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.
3 – 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.
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.
When 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.
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.
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.
Safety at home is more than a good lock on the doors and windows. June is National Safety Month and a great time to review your household’s safety plans. We encounter countless hazards in our daily lives at work and home. Often many of these dangers present themselves during mundane of tasks when we let our guard down (or our minds wander) which means they are mostly preventable. The National Safety Council has put together several articles about safety at work, home, and on the road to help you identify risks and how to take the proper precautions.
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.
Grand Prairie, TX – Another premier investment opportunity has changed hands with the help of Red Team Real Estate. Robinson Road Medical Plaza is a uniquely designed three-building medical complex showcasing two beautiful fountains flowing into koi fish ponds. The three single story buildings, totaling 8,661 square feet, surrounded by a beautifully landscaped concrete parking area. Tenants include well established medical doctors, medical office staffing, hospice services, and a pharmacy.
The sale was facilitated as intermediary by Red Team Real Estate in Fort Worth jointly with Michael Mayes, Owner/Agent and Chuck Precopia, Broker. The buyer, a local investment group, has retained Red Team Real Estate as manager for this property.
“This was a great opportunity for our clients on both sides of the transaction. The growth in this area is phenomenal; I could not be more pleased for our clients and Red Team!” Michael Mayes, Owner of Red Team Real Estate.
The buyer is thrilled with this acquisition’s location and its distinct offerings in the rapidly developing corridor along Highway 161 just blocks from the new Super Walmart Center and near the IKEA in Grand Prairie.
About Red Team Real Estate
Red Team Real Estate, established in 2012 and led by Michael Mayes, provides professional client-centric service by experienced agents dedicated to your needs. Located on historic Magnolia Avenue in Fort Worth, we focus on the best i
nterest of our clients in each and every transaction. We are dedicated to the development of long-term client relationships! Let Red Team handle all of your residential and commercial sales, leasing services, property management, and real estate investments. For more information, visit www.redteamrealestate.com.
A downsizing trend in North Texas as well as nationwide is taking hold when it comes to real estate.
A recent survey put together by Trulia.com shows home premiums on houses between 3,000 and 5,000 square feet steadily declined since 2012. Some buyers are choosing to avoid mass produced homes between 3, 000 and 5,000 square feet. Industry insiders are seeing a swing toward smaller more affordable homes with less overhead and cost than associated with a large oversized house.
Traditional families are leaning towards townhomes, condos, and smaller single family homes. Most of which are under 3000 square feet.
Tarrant County has a wealth of these wonderful smaller properties for sale especially in the Historic Fairmount District, Arlington Heights, Mistletoe Heights, and around the TCU / Westcliff neighborhoods. The ability to blend the craftsmanship of the old through original flooring and unique architectural features with conveniences of modern technology and upgraded appliances make these neighborhoods some of the most sought after places in Fort Worth. This is good news for sellers and buyers in our marketplace.
As a Historic Home Specialist and an expert in these neighborhoods, I am well equipped to show you the potential of their older homes as a great opportunity if you are in the market to downsize. From north to south, give me a call or shoot me an email and I’ll share my favorites!