Sales resumed their decline after rising last month. The number of new and active listings continued to declined helping to keep supply/demand in balance. For the year to date the average and median sales price is still possitive. Allen has one of the lowest supply of homes available for sale in the area. The homes that are in the best condition and priced correctly sell quickly.
If you are interested in a new home in the DFW area and would like information about builders products and view streaming video of many of the new subdivisions, just click on my name or the link to my web site at the end of this article and then click on the "NEW CONSTRUCTION" button.
FOR THE WEEK OF 11/3/08 THROUGH 11/9/08
New Listings: 37 Avg. List Price: $261,610 Sold: 7 Avg. Sale Price: $192,40 Days on Market: 129
FOR THE MONTH OF OCTOBER:
New Listings: 129 a 32% decrease, Active Listings: 467 a 27% decrease, Pending Sales: 66 a 37% decrease Solds: 82 a 26% decrease, Avg. Sale Price:$224,527 a 3% decrease, Days on Market: 78 a 4% increase.
There is currently a 4.2 months supply of homes for sale.
YEAR TO DATE THROUGH OCTOBER:
Sales: 1,126 a 16% decrease Average Sales Price: $244,310 a 5% increase Median sales Price: $200,000 a 2% increase New Listings: 1,722 a 22% decrease
FOR THE YEAR 2007:
Solds: 1,507 a 16% decrease Avg Sales Price: $233,308 a 4% increase Median Sales Price: 195,000 a 5% increase New Listings: 2,465 an 8% decrease
FOR THE YEAR 2006:
New Listings: 2,682 a 7% increase Solds: 1,769 a 5% increase Avg. Sale Price: $224,313 a 10% increase Median Sale Price: $187,000 a 6% increase
If you are thinking about purchasing a home, now is a very good time to do it. Interest rates are at very attractive levels.
Approximate Location Boundaries: Allen ISD
Location Characteristics: If you would like more information on Allen, just click on the "visit my web site" link and then on the "city overview" button.
About Marie Walton:
As a lifelong resident of the area, a graduate of Richardson High School and S.M.U., I bring a unique perspective to my clients. I saw many of the homes I now sell being built and the neighborhoods around them develop. My knowledge of the area combined with my many years of experience and the professional designations I hold, assure my clients of the utmost in professional services, dedication to duty, and respect for the fiduciary responcibility I have to them.
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
