University Park Property Sales For January 2017 Lower 2.2%

By
Real Estate Broker/Owner with DFW Team Realty
January 2017 Real Estate Market Summary for University Park, TX (MLS Area 25)
  Month Year to Date
  2017 2016 % Change 2017 2016 % Change
New Listings 113 150 32.7 113 150 32.7
Closed Sales (Reported) 46 45 -2.2 46 45 -2.2
Closed Sales (Projected) 46 51 9.9 46 51 9.9
Listings Under Contract 53 84 58.5 53 84 58.5
Average Sales Price $927,596 $1,293,560 39.5 $927,596 $1,293,560 39.5
Median Sales Price $829,500 $1,315,000 58.5 $829,500 $1,315,000 58.5
Percent of Original Price Received 93.6 90.9 -2.9 93.6 90.9 -2.9
Days on Market Until Sale 71 88 24.1 71 88 24.1
Inventory of Homes for Sale 274 319 16.4      
Months Supply of Inventory 3.6 4.5 25.0      

In January 2017 there was a dip of 2.2% in residential property sales in contrast to last year. There were 45 residential property sales total this month. Year to date there were 45 housing sales recorded in University Park, and this was a dip of 2.2% compared to the same time of year 2016. This month in University Park the number of projected property sales was 51, an uptick of 9.9%. There was a hike of 9.9% in the number of projected housing sales year to date. There were 51 projected housing sales this year. New houses listed this month saw an improvement of 32.7%, with 150 new houses listed total this month. There was a climb of 32.7% in the number of new properties for sale year to date. There were 150 new properties for sale this year. In University Park there was a climb of 58.5% in the number of contract listings this month from 2016. There were 84 contract listings total this month. In University Park year to date the number of listings under contract was 84 total, an uptick of 58.5% compared to January last year. In University Park in January 2017 the number of months supply of houses on the market was up 25%, with 4.5 months supply of houses on the market this month. In January 2017 residential properties for sale was higher 16.4%, with 319 residential properties for sale this month. There was a rise of 24.1% in days on market until sale this month relative to last year. There were 88 days on market until sale total this month. Percent of asking price received this month saw a slump of 2.9%, with 90.9 percent of asking price received total this month. The number of percent of asking price received year to date in University Park saw a slump of 2.9%, with 90.9 percent of asking price received total this year.

Click here to view homes in University Park.

 

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Bob Baesmann

DFW Team Realty | 972-978-8800
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