Pilot Point, Texas Home Values report for November 2014

Houses sold in Pilot Point dipped 11% in November of this year, with 70 properties sold. So far this year, houses sold have reached 825 in all, which is a 11% gain from a year ago.

There were 63 new listings in November 2014. New housing listings in November 2014 in Pilot Point gained 43%. Cumulatively this year there have been 1,165 new homes listed total, which is a 11% increase relative to the same period last year. There were 62 listed homes under contract during November, which is a 2% rise from last month. Listings under contract year-to-date climbed 12% compared to the same period last year, with 945 properties sold this year. During November, the average price for a home for properties in Pilot Point was about $212,449, which is a 22% gain from last month. The average price for a home cumulatively this year went up 5% relative to the same month last year, with the average price for a house at $211,685.

The percent of original list price received by buyers during November went up 0%, with percent of asking price received at 96.7%. Year- to-date, buyers got 97.2% of their original price, which is a 1% rise compared to the same month last year. This November, houses spent an average of 69 days in the market until sold, a 35% growth from last month. Year-to-date, home sales climbed 0% compared to the same period last year, at 57 number of days on market until sale. There was a 2.5 month supply of available homes during November. The month supply of available homes in November 2014 in Pilot Point declined 15%.

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 November 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 November 2014


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