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 December 2016 vs. December 2015
35 homes sold in December 2016 in Southlake, Texas. This is 2 more homes than the 33 homes that closed in December 2015.
- The average sale price for the homes that closed in December 2015 was $770,564.
- The average sale price for the homes that closed in December 2016 was $892,823.
- The average market time (aka Days on Market) for the homes that closed in December 2015 was 77 days.
- The average market time (aka Days on Market) for the homes that closed in December 2016 was 102 days.
- The total amount of volume for the homes that closed in December 2015 was $25,428,612.
- The total amount of volume for the homes that closed in December 2016 was $31,248,805.
Homes Under Contract For December 2016
There were a total of 41 homes under contract or sale pending through December 31, 2016. The average market time for these homes was 138 days. The average list price for the homes under contract was $746,690.
Current Southlake Texas Homes For Sale Inventory Levels
There are currently 134 homes on the market in Southlake Texas. The average list price is $1,036,272. The average market time for these homes is 155 days. The market absorption rate as of December 31, 2016, was 3.82. This means that if no other homes came on the market in Southlake, it would take almost 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 Southlake – January 2017
Check out 25 Reasons to Visit Southlake!
January 11, 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. Details
Jan 20, 2017, 7:00 PM – 11:00 PM
The Miracle League of Southlake – 2nd Annual Winter Meeting Banquet
The Miracle League of Southlake provides the ability to play baseball to special needs children and young adults in North Texas. Last season we had 195 athletes participate and we are looking forward to another successful season this coming Spring.
Join in for a great evening for a great cause! Details or visit their website for more information.
January 28, 2017, 2:00 PM - 6:00 PM
Chinese New Year Lantern Workshop and Parade
Lantern Workshop from 2-4 PM Southlake Town Hall 3rd Floor | Bring your own design and supplies to the workshop if you prefer, or come to make a simple lantern with provided materials. Please bring only battery operated candles for the lanterns.
Lantern Walk – Join the parade of lights at dusk in Southlake to help form a glowing snake around beautiful Southlake Town Square. Family Park in front of Town Hall | Meet at 5:30 PM
The parade begins promptly at 6 PM. Battery operated candles for the lanterns only, no open flame.
Celebrate Chinese New Year in 2017 with an evening walk carrying Chinese lanterns around Southlake Town Square to light up the sky, the lake and the fountains. Details
The above information regarding the “Southlake Texas Real Estate Market Report – December 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.