If you've been thinking of
buying a house on 1 to 2 acres just a little out of the way from some of the more densely populated areas in
Fort Worth, Texas, then here is some market information that will give you a better idea of what that would cost. This particular Comparative Market Analysis (CMA) attached below, considers homes actively on the market for sale today as well as those homes that have sold since last May 2008, to the present. Also, the data in this CMA includes only homes between 2000 and 4000 square feet. The location of the homes in the report is Northwest Tarrant County and around Eagle Mountain Lake. For brevity, the age of the homes and other factors were not considered in the report.
When we compare sold homes with homes that are active on the market for sale, it can be shown that the actual sales price of sold listings is 86% of those homes that are currently listed on the market for sale. Generally, homes in the area (regardless of size or acreage, etc,) tend to sell for 96 to 98% of the listed sales price which is most often the same as the adjusted list price. As a result, from the sold data we can determine from the chart below that on average, homes currently on the market (meeting the above criteria) are priced as high as 10-12% above the market value for similar homes in the area.
If you would like more information about this CMA,
The Christian Group will be glad to help you!
By Bernie Christian
CMA for homes on 1-2 Acres and 2000 - 4000 square ft
NW Tarrant County and Eagle Mountain Lake
