January 2011 DFW Home Sales Activity Report

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Agents,

According to Texas A&M Real Estate Center Stats, Denton County, area 31 & 41 is holding strong with a balanced market for both sellers and buyers!!!!

Sincerely,

Mona Price

Business Development Representative

1173 Bent Oaks Dr.

Suite #101

Denton, TX  76210

940-380-8822 Office

940-380-8825 Fax

940-536-9333 Cell

www.freedomtitleoftexas.com

--

Leeza Morris, REALTOR®
Certified Negotiation Expert
MBA, GREEN, e-PRO®, SFR
Broker Associate, Keller Williams Realty
Cutting edge paperless & mobile real estate solutions for you

cel/txt. 940 391-5080
fax: 940 382-2773
2434 Lillian Miller Parkway
Denton, TX 76205
www.LeezaMorris.com

Denton TX: Relationship between Median Price and Homes Inventory over the last 3 years

Predictions: Inventory Levels to Rise, Followed by Rise in Median Price

Real-Time Real Estate Market Data from Altos Research LLC: "

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Related articles

• Top 15: America's Most Affordable Cities (abcnews.go.com)

Median Price Comparisons of 4 DFW cities: Denton, Carrollton, Addison and Dallas

Real-Time Real Estate Market Data from Altos Research LLC: "

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Dallas Market's Dueling Trends

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Pricier houses' sale and price gains drive up Dallas' median sales price for 2010, but market for most homes fell

By STEVE BROWN
Real Estate Editor
Published 20 January 2011 08:24 PM
More on this story

If you just go by the numbers, 2010 was a good year for Dallas-area home prices.
The median price of area homes sold by real estate agents rose 4 percent from a year earlier, according to Multiple Listing Service reports.
But the increase in home prices had more to do with what kind of homes folks bought last year — more expensive houses and fewer modest homes, a closer look at the numbers shows.
"Activity slowed much more dramatically at the entry-level price points than in the upper-level price points in the post-tax credit era," said Ted Wilson of Dallas-based housing analyst Residential Strategies. "Thus, with lower activity on the entry level and increased activity at the higher prices, the median price has shifted higher."
Wilson said home sales prices in most areas actually "inched lower" in 2010.
"This is not surprising since the inventory of homes for sale increased after the tax credit expired," he said. "Excess inventory in any industry usually leads to some discounting or price reduction."
But you can't tell that by just looking at the price maps.
Median home prices were higher in 29 of the 46 Dallas-area residential districts The Dallas Morning News tracks each quarter. The data to make the comparisons comes from the Real Estate Center at Texas A&M University and North Texas Real Estate Information Systems.
Across the area, sales of houses priced at $250,000 and above rose 3.4 percent from a year ago, sales data shows, while purchases of more modest properties declined about 13 percent.
"Yes, no doubt some of the increases in overall price levels are attributable to the rebound in middle and upper-end market and decline in lower-end, first-time market," said Dr. James Gaines, an economist with the Real Estate Center.
Gaines said that home values in North Texas are taking a hit from foreclosures, which were at record levels in 2010.
"What we're seeing is that nondistressed home sales are trending up in value at just under 'normal' rates of increase, but the distressed sales — as best we can identify them — are falling in prices," he said.
The biggest price declines last year were in areas with lots of home foreclosures, including Cedar Hill, Oak Cliff , Garland and Northwest Dallas.
Home sales numbers for 2010 are easier to figure out.
The number of pre-owned home purchases dropped in almost every area.
The only neighborhoods that saw significant increases in home sales were pricey districts where monied buyers were snapping up bargains.
Home sales jumped 30 percent in North Dallas, 29 percent in the Park Cities and 23 percent in Westlake-Trophy Club compared with 2009.
For all of the Dallas area, sales of pre-owned single-family homes fell about 8 percent in 2010 from 2009
LINK TO INTERACTIVE MAP: http://www.dallasnews.com/business/area-home-sales/index.jsp


____________________________________________________________
Brad Boswell

ViewPoint Mortgage
1201 W 15th Street Suite 301
Plano, TX 75075
Phone: 972-333-3232 | Fax: 972-943-7112
Email:thebradboswellteam@viewpointmortgage.com
Web: http://www.viewpointmortgage.com

via
--

Leeza Morris, REALTOR®, MBA, GREEN, e-PRO®, SFR
Broker Associate, Keller Williams Realty
Cutting edge paperless & mobile real estate solutions for you

cel/txt. 940 391-5080
fax: 940 382-2773
2434 Lillian Miller Parkway
Denton, TX 76205
www.LeezaMorris.com

Don't be fooled by national "bad" real estate market news

Corinth, TX - Don't be fooled by the national real estate market news! Residential Real Estate Market in Corinth, TX - a small suburbian town, located just south of Denton, TX and about 40 miles north of Dallas, TX - is robust! Median For Sale vs. Median Sold graph is a proof of it. These are the latest data taken from NTREIS - North Texas Real Estate Information System also known as NT MLS. Look at the graph - the spread between the red and green columns is shrinking. This simply means that while the median price of homes for sale in Corinth, TX may have stayed the same relative to last year (these data cover 12 months period) the SOLD homes in Corinth, TX show the increase of median price of homes sold in Corinth, TX by 16%! Whether it is a direct result of Federal Tax Credit or a combination of factors (recovering economy, great schools - Hawk Elementary, Crownover Middle, Guyer High to name a few) remains to be seen. If you are in the market to buy a home in Corinth, TX - be aware that homes for sale in Corinth, TX that are priced at or bellow the market value and in superb condition will not be there for you later in the summer. Corinth, TX home owners, on the other hand should also know the stats and data to make their decision on pricing and preparing the property for sale. Once you realize that the open real estate market drives the prices, get your home in excellent condition (the buyers make their decisions in the first 8 seconds of being in the home) you will sell your home and move on to better, bigger (or smaller :-) things in life!

Click on banner to view 1-minute real estate market update for February 2010, Corinth, TX included

Click on banner, chose NTREIS (north tx mls) for local information. Corinth, TX is part of NTREIS.

February 2010 Real Estate News

FEBRUARY-2010 Housing Trends eNewsletter

Welcome to the most current Housing Trends eNewsletter. This eNewsletter is specially designed for you, with national and local housing information that you may find useful whether you’re in the market for a home, thinking about selling your home, or just interested in homeowner issues in general.


The Housing Trends eNewsletter contains the latest information from the National Association of REALTORS®, the U.S. Census Bureau and Realtor.org reports, videos, key market indicators and real estate sales statistics, a video message by a nationally recognized economist, maps, mortgage rates and calculators, consumer articles, plus local neighborhood information and more.

Please click here to view the FEBRUARY-2010 Housing Trends eNewsletter.



If you are interested in determining the value of your home, click the Home Evaluator link for a free evaluation report.

Corinth TX homes for sale Market Data

Homes for sale in Corinth TX: Please take a look at these two graphs of real estate activity in Corinth, TX. They reflect a two year span. Fewer home owners list their homes. Average days on the market is at the lowest in two years in Corinth, TX. If you are thinking this is a bad market but you need to sell (or move up) this might be a perfect time. In spite of holidays, buyers are out there looking and they have fewer option than ever in the last 2 years.

Corinth, TX Market Update

It takes on average 7.4 months to sell a home as of today in Corinth, TX. This number is called absorption rate and based on current homes for sale availability and homes sold last 30 days. What it means is that to sell a home quickly you must underprice it by 5-10% minimum relative to what is available. Overpricing a property - will put you at risk to be on the market beyond 7 months.

Corinth-Denton Texas 76210 Real Estate Report

The popular and growing area of South Denton and Corinth - is featuring 286 homes available for purchase. 19 of them are foreclosures. Click here to view properties for sale in 76210 (Corinth, TX); click here to view properties for sale in 76210 (Denton, TX). Both Lake Dallas and Denton ISD serve this area.

Corinth Texas Reale Estate Activity December 3rd, 2008

Corinth, TX currently offers 149 homes for sale (excluding homes for sale by owner, aka FSBO). 31 properties are under contract pending - or 17% of properties are successfully selling.

• 69 of these homes for sale are under $200,000
• 27 of these homes for sale are under $150,000
• the average list price per square foot in the under $150K homes is $75/sq.ft.
• the average days on market 87
• there are 10 foreclosures in Corinth, TX - representing 6.7% of total offered
• there are 10 new construction homes for sale in Corinth, TX real estate market
• there are 3 short sale opportunities in Corinth, TX

If you have not yet picked an agent, call me and my team will assist you in finding a property in Corinth, TX or surrounding towns. We know the market and know where the deals are.

Real Estate in Corinth TX: last 30 days

Looking at Sold home inventory in Corinth, TX for the last 30 days - I can tell you the real estate market in Corinth and Denton is alive - 16 homes were sold in Corinth, TX and 46 in Denton, TX. Based on NTREIS data a family can own a 2,200 sq ft home for about $175,000 in Corinth, TX. The priciest home sold was $270K for 3,000+ sq. ft. If you are looking to buy a home in Corinth, TX - act now -  6 foreclosure properties are available for sale in Corinth, TX. 

Inventory stays level

The approach of election reduces market activity, however Corinth, TX does not see a significant drop or inclrease in homes for sale inventory. Currently, 160 homes are available for sale. 25 or 13% of total available for sale properties are currently pending with an averalge of $69 per square foot of listing price. Sales price is not yet recorded. Looking at the stats in a simple manner you can say that if you want your home sold price it at about $69/sq. ft. give and take depending on property condition, location, size, age, etc.

June 2008 Market Update for Corinth, TX

The past month sales of single family homes definetely picked up and you will see this from the numbers.

Corinth, TX

Active:
Active listings: 188
Pending: 20
Under Option: 24
Sold: 40
Inventory accumulation: 4.7 months

SOLD:
Average $ per square foot: $75
Maximum sales price: $321,000
Average Days on the market: 66
Average Sales Price: $174,925
Average Sales Price to List Price ratio: 98%

Pending:
Total Pending: 20
Average List Price: $182,155
Average Days on the market: 73

Neighboring Denton, TX Market Report