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February 11, 2012

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  CONDITIONS™
By Local Real Estate Experts  


Market Conditions for Bedford, Texas

Reported by Ann Anker, REALTOR

Updated February 10, 2012.

Current Market Rating: 3




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Seller's

Current Price Trend: 2




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Falling

Rising

Wow a new year already. Welcome to 2012 !! Last year finally turned the curve and is heading the right way, UP.
February began with 102 homes on the market, 30% less than same period last year. Through January, 22 homes sold, a decrease of 4% over same period last year. Total revenue through January increased 15% to $4.133,976; average sales price increased 20% to $187,908 and median price up 23% to $190,000. Average days on the market down in January 22% to 81 days.

2011 ended with a 5% increase in home sales over the previous year with 405 homes sold. First year of previous 5 years that the number was up. Total sales revenue for 2011 was $63,817,470, a small 1% decrease. The average home sales price was $157,574, a 6% decrease with the average price down only 2% at $152,000. The average days on the market in 2011, 70 days.

Review the numbers of homes sold in the last 5 years
2011 405
2010 399
2009 424
2008 533
2007 570

An overview of 2011
405 homes sold, 5% increase
$63,817,470 total revenue, 1% decrease
$157,574 average sales price, 6% decrease
$152,000 median sales price, 2% decrease
151 average homes on market, 8% decrease
70 days average time on market. up 25%

An overview of 2010, .A total number of homes sold, 399, a 6 % decrease from 2009. Total spent,$63,672,420, down 6%. The average sales price was unchanged at $159,580 with days on the market decreased 5% at 57days

2009 ended with lower productivity than 2008 in both homes sold and homes on the market . Total number of homes sold in 2009 was 424, a 21% decrease over 2008. Total of $72,774,936 spent in 2009 (an 18% drop) and the average sales price increasing only 3% at $171,639.. Average days on the market through December was 53, a 10% decrease.

2008 ended with 533 homes sold down 7% over 2007. The average days on the market through December was 59 days, up 18% but houses are selling with an average sales price of $165,986, unchanged from 2007. Less homes on the market, less homes sold, longer time on market with no decrease ub price . Total dollar value sold in 2008 was $88,470,538 down 7%.

During 2007 570 homes sold, a 7% decrease from 2006 with a small 2% increase in average sales price to $166,403....The total dollar volume spent $94,849,710. Average Days on the Market; was 50 days, down 11%. Total dollar volume spent for real estate in Bedford in 2006 was $99,535,253.

ZIP Code: 76020

Location Characteristics: Bedford is conveniently located in the heart of the Dallas/Fort Worth Metroplex. Bedford offers a small community atmosphere while still providing all of the urban amenities. It is a thriving community with a rich history and an exciting future. Bedford is an easy commute to Dallas or Fort Worth and is convenient to DFW Airport. Thinking of relocating to the area? Bedford offers a variety of churches, excellent schools, and safe neighborhoods.

For More Information:

View Market Conditions of other areas served by Ann Anker

Navigate: Top > Texas > Bedford

About Ann Anker:
Looking for a new home? Selling your existing home? Buying a vacation home or investment property? Moving to a new area of the state or another state?

I can help!!

I have over 30 years experience in sales, marketing and contract negotiations. These skills help me:
# Assist you in buying the perfect home for you and your family with new construction or existing homes. I will familiarize you with the community, schools, and amenities of the area to help you with your neighborhood and property choice.
# Market your home to achieve the best possible price for your house in the lease amount of time
Exposure is the key to selling any property. Being affiliated with the largest real estate network in the world, Prudential, gives your property internet exposure unequaled in the industry.
Prudential Worldwide REALTORS
Call me or email, I would love to help you with any and all of your Real Estate needs.
817-726-3839
annanker@sbcglobal.net
www.annanker.com




These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.

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