Troy Corman On Texas Real Estate: homes in university park

Sunday, June 3, 2012

Dallas Home Sales Statistics for May 2012

This East Dallas home in the m-streets at 6350 Malcolm has 1,589'. See More

The following are Dallas area home sold statistics for May 2012 versus homes sold in May 2011. If you're area isn't included, contact me at 214.690.9682 and I'll be happy to provide you a custom report.

East Dallas Homes May 2012 80 Sold $161 psqft. 125 CDOM

East Dallas Homes May 2011 90 Sold $157 psqft. 84 CDOM

White Rock Lake Area Homes May 2012 44 Sold $164 psqft. 70 CDOM

White Rock Lake Area Homes May 2011 29 Sold $156 psqft. 89 CDOM

Highland / Univ. Park Homes May 2012 69 Sold $309 psqft. 72 CDOM

Highland / Univ. Park Homes May 2011 69 Sold $305 psqft. 107 CDOM

Mesquite Homes May 2012 69 Sold $52 psqft. 65 CDOM

Mesquite Homes May 2011 103 Sold $47 psqft. 76 CDOM

Garland Homes May 2012 175 Sold $58 psqft. 71 CDOM

Garland Homes May 2011 198 Sold $60 psqft. 106 CDOM

Richardson Homes May 2012 109 Sold $92.5 psqft. 45 CDOM

Richardson Homes May 2011 94 Sold $84.5 psqft. 74 CDOM

Plano Homes May 2012 284 Sold $91 psqft. 54 CDOM

Plano Homes May 2011 260 Sold $92 psqft. 96 CDOM

Frisco Homes May 2012 255 Sold $97 psqft. 68 CDOM

Frisco Homes May 2011 203 Sold $93 psqft. 91 CDOM

Lewisville Homes May 2012 92 Sold $86 psqft. 76 CDOM

Lewisville Homes May 2011 98 Sold $84 psqft. 101 CDOM

Flower Mound Homes May 2012 119 Sold $98 psqft. 69 CDOM

Flower Mound Homes May 2011 104 Sold $98 psqft. 90 CDOM

Irving Homes May 2012 108 Sold $90 psqft. 92 CDOM

Irving Homes May 2011 121 Sold $86 psqft. 116 CDOM

Arlington Homes May 2012 244 Sold $64 psqft. 79 CDOM

Arlington Homes May 2011 249 Sold $60 psqft. 103 CDOM

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.

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Friday, March 16, 2012

Dallas-area Home Listings at 10-year Low.

This updated M-street home at 6350 Malcolm is a 2/1/2. Get more details.

Dallas Morning News article summarized by Troy Corman, www.t2realestate.com

Dallas Morning News real estate editor Steve Brown (@stevebrownDMN) , reported this morning that there are fewer bargain buys available for north Texas home buyers. Industry experts think we've passed the bottom of the real estate market in north Texas. Demand is now outstripping supply in many north Texas suburbs, as the overall number of pre-owned homes for sale in Dallas is at a 10-year low.

Supply of homes for sale in Frisco, Plano and Grapevine are at 3 months, 3 months and 2.5 months respectively. A balanced market is considered a 6-month supply. Above that level is considered a buyer's market, while below the 6-month level is generally considered a seller's market.

Even homes in University Park and Highland Park are selling at a faster clip than the area average, as these Park Cities homes are now selling 30% faster than in 2011.

Generally, more homes are listed for sale in March, but so far, that hasn't been the case. With better news about the DFW real estate market, more sellers could enter the market. Also, just this week, the interest rate on the 10-year bond spiked, which is tied to long-term mortgage interest rates. If mortgage rates begin to rise, look for the market to heat up, as buyers realize they'll have to pay more, the longer they wait.

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