Chamberlain Arlington Heights, Fort Worth, Texas - Real Estate Market Report for January 2010
Area Brief:
Chamberlain Arlington Heights is just off the bricks of Camp Bowie on the west side Fort Worth and is just minutes from downtown. The convenient location also means Chamberlain Arlington Heights is close to dining, shopping, the Cultural District Museums, the University of North Texas Health Science Center, Texas Christian University (TCU), and major highways (I-30 and I-35).
Warning - All Real Estate Is Local:
As a buyer or seller in the Chamberlain Arlington Heights residential real estate market, it's important to be aware of current market conditions and recent trends in order to make the most informed decisions; most media reports focus on general/national market conditions and, therefore, will not provide the most accurate picture of the local Chamberlain Arlington Heights, Fort Worth, Texas real estate market.
Market Summary:
Homes sold = 2
It's not surprising that only 2 homes sold during the month of January as the winter and holidays are typically the slowest part of the yearly cycle for home sales just about anywhere in the US and specifically in Fort Worth.
Pending sales = 6
There were also 6 pending sales at the time of this report which is an indication of further demand or backlog.
Active listings = 61
There were 61 other active listings on the market at the time of this report. This indicates a fairly large backlog that would indicate that it would take about 30 months (61 actives divided by 2 solds) to clear at the current pace. That's a fairly long time to clear the inventory and is indicative of a buyer's market.
Sold Statistics Table:
SLD - 2 Properties Found | ||||||||
Square Feet |
Bedrooms | Full Baths | Half Baths | List Price | Sale Price | Price per Square Foot | Days on Market | |
Min | 672 |
3 |
1 |
0 |
$15,000 |
$10,000 |
$14 |
61 |
Avg | 882 |
3 |
1 |
0 |
$19,950 |
$16,750 |
$18 |
86 |
Max | 1092 |
3 |
1 |
0 |
$24,900 |
$23,500 |
$21 |
112 |
Previous Market Reports (will be accessible here beginning with the next monthly report):
Chamberlain Arlington Heights, Fort Worth, Texas - Real Estate Market Report for Month 2010
Statistics Disclaimer:
The above statistics were obtained via the North Texas Real Estate Information System (NTREIS). The data is believed to be reliable but is not guaranteed. Private sales are not included in these statistics.
Further Assistance:
If I can provide more information about Fort Worth and surrounding areas real estate, the housing market, or otherwise assist you, friends or family in a home search, please contact me by phone or text at (817) 495-8028 or email me at Kent@KentDills.com
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