Chamberlain Arlington Heights, Fort Worth, Texas - Real Estate Market Report for March 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 = 5
5 homes sold during the month of March (up from 3 in February 2010) and we're on the annual and cyclical steady climb of home sales out of winter and into spring.
Pending sales = 6
There were also 6 pending sales at the time of this report which is an indication of further demand. There were also 6 pending sales last month (February 2010).
Active listings = 61
There were 61 homes for sale (active listings) on the market at the time of this report. The same as last month. This indicates a fairly large supply of homes that would take about 12 months (61 actives divided by 5 solds) to clear at the current pace. That's down from a 20 month supply last month. Still, 12 months is a fairly long time to clear inventory and is indicative of a buyer's market.
Sold Statistics Table:
| SLD - 5 Properties Found | ||||||||
|
Square Feet |
Bedrooms | Full Baths | Half Baths | List Price | Sale Price | Price per Square Foot | Days on Market | |
| Min | 1088 |
2 |
1 |
0 |
$117,900 |
$122,950 |
$113 |
5 |
| Avg | 2263 |
3 |
2 |
0 |
$396,480 |
$377,190 |
$166 |
115 |
| Max | 3715 |
4 |
3 |
1 |
$765,000 |
$690,000 |
$188 |
338 |
Links to previous Market Reports:
Chamberlain Arlington Heights, Fort Worth, Texas - Real Estate Market Report for February 2010
Chamberlain Arlington Heights, Fort Worth, Texas - Real Estate Market Report for January 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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