Flower Mound Texas Real Estate Market Report – November 2016

Nicole Smith Woodard
Published on November 2, 2016

Flower Mound Texas Real Estate Market Report – November 2016

Real estate activity for the Dallas/Fort Worth area has been breaking records for the past 4 years!

What’s going on in Flower Mound right now?

Flower Mound is a fantastic community to Live, Work & Play!

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

  • 76 homes sold in October 2016 in Flower Mound, Texas.  This is 24 fewer homes than the 100 homes that closed in October 2015.
  • The average sale price for the homes that closed in October 2015 was $$374,541.
  • The average sale price for the homes that closed in October 2016 was $425,459.
  • The average market time (aka Days on Market) for the homes that closed in October 2015 was 47 days.
  • The average market time (aka Days on Market) for the homes that closed in October 2016 was 55 days.
  • The total amount of volume for the homes that closed in October 2015 was $37,454,100.
  • The total amount of volume for the homes that closed in October 2016 was $32,334,884.

Homes Under Contract For October 2016

There were a total of 110 homes under contract or sale pending through October 31, 2016.  The average market time for these homes was 54 days.  The average list price for the homes under contract was $467,075.

Current Flower Mound Texas Homes For Sale Inventory Levels

There are currently 227 homes on the market in Flower Mound.  The average list price is $709,020.  The average market time for these homes is 100 days.  The market absorption rate as of October 31, 2016 was 3.  This means that if no other homes came on the market in Flower Mound, it would take around 3 months to deplete the remaining homes on the market. This is considered an “equilibrium” 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 &/or Sell Your Flower Mound Home

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 – November 2016 

Take advantage of all of the events our wonderful Parks & Recreation Department has planned for the community this fall. Find details and schedules here. 

Tuesday, November 8 – Be Sure to VOTE!  This is our American privilege.  Find out where to vote here.

Friday, November 11 – 9am – Veteran’s Day Relay Run – This event provides veterans and their family members the opportunity to run a portion of a pre-determined route throughout Town, carrying the American flag.  More Information & Registration

Fridays in November – 7pm to 9pm – Lakeside DFW Music Series – Enjoy this fall weather as you gather on the lawn with your family and friends listening to great music and enjoying music Sandy Sue’s BBQ Truck on 11/4, and others throughout the month. Music Series Details 

Planning Ahead:

Saturday, December 10 – 27th Annual Christmas Parade & Tree Lighting Details here

Business Spotlight – Bottle & Bottega

 If you’re looking for something fun and creative to do with your family, business associates, or just by yourself – check out the fun at Bottle & Bottega in Lakeside DFW.  Some times and projects are specific to family friendly art and activities, other times it’s hailed as “One part artistic adventure, one part cocktail party, it’s not just art… it’s an art party!” Check out their calendar now & book it! Click Here to “Like”!

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

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The above information regarding the “Flower Mound Texas Real Estate Market Recap – November 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 Texas Real Estate Market Report – November 2016
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