Lake Highlands Housing Sales For November 2016 Are Up 19.1%

By
Real Estate Broker/Owner with DFW Team Realty
November 2016 Real Estate Market Summary for Lake Highlands, TX (MLS Area 18)
  Month Year to Date
  2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 68 81 19.1 1026 1049 2.2
Closed Sales (Projected) 68 91 33.8 1026 1059 3.2
Listings Under Contract 77 82 6.5 1097 1077 -1.8
Average Sales Price $255,285 $318,578 24.8 $264,392 $295,512 11.8
Median Sales Price $218,250 $315,000 44.3 $264,000 $297,000 12.5
Percent of Original Price Received 92.8 97.2 4.7 95.7 97.4 1.8
Days on Market Until Sale 72 54 -24.7 39 39 1.2
Inventory of Homes for Sale 217 162 -25.3      
Months Supply of Inventory 2.3 1.7 -29.5      

Houses sold this month saw a gain of 19.1% from November last year, with 81 houses sold this month. Property sales year to date reached 1049 total, a growth of 2.2% from the same month last year. There were 91 projected units sold this month, which was a rise of 33.8%. Year to date there were 1059 projected homes sold, and this was an increase of 3.2%. This month there were 101 new properties, and this was an uptick of 6.3%. New homes in the market in Lake Highlands year to date was 1329 total, a dip of 3%. This month there was a hike of 6.5% in the number of listings under contract in Lake Highlands in contrast to the same month last year. There were 82 listings under contract total this month. Year to date there was a decrease of 1.8% in listings under contract in Lake Highlands in contrast to last year. There were 1077 listings under contract this year. In November 2016 there was a decrease of 29.5% in approximate months supply of homes on the market in Lake Highlands. There were 1.7 approximate months supply of homes on the market total this month. The number of homes for sale in Lake Highlands in November 2016 saw a drop of 25.3%, with 162 homes for sale this month. In Lake Highlands in November 2016 the number of days on market until sale showed a drop of 24.7% compared to the same time of year 2015, with 54 days total. The total percent of list price received this month saw an uptick of 4.7%, with 97.2 percent of list price received total this month. Year to date the number of percent of asking price received in Lake Highlands reached 97.4 total, an uptick of 1.8%.

Click here to view homes in Lake Highlands.

 

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Bob Baesmann

DFW Team Realty | 972-978-8800
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