Mineral Wells TX Snapshot Residential Market Report for Week of 9/12/2011

This week I am providing a snapshot of residential real estate activity for our entire Palo Pinto County. This will give you an idea of what has happened in our market for the week beginning 9/12/2011 and ending 9/19/2011.

Currently at $84,900

Palo Pinto County has 378 active residential listings. Prices range as low as $4900.00 for a time share condominium to as high as $32,900,000.00 for a 3,290 acre ranch with four residences. The average days on market is 232 for these properties. The lowest day being 1 and the highest days being 1,525.

During the week we had 2 properties sell. One being in Possum Kingdom Lake and another in Mineral Wells. Prices were $14,200.00 and $165,000.00 respectively, with the average days on market at 100.

Currently we have 5 properties pending. These range from $33,500.00 up to $369,900.00. Only one of the propertes is a foreclosure at $48,900.00. The average days on market: 180

Total foreclosures for the county: 18
Prices range from: $22,500.00 to $695,000.00
Average Days on Market: 221

For properties with a contract that has some type of condition before it can go pending, we have 7. Prices range from $84,900 $135,000.00
up to $230,000.00. There are no foreclosures in this category.
The average day a home spent on the market: 218

As you can see, our rural county has had a busy week in real estate. If you have any questions or would like more information, please do not hesitate to contact me.