Addison, TX

MARKET UPDATE: Addison's Valley of Bent Tree Condominiums 1/1/09 - 6/30/09

There is currently only one unit for sale, priced at $64,000 and it has one covered parking space assigned. A pool and tennis courts are in the complex.

There have been 4 sales in the complex since January 1st, with $95.03 being the average price per sq. ft. (up from $90.80 for the previous 6 month period). Units sold from a low of $63,900 to a high of $94,900. The highest sale was at $101.21/sq ft, up from $95.72/sq ft for the previous 6-month period.

Please call me for a FREE MARKET ANALYSIS and suggestions on getting your condo ready to go on the market. Now is a great time to sell because there is so little competition at The Valley of Bent Tree! With only 69 active properties on the market in all of Addison (17 are condos), this is the time to sell while inventory is low!

Historical Perspective for Valley of Bent Tree:

Looking to purchase a condo in Addison? With mortgage rates so low, now is the time to buy!

The Valley of Bent Tree Condominiums in Addison, Texas at 16301 Ledgemont Lane are just north of Addison Circle, a hub of restaurants, entertainment and shopping. As an Addison resident, you may join the Addison Athletic Club, open to all Addison Texas residents, for a one-time $10 fee for as long as you reside in Addison. Close to major thoroughfares such as I-35, the Dallas North Tollway and 635, the Valley of Bent Tree Condos are ideally situated.

I work with buyers and sellers. Call me for your Addison real estate needs. (I also serve most of the North Dallas area, including Plano, Far North Dallas, Carrollton, Farmers Branch, Coppell .... and more).

Lorrie Semler, e-PRO, GRI
Addison Resident/Addison Specialist
Keller Williams - Dallas North
972-416-3417
www.LorrieSemler.com

MARKET UPDATE: Pecan Square Condos in Addison, Texas 1/1/09 - 6/30/09

There are currently no units on the market in the Multiple Listing Service for the Pecan Square Condominimums.

There has been only 1 sale in the complex since January 1st, at $127.10 per square foot (down from $129.94 six months ago). The 2 bedroom unit sold for $121,000 (as compared to the previous sales six months ago at $123,500 and $123,900).

Please call me for a FREE MARKET ANALYSIS and suggestions on getting your condo ready to go on the market. Now is a great time to sell because there is no competition at Pecan Square! With only 69 active properties on the market in all of Addison (17 are condos), this is the time to sell while inventory is low!

Historical Perspective:

Looking to purchase a condo in Addison? With mortgage rates so low, now is the time to buy!

The Pecan Square Condominiums in Addison, Texas are just down the street from the Addison Athletic Club, open to all Addison Texas residents for a one-time $10 fee for as long as you reside in Addison. Also within walking distance: Addison's "restaurant row" with scores of eateries, as well as entertainment and shopping. Close to major thoroughfares such as I-35, the Dallas North Tollway and 635, the Pecan Square Condos are ideally situated.

I work with buyers and sellers. Call me for your Addison real estate needs. (I also serve most of the North Dallas area, including Plano, Far North Dallas, Carrollton, Farmers Branch, Coppell .... and more).

Lorrie Semler, e-PRO, GRI, SRES
Addison Resident/Addison Specialist
Keller Williams - Dallas North
972-416-3417
www.LorrieSemler.com

Addison, Texas has not been as hard hit with foreclosures as other parts of the country, but foreclosures do exist here. The foreclosure auction is held at the county courthouse on the first Tuesday of each month. Properties on the following streets are posted for the August 4, 2009 auction and include one condo, one single family home, an office building and a shopping center.

If you think you might be interested in purchasing a property at the foreclosure auction, I suggest that you attend the auction for a few months, learn the procedure, and do your research about any property you might want to bid on. In Dallas County, the auctions are in the basement of the courthouse and trustees representing multiple banks sell at the same time. It's quite an interesting process. Only about 5% of the posted properties sell. The rest are taken back by the banks and may eventually be listed through real estate agents. It is usually the properties with lots of equity that sell.

New School in Addison - Public Information Meeting

Please join the Town of Addison and Dallas Independent School District officials along with the architects to learn more about the new school and its design, Wednesday, July 15, 2009 at the Addison Athletic Club; 6:30 PM.

Childcare services will be provided on site during the meeting. Please contact the Athletic Club staff in advance at 972-450-7048 if you wish to attend the meeting and use childcare services.

For more information visit http://www.addisontx.gov/repository/unmanaged_content/reports/City%20Managers%20Department/Reports/DISDMeetingSign-AthleticClub-07-09-09.pdf

Addison does not have it's own School District. Most of Addison falls within the DISD; part is within the Carrollton/Farmers Branch ISD. There are currently no public schools within Addison, but this new elementary school is to be built in Addison on property owned by the DISD at Loos Field House on Spring Valley Road.

Home sales in Addison, Texas during June, 2009

In the past 6 months, there have been 43 sales in Addison. That may not seem like a lot, but there are only 15,000 residents in Addison and many live in apartments. Addison home prices have held up well during these economic times. Addision is a great place to live, work and play.

Thinking about making Addison your home? Call me!

Lorrie Semler, e-PRO, GRI, SRES
Addison Resident/Addison Specialist
Keller Williams - Dallas North
972-416-3417
www.LorrieSemler.com