A Comparative Market Analysis (CMA) of lake front properties:

Eagle Mountain Lake and Lake Worth combined:

Single Family lake front properties that have Sold since 7/29/2007

BR

SqFt

Acr

Blt

CDOM

List Price

SP %LP

Sale Price

Min		1			590	0.003	1930		3	103,000	82			107,601
Max		5			7,450	3.860	2006		591	2,350,000	104			2,150,000
Average		3			2,881	0.850	1979		191	465,029	95			438,517
Number of Properties: 35
Average ( SalePrice / SqFt ) : $152.21

If you would like more comprehensive or specific data, please contact our office so that we can help you understand the latest market statistics and trends for homes in your neighborhood.  We list and sell all home types whether it is a house on the lake or just your humble average residential property.

Regards,

Bernie

Spring is just around the corner and lots of people will be looking at lake front property around Eagle Mountain Lake and Lake Worth.  For sellers, now is the best time to put your water front home on the market.  For Buyers, now is the best time to start shopping for the lake house that you've always wanted.  There will be more on the market to choose from and you'll want to give yourself plenty of time to be in your new water front home before the summer sun and fun season arrives.  The Christian Group almost always offers the most lake front listings around either of our two gorgeous lakes.  Even if we don't have it listed, we know more about water front property than any other agent or brokerage in our around Fort Worth, Texas.  We have a team of buyer agents that we have trained as water front specialists and they know the inventory around the lakes.  They are ready to help you find just the right home.  We'll have you fishing off your new dock in no time.  As I said in yesterday's blog, mortgage interest rates have fallen dramatically within the last few days.  Now is the time to call a mortgage lender, get a pre approval letter, start shopping and lock in your rate.  If you would like to see our listings and virtual tours click here.

If you have any comments regarding this blog, I would love to hear from you.

Regards,

Bernie

One of the most frequent questions that I'm asked is, "So how is the real estate market these days Bernie?"  Even during what just a few months back we now call the "good old days", people would ask me this question.  Now, the question has a little more inquisitiveness or concerned ring to it since the media is reporting recession, recession, recession and the news about the housing market has been getting progressively gloomier since the beginning of last year.  People often seemed surprised by my response to their inquiry about the market.  They don't seem prepared to hear that it is a great market for buyers (isn't it a bad market for anyone buying?).  How could this be you might think to yourself...why, the guys at the office were all complaining just the other day about the awful state of things and how its going to get worse!  Home prices are stable and mortgage interest rates are dropping like a lead balloon.  No kidding, interest rates have dropped to one of the lowest rates in about 30 years.  Yeah, I'm talking like this week, right now, today as of this writing rates are going down and its good to be looking for a home if you want a low monthly mortgage payment.  Run and talk to a mortgage broker now, find your phone because its also a great time to refinance your existing home too.  Hurry, cause they could go back up again because you waited too long.  You just can't time this kind of stuff because you have to act and strike while the iron is hot!  I know, you've heard all this before...industry professionals have been saying interest rates are great time and again for the last several years.  Well yes, interest rates have been very good for a long time now but during the last couple of years people were so used to low rates that they seemed to become somewhat apathetic and maybe even bored.  I'm telling you right now, that low rates will jazz you up more than what you probably might think...so take notice!  You heard it hear first!  You'll just have to call and investigate to find out how great they are.  If your credit is not so hot, a nominal down payment (say 10%) will cure a lot of ills.  Please don't assume that you can't get a mortgage loan.  Go by the facts which are discovered by direct inquiry with your local trusted mortgage professional.  I say local and trusted because we work with lots of mortgage brokers but only a very few will we actually recommend to our friends and clients and lets face it...we all trust someone we can sit down to talk with face to face.  Ok, I'll make it easy for you!  Go to W.R. Starkey Mortgage now.  If you would like to have more choices, we got em!  Just email me at rbciii@earthlink.net and request a list of preferred mortgage brokers and I'll send them to you.

Regards,

Bernie

Ok, its been a few weeks since I've blogged on our site but the holidays and some other things have taken me on a detour as you might expect.  Also, prior to this month, there frankly wasn't a lot to get jazzed up about in the real estate world in Fort Worth.  What brings me back to the blog at the moment is the fact that January 2008 is fast becoming an outstanding month for real estate for my team and I just want to share my excitement with someone.  I measure the change (if that's what it is) as I see it happening and from experience in the real estate business.  Not only is this the best January our team has in any given year but it is also the best month we've had for listing and sales in the last 12 months.  So, is it just an anomaly or is it something else?  Are potential buyers and sellers getting bad news itis from all of the negative hype in the media.  Are they starting to come out of their shell?  Maybe so because it looks like things are stacking up for February also.  Maybe this is the beginning of a new and positive trend towards a better real estate market and great 2008.  I certainly hope so but it is still too soon to tell.  Probably not all real estate agents are experiencing the same results that we are on my team but it is hard to ignore the positive things that we are seeing.  A lot of people are interested in lake front/waterfront properties and the strange thing is that at present, there is less than 10 homes on the market between $300 and $800K.  I know because I sent a market study only yesterday to nice fellow down in Florida who is thinking of buying a waterfront home and moving up here to Fort Worth Texas.  The availability of homes in that range was kind of disappointing.  Also, its the newer lake front homes that are the most in demand.  People want the amenities and custom features that new homes have to offer.   We do need a few more lake listings to suit a wider range of customers but we did list a waterfront home at 1113 Pelican Dr. South, in Azle this weekend.  Please visit our listings and see this home.  I had a doctor inquire about a waterfront home we have listed on Lake Worth, 6617 Cahoba Dr, Fort Worth, today also.  Busy day and busy month for real estate.  As for the non lake front homes out there, this is where we are seeing a lot of activity too.  Only this afternoon, I couldn't get away from my desk because I had two potential clients call wanting Terri and me to come and list their homes.  And we have been listing and selling quite a few homes this month.  Its great and I hope that we can keep the momentum going all year long.  Why don't you call us to list your home or come in to see us and we will show you what's on the market and for how much.  We love opening doors for people!  Maybe your next!

Bernie