Click here to link to the listing for 1397 Chestnut Cove Trail in Bent Tree. The 3 bed / 3½ bath home is priced at $649,000.
1397 Chestnut Cove Trail in Bent Tree (listing photo) – click photo to link to virtual tour
UPDATE – SALE PENDING
The 3 bed / 3 bath lake home at 141 Tamarack drive is on 1.44 acres and priced at $399,900.
141 Tamarack Drive in Bent Tree (listing photo – click photo for virtual tour)
Click here to link to the listing information for 63 Blue Surf Court in Bent Tree. The lakefront home is priced at $579,900.
63 Blue Surf Court in Bent Tree (listing photo)
At least 17 homes in Bent Tree have closed so far this year. At least 21 additional home sales were pending (as of yesterday).
As of yesterday afternoon, there were only three Bent Tree homes listed for sale that weren’t “under contract” or “pending”.
Here’s the explanation of a seller’s market from the Rocket Mortgage website:
A seller’s market arises when demand exceeds supply. In other words, there are many interested buyers, but the real estate inventory is low. Since there are fewer homes available, sellers are at an advantage.
In a seller’s market, homes sell faster, and buyers must compete with each other in order to score a property. These market conditions often make buyers willing to spend more on a home than they would otherwise. Therefore, sellers can raise their asking prices. Furthermore, the increased interest means that buyers rarely have the power to negotiate and are more willing to accept properties as-is.
Due to the shortage of housing, these conditions often lead to bidding wars. During bidding wars, buyers will make competing offers and drive up the price, typically above what the seller initially asked for.
The 2020 Bent Tree housing market continues to be strong, with 119 home sales hitting the books through last Friday.
Scenes from the past week in Bent Tree
April 15, 2020 – Lake Tamarack in Bent Tree
At least 34 Bent Tree homes have hit the books as sold so far in 2020. The prices ranged from $90,000 for a 1972 Lindal Cedar Chalet in need of TLC, to $425,000 for a lakefront home.
August 31, 2019 – Hole 1, Bent Tree Golf Club
This Bent Tree fact sheet is from 2011. Other than a few slight changes (i.e. restaurant name change, different email bulletins, additions of bocce and pickleball, transponders instead of barcodes), it is still accurate and is a handy reference.
2011 Bent Tree Fact Sheet (click image to link to pdf)