SOUTHLAKE, TEXAS MONTHLY MARKET RECAP MARCH 2017

Nicole Smith
Published on April 6, 2017

SOUTHLAKE, TEXAS MONTHLY MARKET RECAP MARCH 2017

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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 March 2017 vs. March 2016

45 homes sold in March 2017 in Southlake, Texas.  This is 14 more than the 31 homes that closed in March 2016.

  • The average sale price for the homes that closed in March 2016 was $778,483.
  • The average sale price for the homes that closed in March 2017 was $764,983.
  • The average market time (aka Days on Market) for the homes that closed in March 2016 was 72 days.
  • The average market time (aka Days on Market) for the homes that closed in March 2017 was 78 days.
  • The total amount of volume for the homes that closed in March 2016 was $24,132,973.
  • The total amount of volume for the homes that closed in March 2017 was $34,424,235.

 

Homes Under Contract For March 2017

There were a total of 79 homes under contract or sale pending through March 31, 2017.  The average market time for these homes was 99 days.  The average list price for the homes under contract was $924,787.

Current Southlake Texas Homes For Sale Inventory Levels

There are currently 154 homes on the market in Southlake Texas.  The average list price is $1,128,144.  The average market time for these homes is 102 days.  The market absorption rate as of March 31, 2017, was 3.4.  This means that if no other homes came on the market in Southlake, it would take a little over 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 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 – April 2017

EASTER IN THE PARK – Saturday, April 8 – 9:00 AM – 12:00 PM

North Park, 200 East Dove Road, Southlake *FREE EVENT!*

The Easter Bunny is preparing over 30,000 candy and toy-filled eggs for this year’s annual egg scrambles sponsored by Gateway Church.  Mr. and Mrs. Easter Bunny are making a special trip to Southlake to create lasting memories through fun activities and photo moments.  For more information click HERE

ART IN THE SQUARE – Friday April 28-Sunday April 30

Southlake Town Square will once again be a showcase of visual arts, live music, children’s activities, and delicious food and drinks during the 18th Annual Art in the Square. Hosted by Southlake Women’s Club, the community fundraiser benefits Tarrant County charities and features more than 150 national and local artists presenting a palette of beautifully crafted paintings, drawings and sculptures. Admission and parking for the event is free of charge.

EVENT HOURS For 2017 * Friday, April 28, 4:00 pm – 10:30 pm * Saturday, April 29, 10:00 am – 10:30 pm * Sunday, April 30, 11:00 am – 6:00 pm

http://www.artinthesquare.com/

 

For more information about news and events in Southlake, subscribe to My Southlake News, and for ongoing information about Carroll ISD, check this out.

 

The above information regarding the “Southlake Texas Real Estate Market Report – March 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. 

The communities she proudly serves include Flower MoundSouthlakeGrapevineTrophy ClubKellerColleyville.

 

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SOUTHLAKE, TEXAS MONTHLY MARKET RECAP MARCH 2017
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