Field Research
Market Analysis
- 43.3% of homes in Brownsville are between $60,001 – $121,000 with a median home value of $100,876.
- Median listing prices are $164,700 for single family homes.
- Currently (March 20, 2021) properties sit on average 66 days on the market and are on average priced at $113 per square foot.
Seller's Market Demand
- Our competitive edge is reduced costs. With a vast network in Brownsville, we can reduce project costs by 15% compared to other firms.
- Demand for middle-class families is high in this landscape, with a certainty the duplex will sell within 2-3 months upon project completion.
- The Brownsville MSA typically has a 5.5 percent rate; however, rates have been on the decline for decades.
Competitive Landscape
The following favors today's builders and real estate investors since economists do not foresee any major changes in the next 3-5 years:
- Not enough supply for the demand for affordable middle-class homes
- Interest rates have hit its lowest in decades
- Homes in the $150,000 to $200,000 are in high demand
