Real Estate Market Report for Addison, Texas: May 2020

By
Real Estate Agent with United Real Estate TX #0552717

Real Estate Market Report for Addison, Texas: May 2020

Residential Real Estate For Sale in Addison Texas

The total number of currently available residential properties for sale in Addison, Texas is 37, and last month there were 28.  Of the 37, 30 are pre-owned and 7 are new construction. Currently for sale, there are:Pool at Towne Lake in Addison TX

  • 10 single family homes (ranging in price from $335,000 - $2,195,000)
  • 1 half-duplex ($315,000)
  • 17 condos ($175,000 – $469,000)
  • 9 townhomes ($354,900 - $499,900)

Twenty two of the 37 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 60 days as compared to 56 last month). The median number of days on the market is 39 days, compared to last month’s 35 days.  

 

New listings in May

Twenty five homes came on the market in Addison, TX in May, compared to 15 the previous month.   

Subdivision

Street

BR/Bath/Gar

Sq Ft

List Price

6/1/2020
Status

CONDOS

 

 

 

 

 

Aventura

Addison Circle

1/1/1

1328

$258,000

Active

Aventura

Addison Circle

2/2/2

1812

$350,000

Active

Meridian Square

Meridian Ln.

3/3/2

1635

$415,000

Temp Off

Meridian Square

Meridian Ln.

2/2/2

1560

$345,000

Active

Townhomes of District A

Spectrum

2/2.1/2

1863

$339,900

Pending

Townhomes of District A

Parkview

3/2.1/2

2450

$465,000

Active

Valley of Bent Tree

Ledgemont Ln.

1/1/0

746

$139,900

Pending

Valley of Bent Tree

Ledgemont Ln.

1/1/0

696

$137,500

Pending

HALF DUPLEXES

 

 

 

 

 

Midway Meadows

Morman Ln.

3/2.1/2

1918

$318,500

Active

TOWNHOUSES

 

 

 

 

 

Addison Grove

Runyon Rd.

3/3.1/2

2455

$499,900

Active

Addison Grove

Runyon Rd.

2/2.1/2

1380

$354,900

Active

Asbury Circle

Asbury Ln.

4/3.1/2

2517

$415,000

Active

Meridian Square

Breedlove Pl.

3/2.1/2

2166

$499,000

Active

Meridian Square

Spectrum Dr.

3/3.1/2

2126

$475,000

Active

Towne Lake

Towne Lake Circle

3/2.1/2

2470

$425,000

Pending

SINGLE FAMILY HOMES

 

 

 

 

 

Addison Town Center

Park Place

4/3.1/2

3633

$559,000

Pending

Bellbrook Estates

Havenshire Pl.

4/4.2/3

7315

$2,195,000

Active

Chatham Court

Camden Ln.

3/2/2

1647

$349,000

Pending

Chatham Court

Chancey St.

3/2.1/2

2272

$382,499

Active

Grand Addison

Emerald Ct.

3/2.1/2

1878

$369,900

Active

Grand Addison

Woodshadow Ln.

4/2/2

1818

$335,000

Active

Les Lacs Garden Homes

Rive

3/3/2

1684

$350,000

Active

Waterford

Azure

3/2/2

1827

$349,000

Sold

Waterview Estates

Waterview Circle

4/2.1/2

2155

$460,000

Option

Westfield Court

Vintage Ln.

3/2/2

2228

$410,000

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 18 sales in the pending status (waiting to close), as compared to 11 last month. Seven of the 18 properties are new construction.

 

 Sales

Nine Addison homes sold/closed in May; 11 closed the prior month. Homes that sold include 4 single family homes, 2 townhouses, 1 half duplex, and 2 condos. The median number of days on the market was 19 days, and last month the median was 26.  The average number of days on the market was 26 days. The range in May for the previously owned homes was 3 day to 55 days. The average price per square foot of all previously owned homes that sold is $187.59, down from the $198.94 average the prior month. The average list price to sold price ratio is 98.78%, a slight increase from last month’s 98.68%. 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. While the Governor has proclaimed that real estate is an essential business, many agents, buyers, and sellers are following the safe-at-home policy, yet 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.     

Information About Brokerage Services                                                         

                                                                                                

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Rainmaker
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Realtyna Inc
Realtyna - Newark, DE
Realtyna- MLS RETS Integration software & services

Hi Lorrie Semler, REALTOR® in the Dallas area. Call/text 972-416-3417, thanks for this update from Addison. Wishing you safety and success in the coming months.

Jun 05, 2020 02:19 AM #1
Rainmaker
2,840,113
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Addison home buyers and sellers are sure to value your real estate market report, Lorrie.

Jun 05, 2020 04:53 AM #2
Rainer
336,163
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

Jun 07, 2020 06:53 PM #3
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Rainmaker
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Lorrie Semler, REALTOR® in the Dallas area. Call/text 972-416-3417

Real Service. Real Results. Real Estate
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