May 17, 2011

2011 to date Dallas Real Estate Stats

Year-To-Date statistics are in for April 2011 from the North Texas Real Estate Information Services.

Here is what they show:

North Dallas (south of LBJ, between Midway & Central):
Number of Sales: 178 ( down 4% from this time in 2010)
Average Sales Price: $763,169 ( up 3% )
Average Days on Market: 130 (up 5%)

Park Cities:
Number of Sales: 220 (up 7% from 2010)
Average Sales Price: $1,112,609 (up 7% )
Average Days on Market: 103 (down 4% )

Northeast Dallas (east of Central):
Number of Sales: 149 (down 7% from this time 2010)
Average Sales Price: $243,791 ( down 3% )
Average Days on Market: 74 ( up 21% )

Northwest Dallas (west of Midway):
Number of Sales: 129 ( down 16% from 2010)
Average Sales Price: $218,527 ( up 1% )
Average Days on Market: 96 ( up 33% )

Far North Dallas (north of LBJ to Plano, Central to Marsh):
Number of Sales: 224 (down 11% from 2010)
Average Sales Price: $310,768 (up 2% )
Average Days on Market: 94 (up 15% )

1 comment:

Jeff Duffey said...

Thanks for posting, as always. This definitely confirms my recent suspicions about our market. Less sales, longer time on the market. Interestingly, the sales prices have been increasing over the last 12 months, slowly, which is a bit counterintuitive. My guess is that the most updated homes are still catching the most buyers. And those buyers are willing to pay a little more for an above average home. Meanwhile, the homes that don't show well and/or need a lot of updating just sit around waiting for someone to "make an offer". It is these homes that account for the large increase in DOM.