Blueridge Housing Sales For November 2016 Are Up 33%

Real Estate Broker/Owner with DFW Team Realty
November 2016 Real Estate Market Summary for Blueridge, TX (MLS Area 67)
  Month Year to Date
  2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 0 -42 33 -21.4    
Closed Sales (Projected) 0 -42 33 -20.8    
Listings Under Contract 2 3 50.0 43 37 -14.0
Average Sales Price $0 $300,680 242720 $268,816 $11  
Median Sales Price $0 $300,680 160000 $227,200 $42  
Percent of Original Price Received 0.0 90.3 -92.3 92.4 0.1  
Days on Market Until Sale 0119 -72 81 12.9    
Inventory of Homes for Sale 19 15 -21.1      
Months Supply of Inventory 4.0 5.1 29.9      

This month the number of home sales experienced a climb of 33% from 2015, with -42 sold total. Year to date the number of reported houses sold saw no change in contrast to the same month 2015, with sold total this year. In Blueridge there was a climb of 33% in projected residential property sales this month. There were -42 projected residential property sales total this month. There were projected real estate sales year to date, which was no change. This month in Blueridge the number of new property listings in the market was at 7, a hike of 40%. Year to date in Blueridge newly listed houses in the market reached 51 total, a drop of 25%. The number of listings under contract this month in Blueridge underwent a growth of 50% relative to 2015, with 3 under contract total. In Blueridge year to date the number of contract listings underwent a dip of 14% in contrast to last year, with 37 listed on contract total this year. The number of approximate months supply of inventory this month in Blueridge showed a rise of 29.9%, with 5.1 months supply total. In Blueridge this month the number of homes for sale on the market showed a decline of 21.1%, with 15 listed for sale total. In November 2016 the number of days on market until sale underwent an increase of 81% in contrast to 2015, with -72 days total. Percent of original list price received this month lost 92.3%, with 90.3 percent of original list price received this month. Percent of list price received in Blueridge year to date was 0.1, no change.

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Bob Baesmann

DFW Team Realty | 972-978-8800
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