By utilizing the latest technological advances our team is enabled to provide you with a completely streamlined appraisal process, ensuring high quality, competitively priced appraisals in an expeditious fashion.
Three Generations of Appraisal Experience!
As one of the most prominent appraisal and consulting firms, Gray & Associates Appraisal Services has been called upon to provide valuation services for the area's most noteworthy real estate concerns and property owners. These services have involved a variety of properties.
Our reports conform to the requirements of government agencies, lending institutions, courts, clients, under the Uniform Standards of Professional Appraisal Practice (USPAP). This is done through full narrative or form reports to best serve the client's needs and level of documentation desired.
Recent statistics showed Texas is one of the leading areas for economic recovery in the United States, according to Housing Intelligence’s Market Health Report recently released. In ranking the markets, Housing Intelligence considers data such as unemployment rate, job and income growth, and home price appreciation, among other factors.
Six out of the 20 healthiest housing markets are in Texas, according to the report. In January, Texas recorded increases in employment more than double the national growth rate. Likewise, the Lone Star State’s unemployment rate is declining.
The six Texas markets listed in the top 20 are Austin at second with a health index of 86.5; College Station at seventh with 78.6; Houston at 11th with 77.3; San Antonio at 14th with 75.6; Amarillo at 19th with 73.6; and Dallas at 20th with 70.7.
Housing Intelligence’s report states that even though the pace of economic recovery is uncertain, there are pockets of strength in some local housing markets across the country For example, North Carolina is home to the markets with the best and worst index rating.
While Raleigh, N.C., scored the highest in the index, another North Carolina area, Rocky Mount, scored the lowest index – 6.0. Of the 200 markets surveyed across the United States, Housing Intelligence reports only 22 would receive the letter grade C or better if they were being graded on a 100-point scale.
The Housing Intelligence released selected information from its monthly Market Health Report.
Austin-area home sales declined for the second consecutive month in August 2014 decreasing four percent year-over-year to 2,835 single-family home sales in August 2014. The decline in sales has been attributed to rising home prices which have seen significant increases year-over-year and a lack of available inventory.
According to the most recent report released by The Real Estate Center at Texas A&M University, median price for single-family homes jumped 11 percent year-over-year to $247,500 and average price rose nine percent year-over-year to $311,414. Single-family homes continued to sell quickly as they spent an average 42 days on the market, one day fewer than August 2013.
Monthly housing inventory continued to increase in August 2014, rising 0.2 months from the year prior to 3.0 months. This is still well below the Real Estate Center at Texas A&M University’s balanced housing inventory level of 6.5 months.
In August 2014, active listings jumped 10 percent year-over-year to 6,707 listings and new listings rose four percent during the same time frame to 3,310. In addition, pending sales increased one percent to 2,430 single-family home sales.
August 2014 Statistics
•2,835 – Single-family homes sold, four percent less than August 2013.
•$247,500 – Median price for single-family homes, 11 percent more than August 2013.
•$311,414 – Average price for single-family homes, nine percent more than August 2013.
•42 – Average number of days single-family homes spent on the market, one day fewer than August 2013.
•3,310 – New single-family home listings on the market, four percent more than August 2013.
•6,707 – Active single-family home listings on the market, 10 percent more than August 2013.
•2,430 – Pending sales for single-family homes, one percent more than August 2013.
•3.0 – Months of inventory* of single-family homes, 0.2 months more than August 2013.
•$882,858,690 – Total dollar volume of single-family properties sold, four percent more than August 2013.
As one of Central and South Texas full service appraisal firms in the Austin area, we provide a comprehensive answer for valuation concerns. Our appraisal, education, and experience are second to none for the Central and South Texas area. All of our appraisers are licensed or certified by the State of Texas.
With education and experience we take pride in providing a consistent service of thorough, accurate analysis of your real estate problems.