Cowtown’s Neighborhoods Already Feeling The XTO Exodus

5128 Colinwood was built in 2014

5128 Collinwood Avenue in the Fort Worth Cultural District is part of the XTO Energy exodus (Photos: Trey Freeze Media)

This past June, Exxon Mobil Corporation announced it will move 1,600 of its XTO Energy employees from Fort Worth to the Houston Area.

This news sent shock waves through the Cowtown community.  While many of us will grieve friends and family who will be leaving the area, new commercial and residential inventory will be a much needed boost to the real estate market.

Painted cabinets, double oven gas range at 5128 Collinwood Ave.

5128 Collinwood Avenue has an open floor plan with stylish selections

Sad For Families, Good For Real Estate

This recent build at 5128 Collinwood Avenue is one of the first homes owned by an XTO Energy employee to be listed for sale. The sellers realized that within the next 12 months many homes will be on the market so they decided to go ahead and sell.

“We have already found a home in the Houston area,” said the seller. “We decided to be proactive and put our home on the market and get it sold.”

Not that there should be an issue with more inventory available in the Fort Worth home market. Currently the days on market and the number of available homes for the Cultural District of Fort Worth is extremely low.

The study with a stylish blue barn door makes 5128 Collinwood a very attractive home

Newer Home in Classic Neighborhood

This particular home was built in 2014 by a local builder, and features many upgrades and stylish selections. The home is 2,453 square feet, has hardwood floors, high ceilings, the ever-popular open floor plan, four bedrooms, three-and-one-half bathrooms, and a fantastic swimming pool and spa.

Pool, spa and mature shade trees make the backyard of 5128 Collinwood an oasis of tranquility.

Located blocks away from the historic Camp Bowie Blvd., neighborhood parks, local shops and stores, this home is perfectly situated. While the Cowtown community is sad to see a beloved Fort Worth company leave in XTO Energy and even more distraught with saying “goodbye” to many good people, the homes left behind won’t last long on the market, especially if they are as attractive as 5128 Collinwood Avenue. It’s priced at $535,000 and listed by Seth Fowler of Williams Trew Real Estate.

Don’t worry Dirty Readers … I’ll get back to my series on affordable homes in D/FW soon enough. Thanks for all your emails and calls!

Well that’s all from Tarrant County this week, Dirty Readers. Remember, if you have comments, questions, or ideas for future stories – I’m always here to listen!  Bring it.

Seth Fowler is a licensed real estate sales professional with Williams Trew Real Estate in Fort Worth.  Statements and opinions are his own.  Seth has been involved in the home sales and real estate business in DFW since 2004.  He and his family have lived in the Fort Worth area for over 14 years.  Also, Seth loves bow ties.  You can reach Seth at 817.980.6636 or seth.fowler@williamstrew.com.

One Comment

  • mm

    Seth: great house, love the kitchen. I’m working from northern California this week and a 19 year old college girl gasped when I showed her this: “you can get houses for half a million in Texas?” she asked incredulously!