SOUTHLAKE TEXAS REAL ESTATE MARKET RECAP January 2017

Nicole Smith Woodard
Published on February 2, 2017

SOUTHLAKE TEXAS REAL ESTATE MARKET RECAP January 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.

Real Estate Activity For January 2017 vs. January 2016

24 homes sold in January 2017 in Southlake, Texas.  This stays the same as the 24 homes that closed in January 2016.

  • The average sale price for the homes that closed in January 2016 was $685,396.
  • The average sale price for the homes that closed in January 2017 was $765,947.
  • The average market time (aka Days on Market) for the homes that closed in January 2016 was 104 days.
  • The average market time (aka Days on Market) for the homes that closed in January 2017 was 118 days.
  • The total amount of volume for the homes that closed in January 2016 was $16,449,504.
  • The total amount of volume for the homes that closed in January 2017 was $18,382,728.

 

Homes Under Contract For January 2017

There were a total of 52 homes under contract or sale pending through January 31, 2017.  The average market time for these homes was 118 days.  The average list price for the homes under contract was $749,567.

Current Southlake Texas Homes For Sale Inventory Levels

There are currently 131 homes on the market.  The average list price is $1,134,109.  The average market time for these homes is 133 days.  The market absorption rate as of January 31, 2017, was 5.46.  This means that if no other homes came on the market it would take almost 6 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 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  – February 2017 

Carroll Dragon Band Bistro – A night of free entertainment for the whole family!!! $12 for Dinner – Saturday, February 04, 2017   5:30 PM – 8:30 PM – This is the largest fundraiser of the year and all proceeds go to the Carroll Band.  The Bistro is a fun and entertaining family and friend event. It’s a casual Italian dinner with music performed by Carroll Band students. Performances include student ensembles, the three Carroll Jazz Bands, and the premiere community performance of Indoor Percussion’s FROM DUST 2017 competition show.. Throughout the entire evening there will be a silent auction with a large variety of items to bid on.  Click HERE for more information.

Southlake Kids Interested in Leadership (S.K.I.L.) – Monday, February 13, 2017  4:30 PM - 5:30 PM @ Department of Public Safety (DPS) Headquarters – (SKIL) is a program created in partnership between the City, the Carroll Independent School District and the Chamber of Commerce. The SKIL Program seeks to facilitate opportunities for advanced engagement by the city’s youth whereby they become more than informants and contributors but are valued as collaborators and decision-makers.

Cardiopulmonary Resuscitation – CPRFebruary 18, 2017, 8:00 AM - 12:00 PM @ 600 State Street – The Southlake Fire Department is a certified American Heart Association training site and teaches classes to the public. The department uses the AHA Heartsaver CPR/AED certification course. The course is a classroom, video-based, instructor-led course that teaches adult, child and infant CPR and AED use, as well as how to relieve choking. This course is for anyone with limited or no medical training who needs a course completion card in CPR and AED use to meet job, regulatory or other requirements. The class does not include First Aid. More Details

Lambert Home image for blogMeet the Mayor at Lambert’s Home and Garden – Thursday, February 23, 2017   5:30 PM - 7:00 PM – Meet the Mayor at… is an informal meet and greet. This is a monthly get-together with Mayor Laura Hill at different locations around town that interest our citizens.
For more information about news and events, 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 – January 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 REAL ESTATE MARKET RECAP January 2017
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