Market Update: Addison's Midway Meadows Subdivision, 1st Half of 2013

By
Real Estate Agent with United Real Estate TX #0552717

MARKET UPDATE: Addison's Midway Meadows Subdivision, Single Family Homes  1/1/13 - 6/30/13

(The duplex homes in Midway Meadows are not included in this update.)Addison TX home for sale: 3921 Winter Park

There are currently two homes on the market in Midway Meadows, Addison, priced at $225,000 and $230,000. Theses homes are in the Addison Timbers HOA. There have been 9 sales in the neighborhood since January 1, 2013, ranging in price from $181,000 for a 1400 square foot, 2/2/2 zero lot home to $305,000 for an almost 3500 square foot foreclosure.  The average price per square foot of those 9 sales was $120.57/sq ft. The low price per square foot was $87.87 (foreclsoure) and the high was $138.15/sq ft.  Sales are up compared to a year ago at this time.

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 Midway Meadows subdivision! With only 35 active properties on the market in all of Addison (14 are single family homes), this is the BEST time to sell, while inventory and interest rates are still low! 

Historical Perspective for Midway Meadows Single Family Homes

 

7/07-12/07

1/08-6/08

7/08-12/08

1/09-6/09

7/09-12/09

1/10-6/10

Lowest List Price

$179,900

$222,500

$194,900

$210,000

$185,000

$279,900

Highest List Price

$258,000

$299,900

$199,900

$315,000

$310,000

$384,000

# Sales

2

6

2

4

5

1

Avg. $/SqFt

$94.63

$120.09

$122.26

$114.32

$124.82

$113.27

Lowest Sales Price

$173,000

$175,000

$215,000

$188,000

$176,000

$169,900

Highest Sales Price

$203,450

$246,000

$220,500

$212,000

$302,500

$169,900

Highest $/SqFt

$96.33

$142.94

$137.30

$130.76

$146.63

$113.27

 

 

1/11-6/11

7/11-12/11

1/12-6/12

7/12-12/12

1/13-6/13

7/13-12/13

# Sales

7

0

4

2

9

 

Lowest Sales Price

$181,000

N/A

$195,000

$216,000

$181,000

 

Highest Sales Price

$253,000

N/A

$335,000

$218,500

$305,000

 

Average Sales Price

$223,929

N/A

$259,375

$217,250

$242,222

 

Lowest $/qFt

$93.78

N/A

$116.81

$118.11

$87.87

 

Highest $/SqFt

$125.32

N/A

$138.40

$124.93

$138.15

 

Average $/SqFt

$116.97

N/A

$123.67

$121.52

$120.51

 

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                                                                                                                         

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Award for Best Residential Real Estate Agent.     

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