| Market Conditions for Southlake, Texas
Reported by Warren Beckmann, REALTOR
As of August 11, 2007. |
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Real Estate Home sales in Southlake, Texas, MLS area 125.
Listings closed in July 2007, reported as of August 10, 2007.
Number of homes sold 61.
Average Selling Price $582,195.
Selling Price Percent of Listing Price 98%.
Average Days on Market 82.
Lowest Sale Price $238,000.
Highest Sale Price $1,520,000.
Average Sold Price per Square Foot $139.95
As you can see from the information above, single family homes in the Southlake area are selling very quickly with an average of 82 days on the market. Of the 61 closings that have reported in to date for July, had an average asking price of $592,890 and sold for 98% of list price, this indicates a very good market. If you are considering a move to the Southlake Texas area and are interested in information on a specific area contact me. I can email you information on all active listing in that area that fit you criteria, as well as an analysis of recent comparable sales in that area. You can reach me through my office 972-732-6000 or direct at 214-498-6598. You can also get lots of great real estate information by visiting http://www.BeckmannRealEstate.com
Source: NTREIS or North Texas Real Estate Information System
Location Characteristics: Southlake, located within 20 miles of downtown Dallas and downtown Fort Worth, Southlake offers a unique blend of excellent location, extraordinary quality of life and available land with many natural attributes. Southlake quality of life is among the highest in the DFW Metroplex due to its safe neighborhoods, community programs and excellent schools. The regional cost of living is lower than the majority of U.S. major metropolitan regions; and Southlake is one of the safest communities in the Metroplex. Families find exceptional public school systems, convenient and diverse shopping opportunities and easy access to area lakes, cultural and recreational events throughout the Metroplex.
Southlake and the surrounding communities composing Northeast Tarrant County provide diverse housing opportunities ranging from well below $100,000 to in excess of $2,000,000. Master planned communities in Southlake offer unique executive housing opportunities along championship golf courses as well as villas accommodating a low-maintenance lifestyle.
Due to its central-Metroplex location with available land, financial stability, educated labor force, high quality of life and quality-driven development regulations, Southlake should be the center of economic growth for years to come.
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