Flower Mound Real Estate Market Recap May 2016

Nicole Smith Woodard
Published on May 6, 2016

Flower Mound Real Estate Market Recap May 2016

Real estate activity for the Dallas/Fort Worth area has been hot hot hot for the past 4 years! Home prices are rising all over the metroplex as noted here,  Averages are great, but it’s ideal to focus on specific communities.

Flower Mound RE Recap May 2016

Flower Mound Texas Real Estate Activity For April 2016 vs. April 2015

107 homes sold in April 2016 in Flower Mound, Texas.  This is 8 fewer homes than the 115 homes that closed in April 2015.

  • The average sale price for the homes that closed in April 2015 was $402,481.
  • The average sale price for the homes that closed in April 2016 was $396,441.
  • The average market time (aka Days on Market) for the homes that closed in April 2015 was 52 days.
  • The average market time (aka Days on Market) for the homes that closed in April 2016 was 40 days.
  • The total amount of volume for the homes that closed in April 2015 was 46,285,315.
  • The total amount of volume for the homes that closed in April 2016 was $42,419,187.

 

Homes Under Contract For April 2016

There were a total of 181 homes under contract or sale pending through April 30, 2016.  The average market time for these homes was 43 days.  The average list price for the homes under contract was $445,513.

 

Current Flower Mound Texas Homes For Sale Inventory Levels

There are currently 222 homes on the market in Flower Mound, Texas.  The average list price is $782,259.  The average market time for these homes is 105 days.  The market absorption rate as of May 1, 2016 was 2.  This means that if no other homes came on the market in Flower Mound, it would take 2 months to deplete the remaining homes on the market. This is considered a “seller’s” market.

 

Get an Advantage

How can both buyers and sellers have an advantage in the Flower Mound Texas real estate market?  Employ the services of a Flower Mound agent who has vast knowledge and experience in the market.

 

Find Flower Mound Homes for Sale

For a complete list of available real estate in Flower Mound Texas, visit Flower Mound Homes for Sale.  Make sure to subscribe to my blog so you don’t miss out on any Flower Mound homes.  Click here to find out what your Flower Mound Texas home is worth and to discuss your housing needs.

 

Special Events in Flower Mound – May 2016

Town Matters in Flower Mound

 

Friday, May 13 – Concert in the Park – 7-9pm — Journey Cover Band (Escape!)

Enjoy a perfect May evening listening to great music with friends. A different live band will entertain you each week; just bring a blanket or chair to relax on!  More details here.

 

Friday – Sunday, May 20 – Sunday, May 22 – in nearby Grapevine, check out the 32nd Annual Main Street Fest. Held along Main Street in Historic Downtown Grapevine, guests will experience new and returning favorites at this event, with a special emphasis on craft brew tasting experiences. The 32nd Annual Main Street Fest coincides with American Craft Beer Week. Main Street Fest offers a variety of amenities to make your experience at the festival more enjoyable, including complimentary shuttleshotel packages and much more. It’s sure to be a fun and enjoyable weekend experience for your whole family!

May 30, 2016 – Memorial Day Ceremony – 10am at Town Hall

The Town of Flower Mound invites the community to join together to remember fallen soldiers of war. Click here for more details.

 

For more information about news and events in Flower Mound, click here and subscribe to email updates.

______________________________

The above information regarding the “Flower Mound Texas Real Estate Market Recap – April 2016” was provided by Nicole Smith with Briggs Freeman Sotheby’s International Realty. Nicole has over 20 years of experience helping families buy and sell homes in the Dallas/Fort Worth area. If you’re thinking of selling or buying, she’d love to share her knowledge and expertise. 

The communities she proudly serves include Flower MoundSouthlakeGrapevineTrophy ClubKellerColleyville.

 

Flower Mound Real Estate Market Recap May 2016
Please use a valid email.
Please fill in all fields.
view now
close
Get A FREE Home Valuation!
LET'S DO IT!