Thirty-Five houses sold in Saginaw in July of 2017. An interesting trend was the number of older homes that were remodeled and sold as sellers took advantage of the higher prices in our neighborhoods. Six of the 35 homes were built before 1980, and fifteen were built before the year 2000. The oldest home was on Worthy Street, which was built in 1959. The average year built for a home sold in July was 1997 and the median year built was 2001.
Only one home that sold was new construction. Two factors contribute to the limited number of new homes sold, including the way that many buyers purchase new construction directly from the builder and not through the multiple listing and the fact that several of the new home neighborhoods in Saginaw no longer have lots for sale. Even though the model homes for Antares, Riverside Homes and Lillian Homes may still be in Saginaw, the new construction is in areas close to us in Fort Worth.
The average sold price for a Saginaw home was $192,050. This average, hypothetical house was built in 1997 and is 1997 square feet. It sold for $99.85 per square foot. It sold at 100.27% of list price. Twenty -five of the third-five sales had full price offers or prices above the list price.
Eight houses sold in three days or less. Buyers viewed the houses immediately as they hit the market, usually within the first few hours, and rushed to submit good offers. The only way to have an opportunity to purchase a home in this frantic market is to be set up with an agent who is sending you new listings as they come on the market. Our multiple listing service allows us to automatically notify potential buyers of new listings minutes after a listing is entered into the system. I can set you up with such a special search. If possible, we will view the home the first day it comes on the market. I can also help you if you are interested in selling. These sales statistics show that we still have plenty of buyers in our market. Please call me, text me or e-mail me if you would like a free market analysis or advice on selling your home. I’m here to help you!
– Kathleen Wheeler –