Southlake Real Estate Market Recap August 2016

Nicole Smith Woodard
Published on August 6, 2016

Southlake Real Estate Market Recap August 2016

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Southlake Texas Real Estate Recap

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 July 2016 vs. July 2015

59 homes sold in July 2016 in Southlake, Texas.  This is 20 fewer homes than the 79 homes that closed in July 2015.

  • The average sale price for the homes that closed in July 2015 was $767,832.
  • The average sale price for the homes that closed in July 2016 was $727,077.
  • The average market time (aka Days on Market) for the homes that closed in July 2015 was 42 days.
  • The average market time (aka Days on Market) for the homes that closed in July 2016 was 73 days.
  • The total amount of volume for the homes that closed in July 2015 was $60,658,728.
  • The total amount of volume for the homes that closed in July 2016 was $42,897,543.

Homes Under Contract For July 2016

There were a total of 70 homes under contract or sale pending through July31, 2016.  The average market time for these homes was 43 days.  The average list price for the homes under contract was $782,500.

Current Southlake Texas Homes For Sale Inventory Levels

There are currently 237 homes on the market in Southlake Texas.  The average list price is $999,170.  The average market time for these homes is 112 days.  The market absorption rate as of July 31, 2016, was 4.  This means that if no other homes came on the market in Southlake, it would take 4 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 – August 2016

Check out 25 Reasons to Visit Southlake!

Friday, August 19, 6pm – Dragon Rally Details

Southlake Nicole Smith

Community Pep Rally and Fundraiser located at Feedstore BBQ and back pasture!!

Come meet the 2016 Dragon Football Team, eat some BBQ with the proceeds benefitting Dragon Football, and greet each other for some ol’ fashioned community fun! Music & dancing,  Live auction, Bounce house, Mr. Softee. The Football team will be autographing footballs and posters. Emerald Belles and Dragon Cheer will be hosting activities and giveaways!

Monday, August 24 – Carroll ISD – First Day of School

Check out the Carroll ISD Back to School Website for details

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

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The above information regarding the “Southlake Texas Real Estate Market Recap – August 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.

 

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Southlake Real Estate Market Recap August 2016
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