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Eastwood Dallas Housing Stats for February 2013

By
Real Estate Agent with Coldwell Banker Residential

Developed in the 1950s, the Eastwood neighborhood of East Dallas is comprised primarily of single-family homes.  Their HOA (Eastwood Home Owners Association) is voluntary and believes in doing all it can to bring members of the community together.  Eastwood homes are conveniently located close to White Rock Lake, a favorite among locals for jogging, riding bikes and spending a quality afternoon with loved ones picnicking.  Eastwood is an area of particular interest for families with young children due to Hexter Elementary, a highly praised school in the area.

Eastwood Dallas Market Stats February 2013 - The Eastwood neighborhood of East Dallas is a great place to raise a family.  It is also extremely popular, with demand high and supply low. When an Eastwood home comes on the market, you need to jump on it quickly!

An Eastwood market report from the North Texas Real Estate Information Systems (NTREIS) showed that there is currently one listing active.  It has been on the market for 31 days and is listed at $215,000.

One Eastwood home is currently pending sale.  After 127 days on the market, this 3 bed/2 bath 2222 square foot property went into escrow.  It was listed at $249,700.

Over the last three months, a total of 11 Eastwood homes were sold.  The median listing was for a 3 bed/2 bath 2073 square foot home.  It was on the market for 52 days before it went under contract.  It eventually sold for $247,127, which was 95% of the original asking price.

Eastwood in East Dallas provides a wonderful family-friendly environment.  Due to its popularity, the supply of Eastwood homes is scarce.  However, if you're interested, let me know.  I'll be happy to keep an eye and ear out for you.

Judith Abbott, Your Metroplex Real Estate Expert

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