Real Estate Market Report for Addison, Texas: August 2018
Residential Real Estate For Sale in Addison Texas
The total number of currently available residential properties for sale in Addison, Texas is 24, down from 29 last month. Inventory is VERY low! Currently for sale, there are:
- 14 single family homes (ranging in price from $239,000 to $2,200,000)
- 2 half-duplexes ($299,888 - $350,000)
- 5 condos ($299,900 – $499,000)
- 3 townhomes ($399,000 to $499,500)
15 of the 24 available homes have been on the market for longer than 30 days. Homes are taking a little longer to sell as the market corrects.
The average number of days on the market for the “active” status, pre-owned homes is 61 days (same as last month). The median number of days on the market is 59 days, compared to last month’s 49 days.
New listings in August
Just 11 homes came on the market in Addison, TX in August 2017. The previous month’s new listings was also 11.
Subdivision |
Street |
BR/Bath/Gar |
Sq Ft |
List Price |
7/1/18 Status |
CONDOS |
|
|
|
|
|
Townhomes of District A |
Breedlove |
2/2.1/2 |
1708 |
$299,900 |
Active |
HALF DUPLEXES |
|
|
|
|
|
None this month |
|
|
|
|
|
TOWNHOUSES |
|
|
|
|
|
Asbury Circle |
Asbury Ln. |
3/3.1/2 |
2775 |
$399,000 |
Active |
Towne Lake |
Towne Lake Circle |
3/2.1/2 |
2325 |
$459,000 |
Active |
SINGLE FAMILY HOMES |
|
|
|
|
|
Addison Place |
Windward |
2/2/2 |
1517 |
$239,000 |
Sold |
Addison Place |
Windward |
3/2.1/2 |
2255 |
$345,000 |
Active |
Addison Place |
Westgrove |
2/2/2 |
1402 |
$239,000 |
Active |
Addison Town Center |
Park Place |
3/2.1/2 |
2735 |
$549,999 |
Pending |
Chatham Court |
Chancey Ct. |
4/3.1/2 |
2946 |
$575,000 |
Active |
Grand Addison |
Longfellow Ct. |
3/2.1/2 |
2062 |
$349,999 |
Active |
Midway Meadows |
Bobbin |
2/2/2 |
1801 |
$459,900 |
Active |
Westfield Court |
Heritage |
3/2.1/2 |
2556 |
$470,000 |
Active |
Search for Addison real estate:
If you are looking for an Addison home, use the following link to see what’s available now. Once you've done your online search, give me a call to discuss the purchasing process and buyer representation. You're on your way to owning an Addison home.
Search Addison Homes for Sale (after clicking, scroll down for results)
Properties Scheduled to Close
There are 6 sales in the pending status (waiting to close), as compared to 10 last month.
August Sales
Fifteen Addison homes sold/closed in August as compared to the 15 that closed the prior month. The median number of days on the market was 37days, and last month the median was 14. The average number of days on the market was 60 days. The range in August for the previously owned homes was 1 days to 251 days. The average price per square foot of all previously owned homes that sold is $176.89, down from the $185.44 average the prior month. The average list price to sold price ratio is 98.22%, up from last month’s 97.93%.
It’s always a GREAT time to buy or sell a home in Addison!
Considering selling your Addison house? Contact me to discuss the selling and marketing process.
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