End of Year 2010 Real Estate Transactions for Dallas Oak Lawn

Area 17 of Dallas is along I-35 from Farmers Branch to downtown Dallas. The Oak Lawn area saw an increase in total sold volume from 2009 to 2010, from $56.9 million to $89.6 million. The number of homes sold increased from 177 in 2009 to 220 in 2010. Homes sold in the $100,000 range, $750,000 range, and over $750,000 were on the market longer in 2009 when compared to 2010. Homes in all other price ranges were on the market longer in 2010. The market share of homes sold in Oak Lawn remained unchanged from 2009 to 2010, with 20% of homes sold in the $300,000 range and 42% sold in the $500,000 range. Homes sales price as a percentage of the original list price increased from 9.6% in 2009 to 11.0% in 2010. 2009 saw the greatest number of sales May-June and September and the fewest in April. The largest number of sales in 2010 were from March to July, with the fewest sales taking place in January and September. Oak Lawn saw a decline the number of months of home inventory available in all price ranges over $200,000. The most significant drop was in homes over $750,000, which had 70 months of inventory in 2009 and about 22 months worth in 2010.



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