Fort Worth New Construction Home Report? Here's the market update for September 2017
Sales in September 2017
September 2017 Fort Worth New Home Sales recorded 24 sales. The cheapest new home was sold for $409,000 and the most expensive new home was sold for $1050,937. The average sales price for new homes in Fort Worth in September 2017 was $130 per sq. ft. compared to $123 per sq. ft in August 2017. The average selling price 12 months ago was $121 per sq. ft.
Low inventory of resale homes has builders scrambling to keep up with the demand. Builders don’t even have many spec homes to sell, most are under contract.
About Fort Worth Real Estate Market:
Ten-X Research - an online Irvine, California-based firm that tracks the real estate market - has recently named Fort Worth as the No. 3 "hot," housing market in the United States following Nashville and Orlando, with Dallas ranking as the No. 4 hottest housing market in the country. Fort Worth's home prices grew to a cyclical high of 11.7 percent year-over-year as of 2nd quarter, 2017 with a 3.4 percent home sales growth, according to their data. Home prices are at an all-time high of 43 percent above their pre-recession peak.
Fort Worth New Home Sales year to date (YTD)
Overall, 145 new Fort Worth ISD homes have been sold so far this year (October 2017). Some of the subdivisions include:
Bella Flora
Bella Ranch
Berkshire
Heritage Addition
Harmon Ranch
River Heights
Seventeen Lakes
Steadman Farms
Weisenberger
The Resort
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The most active subdivisions with new Fort Worth TX home sales are:
Steadman Farms
Bella Ranch
Seventeen Lakes
Top Fort Worth TX New Home Builders selling homes from $159,000 to $707,000 are:
First Texas Homes
Riverside Homebuilders
Impression Homes
Gehan Homes
Bloomfield Homes
Pulte Homes
Highland Homes
History Maker Homes
CalAtlantic Homes
Innovation Builders
Gray Point Homes
Fort Worth New Home Buying Tip: After Labor Day each year the new home builders in the Fort Worth area start marking down inventory for end of year financial reporting. THEY NEED TO SELL! Great time to start looking at builder homes. Most have started slashing prices or offering incentives. Contact us today!
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About Us:
Are you a first time new construction home buyer in Fort Worth, TX? If so, make sure you take good note of the above market information. By taking into account these market statistics, buying your first new build home in Fort Worth TX will be much easier and less stressful! If you have not selected a top Fort Worth, TX Realtor to represent you in your new home purchase in Fort Worth, contact me, and I’d love the opportunity to interview for the opportunity to help find you your dream home!
If you are planning to relocate to Fort Worth TX area and are planning to explore cities like Arlington, Keller, Grapevine, Trophy Club, Southlake, Burleson, Celina,TX, Plano TX, Frisco TX or Colleyville TX, contact us. Our excellent Fort Worth Real Estate Services provided by top Fort Worth Real Estate Agents will make buying your first home much easier and will make your Dallas TX relocation less stressful! Check out our Dallas Relocation Resources at http://www.nitinguptadfw.com/dallas-relocation-real-estate-agent
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