July 2017 Fort Worth Housing Report

According to the Greater Fort Worth Association of Realtors, Fort Worth home sales raised 13.7 percent to 1,280 homes in July 2017. The median price for Fort Worth homes increased 11 percent year-over-year to $210,900 in July 2017.

Fort Worth’s monthly housing inventory was 2.3 months in July 2017, 0.2 months more than the year prior. The Real Estate Center at Texas A&M University cites that 6.5 months of inventory represents a market in which supply and demand for homes are balanced.

Homes spent an average of 29 days on the market in July 2017, the same as July 2016. Additionally, active listings increased 12.8 percent to 2,352 listings during the same time frame.

July 2017 Statistics At-A-Glance

 

  • 1,280 – Homes sold in July 2017, 13.7 percent more than July 2016.
  • $210,900 – Median price in July 2017, 11 percent more than July 2016.
  • – Monthly housing inventory in July 2017, 0.2 months more than July 2016.
  • 29 – Average number of days homes spent on the market in July 2017, the same as July 2016.
  • 2,352 – Active home listings on the market in July 2017, 12.8 percent more than July 2016.

July_2017_FW_Housing_Report

 

Friday on the Green Concert Series


FridayOnTheGreen(1)Red Team is a proud community partner for the 9th season of Friday on the Green, a FREE monthly concert series presented April – October by Near Southside, Inc. The event is held at Magnolia Park at 1201 Lipscomb, between Rosedale and Magnolia (and a block from the Red Team office). Friday on the Green features the region’s best live music, tasty food and drinks from Near Southside restaurants, and a fun and relaxed atmosphere of a big neighborhood picnic. Get a group together, throw a blanket and a couple of chairs in the car, (don’t forget the pup!) and enjoy a lineup of several bands, food from local businesses and food trucks, beer and wine.

The next concert is Friday, September 8th!

Stop by the Red Team booth for a game of corn hole or just pop by to say “Hi” and introduce us to your dog, then enter to win a gift card to Tina’s Cocina. Check out the fun we’ve had so far!

National Parks and Recreation Month

fort-worth-1316471_1280When looking to move to a new home one of the most important items on the list is usually location. How far is it away from work, school, friends, or family? Is it close to shopping, entertainment, and parks? This month is Parks and Recreation Month and we are excited to share with you some of the amazing parks in Fort Worth and the surrounding areas.

Fort Worth is home to more than 200 city parks and public spaces citywide. There are plenty of neighborhood parks to choose from, along with the Fort Worth Botanic Gardens, dog parks for your favorite pooch, Log Cabin Village, the Fort Worth Nature Center & Refuge, and the Water Gardens (anyone see the movie Logan’s Run?).

The city of Arlington boasts over 90 parks and tons of activities for young and old. Looking for parks in a particular neighborhood? Try their Park Finder tool to learn about parks and their various amenities near your ‘hood.

The Dallas Park System is one of the largest municipal park systems in the nation with 381 parks totaling over 23,242 acres of developed and undeveloped parkland. Trails, disc golf, and skate parks – oh my! Dallas’ interactive map tool is a great way to explore all their parks and recreation system has to offer.

What makes your favorite park the best?

June 2017 Fort Worth Housing Report

According to the Greater Fort Worth Assocaition of REALTORS, Fort Worth home sales raised 7.5 percent to 1,308 homes in June 2017. The median price for Fort Worth homes increased 10.8 percent year-over-year to $210,900 in June 2017.

Fort Worth’s monthly housing inventory was 2.3 months in June 2017, 0.4 months more than the year prior. The Real Estate Center at Texas A&M University cites that 6.5 months of inventory represents a market in which supply and demand for homes is balanced.

Homes spent an average of 61 days on the market in June 2017, six days less than June 2016. Additionally, active listings increased 21 percent to 2,291 listings during the same time frame.

June 2017 Statistics At-A-Glance

  •          1,308 – Homes sold in June 2017, 7.5 percent more than June 2016.
  •          $210,900 – Median price in June 2017, 10.8 percent more than June 2016.
  •          2.3 – Monthly housing inventory in June 2017, 0.4 months more than June 2016.
  •          61 – Average number of days homes spent on the market in June 2017, six days less than June 2016.
  •          2,291 – Active home listings on the market in June 2017, 21 percent more than June 2016.June_2017_FW_Housing_Report

Lease Now, Buy Later

House puzzled (2)Red Team Real Estate is hosting a free home buying workshop for first-time or second-chance homebuyers on Saturday, July 29, from 9:30 a.m. to 11 a.m. Saturday’s workshop will take place at 909 W. Magnolia Avenue, Suite 2, Fort Worth, TX 76104. Anyone interested in learning the ins and outs of the home buying process is encouraged to attend.

The no-obligation workshop features industry professionals, Michael Mayes, Owner/Agent, Red Team Real Estate and Paul Duane, Mortgage Loan Originator, MiMutual Mortgage.

“We’ve spoken with many people who want to purchase a home but think they are too far away from making that dream a reality. Our Lease Now, Buy Later workshop allows current renters to gather information and make a plan, so when they are ready to move forward they are confident candidates. After attending our workshop some attendees find they are closer to home ownership than they realized.” said Michael Mayes, Owner of Red Team Real Estate. “The idea of buying a home is intimidating, especially for first-time buyers or those who may have fallen on hard times in the past. We enjoy talking about the home buying process, providing this free workshop to the community is a win-win.”

Attendees have the opportunity to learn about all aspects of the home buying process, including the true picture of renting vs buying, budgeting, savings tips, credit repair, securing mortgage financing, working with a Realtor, homeowners insurance, property taxes, closing cost expectations, and loan programs aimed to assist new and experienced home buyers.

Breakfast is provided for attendees by MiMutual Mortgage who will also be on hand to answer questions about available financing options including, FHA, Conventional, USDA, VA Loans, and more.

For more information, visit www.RedTeamRealEstate.com or register online. You may also call or email Jennifer Wilson at jwilson@RedTeamDFW.com or 817.921.3545 with any questions.

May 2017 Fort Worth Housing Report.

The Greater Fort Worth Association of Realtors released the May 2017 Fort Worth Housing Report this week. Fort Worth home sales raised 5.6 percent to 1,174 homes in May 2017. The median price for Fort Worth homes increased 12.8 percent year-over-year to $211,000 in May 2017.

Fort Worth’s monthly housing inventory was 2.0 months in May 2017, 0.2 months less than the year prior. The Real Estate Center at Texas A&M University cites that 6.5 months of inventory represents a market in which supply and demand for homes are balanced.

Homes spent an average of 59 days on the market in May 2017, five days less than January 2016. Additionally, active listings increased 12 percent to 1,994 listings during the same time frame.

 May 2017 Statistics At-A-Glance

  • 1,174 – Homes sold in May 2017, 5.6 percent more than May 2016.
  • $211,000 – Median price in May 2017, 12.8 percent more than May 2016.
  • 2.0 – Monthly housing inventory in May 2017, 0.2 months less than May 2016.
  • 59 – Average number of days homes spent on the market in May 2017, five days less than May 2016.
  • 1,994 – Active home listings on the market in May 2017, 12 percent more than May 2016.
May 2017 Fort Worth Housing Report Infographic
May 2017 Fort Worth Housing Report

Storm Season in North Texas with Servpro

It’s that time of year again when the cold winds from Canada and the warm winds off the Gulf of Mexico meet in north Texas to create tornadoes, heavy rain, and winds for what everyone around here knows as storm season.
For the cleanup and restoration needs on their properties following these Texas-sized storms, Red Team has a great option with Servpro. With over 1700 franchises nationwide and 40 plus in the DFW area, Servpro is the leader in the restoration industry.  Their local franchise system allows for their experienced and highly trained professionals to respond faster to emergencies.  Available 24/7 Servpro professionals are always ready to respond to calls and get to work cleaning and restoring your property.
Whether it’s a water heater that leaks in your family home, a toilet that overflows and runs all weekend affecting multiple floors in a high-rise office building or a whole town dealing with a flood Servpro, with its individual franchises and storm teams strategically placed around the country has the resources to handle any size disaster.
The best way to deal with any disaster is to be prepared.  That is why Servpro offers a free app for your phone called an ERP – Emergency Ready Profile. The ERP includes all the information you will need to access in case of an emergency and because it is on your phone it will always be with you one touch away.
Servpro of Southwest Fort Worth and Lake Arlington are a proud member of the Servpro family and have been serving Southwest Fort Worth and Lake Arlington for over ten years.  They are always available to help with any water, fire or storm damage restoration as well mold remediation and cleaning services.

Call – 817-460-7666 24/7 Or visit servproofsouthwestfortworth.com for more info