Sales were off again in November along with pending sales. The number of active listing continues to decline. If you look at the average sales price for the year to date you will see that it is flat. The supply is still a little high.
FOR THE WEEK OF 12/22/2008 TO 12/28/2008
NEW LISTINGS:9 AVERAGE LIST PRICE: $273,400 SOLDS: 6 AVERAGE SALES PRICE: $284,800 DAYS ON MARKET: 73
FOR THE MONTH OF NOVEMBER:
SOLDS: 54 a 36% decrease AVG. SALES PRICE: $337,933 a 7% increase PENDING SALES: 41 a 37% decrease NEW LISTINGS: 88 a 15 decrease ACTIVE LISTINGS: 450 a 7% decrease DAYS ON MARKET: 78
There is currently a 5.8 months supply on the market.
FOR THE YEAR TO DATE THROUGH NOVEMBER:
SALES: 864 a 28% decrease AVERAGE SALES PRICE: $341,612 a 0% increase MEDIAN SALES PRICE: $272,000 a 1% decrease NEW LISTINGS: 1,629 a 20% decrease
ZIP Codes: 75240, 75254, 75248, 75252, 75287, 75001 Approximate Location Boundaries: City of Dallas north of LBJ Freeway, The City of Addison, and the are of the City of Plano west of Coit Rd. and south of FM544. MLS area 10
Location Characteristics: For information on this area please go to my web site and click on The Community Info/Links button.
About Marie Walton:
As a lifelong resident of the area, a graduate of Richardson High School and S.M.U., I bring a unique perspective to my clients. I saw many of the homes I now sell being built and the neighborhoods around them develop. My knowledge of the area combined with my many years of experience and the professional designations I hold, assure my clients of the utmost in professional services, dedication to duty, and respect for the fiduciary responcibility I have to them.
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
