The data below represents the market conditions for single family homes from April 08 to present in The Resort at Eagle Mountain Lake, Fort Worth, Texas, but excludes the water front properties in order to insure consistency of comparables.  Waterfront properties would skew the data.  However, golf course lots were not excluded from the comparables.  When pulling this data from the Multiple Listing System (MLS) I was surprised to see that a total of 43 listings are presently on the market(excluding waterfront properties) as compared to 33 in the previous six months.  Therefore inventory for the Resort has increased by 30% placing a downward pressure on sales prices.  This is borne out by the fact that average sales price declined significantly from $470,000 down to $300,013 for the same period, although this increase is a direct result of the greater quantity of larger homes on the market during the previous six months.  What is key is the fact that the price per foot data is down from a high of $121 per sq ft to $102 per sq ft, an unfortunate 16% decline for the neighborhood.  However, this trend is not reflective of the surrounding areas and neighborhoods in the area.

This information should jump right out at the buyers who are reading this article and who might be considering moving to the area.  There are bargains now available for sale on the market.  Now is the time to purchase a property.  It will take only a few sales to reverse this trend and by that time it will be too late!  As I have said in many of my previous articles, you cannot time the market!

Please note that while this data is deemed to be accurate and reliable, it is not guaranteed.  It is generalized and composed of averages and any given home may have particular attributes that make it superior to the average or less than the average.  I cannot emphasize enough why you should consult with a real estate professional to help you understand all of the considerations in the current market for this or any neighborhood.  We have additional detailed data not presented here that must be considered prior to making an offer on a property or any particular major financial decision.

Please give us a call or email us and we will be happy to discuss this data with you and to show any of the properties in The Resort On Eagle Mountain Lake.

 The Resort On Eagle Mountain Lake

Comparable Data April 08 to Present

 Comparable Data Oct 07 to April  08