Real Estate Market Report for Addison, Texas: January 2020

By
Real Estate Agent with United Real Estate TX #0552717

Real Estate Market Report for Addison, Texas: January 2020

Residential Real Estate For Sale in Addison Texas

The total number of currently available residential properties for sale in Addison, Texas is 30, and last month there were 34. Of the 30, 19 are pre-owned and 11 are new construction. Currently for sale, there are:Towne Lake townhomes in Addison TX

  • 8 single family homes (ranging in price from $302,000 - $1,150,000)
  • No half-duplexes
  • 14 condos ($159,000 – $549,900)
  • 8 townhomes ($349,000 - $499,900)

Fifteen of the 30 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 51 days as compared to 82 last month). The median number of days on the market is 15 days, compared to last month’s 67 days.

 

New listings in January

Twenty three homes came on the market in Addison, TX in January, compared to 7 the previous month.  

Subdivision

Street

BR/Bath/Gar

Sq Ft

List Price

2/1/2020
Status

CONDOS

 

 

 

 

 

Meridian Square Condos

Meridian Ln.

3/3/2

2214

$549,900

Pending

Townhomes of District A

Quorum Dr.

2/2.1/2

1845

$325,000

Active

Townhomes of District A

Morris Ave.

2/2.1/2

1982

$359,000

Active

Valley of Bent Tree

Ledgemont Ln.

2/1.1/0

978

$159,000

Active

HALF DUPLEXES

 

 

 

 

 

Midway Meadows

Morman Lane

3/2/2

1738

$289,800

Option

TOWNHOUSES

 

 

 

 

 

Addison Grove

Runyon Rd.

2/2.1/2

1380

$345,000

Active

Addison Grove

Runyon Rd.

3/3.1/2

2440

$523,900

Pending

Addison Grove

Runyon Rd.

2/2.1/2

1344

$370,000

Active

Addison Grove

Oak St.

3/3.1/2

2153

$449,900

Active

Asbury Circle

Asbury Lane

3/3.1/2

2317

$412,000

Active

Town Homes of Addison

Oberlin Way

3/2.1/2

1884

$369,000

Active

Towne Lake

Towne Lake

3/2.1/2

2521

$465,000

Active

SINGLE FAMILY HOMES

 

 

 

 

 

Bellbrook Estates

Bellbrook Dr.

3/3.1/3

4589

$1,150,000

Active

Chatham Court

Chancey St.

3/3/2

2131

$350,000

Active

Grand Addison

Camelot Court

3/2.1/2

2406

$439,000

Active

Grand Addison

Woodshadow

4/3/2

2941

$369,900

Active

Grand Addison

Princeton Ct.

3/2/2

1574

$350,000

Active

Midway Meadows

Le Grande

3/2/2

2917

$454,000

Option

Midway Meadows

Winter Park Ln.

3/2/2

1501

$302,000

Active

Oaks North

Oaks North Pl.

3/3/2

3026

$575,000

Active

Oaks North

Buckingham

3/3/2

2338

$499,000

Option

Waterford

Canot

3/2.1/2

2015

$337,000

Option

Waterford

Ridgelake

5/2.1/2

2899

$570,000

Option

 

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 15 sales in the pending status (waiting to close), as compared to 10 last month. Eight of the 15 properties are incomplete new construction.

January Sales

Six Addison homes sold/closed in January; 15 closed the prior month. Homes that sold include 3 single family homes, 1 townhouse, and 2 condos. The median number of days on the market was 34 days, and last month the median was 24. The average number of days on the market was 56 days. The range in January for the previously owned homes was 23 day to 160 days. The average price per square foot of all previously owned homes that sold is $186.05, up from the $182.62 average the prior month. The average list price to sold price ratio is 96.9%, a decrease from last month’s 97.9%. 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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Sara Wagner
The Woodland Companies - Adams, WI
Stevens Point Rentals

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

Sara 😊

 

Feb 01, 2020 11:53 PM #1
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Jim Crawford
Maximum One Executive REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR

Thank you for sharing this information!  This is exactly what buyers and sellers need to make informed decisions!

Feb 03, 2020 07:50 AM #2
Rainmaker
2,677,173
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

That's valuable real estate market data for home buyers and sellers in Addison, Lorrie.

Feb 05, 2020 06:01 AM #3
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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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