North of Northwest Hwy and South of LBJ.
Percentage wise sales were up 54% in December but this number was coming off an extremely terrible December of 2008. The actual number of sales was 43. The average Sales price declined by 39% and the median sales price was down by 37%. These numbers do not represent an overall decline in sales price but reflect the fact the homes in the upper price ranges continue to not sell. The number of new listings continues to decline along with the number of active listings but we still have a 12.8 months supply on the market.
Sales: 43
Average Sales Price: $651,416
Median Sales Price: $499,900
Pending Sales: 17
New Listings: 43
Active Listings: 486
Months of inventory: 12.8
North of LBJ
Marie..Great Sales Ave Price..our Denver Median is 220,000..whats is Dallas
Gary d for Denver
Gary,
I don't have a number for the City of Dallas. The numbers I use are from our MLS system which does not break Dallas. Our MLS is very large and covers Dallas, Ft. Worth, a number of surrounding counties and even extends to Abilene which is 180 miles from Dallas.
The average sales price over all in the system is $189,817 for single family homes.
The North Dallas area I report on is a small area of some of the highest priced real estate in Dallas and if you owned a home there you would not be happy with that number. The average sales price in this sub-area in December of 2008 was $1,063,555.