Hi, I’m Alan Smith the owner/ broker of Alan Smith Realtors providing you a “hassle free” real estate experience through written guarantees.
I’m bringing you the February 2016 Market Insider report for The Lakewood/East Dallas area.
Lakewood/East Dallas is a vibrant area incorporating some of Dallas’ most popular and prestigious
in-town neighborhoods. If you are not familiar with this area I would be glad to show you why I believe it’s the best area in Dallas to live.
The current market information I’m providing is for single family resale homes and is based on data from the North Texas Real Estate Information Systems (NTREIS) which is our local Multiple Listing Service (MLS). This data shows less than a 2 month supply of single family homes for February. 6 months indicates a balanced market so we remain in a strong seller’s market. There were 255 single family homes for sale in February which is up nearly 8% from this time last year. And 56 newly constructed homes were on the market. The average Days on Market has decreased slightly from this time last year to 39 days. With the Days on Market down and the tight home inventory our median sales price continues to be driven up. In the Lakewood/East Dallas area our median sales price is up 15% from this time last year to $370,250 for resale and $764,000 for new construction. You can see that new home construction is selling for almost double that of existing homes in the area.
So if you are thinking of buying or selling I believe now is a great time to take action and I will be glad to help you navigate this dynamic market! If you would like immediate help call me at 214-347-9023.
Or maybe you are just getting started then go to AlanSmithRealtors.com If you are a buyer click the buyer tab to get Instant Access to All the Homes for sale just like a Realtor. And if you are a seller click the seller tab to get Instant Access to All the homes that sold in your neighborhood just like a Realtor.
And remember at Alan Smith Realtors we don’t just promise you good service we guarantee it in writing!