Real Estate Market Report for Addison, Texas: April 2020

By
Real Estate Agent with United Real Estate TX #0552717

Real Estate Market Report for Addison, Texas: April 2020

Residential Real Estate For Sale in Addison Texas

The total number of currently available residential properties for sale in Addison, Texas is 28, and last month there were 24.  Of the 28, 25 are pre-owned and 3 are new construction. Currently for sale, there are:

  • 8 single family homes (ranging in price from $277,840 - $1,899,000)
  • 1 half-duplex ($315,000)
  • 11 condos ($180,000 – $399,900)Addison Grove Townhomes
  • 8 townhomes ($329,000 - $499,900)

Sixteen of the 28 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 56 days as compared to 35 last month). The median number of days on the market is 35 days, compared to last month’s 19 days.  

 

New listings in April

Fifteen homes came on the market in Addison, TX in April, compared to 12 the previous month.   

Subdivision

Street

BR/Bath/Gar

Sq Ft

List Price

5/1/2020
Status

CONDOS

 

 

 

 

 

Aventura

Addison Circle

2/2/2

1735

$300,000

Active

Aventura

Addison Circle

2/2/2

1740

$323,900

Active

La Mirada Condos

Proton

1/1.1/1

920

$215,000

Active

Meridian Square

Meridian Ln.

3/3/2

1635

$399,900

Active

Meridian Square

Meridian Ln.

2/2/2

1560

$345,000

Active

Townhomes of District A

Spectrum

2/2.1/2

1778

$329,000

Active

Townhomes of District A

Parkview

3/3.1/2

2450

$495,000

Active

HALF DUPLEXES

 

 

 

 

 

Midway Meadows

Morman Ln.

3/2.1/2

1853

$315,000

Active

TOWNHOUSES

 

 

 

 

 

Addison Grove

Runyon

2/2.1/2

1344

$369,900

Active

Asbury Circle

Amberwood Dr.

4/3.1/2

2317

$415,000

Active

SINGLE FAMILY HOMES

 

 

 

 

 

Addison Place

Vinland

2/2/2

1425

$274,900

Option

Addison Town Center

Park Pl.

4/3/2

3487

$499,000

Active

Grand Addison

Windsor

3/2.1/2

2062

$419,000

Active

Waterford

Canot

3/2/2

1508

$349,000

Pending

Waterford

Lakeview Ct.

3/2/2

1977

$372,900

Sold

 

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 11 sales in the pending status (waiting to close), as compared to 14 last month. Five of the 11 properties are incomplete new construction.

 

 Sales

Eleven Addison homes sold/closed in April; 16 closed the prior month. Homes that sold include 7 single family homes, 3 townhouses, and 1 condo. The median number of days on the market was 26 days, and last month the median was 27.  The average number of days on the market was 26 days. The range in April for the previously owned homes was 1 day to 93 days. The average price per square foot of all previously owned homes that sold is $198.94, up from the $184.59 average the prior month. The average list price to sold price ratio is 98.68%, a slight increase from last month’s 98.17%. 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 over the next few months will be influenced by the Coronavirus. While the Governor has proclaimed that real estate is an essential business, many agents, buyers, and sellers are following the safe-at-home policy. For some, it’s business as usual.

Although it’s always a GREAT time to buy or sell a home in Addison, please take precautions!

 

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

May 06, 2020 11:40 PM #1
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Lorrie Semler, REALTOR® in the Dallas area. Call/text 972-416-3417

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