Lucas Residential Property Sales For February 2016 Higher 42%

February 2016 Real Estate Market Summary for Lucas, TX (MLS Area 52)
Month Year to Date
2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 23 230.0 42 33 -21.4
Closed Sales (Projected) 23 26 12.4 42 36 -14.7
Listings Under Contract 26 25 -3.8 49 50 2.0
Average Sales Price $466,025 $403,550 -13.4 $445,471 $440,333 -1.2
Median Sales Price $414,000 $370,000 -10.6 $362,500 $375,000 3.4
Percent of Original Price Received 98.7 97.7 -0.9 97.6 97.1 -0.4
Days on Market Until Sale 52 57 10.2 61 56 -7.8
Inventory of Homes for Sale 63 86 36.5
Months Supply of Inventory 2.1 2.7 30.3

This month the number of real estate sales recorded showed a hike of 42% from February 2015, with 230.0 sold total. Year to date there were -21.4 residential property sales in Lucas, and this was no difference compared to the same month 2015. This month there were 26 projected houses sold, and this was an increase of 12.4%. Year to date there were 36 projected residential property sales, and this was a decline of 14.7%. In February 2016 there was a growth of 62.5% in the number of newly listed units. There were 39 newly listed units total this month. Year to date there was a rise of 24.5% in the number of new housing units. There were 66 new housing units this year. This month the number of homes listed under contract showed a fall of 3.8% from February last year, with 25 listed under contract total. Year to date contract listings in Lucas was at 50, a gain of 2% from 2015. In February 2016 the number of months supply of housing inventory in Lucas underwent a rise of 30.3%, with 2.7 months supply total. There was a rise of 36.5% in the number of homes for sale in the market this month. There were 86 homes for sale in the market total this month. This month there was a climb of 10.2% in days on market until sale in Lucas compared to last year. There were 57 days on market until sale total this month. In Lucas in February 2016 percent of original list price received was 97.7, a fall of 0.9%. Percent of original asking price received in Lucas year to date reached 97.1 total, a fall of 0.4%.

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Lucas Texas Real Estate February 2016

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