By David Gwin, Community & Economic Development Director
Chances are you have heard of one of the many indices that identify median and average single family home values across the country. Many organizations publish such indexes using their unique methodology to calculate a respective value. These can come from a variety of sources ranging from national magazines, developers, commercial realty firms and realtor associations. College Station and the Brazos Valley are no exception to these indices. Such median and average values for the Brazos Valley have covered a broad spectrum, ranging from approximately $150,000 to $300,000.
Recently, Coldwell Banker Real Estate released its College Home Listing Report and identified the City of College Station as the 59th most affordable college market for a four-bedroom, two-bath single family home listed on their website over a period of six months in 2010. According to the report, the average listed price for a home in College Station that met its criteria was $219,445. This was well ahead of the University of Texas at Austin (90th) by more than $70,000. These values can provide an important benchmark to both buyers and sellers in our current economic market.