Single-Family
Sales in Far North Dallas were up by 3% compared to last December. The average sales price jumped by 29% and the median sales price increased by 17%. These large increases are indicative of sales being skewed to the higher priced homes. Pending Sales increased by 20%. The number of new listings increased by 65% and while this large increase certainly helped the active listings were still down by 1% and the months of inventory remains very low at 1.6 months.
Sales: 103
Average Sales Price: $453,611
Median Sales Price: $346,500
Pending Sales: 55
New Listings: 66
Active Listings: 158
Months of Inventory: 1.6
Condos and Townhouses:
Condo and Townhouse sales were up by 69%. The average sales price increased by 20%. The median sales price went up by 93%. This is a clear indication that there were a number of abnormal sales at the high end. Pending Sales increased by 33%. The number of new listings declined by 3% and the active listings declined by 35%. The months of inventory is at 1.1 months. It’s very hard to find a condo or townhouse in this area.
Sales: 49
Average Sales Price: $178,287
Median Sales Price: $175,250
Pending Sales: 36
New Listings: 31
Active Listings: 53
Months of Inventory: 1.1
Leases:
Leases increased by 6% in December. The average rent declined by 4% and the median rent was flat. just looks like more lower priced properties leased in December in this area pulling the average down. Pending leases were up a whopping 360% compared to a year ago. this is really an aberration. Last Decembers’ numbers were just very low. the number of new listings dropped by 21% while the active listings declined by 35%. The months of inventory is at 1.2 months. Not many properties to choose from!
Leases: 37
Average Rent: $1,602
Median Rent: $1,500
Pending Leases: 23
New Listings: 33
Active Listings: 54
Months of Inventory: 1.2
Information provided by the Real Estate Center at Texas A&M.
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