Pilot Point, Texas Home Values report for December 2014

Pilot Point houses sold were at 60 properties this month, which is a 5% rise from a month ago. Cumulatively this year, homes sold are at 885, which is a 11% gain compared to the same month last year.

In total for this year there, have been 1,218 new home properties listed overall, which is a 10% surge relative to the same month last year. In December 2014, the number of new housing properties listed in Pilot Point fell 5%, with 53 homes listed in December 2014. Year-to-date, listings under contract have reached 1,006 overall, which is a 14% growth compared to the same period last year. The number of listed houses under contract in Pilot Point gained 48%, with 59 houses currently listed under contract this month. The average selling price in total for this year climbed 4% compared to the same period last year, with the average price for a home at $211,440. The average selling price in Pilot Point fell 4% .

Percentage of asking price received year-to-date climbed 1% compared to the same period last year, with buyers receiving 97% of their list price. Buyers received 98% of their list price in December of this year, which is a 0% upturn from a month ago. Cumulatively this year, homes spent an average of 59 days in the market until sold, which is a 2% gain from last year. The days on market until sale in December of this year in Pilot Point rose 35%, at 78 days on market until sale. The current supply of active listings on the market this month in Pilot Point dipped 29%, with the market supply of homes at 155 houses. During December there was a 1.9 month supply of available homes on the market, a 36% decline from a month ago.

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 2014.

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.

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Pilot Point Texas Real Estate December 2014

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