The real estate market is exploding in several areas of Lubbock for buyers and sellers! If you live in the Lakewood Estates or The Meadows neighborhoods, hold on tight----there’s a lot of opportunity to make some great money and buy some great property! No one wants to lose the equity of their home when the market changes, so use the available equity today to get into the home you didn't think was a possibility.
Lakewood Estates, located between 98th and 104th Street near Frankford and Milwaukee, is a newer area in the growing southwest division of Lubbock featuring large floor plans, a great neighborhood, and the sought after Cooper-West Elementary School. Averaging $111/sqft according to Realtor.com, Lakewood Estates has been one of the top booming areas in Lubbock for the past few years!
Homes in this area are typically being sold between $165k-$240k with a 20% increase in selling prices over the past 2 years according to MLS data. Selling your home in this area with the current equity and market prices can get you into a bigger, newer home with a comparable mortgage to what you already pay now. This neighborhood has some of the highest selling values in all of Lubbock at this point if you are wanting to list your home! We can help you manage your listing with a dynamic marketing approach and our insight into the market in these areas.
The Meadows, between 82nd and 98th near Slide and Frankford, is also an exploding real estate market with affordable, well-built homes in an established area near the Smith Elementary school. The median price for this neighborhood is $170,000 with an approximate $85/sqft saw an average 15% increase over the last 5 years according to MLS tax data and Realtor.com. With the new businesses and construction built beyond 98th, this beautiful area will offer even more growth for buyers and sellers looking to make great real estate profit years down the road. Several of our listings have quickly sold in this area due to the high demand to live in this neighborhood. The Hebison Team helped clients in this area exceed the average market price based upon our marketing strategies, a comprehensive plan for each listing as well as a powerful team dynamic to bring buyers to quickly sell a property.
Are you interested to find out the value of your home or how to take the next steps towards finding your own great investment property, contact the Hebison Team at www.BestLubbockHomes.com or call us (806) 340-7452!!