MARKET UPDATE: Addison's Midway Meadows Subdivision, Duplex Homes 1/1/10 - 6/30/010
(The single family homes in Midway Meadows are not included in this update.)
The duplexes in the Midway Meadows subdivision in Addison, Texas are located one block south of Belt Line Road, west of Midway Road, within walking distance of restaurants, entertainment and shopping. The following streets are in the duplex part of the subdivision: Morman, Surveyor, and Sopras Circle.
As an Addison resident, you may join the Addison Athletic Club, open to all Addison Texas residents, for a one-time $10 fee for as long as you reside in Addison. Close to major thoroughfares such as I-35, the Dallas North Tollway and 635, the Midway Meadows duplex homes are ideally situated.
There are currently 3 half-duplexes on the market, ranging in price from =$195,000 to $$229,000. There was one sale in the neighborhood in the last 6 months, a 3 bedroom 2 1/2 bath that sold for $180,000 ($102.21/sq ft).
Historical Perspective for Midway Meadows Duplex Homes:
|
|
7/07 - 12/07 |
1/08 - 6/08 |
7/08 - 12/ 08 |
1/09-6/09 |
7/09 - 12/09 |
1/10 - 6/10 |
|
Lowest List Price |
$179,900 |
$222,500 |
$194,900 |
$210,000 |
$185,000 |
$180,000 |
|
Highest List Price |
$258,000 |
$299,900 |
$199,900 |
$315,000 |
$310,000 |
$229,000 |
|
# Sales |
2 |
6 |
2 |
4 |
5 |
1 |
|
Avg. $/SqFt |
$94.63 |
$120.09 |
$122.26 |
$114.32 |
$124.82 |
$102.21 |
|
Lowest Sales Price |
$173,000 |
$175,000 |
$215,000 |
$188,000 |
$176,000 |
$180,000 |
|
Highest Sales Price |
$203,450 |
$246,000 |
$220,500 |
$212,000 |
$302,500 |
$180,000 |
|
Highest $/SqFt |
$96.33 |
$142.94 |
$137.30 |
$130.76 |
$146.63 |
$102.21 |
Please call me for a FREE MARKET ANALYSIS and suggestions on getting your home ready to go on the market. Now is a great time to sell because there is so little competition in the duplex section of the Midway Meadows subdivision! With only 89 active properties on the market in all of Addison (and only 3 half-duplexes), this is the time to sell while inventory is low!
Looking to purchase a duplex home in Addison? With mortgage rates so low, now is the time to buy!
I work with buyers and sellers. Call me for your Addison real estate needs. (I also serve most of the North Dallas area, including Plano, Far North Dallas, Carrollton, Farmers Branch, Coppell .... and more).
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