Pilot Point home sales were up 4% in December 2013

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Pilot Point home sales were up 4% in December 2013 compared to the same month last year with 56 homes selling this month. So far this year, there have been 876 home sales, which is an increase of 66% from last year.

New real estate listings in the Pilot Point area have increased 3%, with 56 homes listed this month, compared to the same period last year. So far this year, overall home listings have increased 27%, with 1,107 homes listed. The number of listings under contract decreased 31% this month, with 36 homes contracted. The number of listings under contract for the year to date increased 58%, with 878 homes under contract. The current supply of active listings on the market this month was 208 homes, a 22% decrease from the same month last year. There was a 2.8 month supply of homes on the market, which is a 53% decrease from last year.

The average sales price of a home in the Pilot Point area this month was $220,768, up 17% from this month last year. For the year 2013, the average sales price was up 18%, at $204,047. On average, sellers have received 94% of their asking price this month, which is an increase of 3% from last year. For the year to date, sellers received 95% of their asking price, a change of 2%. This month, homes spent an average of 62 days on the market until sold, which represents a decrease of 24% from last year. For the year to date, the average number of days on the market was 60, a decrease of 27%.

Pilot Point real estate information, known as MLS Area 31, is reported by area in the North Texas Real Estate Information System. The information in this report is believed reliable, but is only as accurate as reported by the system in the month of December 2013.

The DFW area is also known as the Dallas Fort Worth Metropolitan Statistical Area, a title designated by the U.S. Census Bureau, which encompasses 12 counties within the state of Texas. The area is divided into two metropolitan divisions: Dallas Plano Irving and Fort Worth. It is comprised of over 70 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 states of Rhode Island and Connecticut, combined. It also has the sixth-largest gross metropolitan product (GMP) in the United States, and is approximately tenth-largest by GMP in the world.

You can register on our website to have monthly updates on your city and neighborhood automatically emailed to you from the Pilot Point Home Values Report. Search Pilot Point Texas homes, foreclosures, and short sales to find homes in Pilot Point. Research current Pilot Point home values at Pilot Point Home Values. This service is FREE and available without any obligation from DFWTeamRealty.com.

Pilot Point Texas Real Estate December 2013

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