Highland Park, TX Real Estate Market Statistics for November 2016

By
Real Estate Agent with Lisa Von Domek Team TX License #0552989

Unlike the majority of the Dallas area that continues to experience a low inventory trend, the Dallas area of Highland Park had an increased available inventory of pre-owned homes (resale) in November:

 

 

 

 

 

New construction homes had no substantial increase in their available inventory from 2014 and 2015:

 

 

 

 

  

  

And although the median sales price fluctuates
month to month, November showed a decrease in
the median sales price for resale homes in the
Highland Park area from last year.  But, the median
sales price increased over last month:

 

 

 

 

 

And the new construction homes showed an enormous increase in the median sales price in October.  This change is due to the combined average of three home sales, two that were similar in price of under $2m and
one sale just under $6.85m:

 

 

 

 

 

 

 

 

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Rainmaker
4,071,298
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
"Franklin MA Homes"

Good morning Lisa Von Domek I'm hoping that new construction will be stronger than ever in 2017 and the resale market will follow....  Happy New Year to you and yours.... be safe...

Dec 31, 2016 07:51 AM #1
Rainmaker
2,453,447
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Happy New Year Eve Lisa Von Domek,  interesting report, in Denver we just have to much low inventory.  Hope you have a start to a great 2017!

 

Dec 31, 2016 08:10 AM #2
Ambassador
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Jeff Dowler
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude - Carlsbad

Hi Lisa

This is a nicely done housing market report on Highland Park that paints a pretty clear picture of what happened in November. It points out clearly that real estate IS local and working with someone like you who knows that local market is essential!

Happy New Year!

Jeff

Dec 31, 2016 08:10 AM #3
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Lisa Von Domek

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