Real Estate Market Report for Addison, Texas: December 2018
Residential Real Estate For Sale in Addison Texas
December was a slow month for residential real estate in Addison. The total number of currently available residential properties for sale in Addison, Texas is 23, down from 27 last month. Inventory is still low! Currently for sale, there are:
- 8 single family homes (ranging in price from $337,000 - $524,900)
- 3 half-duplexes ($275,000 - $325,000)
- 10 condos ($179,900 – $499,900)
- 2 townhomes ($379,999 - $459,000)
Eighteen of the 23 available homes have been on the market for longer than 30 days. Homes are taking a little longer to sell as the market corrects.
The average number of days on the market for the “active” status, pre-owned homes is 88 days as compared to 69 last month). The median number of days on the market is 79 days, compared to last month’s 58 days.
New listings in December
Just 6 homes came on the market in Addison, TX in December 2018 as compared to 10 the previous month.
Subdivision |
Street |
BR/Bath/Gar |
Sq Ft |
List Price |
10/1/18 Status |
CONDOS |
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Meridian Square |
Meridian Ln. |
2/2.1/2 |
1966 |
$449,000 |
Active |
Townhomes of District A |
Breedlove |
2/2.1/2 |
2021 |
$345,000 |
Active |
Valley of Bent Tree |
Ledgemont Ln. |
2/2/0 |
1046 |
$181,900 |
Active |
HALF DUPLEXES |
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None This Month |
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TOWNHOUSES |
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None this month |
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SINGLE FAMILY HOMES |
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Grand Addison |
Aspen Ct. |
4/2.1/2 |
2329 |
$399,900 |
Active |
Midway Meadows |
Le Grande Dr. |
3/2/2 |
1674 |
$345,000 |
Active |
Oaks North |
Oaks North |
3/3.1/2 |
3916 |
$875,000 |
Cancelled |
Search for Addison real estate:
If you are looking for an Addison home, use the following link 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.
Search Addison Homes for Sale (after clicking, scroll down for results)
Properties Scheduled to Close
There are 7 sales in the pending status (waiting to close), as compared to 3 last month.
December Sales
Six Addison homes sold/closed in December; 7 closed the prior month. The median number of days on the market was 30 days, and last month the median was 37. The average number of days on the market was 34 days. The range in December for the previously owned homes was 13 days to 59 days. The average price per square foot of all previously owned homes that sold is $184.29, up from the $153.33 average the prior month. The average list price to sold price ratio is 98.31%, an increase to last month’s 97.06%.
It’s always a GREAT time to buy or sell a home in Addison!
Considering selling your Addison house? Contact me to discuss the selling and marketing process.
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