Grapevine homes for sale numbers represent a common situation for the many of the northern Dallas-Fort Worth suburbs. A quick look at the numbers for Grapevine homes for sale show sales are down 40% for the first six months of 2009, so the market for Grapevine real estate much be terrible, right? Actually, the market is quite good. The average prices for sales of Grapevine homes has increased 2% in the first six months of 2009 versus 2008 and the median sales price of Grapevine homes has remained unchanged, at $237,400, in 2009.
The number of new Grapevine MLS listings are down 17% for year-to-date 2009, so there are significantly fewer Grapevine homes for sale than previous years. The actual inventory of Grapevine homes for sale stands at a 4.7 months supply, while a 6 month supply of inventory on the ground is generally considered a neutral market. With more than 6 months of inventory considered a buyer’s market and less than 6 months’ inventory considered a seller’s market.
Grapevine homes for sale do not include much new construction. David Weekley Homes is still building townhomes in the Townhomes of Westgate subdivision and is in close-out phase at Silver Lake Manors. It is possible you can find a single new construction home, most generally in the historic district near downtown Grapevine. however, Grapevine is land-locked, so there will not be another major new home construction development happening in Grapevine.
So if you’re looking for an ideal location, 1/2 way to Dallas, 1/2 way to Fort Worth and right out the door to DFW International Airport, you should be looking at Grapevine homes for sale. Call me today to get started, 972-402-4124.
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