Monthly Market Recap – June 2017 – Southlake Texas

Nicole Smith Woodard
Published on July 5, 2017

Monthly Market Recap – June 2017 – Southlake Texas

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 June 2017 vs. June 2016

78 homes sold in June 2017 in Southlake, Texas.  This is 6 more than the 72 homes that closed in June 2016.

  • The average sale price for the homes that closed in June 2016 was $828,644.
  • The average sale price for the homes that closed in June 2017 was $819,811.
  • The average market time (aka Days on Market) for the homes that closed in June 2016 was 84 days.
  • The average market time (aka Days on Market) for the homes that closed in June 2017 was 45 days.
  • The total amount of volume for the homes that closed in June 2016 was $59,662,368.
  • The total amount of volume for the homes that closed in June 2017 was $63,945,258.

Homes Under Contract For June 2017

There were a total of 73 homes under contract or sale pending through June 30, 2017.  The average market time for these homes was 46 days.  The average list price for the homes under contract was $844,056.

Current Southlake Texas Homes For Sale Inventory Levels

There are currently 214 homes on the market in Southlake Texas.  The average list price is $1,101,422.  The average market time for these homes is 98 days.  The market absorption rate as of June 30, 2017, was 2.7.  This means that if no other homes came on the market in Southlake, it would take a little under 3 months to deplete the remaining homes on the market. This is considered an “seller’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 – July 2017

 UTD Coding Camp

July 10, 2017, 8:00 AM - 10:00 AM – Staff from UTD will teach animation and games using Alice. Registration is required. 12 and up only. Students must attend all 3 classes to participate. This class meets July 10 – July 12, from 8 AM – 10 AM. Alice uses drag and drop programming, which means there is no room for syntax errors! You can convert your idea to code quickly and see it in action! You can code 3D animations or games with ease. Alice comes with a powerful graphics library that minimizes coding effort.  More Details

Lavender Class Image result for lavender clip art

July 27, 2017, 6:00 PM - 7:00 PM – Representatives from Lavender Ridge Farms, presenters of the annual Lavender Festival, in Gainesville Texas, lead a discussion on growing and using lavender.  More Details

Friday Flicks!

July 28, 2017, 2:00 PM - 3:30 PM – Come and relax at the library while watching a movie. Snacks provided. All ages.  More Details

PLANNING AHEAD:

Image result for free back to school clip art

Back-To-School InformationCarroll Independent School District

Carroll Independent School District

  • First day of school is Monday, August 28! Back-to-School information provides all the needed key dates, events and campus news for the start of school.  Click HERE for more information!

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 – June 2017” was provided by Nicole Smith with Keller Williams, 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.

 

Monthly Market Recap – June 2017 – Southlake Texas
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