| May 27, 2005 |
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Irving, Grapevine, and Arlington are comfortably situated with easy access to one of the world's largest airports, Dallas-Fort Worth International. The cities boast large entertainment venues, such as theme parks and race tracks, and they work consistently to bring high-paying jobs and fine homebuilders to their areas. Irving
Grapevine
About the market, Anker advises, "The real estate market in Grapevine is beginning strong and should surpass 2004. Statistics through April 2005, indicate a decrease in home sales (202) with a slight increase in the average home price to $213,078. Current number of homes on the market is down by 25 percent, good news for sellers. With existing homes and new construction, the choice of homes available will delight new buyers. In 2004, 713 homes sold in the Grapevine area, this number increased three percent over the previous year. The total sales volume of $154,236,160 was eight percent higher with the average home price of $216,320." Arlington
Walker says, "There is a wide variety of neighborhoods from the more established in north Arlington to newer communities in the southern portion of Arlington and in Mansfield. Inventory of homes on the market has stayed fairly constant with a slight increase during the latter part of April and beginning May. Market time is about 45 days and the prices are still showing good strength. This is good news if you want to sell your home. Homes that are priced right, in good condition and properly prepared for showings will sell quickly. Mortgage rates are still at a very attractive level along with a good economic outlook which should support a strong real estate market." |
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