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Gaut Appraisal Blog

Cactus TX Real Estate Appraiser Market Focus
July 15th, 2013 6:12 PM

Cactus sits up in the Texas, Oklahoma Panhandle in Moore County. Located 54 miles north of Amarillo along U.S. Route 287, with a population of about 2,000 people, it lies just between Etter and Dumas, both also in Moore County.

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This small community started as a company town surrounding a factory that produced ammunitions for World War II. At the time it was only a section of land full of cactus and prickly pears, then cleared for the munitions factory and living quarters for employees, who at the time numbered 6,000. In 1946 the operations were taken over by Shell Union Oil and Gas, and the plant switched from munitions manufacturing to aviation gasoline. A few years later, only to be taken over again by Phillips, at which time much of the personnel were transferred to other manufacturing plants.

Today, 800 families make Cactus, Tx. their home. It is a quaint, small town, marking the epitome of Texas life, a place where everyone enjoys the wide open views of the Texas plains, and the neighbors still go by with their friendly “howdy.” Living in Cactus is like living in the country, except that your neighbors are a little closer. With a large metropolitan city like Amarillo being nearby residents enjoy peace and tranquility, but also have access to big city attractions like, shopping, dining and local Amarillo attractions like the, the American Quarter Horse Museum, the Amarillo Globe-News Center for the performing arts and the Cadillac museum.

Real Estate in Cactus Texas

Real estate in Cactus is rather limited, still there are some nice single homes available on the market. Home prices in Cactus range in price from $60,000 to $70,000, which is average in areas with median household incomes of about $25,000.

Cactus Texas and the surrounding Moore County were one of the few places unaffected by the housing crisis of the last few years. As a result there aren't many foreclosures in the area available. Still, as everywhere, people experience hard times and homes do go into foreclosure, or end up in the 'tax auctions.' Buyers can find these types of real estate deals in Cactus starting in the low $30,000s.

Amarillo TX Appraisal CompanyJohn B. Dudley, SRA is an SRA-designated commercial and residential appraiser, with 35 years experience. serving the Texas pandhandle, including Amarillo TX Canyon TX Hereford TX Pampa TX Dumas TX Panhandle TX Borger TX Claude TX Dalhart TX Friona TX.
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Posted by John Dudley on July 15th, 2013 6:12 PMPost a Comment

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