Lake Highlands Property Sales For January 2017 Lower 7.8%

By
Real Estate Broker/Owner with DFW Team Realty
January 2017 Real Estate Market Summary for Lake Highlands, TX (MLS Area 18)
  Month Year to Date
  2017 2016 % Change 2017 2016 % Change
New Listings 129 95 -26.4 129 95 -26.4
Closed Sales (Reported) 64 59 -7.8 64 59 -7.8
Closed Sales (Projected) 64 66 3.6 64 66 3.6
Listings Under Contract 111 82 -26.1 111 82 -26.1
Average Sales Price $218,764 $243,779 11.4 $218,764 $243,779 11.4
Median Sales Price $215,000 $242,000 12.6 $215,000 $242,000 12.6
Percent of Original Price Received 95.8 95.7 -0.1 95.8 95.7 -0.1
Days on Market Until Sale 50 28 -43.5 50 28 -43.5
Inventory of Homes for Sale 163 130 -20.2      
Months Supply of Inventory 1.7 1.4 -18.8      

The number of recorded residential properties sold in January 2017 in Lake Highlands saw a down-slide of 7.8% from 2016, with 59 recorded residential properties sold total this month. There were 59 property sales year to date, which was a fall of 7.8% from the same point in time 2016. Projected real estate sales this month was up 3.6%, with 66 projected real estate sales this month. Year to date the number of projected housing sales in Lake Highlands saw a growth of 3.6%, with 66 projected total this year. There were 95 new listings this month, and this was a down-slide of 26.4%. The number of new housing units in the market in Lake Highlands year to date reached 95, a fall of 26.4%. In January 2017 the number of properties listed under contract saw a decline of 26.1% relative to last year, with 82 under a contract total. The number of listings under contract year to date underwent a dip of 26.1% from January 2016, with 82 on a contract total this year. In January 2017 months supply of homes on the market was lower 18.8%, with 1.4 months supply of homes on the market this month. This month in Lake Highlands the number of units for sale saw a fall of 20.2%, with 130 units for sale total this month. The number of days on market until sale in January 2017 in Lake Highlands slumped 43.5% from last year, with 28 days on market until sale this month. In January 2017 in Lake Highlands the total percent of original asking price received was lower 0.1%, with 95.7 percent of original asking price received total this month. Year to date percent of original list price received reached 95.7, a drop of 0.1%.

Click here to view homes in Lake Highlands.

 

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Bob Baesmann

DFW Team Realty | 972-978-8800
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