MARKET UPDATE: Addison's Duplex Homes in Midway Meadows 1/1/2009 - 6/30/2009

By
Real Estate Agent with United Real Estate TX #0552717

MARKET UPDATE: Addison's Midway Meadows Subdivision, Duplex Homes  1/1/09 - 6/30/09Midway Meadows, Addison Texas

(The single homes in Midway Meadows are not included in this update.)

There is currently only 1 half-duplex on the market, priced at $219,500. There were 3 sales in the neighborhood in the first 6 months of 2009, with $99.68 being the average price per sq. ft. (down from $100.95 for the prior 6 month period).  Homes sold from a low of $175,000 to a high of $208,750.  The highest sale was at $114.51/sq. ft. (up from $100.95/sq. ft. in the prior 6 month period).  Higher priced sales typically reflect updated homes.


Please call me for a FREE MARKET ANALYSIS and  suggestions on getting your home ready to go on the market.  Now is a great time to sell because there is so little competition in the duplex section of the Midway Meadows subdivision! With only 73 active properties on the market in all of Addison (and only 1 half-duplex), this is the time to sell while inventory is low! 

Historical Perspective for Midway Meadows Duplex Homes:

 

  

7/07 - 12/07

1/08 - 6/08

7/08 - 12/ 08

1/09-6/09

Lowest List Price

$199,999

$191,000

$194,900

$219,500

Highest List Price

$224,500

$238,500

$239,900

$219,500

# Sales

0

2

2

3

Avg. $/SqFt

-

$106.68

$100.95

$99.68

Lowest Sales Price

-

$$196,000

$187,500

$175,000

Highest Sales Price

-

$200,000

$194,900

$208,750

Highest $/SqFt

-

$107.82

$100.95

$114.51

Looking to purchase a duplex home in Addison? With mortgage rates so low, now is the time to buy! 

The duplexes in the Midway Meadows subdivision in Addison, Texas are located one block south of Belt Line Road, west of Midway Road, within walking distance of restaurants, entertainment and shopping.  The following streets are in the duplex part of the subdivision:  Morman, Surveyor, and Sopras Circle.

As an Addison resident, you may join the Addison Athletic Club, open to all Addison Texas residents, for a one-time $10 fee for as long as you reside in Addison.   Close to major thoroughfares such as I-35, the Dallas North Tollway and 635, the Midway Meadows duplex homes are ideally situated.

I work with buyers and sellers. Call me for your Addison real estate needs. (I also serve most of the North Dallas area, including Plano, Far North Dallas, Carrollton, Farmers Branch, Coppell .... and more).

 

Posted by

Lorrie Semler, e-PRO, GRI, SRES, CPRES, CRS
Addison Resident/Addison Specialist                                                      Subscribe Button
Real Service. Real Results. Real Estate.
United Real Estate
972-416-3417

http://www.AddisonUpdate.com                                                                                                                         

2011 Recipient of Addison Magazine's Readers Choice
Award for Best Residential Real Estate Agent.     

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Lorrie Semler, REALTOR® in the Dallas area. Call/text 972-416-3417

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