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I double dog dare you to sell your Near Southside Fort Worth home

Unless you’ve been hiding in a cave (or your historic bungalow) it shouldn’t be big news to you that the Fort Worth real estate market is on fire, much like the rest of the country. The Star-Telgram is writing about it, The Dallas News is writing about it, and The President has been talking about it all week.

Well, what does that mean for the Near Southside? I’ve been working with buyers in these neighborhoods all year and there is a common frustration among all of them…a lack of inventory. Typically in Fairmount for instance, we’re used to seeing 20 active homes for sale at any given time, but at the time of this post there are only 11. I’m not suggesting you market your home for sale to just appease buyers looking in the neighborhood, but simply presenting a “state of the market” to help you make decisions and stay informed. Let’s take a look at the data.

Fairmount

Fairmount homes for sale – Click the link on the left to see the current active single family homes on the market in Fairmount (works pretty well on mobile too). I’ll wait…ok, so it’s slim pickings over here wouldn’t you agree? My buyers certainly do. But they’re not willing to settle on just anything, they’re looking for quality homes that have been cared for, priced well, and that won’t need a construction crew to repair it before they move in.

If you have one of these homes and have been watching the market, it has to be tempting. With the right real estate agent, sales plan, and strategy you might be in for quite a treat. Prices are rising in the area and Fairmount has become a highly desired target for buyers because of it’s historic charm, walkability/bike-ability, and as establishments like Shinjuku Station and The Live Oak give residents diverse options for dining and nightlife close to home.

43 homes have sold in Fairmount since January 1, 2013. Of those 43, 16…yes I said 16 have sold in less than 10 days on the market. There are buyers waiting to get in. When we sold this home at 2240 Fairmount in the spring, we hosted 11 potential buyers in 2 days and started negotiating an offer the first day it hit the market. Good homes are selling quickly…But what about the other hot neighborhood to the south?

2740 Willing Ave

Ryan Place homes for sale – Click this link. Ok, so Ryan Place has 15 active single family homes for sale at the time of this post. Seems like a lot doesn’t it? Taking a closer look at the data we see that of these 15 homes for sale 10 have been for sale for more than 30 days. That’s quite a long time for such a hot market and there’s likely a reason they’re not selling. When we sold this fantastic home at 2740 Willing we hosted 30 buyers for showings in 6 days and negotiated multiple offers too!

The message is the same here. Quality homes that have been cared for, priced well, and marketed with an actual strategy are selling for more money, in less days than we’ve seen in years. 30 homes have sold in Ryan Place since January 1, 2013 and of those 30, 13 have sold in less than 10 days on the market. The data speaks for itself. Berkeley and Mistletoe have seen a lot less action, but check out their links below too.

Berkeley

Berkeley Place homes for sale – 3 homes for sale at the time of this post and 13 sales since January 1, 2013.

Mistletoe Heights homes for sale – 3 homes for sale at the time of this post and 18 sales since January 1, 2013.

What does this all mean?

The market is hot. Interest rates have climbed a bit since earlier this year but it’s not stopping buyers. You can sell your Near Southside home if it’s well-kept, priced in line with the market, and strategically planned for maximum results. Where will you go? We’ve seen long time in-town residents sell their homes and move into neighborhoods with a little more “bang for the buck” if you will, including Wedgwood, Ridglea, and Ridglea Hills which are all neighborhoods slowly on the rise.

If you’re on the fence give me a call, shoot me an email, a tweet, or come down to the office on Magnolia. I don’t bite. But I do eat market statistics for breakfast, drink Avoca Coffee for fuel, and care about what happens to people as they make enormous financial, emotional, and logistical decisions about where to live. No pressure. Don’t take it from me, see what some past clients have had to say here. I’m always happy to run my mouth about what’s happening in the market with anyone who’s willing to listen to me for a few minutes.

author comments: all data sourced directly from the DFW area MLS, NTREIS with neighborhoods indexed according to area and sub area as determined by the MLS. Data is reliable, but not guaranteed. If you would like to take a look at the sold data, fill out our contact form and I’ll be happy to send you a copy for any neighborhood.

 

About Greg Fischer

Greg is the principal owner of Fischer Real Estate Services, an MBA student at TCU and proud six year active-duty veteran and current member of the Naval Reserves. Greg is passionate about bringing clarity, delight, and authenticity to the real estate industry.
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