End of Year 2010 Real Estate Transactions for North Dallas, TX

North Dallas Area 11 is located from I-635 to Northwest Highway (Loop 12) and I-75 to Midway Road. The number of homes sold increased from 489 in 2009 to 590 in 2010. The median sales price dropped from $550,000 in 2009 to $529,000 in 2010. Homes across every price range were on the market for more days in 2010 compared to 2009. The most significant difference was in homes in the $150,000 range which saw an increase from 100 days on the market to almost 150 days on market before selling. The market share of homes by price did not change significantly between 2009 and 2010. About 30% of all homes were in the $500,000 range, 20% in the $750,000 range, and 35% in the over $750,000 range. The original list price to sales price percentage increased from 13.9% in 2009 and 15.3% in 2010. In 2009, the most homes sold in North Dallas were between the months of May and October, with the fewest sales taking place in January and February. In 2010, the majority of home sales took place from March to June and in November and December. The fewest number of sales took place from January to February. The North Dallas area had more months of inventory for all homes priced over $300,000 in 2009 when compared to 2010. All price ranges over $300,000 had approximately 5 months more of inventory in 2009 compared to 2010.



If you would like any more information about moving to the North Dallas area, contact Brenda Mancil at 214-679-1772, bmancil@remax.net, or www.HomesPricedToSell.com.