Grapevine Real Estate Market Extends Downward Trend in Price Cuts

This week in the Grapevine market, sales inched up to 44 homes sold over the last 30 days, even with a budding downward trend in price reductions, with 48 in the same time frame. Potential buyers should note that prices are coming down in Grapevine, and for this period the median sales price slid from $314,949 to $294,950. The rising sales and a low two months of inventory point to Grapevine being a solid seller's market.

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Demographic facts for Grapevine:

  • The affordability rating here is 58. (Scale: 1 = Worst, 100 = Best)
  • The average precipitation is 33.9 inches per year. (U.S. average: 36.5)
  • The income per capita in this area is $40,308.
  • The school rating is 76. (Scale: 1 = Worst, 100 = Best)

Data reported through 10/12/2016

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Keller Williams
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Century 21 Tim Gauntt
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Century 21 Mike Bowman
Snapped 115 homes in this area

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