Southlake Real Estate Market Recap October 2017

Nicole Smith Woodard
Published on November 3, 2017

Southlake Real Estate Market Recap October 2017

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 October 2017 vs. October 2016

  • 30 homes sold in October 2017 in Southlake, Texas.  This is 4 fewer than the 34 homes that closed in October 2016
  • The average sale price for the homes that closed in October 2016 was $808,467.
  • The average sale price for the homes that closed in October 2017 was $833,800.
  • The average market time (aka Days on Market) for the homes that closed in October 2016 was 98 days.
  • The average market time (aka Days on Market) for the homes that closed in October 2017 was 116 days.
  • The total amount of volume for the homes that closed in October 2016 was $27,487,878.
  • The total amount of volume for the homes that closed in October 2017 was $25,014,000.

Homes Under Contract For October 2017

There were a total of 44 homes under contract or sale pending through October 31, 2017.  The average market time for these homes was 68 days.  The average list price for the homes under contract was $898,056.

Current Southlake Texas Homes For Sale Inventory Levels

There are currently 163 homes on the market in Southlake Texas.  The average list price is $1,097,905.  The average market time for these homes is 116 days.  The market absorption rate as of October 31, 2017, was 4.8.  This means that if no other homes came on the market in Southlake, it would take a little over 4.8 months to deplete the remaining homes on the market. This is considered a “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.

Special Events in Southlake – November 2017

Nutcracker Short and Suite Nov 16, 2017, 07:30 PM – 09:00 PM White’s Chapel United Methodist Church Apex Arts League and the Avant Chamber Ballet present the holiday classic, Nutcracker: Short and Suite in Southlake with a cast of professional dancers and live music. This season’s production is a family-friendly one-hour holiday celebration with all your favorite characters! Price: $20 Adults. $15 Seniors, Students and Apex Members. Southlake Christmas Tree Lighting Saturday, November 18, 2017, 4:30 PM – 8:30 PM Gather together to witness Southlake’s Home for the Holidays Annual Tree Lighting.  This event and all the activities are free for the whole family to enjoy! The holiday festivities begin at 4:30 PM with the Tree Lighting Ceremony at 6:00 PM. Discover the holiday magic at every turn.  Find ways to give back to your community.  Get a head start  on your holiday shopping.  Spend precious moments with loved ones.   Bring a can of food for our annual Christmas is for Children food drive. Christmas is for Children – Toy and Food Drive Christmas is for Children November 18th – December 23rd The Southlake Fire and Police Departments are again participating in this year’s Christmas is for Children program and you can participate too. CIFC prides itself on providing a complete Holiday memory for children and families who otherwise would not have a holiday celebration. The goal is to fulfill each child’s Christmas wish list with something that they want, something that they need and something educational. Children need your generosity this year more than ever. How can you help? Just bring a new unwrapped toy or clothing for any age group from infant to teen, boy or girl and/or non-perishable food items to the lobby of either one of these DPS locations; 600 State Street (Fire Lobby) or 2100 West Southlake Boulevard (Lobby). Look for the large donation box to drop off your items. Some suggested food donations: spaghetti and sauce, peanut butter and jelly, canned vegetables, pancake mix and syrup. You can also donate gift Location:  We will be collecting at all stations. If you drop off at North DPS, the items need to be dropped off between 8:00 a.m. and 5:00 p.m.  All other stations can be dropped off any time. Contact:  817-748-8349

Check this out: 25 Reasons to Visit Southlake!

  For more information about news and events in Southlake, subscribe to My Southlake News.

The above information regarding the “Southlake Texas Real Estate Market Recap – October 2017” was provided by Nicole Smith with Keller Williams Realty. Nicole has over 22 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 Mound, Southlake, Grapevine, Trophy Club, Keller and Colleyville.

Southlake Real Estate Market Recap October 2017
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