Last Week in Real Estate: Palo Pinto County

There was a fair amount of activity last week in Palo Pinto County real estate. We had a few sales, put some properties into pending status and have many that are active.

Currently we have 834 active listings in our county. These listings include land, commercial, residential and multi-family properties. Prices range from $5,000 all the way up and through the $1,000,000.00 price point.

3 properties sold during the past week (11/9/09 - 11/15/09).

(1) 2 bedroom, 1 bath brick home that sold for $65,000.00. (Mineral Wells)
(1) 21 1/2 acre tract of land that sold for $75,900.00 (Graford)
(1) 3 bedroom, 1 bath home that sold for $159,000.00 (Possum Kingdom Lake)

5 properties were pending through 11/15/09.

(1) 3 bedroom, 1 bath bank owned home listed for $19,900.00, (Gordon)
(1) 3/4 acre lot listed for $54,000.00. (Possum Kingdom Lake)
(1) 2 bedroom, 2 bath home listed for $59,500.00. (Mineral Wells)
(1) 3 bedroom, 1 bath home listed for $65,000.00. (Mineral Wells)
(1) 1 10 acre tract of land listed for $100,000.00. (Mineral Wells)

Unfortunately, 18 properties expired. These people may renew with their agents, go with another agent or opt to keep their properties off the market for a period of time.

Normally, November through February are fairly slow for the real estate market in Palo Pinto County. We will be keeping an eye on things to find out if the home-buyers credit will make a difference here.

**All information was obtained through our local multiple listing service.**