Dallas Real Estate Report - 1st half of 2013

This continues to be the year of real estate recovery. Check out the record performance in this fantastic graph. Yes, that blue line at the top of the chart is 2013.

I remember about 3 years ago when Britt Fair of Hexter Fair Title told a group of agents that 2013 would come back with a vengence. We all thought it would happen sooner and the recovery would be more gradual. Britt was right as usual.

A closer look at the North Dallas market shows strong sales as well. The statistics speak for themselves:

North Dallas ( Northwest Hwy to LBJ, Central to Midway)

First half of 2012 Average Sales Price: $710,574
First half of 2013 Average Sales Price: $807,671

First half of 2012 Number of Sales: 344
First half of 2013 Number of Sales: 466

July 1, 2012 current # of homes for sale: 380
July 1, 2013 current # of homes for sale: 291

Park Cities/North Dallas ( Northwest Hwy to Uptown, Central to Midway/Lemmon)

First half of 2012 Average Sales Price: $1,089,093
First half of 2013 Average Sales Price: $1,204,707

First half of 2012 Number of Sales: 435
First half of 2013 Number of Sales: 429

July 1, 2012 current # of homes for sale: 344
July 1, 2013 current # of homes for sale: 245
[where: 75230]