In a report released by the Texas A&M Real Estate Center single family home sales were up 18% in July 2011 compared to July 2010. While most experts expected an increase in sales very few, if any, saw an increase of this level.
Posts Tagged ‘Market News’
Dallas – Fort Worth Home Sales Up 18% in July
Thursday, August 11th, 2011NTREIS – reports median single-family home price up 1.5% in Oct-10 over Sep-10
Monday, November 29th, 2010Oct-10 Quick Facts:
- The median price of existing single-family homes increased to $138,000 up 1.5% vs Sep-10
- Existing single-family home sales decreased -11.7% from Sep-10 for a Oct-10 total of 3,721
- Condos increased in price to $120,000 up 21.2% vs Sep-10
- Existing condo sales decreased -3.7% in Oct-10 over Sep-10 for a total of 209
Single Family Median Home Price
Oct-09 vs Oct-10
The Number of Sold Properties by Month
Oct-09 vs Oct-10
Oct-10 North Texas Real Estate Information System (NTREIS)
Luxury Home Sales in the Dallas-Fort Worth Area Continue to Show Signs of Improvement
Friday, May 14th, 2010
The better part of this year has seen modest gains for lower priced homes; however, luxury homes continued to struggle as more and more buyers chose less expensive homes because of lending restrictions or budgetary restrictions.
Waiting out the Recession
In addition, many luxury home buyers in the Dallas-Fort Worth area remained on the sidelines as they waited for the fallout from the recession and subsequent housing slump. There is no doubt that fear played a big part in the decision for many individuals not to purchase Highland Park luxury homes.
However, as the economy improves the real estate market gains momentum, it now appears as if the luxury market, including Highland Park luxury homes, are now enjoying the same gains as lower priced homes in the market.
A Surge in Luxury Homes Sparks Excitement
A surge in high-end, or luxury homes, in the Dallas-Fort Worth area, just in the Park Cities area alone, has allowed many Highland Park luxury home sellers and agents to sigh with relief. In fact, pre-owned home sales in the Park Cities area alone jumped more than 80 percent in the first quarter of this year; home sales also jumped more than 50 percent in North Dallas.
Most experts and analysts agree that the jump in luxury home sales is a very positive sign for the upcoming summer months. In short, luxury home buyers are finally giving themselves permission to act, thereby boosting the market considerably.
Sales of million-dollar homes, like Highland Park luxury homes, increased 23 percent year over year and sales of homes priced from $800,000 to $900,000 were up 56 percent during the same time period.
Comparing home sales of Highland Park luxury homes from just a year ago, when financing was extremely difficult and consumer confidence was in the gutter, is tremendous. The pickup clearly signifies a renewed level of consumer confidence; however, analysts point out that recovery, although very welcomed, will be a slow process.
It is also important to point out that luxury homes, like Highland Park luxury homes, likely saw an increase in sales because of the government tax credit and the low home prices. Homes prices in Highland Park, for example, were seven percent less than they were from just a year ago.