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Allen's Market Report for 3rd Quarter 2007

By
Real Estate Agent with Castle Connections Realty 0517896

Here are the latest home sales statistics for Allen, TX in the 3rd Quarter of 2007.  I've also included the stats for the 3rd Qtr of 2006 as a comparison to our current market. 

3rd Qtr 2007.3rd Qtr 2006
Sold Volume:$104,889,736Sold Volume:$122,238,624
# of Sales:438# of Sales:541
Avg. Price: $239,474Avg. Price: $225,949

Sales Price as Percentage of List Price

$0 - $100K               93.3%
$101K - $150K  98.2%
$151K - $200K         97.6%
$201K - $300K 97.2%
$301K - $500K  97.0%
$501K - $750K   97.1%
$751K +  100%

 

As you can see from the stats, actually sales volume is less but the average sales price has increased.  Our local market is still doing well.  Unlike many other parts of the country, most areas in the Dallas/FW Metroplex did not experience strong price appreciation over the recent years. While several parts of the U.S. are seeing declining prices, Dallas, Collin and Denton Counties appear to be holding steady or increasing.  

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