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.
The Austin-area continued to break records in home sales and median price for single-family homes last month, according to the November 2014 Multiple Listing Service (MLS) report . In November, home sales and median price were the highest ever recorded in the month of November for the Austin area. During the month, single-family home sales increased six percent over the prior year to 1,934 homes sold and the median price for Austin-area homes was $245,000, an 11 percent increase from November 2013.
Additionally, Austin-area housing inventory was 2.4 months in November 2014, a small increase of 0.1 months compared to the prior year. Housing inventory remains consistently tight despite an increase in new listings of five percent over the prior year and an increase in active listings of nine percent compared to November 2013. Housing inventory in Austin has remained below 6.5 months of inventory for more than three years, which is the inventory figure cited by the Real Estate Center at Texas A&M University as a market in which supply is balanced with demand. In November 2014, homes spent an average of 54 days on the market, three days longer than the same month of the prior year.
November 2014 Statistics
•1,934 – Single-family homes sold, six percent more than November 2013.
•$245,000 – Median price for single-family homes, 11 percent more than November 2013.
•$311,222 – Average price for single-family homes, six percent more than November 2013.
•54 – Average number of days single-family homes spent on the market, three days longer than November 2013.
•2,067 – New single-family home listings on the market, five percent more than November 2013.
•5,561 – Active single-family home listings on the market, nine percent more than November 2013.
•1,893 – Pending sales for single-family homes, eight percent more than November 2013.
•2.4 – Months of inventory* of single-family homes, 0.1 months more than November 2013.
•$601,903,348 – Total dollar volume of single-family properties sold, 12 percent more than November 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.