Pilot Point Texas Real Estate Sales were up 40% in February 2012 over the same month last year with 28 homes selling this month compared to 29 sold this month last year! For the 2012, year to date, overall home sales were down 20% with 59 homes sold compared to 29 homes sold last year.
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New listings were down 53% for the same period last year with 33 homes listed as compared to 76 listed this month last year. For the year 2012, overall home listings were down 34% with 96 homes listed as compared to 76 homes listed last year. Listings under contract were down 21% with 41 homes contracted compared to 36 homes contracted this month last year. Listings under contract for all 2012 were down 10% with 77 homes contracted as compared to 36 contracted for all last year.
The average sales price of homes was up -13% to $152,683, as compared to $127,411 for this month last year. The overall year of 2012 average sales prices were up 15% to $168,449, as compared to $127,411 last year. Sellers received 92% of their asking price this month as compared to 91% this month last year. For the overall year of 2012 sellers received 93% of their asking as compared to 91% last year a 1% change from last year. The average days on the market until sold in was 154 days compared to 130 days for this month last year down 77%. For the overall year of 2012 the average days on the market was 133 days compared to 130 days last year a 18% change.
The current supply of homes on the market was 199 homes down 39% as compared to 324 homes from the same period last year. This is 5.3 month supply of homes on the market down 31% as compared to 9.1 month supply from this month last year.
Pilot Point real estate sales is known as multiple listing service (MLS) area 31 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 Pilot Point Real Estate Sales as well as Pilot Point Foreclosures, Pilot Point Short Sales, and Homes in Pilot Point. Enter brief data about Pilot Point Homes or neighborhood you want to research and receive real-time market reports. Find information on what is listed, what has been sold, the average days on the market, and an in-depth report about all the homes in your area. Updated real estate market data is emailed to you monthly! This service works for Pilot Point home Values, Pilot Point real estate information, and all areas of the DFW metroplex. Please visit our website at DFWTeamRealty.com for the latest information on Pilot Point homes by price range and community. Search Pilot Point real estate at Homes in DFW
The DFW Metroplex is also known as Dallas Fort Worth Arlington Metropolitan Statistical Area, a title designated by the U.S. Census which encompasses 12 counties within the U.S. state of Texas. The area is divided into two metropolitan divisions: Dallas Plano Irving and Fort Worth Arlington and is comprised of over 70 area cities both incorporated and unincorporated.
The DFW Metroplex is, by population, the largest metropolitan area in Texas, the largest in the South, the fourth-largest in the United States, and the tenth-largest in the Americas. The DFW Metroplex encompasses over 9,000 square miles of total area, making it larger in area than the U.S. states of Rhode Island and Connecticut combined. It is also the sixth largest gross metropolitan product (GMP) in the United States, and is approximately tenth largest by GMP in the world.
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