CityDreamHome Realty has been watching the economy; and specifically the Dallas Area housing market. As previously stated in our blog post, the Dallas housing market is a little different when compared to most other area in the nation. Yes, we are down, but the hit has been cushioned by a good job market, and lower overall housing cost.
The Lake community of Little Elm remains one of the most affordable places to live in the area; at an average price just under $171,000. It does not hurt that it borders the boom town of Frisco. Don’t get me wrong, this economy still has issues, and we as consumers are paying more for just about everything we purchase. How many of us were shocked when we got the last electric bill? No rose colored glasses here.
With that said, it’s still a buyers market out there and buyers with their credit ducks in a row can take advantage of the many good deals. If you’re a seller and you have maintained or enhanced the value of your home; your chances of a quicker sale are good. Prices are down, so don’t expect the same margins made just a few years ago. In our next post, we’ll talk about the ways you can make your home stand out from the rest.
Here are some recent facts about our local market:
Little Elm
The median single family home price as of August 10 2008 for LITTLE ELM is $170,828
The average property in LITTLE ELM as of August 10 2008 has been on the market for about 108 days.
The median price per square foot for homes in LITTLE ELM as of August 10 2008 is about $79
There are about 414 properties on the market in LITTLE ELM as of August 10 2008.
Frisco
The median single family home price as of August 10 2008 for FRISCO is $325,066
The average property in FRISCO as of August 10 2008 has been on the market for about 124 days.
The median price per square foot for homes in FRISCO as of August 10 2008 is about $97
There are about 1,517 properties on the market in FRISCO as of August 10 2008.
The Colony
The median single family home price as of August 10 2008 for THE COLONY is $197,777
The average property in THE COLONY as of August 10 2008 has been on the market for about 95 days.
The median price per square foot for homes in THE COLONY as of August 10 2008 is about $85
There are about 331 properties on the market in THE COLONY as of August 10 2008.
Carrollton
The median single family home price as of August 10 2008 for CARROLLTON is $188,361
The average property in CARROLLTON as of August 10 2008 has been on the market for about 82 days.
The median price per square foot for homes in CARROLLTON as of August 10 2008 is about $91
There are about 446 properties on the market in CARROLLTON as of August 10 2008.
Dallas
The median single family home price as of August 10 2008 for DALLAS is $247,239
The average property in DALLAS as of August 10 2008 has been on the market for about 122 days.
The median price per square foot for homes in DALLAS as of August 10 2008 is about $116
There are about 5,602 properties on the market in DALLAS as of August 10 2008.
The Lake community of Little Elm remains one of the most affordable places to live in the area; at an average price just under $171,000. It does not hurt that it borders the boom town of Frisco. Don’t get me wrong, this economy still has issues, and we as consumers are paying more for just about everything we purchase. How many of us were shocked when we got the last electric bill? No rose colored glasses here.
With that said, it’s still a buyers market out there and buyers with their credit ducks in a row can take advantage of the many good deals. If you’re a seller and you have maintained or enhanced the value of your home; your chances of a quicker sale are good. Prices are down, so don’t expect the same margins made just a few years ago. In our next post, we’ll talk about the ways you can make your home stand out from the rest.
Here are some recent facts about our local market:
Little Elm
The median single family home price as of August 10 2008 for LITTLE ELM is $170,828
The average property in LITTLE ELM as of August 10 2008 has been on the market for about 108 days.
The median price per square foot for homes in LITTLE ELM as of August 10 2008 is about $79
There are about 414 properties on the market in LITTLE ELM as of August 10 2008.
Frisco
The median single family home price as of August 10 2008 for FRISCO is $325,066
The average property in FRISCO as of August 10 2008 has been on the market for about 124 days.
The median price per square foot for homes in FRISCO as of August 10 2008 is about $97
There are about 1,517 properties on the market in FRISCO as of August 10 2008.
The Colony
The median single family home price as of August 10 2008 for THE COLONY is $197,777
The average property in THE COLONY as of August 10 2008 has been on the market for about 95 days.
The median price per square foot for homes in THE COLONY as of August 10 2008 is about $85
There are about 331 properties on the market in THE COLONY as of August 10 2008.
Carrollton
The median single family home price as of August 10 2008 for CARROLLTON is $188,361
The average property in CARROLLTON as of August 10 2008 has been on the market for about 82 days.
The median price per square foot for homes in CARROLLTON as of August 10 2008 is about $91
There are about 446 properties on the market in CARROLLTON as of August 10 2008.
Dallas
The median single family home price as of August 10 2008 for DALLAS is $247,239
The average property in DALLAS as of August 10 2008 has been on the market for about 122 days.
The median price per square foot for homes in DALLAS as of August 10 2008 is about $116
There are about 5,602 properties on the market in DALLAS as of August 10 2008.
