About Dallas' Far North Dallas

Sales were down by 38% in Far North Dallas in April. The average sales price was up by 13% and the median sales price increased by 7% as sales continue to be concentrated in the upper price ranges above $500,000.

The number of new listings declined by 5% while the number of active listings increased by 6%. At current absorption rates there is a 9 month supply on the market.

The pending sales number declined by 38%.

Sales: 62

Average Sales Price: $339,949

Median Sales Price: $284,500

New Listings: 178

Active Listings: 575

Months of Inventory: 9

Pending Sales: 60

Far North Dallas continues to be one of the few bright spots. Sales were up 14% in March. The average sales price increased by 6% while the median sales price was up by 9%.

The larger homes are still bucking the trend and especially those above $400,000.

The number of new listings declined by 9% but the number of active listings climbed by 3%.

We still have an over supply with the months of inventory standing at 7.7 months.

There was a drop of 13% in the pending sales numbers so we will have to watch for a potential drop in sales next month.

Leasing activity remains strong as a number of people are renting instead of buying. In March average rents increased by 4% to $1706. Renters do not have much to choose from with only a 2.3 months supply on the market.

Sales: 75

Average Sales Price: $289,914

Median Sales Price: $270,000

New Listings: 206

Active Listings: 524

Pending sales: 62

Months of Inventory: 7.7

Between January 2010 and January 2011, there was not a significant change in the number of home sales or median sales price in far North Dallas. Homes in the $100,000-$150,000 price range were on the market for 166 days before selling in January 2011 compared to just 52 days in January 2010. Homes priced $500,000-$750,000 also saw a large increase in time spent on the market before selling, with an increase from 175 days in 2010 to 223 in 2010. Homes in the $100,000-$150,000 price range sold for a much lower price than their listing price in January 2011, selling for 81.8% of the list price. In January 2010, homes in this price range sold for 96% of their list price. Homes in the $200,000-$500,000 price range made up a majority of home sales for far North Dallas in both January 2010 and 2011 with 74.3% of sales in 2010 and 72.2% of sales in 2011.



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

While sales were not great they still were up by 3%. The trend of higher prices houses selling continues! The average sales price showed a decline of 17% but looking back to the sales that occurred in January of 2010 we find that there were several sales in excess of $650,000. when you take these higher prices sales out of the mix it appears that the sales price was just about flat. The median sales price was flat.

The number of new listings dropped by 13% but the number of active listings continued to increase by 11%.

The months of inventory now stands at 6.6 months which is not that bad as compared to some other areas of Dallas.

The pending sales number declined by 7%. Maybe with better weather in Febuary the sales will pick up.

Sales: 40

Average Sales Price: $291,914

Median Sales Price: $288,950

New Listings: 109

Active Listings: 438

Months of Inventory: 6.6

Pending Sales: 42

Sales were up by 8% in December! The average sales price fell by 31% but before you have a heart attack there is a reason for this decline. In December of 2009 there were 4 sales in the area above $1,000,000 and 1 of these sold for $4,000.000. In December of 2010 there were no sales above $1,000000. When you take these 4 sales out and then compare the average sales prices you find that prices were just about flat.

The number of new listings were down by 18% but the number of active listings increased by 24%.

The months of inventory now stands at 6.8 months.

Pending sales were down by 10%.

Sales: 54

Average Sales Price: $316,021

Median Sales Price: $269,000

New Listings: 67

Active Listings: 450

Months of Inventory: 6.8

Pending Sales: 36