Dallas Area Real Estate Top Ten Cities Growth was up an average of 26% thru Q3 2012 with the Addison area homes leading in overall sales growth with a sales increase of over a 38% this quarter last year selling 287.7 million dollars year to date. Addison also leads in the growth of homes sold selling 839 homes a 31% increase over this time last year.
The overall area leader in dollar sales is the Frisco homes selling 771.2 million dollars in homes a 22% increase over this time last year. Following in second place was the South Denton County area including Lewisville homes, Flowermound homes, and Highland Village homes selling 768.3 million a 35% increase over this time last year Third place was Coppell homes selling 673.3 million dollars as 18% increase over this time last year.
The greatest number of homes sold was south Denton county including Lewisville homes, Flowermound homes, and Highland Village homes selling 2971 homes this quarter a 28% increase over this quarter last year. Following in second place was Frisco selling 2,551 homes to date a 17% increase over this quarter last year. Third place was Coppell selling 2,460 homes this quarter a 17% increase over this quarter last year.
Park Cities homes lead in the highest average price at $1,039,596 a 2% increase over this time last year. Following in second place was Preston Hollow homes selling at an average of $731,121 a 4% decrease over this quarter last year. Third place was Addison homes selling at an average of $342,946 a 5% increase over this time last year.
The Texas home market thru the third quarter 2012 in the DFW Metroplex is overall improved over the last year. With both prices and interest rates at historic lows, this is an idea time to purchase for both new home owners and current home owners moving to larger homes. It is key to have your financing and prequalification work in process to insure a smooth transaction.
North Texas Real Estate Information System (NTREIS) provides this information monthly based on local real estate sales. Information is believed reliable but is only as accurate as reported by the system in the month of March 2012.Park Cities Homes is NTREIS area 25 which includes Highland Park and University Park Homes. Frisco Homes is NTREIS area 55. Denton County South is NTREIS area 41 with includes Lewisville, Flower Mound, Corinth, Highland Village Homes. Coppell Homes is NTREIS area 20. White Rock area homes is NTREIS area 12 includes Lakewood, Lower Greenville, and “M Streets” homes. McKinney Homes is NTREIS area 25. Denton County North is NTREIS area 31 which includes Denton, Little Elm, and Aubrey Homes. Preston Hollow Homes is NTREIS Area 11. Addison Homes is NTREIS area 10 and Allen Homes is NTREIS area 51.
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Bob Baesmann provides monthly Market statistics and commentary for Dallas area Homes for DFW Team Realty DFW Team Realty Receive exact monthly reports on homes sales and listing in your area at DFW Home Values Report.com