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4 bedrooms, 3.5 baths, approx 2634 sq. ft.

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January 2012 Real Estate News

(and commentary)

 

December 2011 Home Market Update

Year to Date

General North Central Texas Information:
Number of Homes Sold: 64,249 0%
Average Price: $196,862 +1%
DOM (Average Number Days on Market): 88 +12%

Compared to This Month Last Year:

Number of Houses Sold:
North Dallas 63 +19%
Plano 226 +15%
Carrollton 115 +32%
Richardson 68 -1%
Frisco 190 -6%
Allen 84 -9%

Average Sales Price:
North Dallas $309K -3%
Plano $270K +3%
Carrollton $195K +5%
Richardson $163K -12%
Frisco $298K -3%
Allen $241K -6%

Average Number of Days on market (DOM):
North Dallas 114 +23%
Plano 95 +6%
Carrollton 81 +3%
Richardson 91 +23%
Frisco 67 -29%
Allen 68 -14%

Number of New Listings:
North Dallas 71 +6%
Plano 152 -31%
Carrollton 110 -20%
Richardson 51 -28%
Frisco 152 -19%
Allen 78 -9%

Number of Active Listings:
North Dallas 312 -31%
Plano 703 -30%
Carrollton 428 -31%
Richardson 237 -33%
Frisco 691 -32%
Allen 270 -29%
 

  Commentary

 

Very interesting. If you are even close to the "Newsaholic" that I am, you can't help but have heard whispers of an improving housing market; if not the entire economy as a whole. All I can say is Hallelujah if it's true!

After 4 years of negative economic news, I can do with something P O S I T I V E! That said, the month of December 2011 for our area simply looks like the same 'ol, same 'ol. There's nothing new there.

After having been in the Real Estate Biz for 15 years, I have learned that a media that writes articles for a national audience doesn't necessarily reflect all areas of the US equally. They often speak in broad generalities. Dallas is not Orlando, or Las Vegas, or CA afterall. We have not be devastated as those areas have been. Therefore our recovery (whatever that will look like); just as our loss, will be much more subtle; and that is a very good thang'.

 
If you are looking to buy a home, I can help you find the home you are looking for that is as close to perfect as perfect can be. If you need to sell your home, I will sell it for you in the least amount of time, for the most money possible, and with as little inconvenience to you and your family as I can manage. REMEMBER: Anyone can put a sign in front of your house, BUT I'll get it SOLD!

If you have questions, call me. There is never any cost or obligation!

Dennis Baum
Keller Williams

18383 Preston Road
Dallas, TX 75252
www.baumrelo.com

 

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