subdivision Activity YTD June 30, 2015*
Subdivision # Sold Avg. Sold
City View 78 $202,112.26 $105.76 100.35
Hillside Terrace 66 $182,332.66 $104.79 95.92
Country Club II/Avondale 54 $96,108.46 $69.39 111.87
Colonies 50 $448,686.38 $138.09 97.60
Greenways 49 $304,763.03 $122.26 86.57
Wolflin 49 $181,088.28 $90.56 83.70

*Ranked by number of homes sold.

What's going on in your neighborhood? See Amarillo Single-Family Housing Market Stats 2Q 2015 (PDF).

Source: Berkshire Hathway Home Services/Anderson Properties, Coldwell Banker First Equity Realtors

Amarillo Globe-News
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