Real Estate Market Report for Addison, Texas: February 2020

By
Real Estate Agent with United Real Estate TX #0552717

Real Estate Market Report for Addison, Texas: February 2020

 

Residential Real Estate For Sale in Addison Texas

The total number of currently available residential properties for sale in Addison, Texas is 26, and last month there were 30.  Of the 26, 22 are pre-owned and 4 are new construction. Currently for sale, there are:

  • 9 single family homes (ranging in price from $299,000 - $1,150,000)
  • No half-duplexes
  • 9 condos ($180,000 – $549,900)Towne Lake subdivision in Addison TX
  • 8 townhomes ($338,995 - $499,900)

Sixteen of the 26 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 49 days as compared to 51 last month). The median number of days on the market is 39 days, compared to last month’s 15 days.  

 

New listings in February

Twelve homes came on the market in Addison, TX in February, compared to 23 the previous month.   

Subdivision

Street

BR/Bath/Gar

Sq Ft

List Price

2/6/2020
Status

CONDOS

 

 

 

 

 

Aventura

Addison Circle

2/2.1/2

1906

$330,000

Active

Meridian Square Condos

Meridian Ln.

3/3/2

2214

$549,900

Pending

Meridian Square Condos

Meridian Ln.

2/2.1/2

1941

$445,000

Option

Valley of Bent Tree

Ledgemont Ln.

1/1/0

716

$122,500

Option

Valley of Bent Tree

Ledgemont Ln.

2/2/0

1076

$180,000

Active

HALF DUPLEXES

 

 

 

 

 

None this month

 

 

 

 

 

TOWNHOUSES

 

 

 

 

 

Stanford Court Villas

Stanford CT.

3/3/2

2360

$439,880

Option

Towne Lake

Towne Lake Circle

3/2.1/2

2470

$425,000

Active

SINGLE FAMILY HOMES

 

 

 

 

 

Bellbrook Estates

Bellbrook Dr.

4/4.2/3

5474

$1,049,900

Pending

Grand Addison

Longfellow Ct.

3/2.1.2

2466

$390,000

Option

Les Lacs

Sherry Ln.

4/2.1/2

2424

$460,000

Pending

Waterford

Azure Ln.

3/2/2

2037

$450,000

Active

Waterford

Waterford Dr.

3/2.1/2

2186

$365,000

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 14 sales in the pending status (waiting to close), as compared to 15 last month. Five of the 14 properties are incomplete new construction.

 

February Sales

Fifteen Addison homes sold/closed in February; 6 closed the prior month. Homes that sold include 10 single family homes, 2 townhouses, and 3 condos. The median number of days on the market was 29 days, and last month the median was 34.  The average number of days on the market was 57 days. The range in February for the previously owned homes was 1 day to 201 days. The average price per square foot of all previously owned homes that sold is $170.15, down from the $186.05 average the prior month. The average list price to sold price ratio is 98.31%, an increase from last month’s 96.9%. 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.     

Information About Brokerage Services                                                         

                                                                                                

    Find me on the Web:

Lorrie Semler Facebook Lorrie Semler LinkedInLorrie Semler Twitter

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
Texas Dallas County Addison
Groups:
Posts to Localism
Local Expert
Positive Real Estate News
Market Reports
HyperLocal Neighborhood and Community Posts

Spam prevention
Show All Comments
Rainmaker
2,721,314
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Addison home buyers and sellers are certain to find your market report valuable, Lorrie.

Mar 07, 2020 01:23 PM #1
Rainer
267,753
Tracy Hawke, The Woodland Companies!
Woodland Management Service - Minocqua, WI
Wisconsin Forest Land Experts!

Thanks for the update on this community, all the best to you as you get many of these properties listed and sold.

Tracy

 

Mar 08, 2020 12:42 AM #2
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
1,249,627

Lorrie Semler, REALTOR® in the Dallas area. Call/text 972-416-3417

Real Service. Real Results. Real Estate
Want more information? Just ask!
*
*
*
*
Spam prevention

Additional Information