ResalesMansfield, Texas New Home Market Is Hot, Say Realtors
South of Dallas and nearer to Fort Worth, without nearly the traffic congestion of North Metroplex bedroom communities, Mansfield, Texas has a lot to offer residents, and it is booming with new homes, say local Realtors.
"Mansfield is a bedroom community located just 20 minutes south of Ft. Worth and a short 35 minute drive to Dallas," says Realtor Gladys Vance. "Joe Pool Lake is only minutes from the city and provides excellent facilities for fishing and water sports. A unique quality of life exists in Mansfield, consisting mostly of single-family residences with an outstanding country club with championship golf and tennis clubs."
Vance enthuses, "A low crime rate and outstanding community spirit make this a perfect place to live. Professional sports in the area include The Dallas Cowboys, The Texas Ranger Baseball Team, The Dallas Mavericks Basketball, Dallas Stars Hockey and the Dallas Burn Soccer Team also located nearby is one of the best NASCAR race tracks in the US. Higher education institutions in the Metroplex include TCU, SMU, The University of Texas at Arlington and The University of North Texas at Denton. Outstanding homes in Mansfield range in price from $110,000 to $795,000."
Observes Realtor James Martone, "There is a boom in new home building, which is increasing the overall inventory of homes. Still, there are many buyers out there looking for good deals so that homes that are priced competitively, are selling fairly quickly, most within 70 days."
He adds, "Inventory of new homes is up, but February sales were up, when compared to sales for last year. Prices have been stable over the last 12 months, the time on market has been generally less than 65 days."
Things look good for home sales in the spring. "Mortgage interest rates have risen from historically low levels, but are still attractive to buyers and current owners who will refinance," suggests Martone. "Current rates are still very attractive and now is the time to act before the rates go higher. Based on our national economic outlook, our local economy, and an increase in jobs, conditions are right to continue an upward trend in home sales and prices."
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