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Summerfield Texas Real Estate Sales down 5% in November 2011

By
Real Estate Broker/Owner with DFW Team Realty

Summerfield Texas Real Estate Sales were down 5% in November 2011 over the same month last year with 111 homes selling this month! For the year to date, overall home sales were at 1587 homes sold, a -1% change from last year. Summerfield Texas Real Estate total dollar volume of homes sold this month was $16,990,215 which is a -5% change from this month last year. For the 2011 year to date, the total dollar sales were at $251,837,856, which is a 1% change.

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New Summerfield Texas Real Estate listings experienced a -23% change for the same period last year with 145 homes listed this month. For the year to date, overall home listings underwent a -15% change with 2665 homes listed this year. Listings pending sales this month underwent a 34% change, with 106 homes contracted. Listings under contract for the year to date experienced a 9% change, with 1576 homes under contract for this month.

The average sales price of Summerfield Texas Real Estate was $153,065, a 0% change from this month last year. Overall, for the year, the average sales price was $158,688 , a 1% change. Sellers received 97% of their asking price this month, which is a 0% change from last year. For the year to date, sellers received 97% of their asking price, which is a 0% change. This month, homes spent an average of 68 days on the market until sold, which was a -9% change from last year. For the year to date, the average number of days on the market was 78, an overall change of 13%.

The current supply of active listings on the market this month was 549 homes. This is a change of -34% from the same month last year. For the year to date, the supply of active listings on the market was 738, which is a -15% change. This month there was a 3.9 months’ supply of homes on the market; this was a -32% change from last year. For the year to date, there was a 5.3 months’ supply of homes on the market, which is a -13% change from the same period last year. The average price per square foot was $69 this month; a -2% change from last year. For the year to date, the average price per square foot was $68, a change of -3%

Summerfield Real Estate sales is known as Multiple Listing Service (MLS) area 130 in the North Texas Real Estate Information System. Information is believed reliable but is only as accurate as reported by the system in the month of November 2011. DFW Team Realty provides month reports on Summerfield Real Estate Sales as well as Summerfield Foreclosures, Summerfield Short Sales, and Homes in Summerfield. Please visit our website at DFWTeamRealty.com for the latest information on Summerfield homes by price range and community. Search Summerfield Real Estate at Homes in DFW

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Comments (2)

Karen Anne Stone
New Home Hunters of Fort Worth and Tarrant County - Fort Worth, TX
Fort Worth Real Estate

I know you are over in the Frisco area of DFW, but there is no such place as Summerfield Texas.  But... there IS a Summerfields neighborhood along Beach St near Basswood. I might suggest making the change in your marketing information you putting out there.  Just a thought.

Dec 22, 2011 01:07 PM
Bob Baesmann
DFW Team Realty - Plano, TX
DFW Team Realty | 972-978-8800

Karen

Thanks for the observation and recommendations.  I will certainly review the MLS information a closer before writing. Thanks for your help.

Bob 

Dec 22, 2011 02:23 PM