Dallas Home Sales Statistics Report for October 2011.

By Troy Corman, www.t2realestate.com


In the following, we compare October home sales in various Dallas neighborhoods versus October home sales in Dallas 2010. If you would like a report for your suburb or neighborhood, or would like to know what your home is worth, contact me for a free over-the-net estimate at troycorman@t2realestate.com or 214-690-9682.

Highland Park Homes & University Park Homes     

Average home price per sq. foot was $285.15 versus $298.24 in October 2010. 44 homes sold in 2011 versus 26 in 2010. Average days on market decreased by 31 days.


East Dallas Homes                 
Average home price per sq. foot was $150.75 versus $143.76 in 2010. 48 homes sold in 2011 versus 45 in 2010. Average days on market increased by 15 days. (mapsco page 36)
 
White Rock Lake Area Homes
Average home price per sq. foot was $156.11 versus $148.68 in 2010. 14 homes sold in 2011 versus 14 in 2010. Average days on market decreased by 50 days. (mapsco page 37)            

North Dallas (3 Bedrooms) Homes
Average home price for 3 bedroom homes was $143.74 versus $140.17 in 2010. 74 homes sold in 2011 versus 99 sold in 2010. Average days on market increased by 27 days.


Richardson Homes
Average home price per sq. foot was $84.90 versus $84.91 in 2010. 58 homes sold in 2011 versus 71 in 2010. Average days on market increased by 5 days.


Carrollton Homes
Average home price per sq. foot was $84.56 versus $80.68 in 2010. 88  homes sold in 2011 versus 78 in 2010. Average days on market increased by 13 days.


Plano Homes                              
Average home price per sq. foot was $92.06 versus $95.92 in 2010. 174 homes sold in 2011 versus 171 in 2010. Average days on market decreased by 5 days.

Frisco Homes                               
Average home price per sq. foot was $93.11 versus $92.34 in 2010. 152 homes sold in 2011 versus 160 in 2010. Average days on market decreased by 7 days.

Statistics are courtesy of the North Texas Real Estate Information System (NTREIS).

If you need to buy, sell or get a home leased, contact me at 214.690.9682, or email troycorman@t2realestate.com.






Troy Corman is the founder of t2 Real Estate LLC, a Dallas real estate firm providing specialized knowledge with a hands-on approach. Specialties include residential real estate brokerage, land and acreage, and commercial real estate services. Contact us today at 214.827.1200 if you need to sell, buy or get your DFW property leased.
Tweet

Retweet this button on every post blogger

Interactive Map (link) Of Dallas Area Home Sales 2nd Qtr. 2010

Dallasnews.com interactive map shows DFW home sales by area.

By Troy Corman, t2realestate.com

In our crazy local Dallas real estate market, high-end homes are moving while lower cost home sales are stagnant. According to Steve Brown's recent Dallas Morning News article, home sales in Park Cities are up 41% year-over-year, marking the first increase in over four years.

On this opposite end of the spectrum, sales in Desoto, Cedar Hill and Lancaster are down 25%, 17% and 16% respectively.

The Texas A&M Real Estate Center reports that median prices in North Texas are up about 2% compared to 2009.

So what do the well off know that we mere mortals don't know?

"Those that have money are buying because they think this may definitely be the time in terms of pricing," said Dr. James Gaines, an economist at the Real Estate Center. "And a lot of people who have money can't figure out where else to put it.

"They're looking around and thinking in the long run they might just as well put their money in a house they can live in and enjoy."

In this low interest rate and rising inflationary environment, it sounds like a great idea to me! 

Dallas Home Prices UP in Park Cities and East Dallas - Down In Oak Cliff.

University Park home prices August 2009 - 2010. Click chart for enlarged view.

Real estate is local, as they say. And these latest home price statistics from the Dallas Metrotex Association of realtors proves it. Year over year home prices are up in East Dallas and the Park Cities while Oak Cliff home prices are down substantially.

University Park home prices in August 2010 were up 5% year-over-year averaging $1,005,000.

East Dallas home prices in August 2010 were up 9% from $218,409 to $230,125.

Oak Cliff home prices declined 20% from 2009 to an average price of $57,900.

For a more detailed analysis, contact Troy Corman with t2 Real Estate