Bedford Texas Real Estate Market Report for Summer 2010

By
Real Estate Broker/Owner with DFW Living TREC# 0553912

As of today, there are 185 homes for sale in Bedford, Texas according to the North Texas Real Estate Information System (the MLS).

Of the 185 Bedford real estate listings that are ACTIVE and available for sale, they range in size from 1083 square feet to a rare 5194 square feet with an average size being a practical 2179 square feet. On average, Beford homes have 3 bedrooms and 2 baths and most have 2 car garages.  Bedford offers opportunities to live within an established Fort Worth suburb at varying prices ranging from $67K to a rare $650000 while the average asking price is $190,576.  Currently, the average time on market is 85 days.

What did the Bedford home buyer's choose this summer?

There are a total of 31 properties that are awaiting close of escrow and these are referred to as PENDING deals. As those 31 deals close, more information will follow.  At this time, information that is available tells us that $154,854 was the average list or asking price that 31 home buyers chose from with an average square footage of 1996.  The average time on market was 65 days.

9 more Bedford homes are under OPTION at this time.  Option means that Bedford sellers have agreed to terms in which they will sell their home to a buyer and the buyer has the option to have home inspections completed as well as perform other due diligence.  At the end of the negotiated OPTION period, the buyer can OPT to move forward or move on.  As with pending properties, Bedford sale information is not available until the deal closes but the average list price for the listings that are currently under option is $185344 with an average size of 2014 square feet. 

From June 1, 2010 through August 31, 2010, a total of 92 Bedford homes were sold.  The homes were priced between $89K and $415000 with an average list price of $188,665 and sold for prices ranging from $85,200 to $410K.  The average sales price was $184,417 and the average size was a 3 bedroom with 2 baths and 2111 square feet.  22 homes sold had swimming pools.

Just North Bedford:

133 homes are Actively for sale in North Bedford with an average asking price of $215083 

  • 8 listings are under OPTION contract with an average asking price of $195,450
  • 17  are Pending the close of escrow with an average asking price of $183,740
  • 75 North Bedford homes were sold for an average price of $198,671 after only 43 days on the market.

Amanda's Take on Things...

Buyers want to buy. While there are 185 active properties for sale in Bedford, there appears to be a shortage of serious Bedford sellers...in other words, there's a lot of junk for sale.  Buyers are frustrated and don't understand why everyone tells them that it's a buyer's market yet they continue to encounter homes for sale in Bedford in which the seller seems uninterested in selling.  It is my recent experience that Bedford homeowners who make the effort to freshen up and declutter their homes prior to going on the market, ask a fair price and are adequately marketed OWN this market as they sell for top dollar often in a matter of days. 

My name is Amanda Hall and I am the Broker and Owner of Hall Team Homes--an independent real estate brokerage licensed in Texas.  I believe that the best way to serve you is to provide you with the information you need to make the best decisions and that the best decisions are informed ones.  I can be reached directly at 817-239-9387.

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Steve Shatsky
Dallas, TX

Hi Amanda... I love your "Amanda's Take On Things..." as a conclusion.  What a great way to add your spin to a fact packed Market Report!

Sep 10, 2010 04:30 PM #1
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Amanda Evans

Real Estate Broker - Fort Worth Texas
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