May 8. 2008 - Market Stats this year versus last

Things I found interesting on this table (provided to us by Hexter Fair Title).

Only four areas showed an increase in number of sales this year versus last (Anna, Oak Cliff, Prosper, and Wylie). Those are highlighted in yellow.
In almost every subarea, the number of home sales were down, but the average sale prices were up. And in some areas, quite significantly.

What this means is exactly what I (and many others) have been saying for some time now. It is taking longer to sell a home in the Dallas area (as evidenced by the average days on market column), but the sale prices are not only holding, in most cases, they are actually increasing. How many areas of the country do you think can match that?

This is because we already had a very affordable home buying market before the economy started to slow. We don't see the huge home price fluctuations like the east and west coast, nor are we hit as badly when the economy stalls.

Now is a GREAT time to buy a home!

	# of Sales	% Change vs. Prior Year	Average Sale Price	% Change vs. Prior Year	Average Days on Market	% Change vs. Prior Year
Allen	414	-15%	$251,824	10%	91	30%
Anna	73	1%	$127,187	-3%	96	8%
Carrollton/F.Branch	534	-7%	$184,490	6%	73	24%
Celina	26	-42%	$192,803	2%	108	27%
Coppell	153	-24%	$321,545	12%	58	0%
Denton County N	785	-15%	$146,556	-6%	83	5%
Denton County S	1091	-19%	$236,102	-1%	75	27%
Dallas E	700	-16%	$253,352	0%	80	19%
Dallas Far N	291	-30%	$338,940	3%	78	34%
Dallas N	148	-35%	$963,222	10%	91	23%
Dallas NE	203	-16%	$243,366	2%	66	18%
Dallas NW	143	-40%	$217,911	2%	84	24%
Fairview/Lucas	88	-6%	$395,141	13%	92	7%
Frisco	840	-9%	$300,379	3%	98	29%
Garland	624	-12%	$114,504	-10%	76	1%
Irving	396	-13%	$186,497	2%	75	-3%
McKinney	605	-28%	$223,529	1%	84	14%
Melissa	36	-31%	$189,023	12%	131	8%
Mesquite	582	-16%	$93,002	-11%	92	14%
Oakcliff N	423	-13%	$93,960	-11%	75	1%
Oakcliff S	188	11%	$60,779	-18%	83	17%
Park Cities	218	-21%	$1,228,057	8%	90	41%
Plano	1080	-11%	$273,391	4%	73	30%
Prosper	98	15%	$301,293	1%	153	65%
Richardson	324	-15%	$165,726	-5%	68	15%
Rockwall	365	-24%	$244,584	5%	93	11%
The Colony	165	-16%	$150,564	3%	78	42%
Uptown (condos)	253	-41%	$338,201	20%	113	6%
Wylie	287	4%	$171,681	-2%	84	2%

Disclaimer: All measurements are shot with an electronic laser distance finder and the distances rounded off to the nearest foot by Broker. While these devices are generally reliable, they can return false readings. Broker advises Purchaser to rely strictly on their own measurements and findings. All information provided herein has been provided to Broker by Owner and/or other reliable sources. Although Broker has no reason to doubt information provided herein, Broker does not warrant or guarantee it.