SOUTHLAKE, TEXAS - In a report released today from the leading online home value site Zillow for the first quarter of 2008, the US is experiencing Record-Breaking Declines (-7.7%) in year-over-year home values (YoY). While that may not be bad news for some, the Dallas metro area was one of 30 markets (out of 160) which showed home value appreciation from a year ago (1.1%). 
Local Area Highlights:
City: Grapevine, TX
One year change: +3.4%
City: Southlake, TX
One year change: +3.6%
According to the Dallas Business Journal, three key reasons that have helped maintain a strong home value in the area are; (1) Zoning regulations and an ample land supply; (2) A robust job market; (3) It's physical location (central to both U.S. coasts and Mexico). Dallas has consistently outpaced the rest of the country on nearly every important economic stability indicator and is currently running counter to national housing trends.
For a local market analysis of homes in your neighborhood, click here to request our FREE Market Snapshot.
Posted by:
Brenda Magnes, Brenda Blaser & Pam Yoakum Realty Group
Ebby Halliday REALTORS, Southlake
www.MBYRealtyGroup.com
| 10 VITAL STATISTICS - Keller, TX |
Feb-08 |
Month ago | Year ago |
| 1- Total Active Residential Listings | 455 | 447 | 406 |
| 2- Ave List Price | $300,613 | $429,872 | $279,339 |
| 3- Ave Sale Price | $291,858 | $417,352 | $271,203 |
| 4- Median Sale Price | $270,000 | $372,500 | $205,250 |
| 5- Sale/List Price Percent | 97% | 97% | 97% |
| 6- Sales Price per Square Foot | $99 | $120 | $103 |
| 7- Ave Market Time | 83 Days | 91 Days | 76 Days |
| 8- Number Sales Month / YTD | 65 / 97 | 32 / 32 | 54 / 111 |
| 9- Number of Months of Supply | 6 months | 6 months | 4.5 months |
| 10- Prime Interest Rate | 5.00 | 5.25 | 8.25 |
The following report was prepared using information provided by NTREIS, through Feb. 29, 2009.
Prime Interest Rate data provided by bankrate.com.
http://www.mbyrealtygroup.com/keller-feb-2008.html
For a local market analysis of homes in your neighborhood, click here to request our FREE Market Snapshot.
| 10 VITAL STATISTICS - Colleyville, TX |
Feb-08 |
Month ago | Year ago |
| 1- Total Active Residential Listings | 236 | 242 | 229 |
| 2- Ave List Price | $598,807 | $464,004 | $525,802 |
| 3- Ave Sale Price | $575,776 | $450,490 | $510,488 |
| 4- Median Sale Price | $434,000 | $375,000 | $385,500 |
| 5- Sale/List Price Percent | 96% | 97% | 97% |
| 6- Sales Price per Square Foot | $136 | $120 | $130 |
| 7- Ave Market Time | 73 Days | 94 Days | 68 Days |
| 8- Number Sales Month / YTD | 30 / 44 | 14 / 14 | 33 / 66 |
| 9- Number of Months of Supply | 6.4 months | 6.6 months | 5.4 months |
| 10- Prime Interest Rate | 5.00 | 5.25 | 8.25 |
For a local market analysis of the homes in your neighborhood, click here to request our FREE Market Snapshot.
The following report was prepared by MBY Realty Group using information provided by NTREIS, Prime Interest Rate data provided by bankrate.com.
| 10 VITAL STATISTICS - Westlake/Trophy Club, TX |
Feb-08 |
Month ago | Year ago |
| 1- Total Active Residential Listings | 131 | 124 | 121 |
| 2- Ave List Price | $279,763 | $339,057 | $689,417 |
| 3- Ave Sale Price | $274,278 | $335,700 | $682,592 |
| 4- Median Sale Price | $271,000 | $257,500 | $284,000 |
| 5- Sale/List Price Percent | 98% | 99% | 99% |
| 6- Sales Price per Square Foot | $100 | $122 | $188 |
| 7- Ave Market Time | 64 Days | 86 Days | 76 Days |
| 8- Number Sales Month / YTD | 10 / 18 | 8 / 8 | 11 / 22 |
| 9- Number of Months of Supply | 8.4 months | 7.9 months | 6.5 months |
| 10- Prime Interest Rate | 5.00 | 5.25 | 8.25 |
For a local market analysis of homes in your neighborhood, click here to request our FREE Market Snapshot.
The following report was prepared by MBY Realty Group using information provided by NTREIS, Prime Interest Rate data provided by bankrate.com.
| 10 VITAL STATISTICS - Southlake, TX |
Feb-08 |
Month ago | Year ago |
| 1- Total Active Residential Listings | 290 | 245 | 230 |
| 2- Ave List Price | $736,488 | $594,003 | $659,893 |
| 3- Ave Sale Price | $708,143 | $576,702 | $634,496 |
| 4- Median Sale Price | $529,500 | $532,450 | $572,500 |
| 5- Sale/List Price Percent | 96% | 97% | 96% |
| 6- Sales Price per Square Foot | $161 | $146 | $147 |
| 7- Ave Market Time | 66 Days | 58 Days | 101 Days |
| 8- Number Sales Month / YTD | 31 / 60 | 29 / 29 | 40 / 73 |
| 9- Number of Months of Supply | 6 months | 5 months | 4.4 months |
| 10- Prime Interest Rate | 5.00 | 5.25 | 8.25 |
For a local market analysis of homes in your neighborhood, click here to request our FREE Market Snapshot.
The following report was prepared by MBY Realty Group using information provided by NTREIS, Prime Interest Rate data provided by bankrate.com.
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Brenda Magness Realty Group and Associates, 20 Years of Real Estate Experience. Serving: Southlake, Texas; Colleyville, Texas; Grapevine, Texas; Keller, Texas; and Westlake, Texas.
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