Home Sales Trends in 2013 for the Lake Terrace subdivision – Dallas, Texas

Home Sales in the Lake Terrace subdivision in Dallas, Texas have been brisk in 2013, with 14 homes sold. The homes sold were built between 1954 and 1955, and the average sales price for a home in the Lake Terrace subdivision was $232,550. The lowest sale was at $182,500 and the highest sale was at $325,000.

The average size of a home in the Lake Terrace subdivision is 1,492 sq. ft., with the smallest at 1,333 sq. ft. and the largest at 1,960 sq. ft. Homes in the Lake Terrace subdivision sold, on average, in 26 days. The quickest sale took 3 days and the longest sale 65 days. The average price per square foot for a home in the Lake Terrace subdivision is $155.32.

The Lake Terrace subdivision is located in Dallas, Texas, the largest city in the DFW metropolitan area. The DFW GDP is the sixth largest in the nation and 14th in the world. It is home the third largest concentration of Fortune 500 companies in the nation and the fourth largest job market.

Overall home sales in Dallas, Texas are at 7302 homes sold, with 9,705 new listings. The North Texas Real Estate Information System designates the following Dallas MLS Areas: Dallas North and Lake Highlands (Dallas Northeast) is MLS Area 18, Dallas Northwest is MLS Area 16, Dallas Uptown is MLS Area 17, Dallas White Rock is MLS Area 12.. This information is believed reliable but is only as accurate as reported by the system in the month of December 2013.

DFW Team Realty is your local expert specializing in home sales in the Lake Terrace subdivision, as well as home foreclosures and short sales in the Lake Terrace subdivision. If you are looking to buy or sell a home in the Lake Terrace subdivision, contact DFW Team Realty or visit us online to receive updates on home values in your city and neighborhood.


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