Nov 20, 2013

North Dallas home prices for November 2013

Home prices in North Dallas are up and still climbing in 2013. But let's take a closer look at our real estate market.

Often we look at real estate sales statistics and prices based on median averages for actual sales prices or price per square foot, but it doesn't always give a true reflection of the market. These charts show a break down of the home market in the North Dallas area between Northwest Highway and LBJ Freeway and bounded by Central Expressway and Midway Road.

The overall picture shows the average selling price per square foot is $199. That's up from a low of $183 a square foot one year ago. The average sales price is $509,000 which is up from $419,250 a year ago.

Here is a look at prices based upon average asking price. The look is a bit different. Click on the graph to see it larger.
We can also consider the age of construction - new vs. existing.
And here is a graph showing sales price of single family homes vs. attached properties.
All of these statistics are for just the North Dallas area. A look at the entire metroplex yields different results as well. I wanted to show you that there is a lot that goes into the mix when considering the value of your property.

No comments: