Real Estate Flower Mound, Highland Village and Denton

Tuesday, April 29, 2008

The Latest Data on Corinth, TX real estate situation

It's a peak time for buyers and sellers to make deals and move on with their lives. Corinth, TX is growing and there is no signs of slow down. Serviced by Denton ISD as well as Lake Dallas ISD, Corinth is a great choice for homes with children. Separately from FSBO (for sale by owner - I estimate 10% more available thru FSBO) there are 189 properties active for sale with 4 new this week. The most famous mansion is $72Mil for sale on 1851 Turbeville is back on the market. Drive by if you have not seen this unique place built seemingly out of place but nonetheless is now our small town major attraction. 13 out of these 189 properties are under option* (the buyer may still back out for any reason and the seller may still accept back up offers). The average days on the market is 99 days for option properties and 89 for the rest .

Pending contract properties this month: 18 (up from last month)
Sold this month: 19
Average days on market for SOLD: 72
Average price per sq. foot: $76
Average sales price: $169,889
Sales price to list price ratio: 98%

Information is deemed to be reliable but not guaranteed. It is derived from NTREIS.