Allen Residential Property Sales For December 2016 Lower 1.5%

December 2016 Real Estate Market Summary for Allen, TX (MLS Area 51)
Month Year to Date
2016 2015 % Change 2016 2015 % Change
New Listings 67 79 17.9 1773 1914 8.0
Closed Sales (Reported) 131 129 -1.5 1510 1567 3.8
Closed Sales (Projected) 131 145 10.6 1510 1583 4.8
Listings Under Contract 72 77 6.9 1532 1565 2.2
Average Sales Price $299,463 $339,122 13.2 $328,218 $351,127 7.0
Median Sales Price $273,900 $307,495 12.3 $280,800 $308,000 9.7
Percent of Original Price Received 97.7 96.4 -1.3 98.5 98.5 0.0
Days on Market Until Sale 37 43 16.0 37 33 -11.8
Inventory of Homes for Sale 152 156 2.6
Months Supply of Inventory 1.2 1.2 -1.1

In Allen there were 129 recorded residential properties sold this month, and this was a decline of 1.5% relative to last year. In Allen year to date residential properties sold showed a rise of 3.8% from last year, with 1567 sold total this year. In Allen projected home sales this month saw an increase of 10.6%, with 145 projected home sales total this month. The number of projected property sales year to date underwent a growth of 4.8%, with 1583 projected total this year. The number of new homes this month showed an uptick of 17.9%, with 79 newly for sale total. In Allen year to date the number of newly listed units in the market experienced a gain of 8%, with 1914 newly for sale total this year. In December 2016 in Allen houses listed under contract experienced a hike of 6.9% from last year, with 77 on a contract total. Contract listings year to date saw a climb of 2.2% from 2015, with 1565 under contract total this year. In December 2016 there were 1.2 approximate months supply of residential property inventory in Allen, which was a decline of 1.1%. There was a rise of 2.6% in the number of homes for sale in December 2016. There were 156 homes for sale total this month. In Allen there was a gain of 16% in the number of days on market until sale this month in contrast to December 2015. There were 43 days on market until sale total this month. In December 2016 percent of original asking price received in Allen had a decline of 1.3%, with 96.4 percent total. In Allen the number of percent of asking price received year to date was at 98.5 total, no difference.

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Allen Texas Real Estate December 2016

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The Colony Residential Housing Sales For November 2016 Are Lower 9.3%

November 2016 Real Estate Market Summary for The Colony, TX (MLS Area 9)
Month Year to Date
2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 43 39 -9.3 517 548 6.0
Closed Sales (Projected) 43 44 1.9 517 553 6.9
Listings Under Contract 40 37 -7.5 543 558 2.8
Average Sales Price $217,648 $244,342 12.3 $202,925 $240,056 18.3
Median Sales Price $200,000 $225,000 12.5 $190,000 $223,000 17.4
Percent of Original Price Received 97.3 98.9 1.6 99.8 99.5 -0.3
Days on Market Until Sale 28 21 -22.7 21 21 -2.7
Inventory of Homes for Sale 60 600.0
Months Supply of Inventory 1.3 1.2 -6.4

There was a fall of 9.3% in the number of home sales reported this month in contrast to the same month 2015. There were 39 home sales reported total this month. Year to date there was a growth of 6% in the number of houses sold in contrast to last year. There were 548 houses sold total this year. This month the number of projected residential properties sold saw an increase of 1.9%, with 44 projected total. The number of projected houses sold year to date was higher 6.9%, with 553 projected houses sold this year. New homes for sale in November 2016 in The Colony had a hike of 2.7%, with 38 newly for sale total. In The Colony there was an improvement of 0.3% in the number of new residential properties year to date. There were 632 new residential properties total this year. This month there was a drop of 7.5% in the number of contract listings in The Colony relative to the same point in time 2015. There were 37 contract listings total this month. In The Colony there was an increase of 2.8% in the number of properties listed under contract year to date from November 2015. There were 558 properties listed under contract total this year. This month there was a slump of 6.4% in months supply of units on the market in The Colony. There were 1.2 months supply of units on the market total this month. This month there were 600.0 homes for sale, and this was no difference. In November 2016 in The Colony the number of days on market until sale showed a slump of 22.7% relative to the same period last year, with 21 days total. The total percent of original asking price received this month in The Colony showed an improvement of 1.6%, with 98.9 percent total. Year to date percent of original asking price received in The Colony reached 99.5, a drop of 0.3%.

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The Colony Texas Real Estate November 2016

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Addison Property Sales For November 2016 Are Higher 47.5%

November 2016 Real Estate Market Summary for Addison, TX (MLS Area 10)
Month Year to Date
2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 99 146 47.5 1569 1507 -4.0
Closed Sales (Projected) 99 164 65.7 1569 1525 -2.8
Listings Under Contract 105 133 26.7 1605 1561 -2.7
Average Sales Price $363,434 $402,607 10.8 $346,627 $375,343 8.3
Median Sales Price $310,000 $361,000 16.5 $315,000 $346,500 10.0
Percent of Original Price Received 95.7 95.4 -0.3 97.2 97.6 0.4
Days on Market Until Sale 35 40 15.2 33 30 -9.1
Inventory of Homes for Sale 270 2700.0
Months Supply of Inventory 1.9 2.0 6.6

This month the number of home sales grew 47.5% from 2015, with 146 home sales total this month. Year to date property sales underwent a fall of 4% from 2015, with 1507 sold total this year. This month projected property sales grew 65.7%, with 164 projected property sales this month. Year to date in Addison the number of projected homes sold saw a drop of 2.8%, with 1525 projected total this year. This month newly listed houses in the market in Addison saw a gain of 25.4%, with 148 newly listed houses in the market total this month. Year to date the number of new properties saw a slump of 1%, with 1955 new properties this year. In November 2016 in Addison the number of listings under contract was up 26.7% from November last year, with 133 listings under contract this month. Listings under contract year to date was down 2.7% in contrast to November 2015, with 1561 listings under contract this year. This month there was a climb of 6.6% in the number of months supply of real estate inventory. There were 2.0 months supply of real estate inventory total this month. This month there was no change in properties for sale. There were 2700.0 properties for sale total this month. Days on market until sale in November 2016 was up 15.2% compared to 2015, with 40 days on market until sale total this month. The total percent of asking price received this month was lower 0.3%, with 95.4 percent of asking price received total this month. Year to date percent of list price received was at 97.6 total, a gain of 0.4%.

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Addison Texas Real Estate November 2016

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