Jun 9, 2011

2011 Year to Date Dallas Real Estate Statistics

Residential real estate sales for our area are in from the North Texas Real Estate Information Services. Since the real estate markets are ultra local, here is a look at localized stats. You can see that painting a broad picture of the North Dallas market can be inaccurate because these areas are performing so differently - up 3% in one area and down 17% in another. Within these areas, the individual neighborhood statistics vary as well.

North Dallas (south of LBJ, between Midway & Central):
Number of Sales: 234 (up 8% from this time in 2010)
Average Sales Price: $765,455 (up 5% from 2010)
Average Days on Market: 119 ( same as 2010)

Park Cities:
Number of Sales: 296 (up 8% from 2010)
Average Sales Price: $1,128,345 (up 5% )
Average Days on Market: 95 (down 14%)

Northeast Dallas (east of Central):
Number of Sales: 210 (down 3% from 2010)
Average Sales Price: $245,569 (down 4% )
Average Days on Market: 74 (up 21% )

Northwest Dallas (west of Midway):
Number of Sales: 185 (down 14% from 2010)
Average Sales Price: $217,893 (down 2% )
Average Days on Market: 85 (up 29% )

Far North Dallas (north of LBJ to Plano, Central to Marsh):
Number of Sales: 293 (down 17% from 2010)
Average Sales Price: $321,194 (up 4% )
Average Days on Market: 93 (up 21% )
[where: 75230]

2 comments:

Bucks Landman said...

The reason for this is that Texas’ surf and turf topography, wide-open spaces, relaxed but varied lifestyle and wide-open spaces helped to attract buyers who were suddenly jaded with a cramped city lifestyle and wanted to put their money into Texas real estate that would be a sound investment from the start.
Texas Land For Sale

Sandy Fisher said...

Great information. I have the Dallas Real Estate market will pick up and be very lucrative