Real Estate Market Report for Addison, Texas: August 2020
Residential Real Estate For Sale in Addison Texas
The total number of currently available residential properties for sale in Addison, Texas is 29, as compared to 44 last month. Twenty three are pre-owned and six are new construction. Currently for sale, there are:
- 11 single family homes (ranging in price from $289,000 - $2,195,000)
- 1 half-duplex ($315,000)
- 8 condos ($198,000 – $440,000)
- 9 townhomes ($331,900 - $499,000)
Twenty two of the available homes have been on the market for longer than 30 days.
The average number of days on the market for the “active” status, pre-owned homes is 77 days (as compared to 61 last month). The median number of days on the market is 67 days, compared to last month’s 36 days.
New listings in August
Just 12 homes came on the market in Addison, TX in August, compared to 24 the previous month.
Subdivision |
Street |
BR/Bath/Gar |
Sq Ft |
List Price |
8/1/2020 |
CONDOS |
|
|
|
|
|
Meridian Square |
Spectrum |
2/2/2 |
1593 |
$369,000 |
Active |
Townhomes of District A |
Parkview |
2/2.1/2 |
1668 |
$329,900 |
Active |
Valley of Bent Tree |
Ledgemont |
1/1/0 |
696 |
$145,000 |
Sold |
HALF DUPLEXES |
|
|
|
|
|
No duplexes this month |
|
|
|
|
|
TOWNHOUSES |
|
|
|
|
|
Meridian Square |
Calloway |
3/3.1/2 |
2152 |
$499,000 |
Active |
Stanford Court Villas |
Stanford Court |
3/3.1/2 |
1886 |
$419,880 |
Active |
SINGLE FAMILY HOMES |
|
|
|
|
|
Addison Place |
Vinland |
2/2.1/2 |
2075 |
$289,000 |
Active |
Addison Place |
Knots Landing |
3/3/2 |
2268 |
$319,900 |
Active |
Grand Addison |
Cambridge Ct. |
3/2.1/2 |
1919 |
$389,000 |
Pending |
Midway Meadows |
Pokolodi Circle |
2/2/2 |
1400 |
$315,000 |
Sold |
Midway Meadows |
Winter Park |
3/2.1/2 |
1955 |
$345,000 |
Active |
Waterford |
Rive |
3/2.1/2 |
2651 |
$429,900 |
Active |
Waterford |
Azure |
3/2/2 |
1980 |
$419,000 |
Option |
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 11 homes in the pending status (waiting to close), as compared to 18 last month. Six of these are new construction.
Sales
Twenty one Addison homes sold/closed in August; 15 closed the prior month. The median number of days on the market was just 8 days, and last month the median was 10. The average number of days on the market was 19 days. The range in August for the previously owned homes was 1 days to 101 days. The average price per square foot of all previously owned homes that sold is $184.59, down from the $188.27 average the prior month. The average list price to sold price ratio is 94.22%, a decrease from last month’s 98.14%. There are still price reductions and offers accepted below full price, with few, if any, multiple offer situations.
Considering selling your Addison house? Contact me to discuss the selling and marketing process.
The numbers going forward over the next few months will be influenced by the Coronavirus. While the Governor has proclaimed that real estate is an essential business, many agents, buyers, and sellers are following the safe-at-home policy, yet for some, it’s business as usual.
Although it’s always a GREAT time to buy or sell a home in Addison, please take precautions!
Comments(1)