Home Prices in Colleyville, TX for June-August 2014
Real estate market data for Colleyville, TX provided by Kevin Wooley of Keller Williams DFW Realty.
Colleyville Home Prices
We have seen 22 straight months of listing price increases on home prices in Colleyville and don’t expect things to slow down anytime soon. If you are considering buying a home you can still find deals on a house in Colleyville but having a good real estate agent who understands the market is a must. Don’t wait on the sidelines for too long, many of our listings are starting to sell within a few days of hitting the market. Listings are selling for asking price. Get a FREE Automated value of your Colleyville home at www.dfwhousevalue.org
If you are interested in how much current inventory is on the market in Colleyville you can find that information by clicking on the link. Low inventory will suggest that homes are sitting on the market for a very short period of time. Currently in this area of Colleyville, homes have a median time of 18 days on the market before they sell. This would suggest that buyers are not in a position to sit back and wait before making an offer on a home. Sellers should make sure to price their home near the market value if they expect to get an offer from one of those interested buyers. Low inventory in Colleyville has multiple offers coming in on homes similar to what we saw back in 2007. I wouldn't expect home prices to run up quite as fast as they did back then as banks have gotten a lot stricter on lending guidelines and are no longer giving a loan to anyone with a pulse. But low inventory is one indicator that prices should continue to rise.
Colleyville Real Estate Report Summary
The median list price in November for single family homes in Colleyville is $500,000. The list prices decreased by 2.4% from the previous month.
The price per square foot for listings in this area is $135.
The median sale price in June- August for single family homes is $480,000. The sale prices increased by 2.2% from the previous month.
The price per square foot for sales in this area is $133.
Find Homes for Sale in Colleyville TX
Visit my website to search for homes in Colleyville or to be notified when Colleyville homes come on the market.
To find out what you home is worth in the current market email kevinwooley@kw.com or call 817-889-0252.
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