Real Estate Market Report for Addison, Texas: March 2020
Residential Real Estate For Sale in Addison Texas
The total number of currently available residential properties for sale in Addison, Texas is 24, and last month there were 26. Of the 24, 20 are pre-owned and 4 are new construction. Currently for sale, there are:
- 6 single family homes (ranging in price from $315,000 - $1,899,000)
- 1 half-duplex ($259,900)
- 9 condos ($159,900 – $549,900)
- 8 townhomes ($338,995 - $499,900)
Eleven of the 24 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 35 days (as compared to 49 last month). The median number of days on the market is 19 days, compared to last month’s 39 days.
New listings in March
Twenty one homes came on the market in Addison, TX in March, compared to 12 the previous month.
Subdivision |
Street |
BR/Bath/Gar |
Sq Ft |
List Price |
3/1/2020 |
CONDOS |
|
|
|
|
|
Aventura |
Addison Circle |
1/1/1 |
1347 |
$249,000 |
Active |
Brooktown Townhomes |
Vitruvian Way |
2/2.1/0 |
1373 |
$192,900 |
Active |
La Mirada Condos |
Proton |
2/2.1/1 |
1396 |
$258,888 |
Pending |
La Mirada Condos |
Proton |
2/2.1/1 |
1430 |
$275,000 |
Active |
La Mirada Condos |
Proton |
2/2.1/1 |
1396 |
$250,000 |
Active |
Pecan Square |
Beltway |
1/1/1 |
725 |
$159,900 |
Active |
Valley of Bent Tree |
Ledgemont Ln. |
2/2/0 |
1076 |
$180,000 |
Active |
HALF DUPLEXES |
|
|
|
|
|
Midway Meadows |
Morman Ln. |
3/2/2 |
1628 |
$259,900 |
Active |
TOWNHOUSES |
|
|
|
|
|
Meridian Square |
Spectrum Dr. |
3/3.1/2 |
2126 |
$475,000 |
Active |
Stanford Court Villas |
Stanford Ct. |
3/3/2 |
2360 |
$499,900 |
Active |
Stanford Court Villas |
Stanford Ct. |
3/3/2 |
2360 |
$469,900 |
Temp off Market |
Town Homes of Addison |
Curtis Ct. |
3/2.1/2 |
1770 |
$338,995 |
Active |
Towne Lake |
Towne Lake Cir. |
3/3/2 |
2034 |
$399,900 |
Active |
SINGLE FAMILY HOMES |
|
|
|
|
|
Addison Place |
Knots Landing |
3/2/2 |
1627 |
$299,000 |
Option |
Allen Bledsoe |
Winnwood |
5/4.1/3 |
6793 |
$1,650,000 |
Active |
Grand Addison |
Windsor Ct. |
3/2.1/2 |
2062 |
$419,000 |
Temp off Market |
Midway Meadows |
Le Grande Dr. |
3/2.1/2 |
1608 |
$315,000 |
Active |
Oaks North |
Buckingham Ct. |
3/3/3 |
3242 |
$650,000 |
Option |
Waterford |
Azure |
3/2/2 |
2311 |
$415,000 |
Temp off Market |
Waterford |
Azure |
3/2/2 |
2037 |
$409,000 |
Pending |
Woods Rev. |
Winnwood |
5/4.1/3 |
6862 |
$1,899,000 |
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 14 last month. Five of the 14 properties are incomplete new construction.
Sales
Sixteen Addison homes sold/closed in March; 15 closed the prior month. Homes that sold include 7 single family homes, 2 townhouses, 1 half duplex, and 6 condos. The median number of days on the market was 27 days, and last month the median was 29. The average number of days on the market was 45 days. The range in March for the previously owned homes was 1 day to 196 days. The average price per square foot of all previously owned homes that sold is $184.59, up from the $170.15 average the prior month. The average list price to sold price ratio is 98.17%, a slight decrease from last month’s 98.31%. There are still price reductions and offers accepted below full price, with few, if any, multiple offer situations.
Considering selling your Addison house? Contact me to discuss the selling and marketing process.
The numbers going forward over the next few months will be influenced by the Coronavirus. That is more than likely the reason for the number of newly listed homes that are in the “Temporarily Off the Market” status. Although the Governor has recently proclaimed that real estate in Texas is an essential business, many agents, buyers, and sellers are following the safe-at-home policy.
Although it’s always a GREAT time to buy or sell a home in Addison, please take precautions!
