Lake Terrace Subdivision in Dallas, Texas Home Sales Trends in 2014

Home sales in the Lake Terrace subdivision in Dallas Texas have reached 11 homes sold for 2014. The age range of these homes is in between the years 1998 and 2006. The average sales price for a house in Lake Terrace was $268,648, the lowest sales price at $200,000, and the highest at $350,000.

The average size of a home in Lake Terrace is 1,548 square feet, the smallest at 1,250 square feet and the largest at 2,011 square feet. Houses in Lake Terrace sold, on average, in 30 days, the quickest sale taking 1 days and the slowest sale 150 days.

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 7,018 homes sold, with 9,479 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 2014.

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 Lake Terrace, contact DFW Team Realty or visit us online to receive updates on home values in your city and neighborhood.


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