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.
Southlake, Texas * Real Estate Activity For April 2017 vs. April 2016
46 homes sold in April 2017 in Southlake, Texas. This is 15 fewer than the 61 homes that closed in April 2016.
- The average sale price for the homes that closed in April 2016 was $779,304.
- The average sale price for the homes that closed in April 2017 was $904,892.
- The average market time (aka Days on Market) for the homes that closed in April 2016 was 43 days.
- The average market time (aka Days on Market) for the homes that closed in April 2017 was 80 days.
- The total amount of volume for the homes that closed in April 2016 was $47,537,544
- The total amount of volume for the homes that closed in April 2017 was $41,625,032.
Homes Under Contract For April 2017
There were a total of 105 homes under contract or sale pending through April 30, 2017. The average market time for these homes was 89 days. The average list price for the homes under contract was $851,712.
Current Southlake Texas Homes For Sale Inventory Levels
There are currently 181 homes on the market in Southlake Texas. The average list price is $1,130,744. The average market time for these homes is 94 days. The market absorption rate as of April 30, 2017, was 3.9. This means that if no other homes came on the market in Southlake, it would take a little under 4 months to deplete the remaining homes on the market. This is considered an “buyer’s” market.
Get an Advantage
How can both buyers and sellers have an advantage in the Southlake Texas real estate market? Employ the services of a local Southlake real estate agent who has vast knowledge and experience of the market.
Find Southlake Homes for Sale &/or Sell Your Southlake Homes
For a complete list of available real estate in Southlake, visit Southlake Homes for Sale. Make sure to subscribe to my blog so you don’t miss out on any Southlake homes. Click here to find out what your Southlake Texas home is worth and to discuss your housing needs.
Check out 25 Reasons to Visit Southlake!
Special Events in Southlake – May 2017
May 27, 2017, 8:00 PM – 9:30 PM @ Rustin/Family Park
Arts Council Northeast and the City of Southlake are pleased to present Derek Anthony for a FREE family friendly concert featuring new Country Music. Don’t forget to bring your lawn chair or blanket. Coolers are welcome however glass and alcohol are not permitted. Derek can best be described as a contemporary country style with some traditional taste of country music embedded into his sound and feel. Derek’s live performances are high energy with extensive crowd interaction. His band “The D-Train Band” is one of the strongest bands in the country genre – a must see. For more info on FREE upcoming concerts visit www.CityofSouthlake.com/Events or contact 817-748-8019 for more information.
The above information regarding the “Southlake Texas Real Estate Market Report – April 2017” 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.