Home Sales in Addison Texas | August 2011.
Twelve homes sold in this Dallas suburb last month. Here are some interesting highlights:
- One was a bank owned foreclosure.
- One was a cash transaction, one VA loan, one FHA loan, and 9 convention loans.
- Two properties were new construction.
- Six sales were townhomes, one was a condo, and 5 were single family homes.
|
* |
Property Type |
Street |
BR/Ba |
Sq Ft |
CDOM |
$/Sq Ft |
Sales Price |
|
|
Condo |
Vitruvian |
2/2.1 |
1,373 |
39 |
$84.49 |
$116,000 |
|
Z |
Townhouse |
Juliard |
2/2.1 |
1,625 |
114 |
$113.85 |
$185,000 |
|
|
Townhouse |
Quorum |
2/2.1 |
1,955 |
171 |
$125.32 |
$245,000 |
|
|
Townhouse |
Towne Green |
3/2.1 |
1,974 |
37 |
$133.23 |
$263,000 |
|
N |
Townhouse |
Asbury |
3/3.1 |
2,573 |
2 |
$112.16 |
$288,598 |
|
F |
Townhouse |
Stanford |
3/3.0 |
2,360 |
426 |
$132.58 |
$312,900 |
|
N |
Townhouse |
Breedlove |
3/3.1 |
2,087 |
0 |
$158.59 |
$330,975 |
|
|
Single Fam. |
Westgrove |
2/2.0 |
1,336 |
230 |
$91.32 |
$122,000 |
|
|
Single Fam. |
Canot |
3/2.0 |
1,508 |
27 |
$130.88 |
$197,360 |
|
|
Single Fam. |
Heritage |
3/2.0 |
1,855 |
29 |
$140.16 |
$260,000 |
|
|
Single Fam. |
Azure |
3/2.0 |
1,981 |
192 |
$131.25 |
$260,000 |
|
|
Single Fam. |
Dartmouth |
3/2.1 |
2,589 |
56 |
$118.77 |
$307,500 |
|
|
|
|
Avg: |
1,935 |
120 |
$122.72 |
$240,694 |
*F= Bank Owned Foreclosure
*N= New Construction
*Z= Sales Price Not Recorded in MLS; Amount Shown is List Price
The average list price of the Addison properties above was $252,108. The list price to sales price ratio averaged 95%.
The CDOM (cumulative days on the market) is skewed by the 2 new construction townhomes. The builder’s representatives do not add the listing into MLS until right before closing unless it's a spec home. The foreclosure at the other end of the CDOM spectrum was also highly unusual for an Addison property.
Addison remains a desirable place to live. In addition to the 12 sold properties above, there are another 6 that are pending. Three of these are new construction townhomes at Asbury Circle.
If you'd like to call Addison home, call me!
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