Grapevine Texas Real Estate Sales were up 24% in December 2011

Grapevine Texas Real Estate Sales were up 24% in December 2011 over the same month last year with 36 homes selling this month! For the 2011 year to date, overall home sales were at 443 homes sold, a 5% change from last year. Grapevine Texas Real Estate total dollar volume of homes sold this month was $8,435,772 which is a 30% change from this month last year. For the 2011 year to date, the total dollar sales were at $110,178,973, which is a 5% change.

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New Grapevine Texas Real Estate listings experienced a -28% change for the same period last year with 23 homes listed this month. For the 2011 year to date, overall home listings underwent a -16% change with 677 homes listed this year. Listings pending sales this month underwent a 39% change, with 25 homes contracted. Listings under contract for 2011 year to date experienced a 11% change, with 382 homes under contract for this month.

The average sales price of a home in this area was $234,327, a 5% change from this month last year. Overall, for 2011, the average sales price was $248,711, a 0% change. Sellers received 98% of their asking price this month, which is a 1% change from last year. For 2011 year to date, sellers received 97% of their asking price, which is a 0% change. This month, homes spent an average of 84 days on the market until sold, which was a -18% change from last year. For the 2011 year to date, the average number of days on the market was 71, an overall change of 6%.

The current supply of active listings on the market this month was 104 homes. This is a change of -37% from the same month last year. For the 2011 year to date, the supply of active listings on the market was 166, which is a -17% change. This month there was a 2.8 months’ supply of homes on the market; this was a -40% change from last year. For the 2011 year to date, there was a 4.5 months’ supply of homes on the market, which is a -21% change from the same period last year. The average price per square foot was $94 this month; a -1% change from last year. For the 2011 year to date, the average price per square foot was $103, a change of -1%.

Grapevine Real Estate sales is known as area 124 in the North Texas Real Estate Information System. Information is believed reliable but is only as accurate as reported by the system in the month of December 2011. DFW Team Realty provides month reports on Grapevine Real Estate Sales as well as Grapevine Foreclosures, Grapevine Short Sales, and Home in Grapevine. Please visit our website at DFWTeamRealty.com for the latest information on Grapevine homes by price range and community.

The DFW Metroplex is also known as Dallas Fort Worth Arlington Metropolitan Statistical Area, a title designated by the U.S. Census which encompasses 12 counties within the U.S. state of Texas. The area is divided into two metropolitan divisions: Dallas Plano Irving and Fort Worth Arlington and is comprised of over 70 area cities both incorporated and unincorporated.

The DFW Metroplex is, by population, the largest metropolitan area in Texas, the largest in the South, the fourth-largest in the United States, and the tenth-largest in the Americas. The DFW Metroplex encompasses over 9,000 square miles of total area, making it larger in area than the U.S. states of Rhode Island and Connecticut combined. It is also the sixth largest gross metropolitan product (GMP) in the United States, and approximately tenth largest by GMP in the world.

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