Through the first four months of 2008, more than 17,000 D-FW area homes have been posted for foreclosure. Dallas Fort Worth Home foreclosures up 19% in 2008 according to Dallas Morning News Report. (Full Article)
The number of Dallas-Fort Worth area homes faced with foreclosure rose 19 percent for April compared with a year earlier due to subprime mortgage difficulties and the fact that homeowners in new home neighborhoods took on too much debt.
More than 4,100 D-FW homes are on next month's foreclosure list.
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The Dallas Real Estate market is presently doing well despite the numerous foreclosures that are on the market.
Dallas, TX Market Snapshot for February 2008
| City | January #Sales | Jan-2008 Average Sales Price | February #Sales | Feb-2008 Average Sales Price |
|---|---|---|---|---|
| Dallas | 600 | $234,440 | 639 | $413,140 |
| Fort Worth | 398 | $138,231 | 470 | $148,135 |
| Arlington | 212 | $130,404 | 242 | $134,609 |
| Plano | 159 | $240,234 | 196 | $230,573 |
| McKinney | 124 | $232,815 | 146 | $217,910 |
| Frisco | 87 | $266,505 | 63 | $317,224 |
| Allen | 72 | $240,442 | 104 | $227,402 |
| Keller | 44 | $333,388 | 70 | $274,731 |
| Mesquite | 83 | $101,335 | 107 | $93,777 |
| Irving | 98 | $167,639 | 96 | $188,460 |
| Grand Prairie | 35 | $141,195 | 43 | $168,812 |
| Garland | 132 | $108,943 | 147 | $105,261 |
| Desoto | 59 | $130,504 | 60 | $137,505 |
North Dallas Homes for Sale
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