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East Dallas:
Average Sales Price: May 2023 – $756,832 vs May 2022 – $887,160 = 14.6% decrease
Average Days On Market: May 2023 – 29 vs May 2022 – 13 = 123% increase
Average Sale Price Per SqFt: May 2023 – $337 vs May 2022 – $365 = 7.6% decrease
Sale to List Price Ratio: May 2023 – 98.2% vs May 2022 – 105% = 6.4% decrease
Number of Sold Listings: May 2023 – 142 vs May 2022 – 215 = 33.9% decrease
Months Supply of Inventory: May 2023 – 2.2 vs May 2022 – 1.4 = 57.1% increase
Mortgage Rate: May 2023 – 6.79% vs May 2022 – 5.09% = 33.3% increase:
Top 10 Sales:
4765 Chapel Hill Road $3,500,000
7243 Brennans Drive $2,700,000
7251 Brennans Drive $2,549,000
6843 Lorna Lane $1,895,000
6008 Kenwood Avenue $1,775,000
7003 Coronado Avenue $1,649,000
6443 Anita Street $1,625,000
5821 Kenwood Avenue $1,595,000
4020 Santa Barbara Drive $1,549,000
5521 Willis Avenue $1,425,000
AlansLuxuryHomes #AskAlanSmith #EastDallas #Lakewood #AlanSmith
Additionally you will find below the 4 Neighborhood Reports for May 2023 compared to 2022.
See you next month for the real estate market report.
P.S. You are an important part of my business so if you know someone who would benefit from this information, please feel free to share it.
P.P.S. I have a stellar network of national and international agents who can help you, your friends and family buy or sell any where in the world! Let me know how I can help.
