Part III Dallas Housing Numbers for January 2012

Part III Dallas Housing Numbers for January 2012

Since there was a fair amount of interest in yesterday’s blog that provided January 2012 housing statistics for Collin County, today follows with similar information for Dallas and a few surrounding areas.

Again, the numbers are all over the page and vary by city.  As you review the information below for January 2012 (as compared to January 2011) you may be reminded of the term “location, location, location” as it applies to Real Estate.                                                                                    

                     New Listings       Sales Closed          Avg Sales Price         Avg Days on Market

Dallas NE        -35.7%                  -35.2%            $219,866/+59.2%           139/+14.9%

Dallas North     +3.3%                no change        $537,916/+30.9%            118/-13.6%

Dallas NW         -2.7%                  +50%             $193,195/+4%                 111/-3.4%

Park Cities       -29.4%                 +2.8%           $1,134,852/+16.4%          105/-29.8%

Uptown           -15.1%                  -4%                $220,639/-44.6%             121/-30.5%

White Rock      -4.4%                   +2.1%             $223,123/-9.6%               117/-2.1%

 

Addison          -3.6%                   +5.4%              $284,425/+14.7%           114/+6.8%

Carrollton/       

Farmers Branch -22%                +45.5%             $173,377/-8.3%               98/+12.5%

Garland            -19.9%                +5.6%               $94,291/-13.9%             102/-12.5%

Plano               -4.5%                   +2.3%              $240,929/-10.7%            105/-6.7%

Richardson       +4.7%                 +22.5%            $160,765/+4.1%             110/+28.5%

 

Again, for any new readers I must offer the same caveats offered in the last 2 blogs:  The statistical data above is taken from reports provided by the Collin County Association of Realtors.  It is accurate information and, it is a snap-shot comparing one month over the same month last year.  Trends can really only be analyzed over a longer period of time so be careful about drawing conclusions based on this one month’s information.  Also, the number of home sales in your city could be down, but the actual number of homes sold in your subdivision may be up or vice versa.  The same could apply to the average sales price or other categories listed above.  If your city is not mentioned or you’d like specific information about your neighborhood, call me and I can research it for you.

Now back to the original question: When is it right to buy?  While market data is important in influencing your readiness to buy or sell, more important is knowing your own criteria and knowing when you will be ready.  Whether your motivations are personal factors, market data, or both...I’d like to help, call me.

  

Sandy Setliff is a Realtor® with JP and Associates Realtors®.  She specializes in residential real estate sales in McKinney, Allen, Frisco, Anna, and Melissa, Texas. She can be reached at 214 620 1615 or via email at sandysetliffhomes@gmail.com.



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Dated: February 29th 2012
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