In January, the City Plan Commission approved a project that will bring more than 1,600 homes on 495 acres as part of a project called Lone Star at Liberty Trails. More homes are likely on the way for Fort Worth as well. The 1,600-acre residential development at Walsh is currently home to 2,500 residents. The delivery of homesites at the Brook Hollow neighborhood will represent completion of about 35% of the initial Walsh residential phases planned since opening in 2018 and the largest residential phase in Walsh since 2020. “We’re excited to deliver this many homesites in a new neighborhood at Walsh as we know this will bring interested buyers much-needed choice in what has been a very tight home market for Fort Worth and Tarrant and Parker County in recent months,” said Jim Henry, senior vice president of community operations and Republic Property Group. The Walsh Ranch development on the west side of Fort Worth is adding 224 new homes, its largest residential phase since 2020. That’s still low, but for Calahan and other Realtors that’s something that gives them an opportunity to sell. In January 2022, inventory was 0.7 months supply. “From my viewpoint, the market is stabilizing, which hopefully means the volatility is behind us,” said Calahan.Īlthough prices are similar to what they were a year earlier, inventory is higher. Those are good signs for Realtors and for buyers, he said. What is up, notes Calahan, is the housing inventory. In January, the median price of a home in Fort Worth was $320,000, down $20,000 from December. “It’s hard to sell when there’s nothing to sell.” ““We just finished going through a crazy 18 months or so where we had less than three quarters of a month of inventory, which is just crazy,” said Bart Calahan, a Realtor with Coldwell Banker Realty and the 2023 president of the Greater Fort Worth Association of Realtors. It all sounds good to many Fort Worth area Realtors, who are ready for a more stable housing market.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |