
Four Points subdivisions in this report are Comanche Trail, Grandview Hills/Parke, River Place, Steiner Ranch and Westminster Glen. Data used is the median value.
Bartlett Real Estate compiled data from the Multiple Listing Service from Jan. 1 through June 30, 2016. This report uses median price, sold price per square foot (SP/Sqft), days or cumulative days on market, and June sales and inventory.
By LYNETTE HAALAND, Four Points News
Four Points home sales have experienced solid growth for the first half of 2016 while prices are slightly lower compared to the same period last year.
“(Local) home unit sales were up 15.15 percent, while the median price remained at $485,000 versus $497,000 last year,” said Tom Radack, owner Bartlett Real Estate, Keller Williams Realty.
Stronger growth continues to be limited as a result of less available inventory, but days-on-market decreased from 63 to 58, from the same period last year, he said.
“Although demand is still strong, prices here are stabilizing, as a whole. However, location and desirable features still play an important role in what a buyer is willing to pay,” Radack said.
The majority of the homes that sold in Four Points were those less than $600,000, with the bulk of those being priced at less than $450,000.
“Buyers are watching closely at the prices they are seeing and the conditions of the home,” Radack said. “Homes on the market today, should have any appreciated value already priced into the home.”





