DALLAS--(EON: Enhanced Online News)--A prominent real estate expert and investor, Marcus Hiles recently shared his thoughts on the reports of an upturn in Texas home sales during 2016's first quarter. The release was distributed by the Texas Association of Realtors and outlined several key market indicators for buyers, sellers, and residential construction entrepreneurs, noting a 7.8 percent upsurge in the number of residences sold in the state for Q1 2016 when compared to the same quarter in 2015.
Recognizing that the Texas Association of Realtors' discoveries can help property developers to best serve local clientele, Marcus Hiles notes: "At Western Rim, we are constantly monitoring industry temperature and momentum to understand what our customers need most. The Association's 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."
The Association's article also points out that while residential sales have steadily increased, actual housing inventory and active listings have significantly decreased in Q1 2016 when compared to 2015. According to the report, listings fell a total of 11.9%. Additionally, the study shows that active first quarter listings spent an average of only 64 days for sale on the market, down three days from first quarter 2015.
Marcus Hiles owns and operates Western Rim Property Services, a residential development firm that specializes in upscale rental housing solutions at economical price points. An avid philanthropist, he donates his time, capital, and other resources to various charities and organizations to make a difference throughout the region. The property mogul has also made his mark as a dedicated conservationist, making public parklands and green spaces an integral part of every Western Rim community.
About Western Rim Property Services:
Western Rim Property Services, Inc. develops, owns, and manages apartment homes in Dallas/Fort Worth, Austin, New Braunfels, San Antonio, and Houston, Texas. Known to offer a contemporary, high quality and luxurious lifestyle to its residents, the firm’s mission is simple: build the highest quality homes in the very best locations, maximizing views with signature amenities, in superior school districts. This assures a rapid lease-up and excellent customer acceptance.