The Ranch (Murphy, TX)
By Teral McDowell
(Referral Patners LLC)
Knowing when you are ready to sell includes understanding the turn over rate. The turn over rate is a look at the percentage of homes sold within a specified period of time for a particular area. It is one of several key numbers that can tell a story about where you live. As a listing agent in Murphy I know that the turn over rate tells me something about the area's dynamics. On average most neighborhoods have a 10 maybe 20% turn over rate. A number greater than that can indicate a neighborhood of young residents that are more mobile than others. Or it could be an indication of the overall market such as the downturn we saw happen in 2008. Let's take a look at the neighborhood of the Ranch, a D.R. Horton community located on the far north border of Murphy and east of N. Murphy Rd. This ...
Comments 12
Community Sponsor Murphy, TX Real Estate Professionals