November 2010 Real Estate Transactions for University Park

The number of home sales in November 2010 increased slightly from November 2009- from 22 to 25 homes sold. The median sales price also increased from $999,500 to $1,050,000 in November 2010. Homes priced under $500,000 were on the market longer in November 2010 compared to November 2009. However, homes over $500,000 were on the market for fewer days before selling in November 2010. Homes priced under $500,000 were able to sell for a greater percentage of their list price in November 2010 as compared to November 2009, and homes over $500,000 sold for a lower percentage of their list price. Almost all homes sold in University Park were priced between $500,000 and $2,000,000- making up 88% of all sales in November 2010.

If you would like any more information about moving to the University Park area, contact Brenda Mancil at 214-679-1772, bmancil@remax.net, or www.HomesPricedToSell.com.