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Real Estate Market Report for Addison, Texas: February 2015

By
Real Estate Agent with HomeSmart Stars TX #0552717

Real Estate Market Report for Addison, Texas: February 2015

 

Residential Real Estate For Sale in Addison TexasOaks North, Addison TX

 

The total number of available residential properties for sale in Addison, Texas is just 25 (down from the incredibly low of 28 last month). Currently for sale, there are:

 

  • 6 single family homes (none of them are single-story homes)
  • No half-duplexes
  • 12 condos
  • 7 townhomes

 

Eighteen of the 25 available homes above have been on the market for longer than 30 days. Nine of the “active” homes are incomplete new construction at Meridian Square.  If you want to buy a home *today* in Addison for immediate move-in after closing, you’ve got only 16 choices.

 

The average number of days on the market for the “active” status homes is 73 days, down from 109 last month. This does not include any incomplete new construction. The median number of days is just 36. Homes are selling FAST.

 

 

 

New listings in February

 

Fourteen homes came on the market in Addison, TX in February 2014, up from 12 the previous month.

 

Subdivision

Street

Bed/Bath/Gar

Sq Ft

Price

Status

CONDOS

 

 

 

 

 

Aventura

Addison Circle

1/1/1

1262

$199,000

Active

Valley of Bent Tree

Ledgemont

1/1/0

739

$81,500

Active

Valley of Bent Tree

Ledgemont

2/2/0

1076

$125,000

Active

HALF DUPLEXES

 

 

 

 

 

None this month

 

 

 

 

 

TOWNHOUSES

 

 

 

 

 

Asbury Circle

Sugar Tree Way

3/2.2/2

2509

$321,500

Active

Town Homes of Addison

Berklee

3/3/2

1958

$269,000

Under contract

Town Homes of Addison

Eastman Way

3/3/2

1958

$275,000

Active

SINGLE FAMILY HOMES

 

 

 

 

 

Grand Addison

Longfellow Ct.

3/2.1/2

2105

$284,800

Pending

Grand Addison

Woodshadow Ln.

4/3/2

2500

$365,000

Active

Grand Addison

Dickenson Ct.

3/2/2

1756

$335,000

Option

Midway Meadows

Dome Road

3/3/2

3628

$459,900

Active

Midway Meadows

Le Grande

2/2/2

1533

$238,900

Option

Oaks North

Bedivere

3/2.1/2

2730

$425,000

Option

Waterford

Waterford

4/3.1/2

3015

$379,000

Option

Waterview Estates

Waterview

3/2.1/2

2186

$349,000

Option

 

 

Search for Addison real estate:
If you are looking for an Addison home, use the following links to see what’s available now. Once you've done your online search, give me a call to discuss the purchasing process and buyer representation.  You're on your way to owning an Addison home.

 

Addison Townhomes For Sale

 

Addison Condos For Sale

 

Addison Duplexes For Sale

 

Addison Single Family Homes For Sale

 

Addison Land/Lots For Sale

 

 

 

Properties Scheduled to Close

 

There are 17 sales in the pending status (up from 10 last month).

 

 

 

February Sales

 

Eight Addison homes sold/closed in February. This is the same number that closed in January. The median number of days on the market was 41 days, up from last month’s median of 39 days.  This does not include incomplete new construction. The average price per square foot of all homes that sold is $144.89, which is up from the $129.80 average last month.

 

 

Considering selling your Addison house? Contact me to discuss the selling and marketing process. 

 

 

 

There are NO single-story single family homes on the market as of today, 3/1/15, in Addison. There are buyers for one-story homes right now. Now is the perfect time to have me list and market your home, before the springtime competition comes along. Call me and let’s get started!

 

Posted by

Lorrie Semler, REALTOR
HomeSmart Stars

Serving your residential real estate needs in Dallas, TX and all the surrounding suburbs


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Comments (2)

David Saks
Memphis, TN
Broker / Industry Analyst

Fine post and great information. Please have a terrific day ahead.

Mar 01, 2015 09:43 AM
Sharon Parisi
United Real Estate Dallas - Dallas, TX
Dallas Homes

Addison is an incredibly competitive market.  Anyone who want to purchase in Addison needs to follow the market hourly!

Mar 01, 2015 04:03 PM