Fort Worth Real Estate
Real Estate Prices
Fort Worth real estate is moderately priced compared to the nation as a whole, offering Texas residents an exceptional value to go along with our friendly and modern city atmosphere. Here you’ll find a pleasant climate, low unemployment, world-class shopping and services — and a number of school districts that are enjoying new facilities. Fort Worth homes are available in many styles and price ranges. Property values are mostly steady right now but the trend has been modestly higher over the past few years.
Real Estate Market
The real estate market throughout Fort Worth is active and thriving. Opportunities abound right now for moving-up to larger, newer homes. Many new home additions have been started in the past few years and some are still expanding. First time home buyers have been entering the market, inspired by low interest rates and affordable housing. This trend is allowing owners of smaller properties to purchase larger homes, which fuels an ongoing residential upgrade spiral. Like “musical chairs”, people are changing places while still leaving a few empty ones available. Add to this the new homes from the builders along with steady population growth and low cost purchase money, and you have the furmula for a booming real estate market that’s expected to continue well into next year.
Dallas-Fort Worth area builders sold 11,196 homes in the third quarter of this year, an increase of nearly 7.5 percent from the previous year. During the same period, about 20,714 pre-owned homes were sold — that’s 2 percent below 2003 levels. The number of pre-owned houses on the market in North Texas grew in September — up 4 percent to 41,594 homes listed for sale. The median sale price of pre-owned houses fell by 3 percent from a year ago to $134,900. Through the first nine months of 2004, there was no real change overall in local home prices.
Fort Worth, Texas
Fort Worth is home to a number of major corporations including RadioShack, Pier 1 Imports, American Airlines and Burlington Northern Santa Fe Railroad. Consistently ranked as one of the top places in the nation to live, work and do business, Fort Worth has twice been awarded the prestigious All-American City award by the National Civic League. With a population of over 585,000 (census figures – 2003), Fort Worth is now the 20th-largest city in America — passing Seattle, Boston and Washington DC. Most of the city’s growth over the past two years has been north of Loop 820 in a portion of the city known as the Alliance Corridor.
Fort Worth Texas is a wonderful combination of the “old west”, modern culture and space-age technology. Fort Worth was established in 1849, originally as a U.S. Army Fort to protect the area. A small civilian community began to spring-up around the safety of the fort and a few years later, large cattle drives came right through the area. With the introduction of railroads, Fort Worth became the main railhead for the transport of Texas beef throughout the northeast United States.
Fort Worth is the gateway to a western culture that still lives on today. Known for a progressive embrace of the arts including numerous world renowned museums, Fort Worth boasts the first theater in the round – The Casa Maņana Theatre, a world-class Zoo, and the formal Botanic and Water Gardens. Every cowboy can tell you about the Stock Show, Billy Bob’s and the famous Fort Worth StockYards. Fort Worth is also home to many corporate headquarters. Renowned companies such as Motorola, Nokia and Intel have a presence in Fort Worth, along with some of the most progressive business minds in the world.
You’ll find a wealth of cultural enrichment such as the Bass Performance Hall and Sundance Square, educational excellence – top-rated public and private schools – TCU – and new, ultra-modern suburban neighborhoods with nearby shopping and restaurants. Fort Worth is distinctly separate from its neighboring city, Dallas, with a culture and lifestyle decidedly different and more “laid-back”. Although only a few miles separate the two great cities, heavy traffic can make for a long commute during the rush hours. Fort Worth lives a breathes a refreshing, optimistic lifestyle that visitors find enchanting and residents are glad to call home.