Lucas Housing Sales For February 2016 Higher 42%

By
Real Estate Broker/Owner with DFW Team Realty
February 2016 Real Estate Market Summary for Lucas, TX (MLS Area 52)
  Month Year to Date
  2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 23 230.0 42 33 -21.4  
Closed Sales (Projected) 23 26 12.4 42 36 -14.7
Listings Under Contract 26 25 -3.8 49 50 2.0
Average Sales Price $466,025 $403,550 -13.4 $445,471 $440,333 -1.2
Median Sales Price $414,000 $370,000 -10.6 $362,500 $375,000 3.4
Percent of Original Price Received 98.7 97.7 -0.9 97.6 97.1 -0.4
Days on Market Until Sale 52 57 10.2 61 56 -7.8
Inventory of Homes for Sale 63 86 36.5      
Months Supply of Inventory 2.1 2.7 30.3      

In Lucas in February 2016 recorded residential properties sold was at 230.0, an increase of 42% from 2015. There was no difference in the number of home sales year to date from 2015. There were -21.4 home sales total this year. In February 2016 there were 26 projected real estate sales, and this was an uptick of 12.4%. Year to date the number of projected real estate sales was 36 total, a slump of 14.7%. The number of new house listings in February 2016 was 39, an uptick of 62.5%. The number of newly listed houses in the market year to date experienced an improvement of 24.5%, with 66 newly for sale total this year. In February 2016 the number of listings under contract showed a dip of 3.8% in contrast to the same time of year last year, with 25 listed on contract total. Homes listed under contract year to date underwent a gain of 2% from last year, with 50 listed on contract total this year. In February 2016 approximate months supply of houses on the market in Lucas showed an improvement of 30.3%, with 2.7 months of supply total. Houses for sale this month underwent a gain of 36.5%, with 86 listed in the market total. There was a growth of 10.2% in days on market until sale this month from 2015. There were 57 days on market until sale total this month. In February 2016 percent of asking price received showed a dip of 0.9%, with 97.7 percent total. The number of percent of list price received year to date in Lucas was 97.1 total, a down-slide of 0.4%.

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