Real Estate Market Report for Addison, Texas: December 2019

By
Real Estate Agent with United Real Estate TX #0552717

Real Estate Market Report for Addison, Texas: December 2019

Residential Real Estate For Sale in Addison Texas

The total number of currently available residential properties for sale in Addison, Texas is 34, and last month there were 32. Currently for sale, there are:

  • 11 single family homes (ranging in price from $294,900 - $1,400,000)Home sold in December 2019  on Rive Lane, Addison TX
  • No half-duplexes
  • 19 condos ($125,000 – $549,900)
  • 4 townhomes ($341,900 - $499,900)

Twenty seven of the 34 available homes have been on the market for longer than 30 days. Homes are taking longer to sell as the market continues to correct.

The average number of days on the market for the “active” status, pre-owned homes is 82 days as compared to 74 last month). The median number of days on the market is 63 days, compared to last month’s 67 days.

 

New listings in December

Seven homes came on the market in Addison, TX in December, compared to 11 the previous month.  

Subdivision

Street

BR/Bath/Gar

Sq Ft

List Price

1/1/20 Status

CONDOS

 

 

 

 

 

Brooktown Townhomes

Vitruvian Way

2/2.1/0

1373

$199,000

Active

Meridian Square Condos

Meridian Ln.

3/3/2

2214

$549,900

Active

Meridian Square Condos

Meridian Ln.

3/2.1/2

1944

$485,000

Active

Townhomes of District A

Quorum Dr.

2/2/2

1689

$289,900

Active

HALF DUPLEXES

 

 

 

 

 

None This Month

 

 

 

 

 

TOWNHOUSES

 

 

 

 

 

Addison Grove

Runyon

3/3.1/2

2440

$499,900

Active

SINGLE FAMILY HOMES

 

 

 

 

 

Grand Addison

Brookwood

3/2.1/2

1885

$389,000

Active

Waterford

Azure

3/3.1/2

2633

$449,900

Active

 

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 10 sales in the pending status (waiting to close), as compared to 24 last month. Nine of the 10 are incomplete new construction.

December Sales

Fifteen Addison homes sold/closed in December; 7 closed the prior month. Homes that sold include 8 single family homes, 4 townhouses, and 3 condos. The median number of days on the market was 24 days, and last month the median was 48. The average number of days on the market was 31 days. The range in December for the previously owned homes was 1 day to 101 days. The average price per square foot of all previously owned homes that sold is $182.62, up from the $176.95 average the prior month. The average list price to sold price ratio is 97.9%, a slight increase from last month’s 97.22%. There are still price reductions and offers accepted below full price, with few, if any, multiple offer situations.

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. 

Posted by

Lorrie Semler, e-PRO, GRI, SRES, CPRES, CRS
Addison Resident/Addison Specialist                                                      Subscribe Button
Real Service. Real Results. Real Estate.
United Real Estate
972-416-3417

http://www.AddisonUpdate.com                                                                                                                         

2011 Recipient of Addison Magazine's Readers Choice
Award for Best Residential Real Estate Agent.     

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Rainmaker
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Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Home buyers and sellers in Addison are likely to find this real estate market data valuable, Lorrie.

Jan 03, 2020 03:15 PM #1
Rainer
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Nicholas Crane
Woodland Companies - Cadott, WI
Managing & Appraising Forest Land

Thanks for sharing the information on this community, I hope you sell many of these properties. 

Nick  🏡

 

Jan 06, 2020 01:40 AM #2
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Rainmaker
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Lorrie Semler, REALTOR® in the Dallas area. Call/text 972-416-3417

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