Marcus Hiles on the Increase in Texas Home Sales for 2016’s Q1

(Newswire.net — August 2, 2016) Dallas, TX — According to a report based on data acquired from the Data Relevance Project, there was an increase in Texas home sales during the first quarter of 2016. Distributed by the Texas Association of Realtors, the article summarized multiple key market indicators for sellers and buyers, as well as residential construction entrepreneurs. The report’s findings reveals that there was a 7.8% increase in the number of sold residences in Texas for the first quarter of 2016 compared to the same quarter in 2015. Marcus Hiles, owner and CEO of his own real estate firm specializing in luxury residences, provides a positive response to the report concerning the jump in sales of Texas homes.

Marcus recognizes that the findings of the report can help him serve local clientele better. “At Western Rim, we are constantly monitoring industry temperature and momentum to understand what our customers need most,” he states. “The Association’s recent findings offer invaluable insight to our team regarding the current status of regional property sales. Most importantly, it proves that the state’s overall real estate vertical is thriving. It’s an exciting time to live in Texas.”

While residential sales have steadily increased based on the Association’s article, it should also be noted that active listings and actual housing inventory have considerably decreased in this year’s first quarter compared to 2015, with the report stating that listings fell by 11.9%. Findings also reveal that active listings in the first quarter spent only an average of 64 days for sale on the real estate market, short three days from 2015’s first quarter. While Marcus knows that these critical factors may negatively influence buyers, he also guarantees that his company’s rental communities can deliver a possible solution to the current housing shortage.

“At Western Rim, we have seen firsthand that limited options for buyers can significantly impact property value,” Marcus says. “High demand coupled with low inventory can cause a stir throughout the marketplace, quickly resulting in higher listing prices. Our clients know that Western Rim makes affordability a top priority on all of our well-appointed subdivisions. We firmly believe that residents deserve premium living accommodations at price points that won’t overstretch their budgets. The results of this study will help us achieve this goal; we will continue to monitor the state’s most current buying trends so we stay poised to deliver superior, affordable rental properties that make our clients’ lifestyle dreams a reality.”

Today, Western Rim proudly boasts over 10,000 townhouses, homeowner associations, and apartments across Texas. Their offerings focus on luxury and are strategically located near sceneic views, fun amenities, and rich history. The Mansions at Rockwell represent the epitome of what Western Rim has to offer. Only 22 minutes from downtown Dallas, the Mansions at Rockwell are located up against Lake Ray Hubbard where residents can enjoy boating, fishing, sailing, and more. In addition, the vast property boasts 330 acres of golf courses, a fitness center, two ballrooms, and several fine dining restaurants. Marcus takes pride in providing the best possible living in Texas, but also in giving back to the community. Not only does he plant over 20,000 trees yearly across the great state of Texas, he provides financial support to disadvantaged women of Dallas-Fort Worth. If you would like to learn more about Marcus, his philanthropic endevours, and various businesses, visit his website, follow him on Twitter, or like his Facebook page.