Our sales team at Montgomery Plaza put together a mid-year market update. Looks like things are not slowing down in the Fort Worth real estate market:
A Mid-Year Market Update
2014 continues to be busy here at Montgomery Plaza. The first half of the year has gone by quickly and we have seen a lot of sales activity in the Fort Worth real estate market.
Fort Worth condo prices continue to rise, driven by scarce inventory, high demand and year over year sales growth. Mortgage rates continue to be very low and the local Fort Worth economy has added many jobs increasing the desire to live in this thriving and growing city. Here at Montgomery Plaza, 2014 brings new sales records, including closing on 7 homes in the month of May alone.
In the Fall of 2013, we introduced our boutique, luxury offering, The Private Residences. These spacious homes located on the 7th and 8th floors of the East Tower have amazing views, private elevator access and more. We have seen great demand for these 14 preferred homes, with only 3 remaining since their introduction to the market.
As we enter our summer season, we continue to see great interest in our offering. We expect prices will continue to increase and that demand for urban luxury living in Fort Worth will stay strong. Given that we have already welcomed 26 new homeowners to our building in 2014, we expect many more to call Montgomery Plaza home later this year.
To find out more about ownership opportunities at Montgomery Plaza in Fort Worth, contact the onsite sales team.
Denise Edmondson, Licensed Broker & Tyler Pollock, Realtor
PowerPlay Texas Licensed Broker