In 2012 the real estate market seemed to have bottomed out for Henderson County. The market continued to fall in 2013, but in the beginning of 2014 local realtors were sighing relief that the market could possibly be turning around. The hope was it was bouncing back from the recession the market had been suffering from.

According to the Texas Association of Realtors website, Texas homes were in  demand statewide in  2015, and even though the number of homes on the market is rising, it’s still relatively low at only 4.0 months’ worth of housing inventory.

There may be increased competition among homebuyers in markets with fewer homes for sale, which means sellers could see multiple offers or offers above their asking price.

This news is a far cry from three years ago, even with  some positive signs in 2012, the overall  market remained over-saturated and underperforming.  

Some of the real estate news from 2010 include a record year for foreclosures. Roughly 1 million homes were foreclosed during that year – that's one in every 45..

In 2011 the real estate market was not much better. Data released indicated U.S. home owners had a massive $750 billion in negative equity.

Mortgage interest rates fell to new lows through the fall of 2011, but reached a record low in October 2011.

Now in 2016 the accolades just keep piling up for the Dallas-Fort Worth region. It was one of the top real estate markets in 2015, which comes as no surprise to area home owners who have watched this region gain momentum with its top-rated local economies and potential for growth and expansion.

Here in Henderson County  there have been ups and downs in the market.  Real estate sales in the county have now finally come full circle. After a declining market, local realtors can now see an opening at the end of the tunnel.

The fourth largest lake in Texas, Cedar Creek Lake is 32,623 acres, 18 miles long and offers 320 miles of shoreline. The widest point of the lake is 8.5 miles and the deepest is 53 feet. And real estate seems to be booming.

Selling real estate at Cedar Creek Lake has always depended primarily on lake levels. And for the first time in three years the lake is full.

Angie Tulley, past president of the Henderson County  Board of Realtors and a agent with McAtee Real Estate in Gun Barrel City said, “The Cedar Creek Lake area is currently experiencing more activity than we have seen the past 5 years primarily due to the lake being full (coming out of a prolonged drought).

“I anticipate this trend to continue through 2016 and depending on the lake level, several years in the future, after that it becomes harder to forecast.

“If you look back in time say 5 years ago to 2010 there was $139,231,516 total sales volume of waterfront residences per the Henderson County Multiple Listing Service compared to 2015 waterfront residences sales volume of $196,575,710 or roughly 41 percent increase in sales volume.   In that same time period off water homes sales volume only increased a little over 10 percent from $35,715,424 to 39,490,788. I am anticipating a banner year for waterfront residences in 2016 and a modest increase in sales for off water homes.”

Real estate agents in the Athens area are seeing some of the same as their Cedar Creek Lake counterparts.

Becky Anding, broker/owner of Century 21 Anding Real Estate commented on the current real estate market in Henderson County, “Often, between the time frame of about Thanksgiving and mid-January, (during the holiday season), realtors see a “slow down” in interest of potential buyers.

That was not the case this past holiday season. Century 21 Anding Real Estate saw an increase of 23.6 percent  in overall sales in 2015.   Because of low inventory of number of properties listed and available for sale, if you have been thinking of selling, now is an excellent time to list your property. Interest rates are still low and the options of USDA, FHA and VA loans for consumers are excellent.”

According to comparison reports from the Henderson County Board of Realtor Market there were 1,316 reported sales in 2015 compared to 1,137 reported in 2014.

The HCBR 2015 numbers indicated a total sales volume of $239,916,173 compared to the 2014 sales of $189,348,523 – this is an overall increase of 26.7 percent for the county.

The largest increase in category came at property sold between $300,000 and $399,999 with a 68.25 percent in units sold.

The second largest increase with a 44.44 percent was property sold between $250,000 and $299,999.

Spanning the width of all sales – whether it is  small lot sales, homes, farms and ranches or commercial, the average sale of a property was $182,307.

The largest reported sale for an individual property for the area covered by HCBR was in excess of $4.4 million.

Brad Rummel, a real estate agent with McAtee Realty in Athens said, “For me personally the market has been picking up and getting back to normal. The past two years has seen a decent recovery.”

Rummel, like many realtors in Henderson County, handles many different kind of sales. “I sell commercial, farm/ranch, Lake Athens and some of Cedar Creek Lake. Working in Athens you have to be able to do it all.”

More and more people have moved to Texas in recent years. There are advantages to moving to  Texas  - affordable housing and no state income tax.

Editor's note: To see the full e-edition, visit, http://issuu.com/chad.wilson/docs/biz_industry/1

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