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Winter 2012 Market Update
What are the specific local market conditions? Calll or Email Mary Ann Byrns.
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| Average Home Price | $175,000 - View Graph Trend |
| Average Price Compared to Last Year | Up 0-5% |
| Average Time on Market | 60-90 days |
| Best Selling Price Range | $150,000 - $199,000 |
| Worst Selling Price Range | $300,000 - $349,000 |
| Prices As % of Asking Price | 95-100% |
| Existing Home Prices for the past 90 days are? | No Change |
| Market Trend | No Change |
| Buyers’ or Sellers’ Market | Equal buyers and sellers |
| Buyer Activity for the past 90 days in North Richland Hills is | Increasing |
| Seller Activity for the past 90 days in North Richland Hills is? | Increasing |
| Multiple Offers? | Yes |
| Multiple Offers Commentary | Well priced homes are receiving multiple offers, as home prices are very stable in this market. |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 5-10% |
| Is Financing Available For Qualified Buyers? | Yes |
| Comments on Financing For Qualified Buyers | Yes, financing is available for all buyers...please call Greg Ulrich at 817-800-5626 or apply online at www.applywithgreg.com |
| Housing Inventory | Good supply - Some Prices |
| Inventory Comments | This is a great market for first time homebuyers due to affordable homes prices and proximity to several high-end communities (Southlake, Colleyville, Westlake). Housing inventory is down in the $100,000-$150,000 price range, but in the upper-end ($250,000+) homes are lingering on the market. |
| Greatest Activity | First Time Buyers |
| Reason to Buy/Sell | Population Growth |
| Nearest Metro Area | Dallas Fort Worth |
| Housing Hot Spots | Southlake Town Center & Grapevine Main Street |
| Average Sold Price | $175,000 - View Graph Trend |
North Richland Hills Local News
Sluggish housing market in line for a better 2012, according to quarterly survey
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
Contact Information
The Byrns Team
(817) 975-6617
Request More Information Let me answer your questions!
Ask Me!
Blog Archives
Mortgage Rates
– Feb 13th, 2012 –
---------------------------------
30 yr. fixed rate: 3.89%---------------------------------
15 yr. fixed rate: 3.21%
30 yr. jumbo rate: 4.61%
15 yr. jumbo rate: 3.97%
Home Values
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Request More Information Let me answer your questions! Ask Me!
The Byrns Team
RE/MAX Masters
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 (817) 975-6617
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