Welcome to 2012 !! The real estate market in Grapevine is looking good. We began February 2012 with fewer homes available on the market, down 43% to 96 homes available. 33 homes sold in January, an increase over last year of 74%. Total revenue through January up 83% $8,307,651. WOW!!! Average homes sales price up 6% to $251,747 and median price down 14% at $210,250. Average days on the market at 59 days, down 27%.
2011 showed an increase in homes sold, total revenue for home sales. 443 homes sold in 2011, an increase of 5% over the previous year with total revenue up 5% to $110,178,973. The average home sales price was unchanged at $248,711, the median home sales price was down slightly (3%) at $228,900. The average number of days on the market for sold homes was 71 days, an increase of 6%. January began with 166 homes available on the market, a 17% decrease over previous January.
Last 5 years and # of homes sold 2011 443 2010 421 2009 386 2008 486 2007 570
Review of 2011 443 homes sold, 5% increase $110,178,973 total revenue for home sales, 5% increase $248,711 average home sales price, unchanged $228,900 median home sales price, 3% decrease 71 average number of days on market for solds, 6% increase 166 available homes on market at end of year, 17% decrease
Recap of 2010 Total homes sold 421, a 9 % increase over prior year. Total dollar volume $104,817,633, up 5%, The average sales price $248,973, down 3% and the median sales price of $235,000, up 2%. DOM 66 days, an increase of 18%
2009 closed with 386 homes sold, down 21% from 2008, with the average sales price up 4% to $256,671. The total dollar volume through December was down 18% to $99,075,006. I wish there was better news to report.
In 2008, homes sold at higher average sales price of $247,593, up 3% over previous year, with more average days on the market (51) days up 13%. In 2008 , 486 homes sold, down 16% The total dollar volume for 2008 was $120,330,198, down 13%.
570 homes were sold in 2007, a decrease of 14% over the same period in 2006. The average sales price of $240,200, an increase of 5%. The total dollar volume spend in Grapevine on residential real estate in 2007 was $136,914,000.
ZIP Code: 76051 Location Characteristics: Grapevine is located in the center of the Dallas/Fort Worth Metroplex, 21 miles northwest of downtown Dallas and 19 miles northeast of downtown Fort Worth. The city is home to the Dallas/Fort Worth International Airport, the second busiest airport in the world in terms of passengers. Grapevine is one of the fastest growing communities in the Metroplex, attributed to several factors including the proximity to developing employment centers such as Las Colinas in Irving and D/FW International airport, improved access to freeways leading to Dallas and Fort Worth, high-quality housing in well-planned subdivisions and a school district ranking high in academic achievements.
About Ann Anker:
Looking for a new home? Selling your existing home? Buying a vacation home or investment property? Moving to a new area of the state or another state?
I can help!!
I have over 30 years experience in sales, marketing and contract negotiations. These skills help me: # Assist you in buying the perfect home for you and your family with new construction or existing homes. I will familiarize you with the community, schools, and amenities of the area to help you with your neighborhood and property choice. # Market your home to achieve the best possible price for your house in the lease amount of time Exposure is the key to selling any property. Being affiliated with the largest real estate network in the world, Prudential, gives your property internet exposure unequaled in the industry. Prudential Worldwide REALTORS Call me or email, I would love to help you with any and all of your Real Estate needs. 817-726-3839 annanker@sbcglobal.net www.annanker.com
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
