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 August 2016 vs. August 2015
57 homes sold in August 2016 in Southlake, Texas. This is 6 fewer homes than the 63 homes that closed in August 2015.
- The average sale price for the homes that closed in August 2015 was $796,171.
- The average sale price for the homes that closed in August 2016 was $745,012.
- The average market time (aka Days on Market) for the homes that closed in August 2015 was 76 days.
- The average market time (aka Days on Market) for the homes that closed in August 2016 was 55 days.
- The total amount of volume for the homes that closed in August 2015 was $50,158,773.
- The total amount of volume for the homes that closed in August 2016 was $42,465,684.
Homes Under Contract For August 2016
There were a total of 34 homes under contract or sale pending through August 31, 2016. The average market time for these homes was 79 days. The average list price for the homes under contract was $791,485.
Current Southlake Texas Homes For Sale Inventory Levels
There are currently 228 homes on the market in Southlake Texas. The average list price is $1,008,903. The average market time for these homes is 125 days. The market absorption rate as of August 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 Southlake – September 2016
Saturday, September 10, 6:30-11:30pm * Carroll Education Foundation 20th Anniversary Celebration * Local chefs are featured at their personal small plate station where they provide delectable food tastings to tease your palette. The generous restaurants generously donate their time and talents to help support the students and educators of CISD. As a guest, you will not want to miss out on this opportunity to dine with the some of the best local chefs! Buy Your Tickets Here!
Thursday, September 15 – Sunday, September 18 * GrapeFrest * Just a few miles down the road in Grapevine, Enjoy GrapeFest — the place to discover and try new wines and even rediscover some of your favorite varietals. Along with celebrating the fruit of the vine, there’s o much to enjoy at this four-day annual festival! More Information
Saturday, September 17, 7 – 9pm – Southlake Community Band Concert * Southlake Town Square * Arts Council Northeast and the City of Southlake are pleased to welcome the Southlake Community Band for a free concert! More Details
Thursday, September 22, 6 – 8pm – Fall Fashion Night – Southlake Town Square Join us for a night of in-store events, exclusive discounts, prize giveaways, and a 90’s Throwback DJ! More Info
Friday, September 30, 7:30pm – Carroll Dragon Stadium – Dragons host arch rivals Euless Trinity in the most anticipated district game of the season! Wear pink and arrive early to be amongst the first to receive a free copy of Southlake Style’s annual Dragon Pride issue! Go Carroll Dragons!
The above information regarding the “Southlake Texas Real Estate Market Report – September 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 Mound, Southlake, Grapevine, Trophy Club, Keller, Colleyville.