University Park Home Values

  • University Park home sales were up 53% in February 2014

    By Bob Baesmann

    University Park home sales were up 53% in February 2014 compared to the same month last year with 58 homes selling this month. So far this year, there have been 88 home sales, which is an increase of 28% from last year.

    New real estate listings in the University Park area have decreased 3%, with 133 homes listed this month, compared to the same period last year. So far this year, overall home listings have increased 0%, with 247 homes listed. The number of listings under contract decreased 17% this month, with 68 homes contracted. The number of listings under contract for the year to date decreased 1%, with 137 homes under contract. The current supply of active listings on the market this month was 277 homes, a 13% decrease from the same month last year. There was a 3.3 month supply of homes on the market, which is a 21% decrease from last year.

    The average sales price of a home in the University Park area this month was $1,326,025, up 75% from this month last year. For the year 2014, the average sales price was up 56%, at $1,153,925. On average, sellers have received 94% of their asking price this month, which is an increase of 0% from last year. For the year to date, sellers received 94% of their asking price, a change of 0%. This month, homes spent an average of 74 days on the market until sold, which represents an increase of 16% from last year. For the year to date, the average number of days on the market was 78, a decrease of 3%.

    University Park real estate information, known as MLS Area 5, 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 February 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.

    You can register on our website to have monthly updates on your city and neighborhood automatically emailed to you from the University Park Home Values Report. Search University Park Texas homes, foreclosures, and short sales to find homes in University Park. Research current University Park home values at University Park Home Values. This service is FREE and available without any obligation from DFWTeamRealty.com.

    University Park Texas Real Estate February 2014

  • University Park home sales were down 3% in January 2014

    University Park home sales were down 3% in January 2014 compared to the same month last year with 30 homes selling this month. So far this year, there have been 30 home sales, which is a decrease of 3% from last year.

    New real estate listings in the University Park area have increased 3%, with 114 homes listed this month, compared to the same period last year. So far this year, overall home listings have increased 3%, with 114 homes listed. The number of listings under contract increased 18% this month, with 66 homes contracted. The number of listings under contract for the year to date increased 18%, with 66 homes under contract. The current supply of active listings on the market this month was 239 homes, a 17% decrease from the same month last year. There was a 3 month supply of homes on the market, which is a 21% decrease from last year.

    The average sales price of a home in the University Park area this month was $821,200, up 15% from this month last year. For the year 2014, the average sales price was up 15%, at $821,200. On average, sellers have received 92% of their asking price this month, which is a decrease of 1% from last year. For the year to date, sellers received 92% of their asking price, a change of -1%. This month, homes spent an average of 85 days on the market until sold, which represents a decrease of 14% from last year. For the year to date, the average number of days on the market was 85, a decrease of 14%.

    University Park real estate information, known as MLS Area 25, 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 January 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.

    You can register on our website to have monthly updates on your city and neighborhood automatically emailed to you from the University Park Home Values Report. Search University Park Texas homes, foreclosures, and short sales to find homes in University Park. Research current University Park home values at University Park Home Values. This service is FREE and available without any obligation from DFWTeamRealty.com.

    By Bob Baesmann

    University Park Texas Real Estate January 2014

  • University Park home sales were up 5% in December 2013

    By Bob Baesmann

    University Park home sales were up 5% in December 2013 compared to the same month last year with 69 homes selling this month. So far this year, there have been 975 home sales, which is an increase of 4% from last year.

    New real estate listings in the University Park area have decreased 14%, with 44 homes listed this month, compared to the same period last year. So far this year, overall home listings have increased 1%, with 1,407 homes listed. The number of listings under contract decreased 37% this month, with 26 homes contracted. The number of listings under contract for the year to date increased 5%, with 984 homes under contract. The current supply of active listings on the market this month was 219 homes, a 17% decrease from the same month last year. There was a 3 month supply of homes on the market, which is a 21% decrease from last year.

    The average sales price of a home in the University Park area this month was $1,043,225, up 18% from this month last year. For the year 2013, the average sales price was up 10%, at $1,042,066. On average, sellers have received 93% of their asking price this month, which is an increase of 1% from last year. For the year to date, sellers received 93% of their asking price, a change of 1. This month, homes spent an average of 61 days on the market until sold, which represents a decrease of 13% from last year. For the year to date, the average number of days on the market was 62, a decrease of 24%.

    University Park real estate information, known as MLS Area 25, 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 2013.

    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.

    You can register on our website to have monthly updates on your city and neighborhood automatically emailed to you from the University Park Home Values Report. Search University Park Texas homes, foreclosures, and short sales to find homes in University Park. Research current University Park home values at University Park Home Values. This service is FREE and available without any obligation from DFWTeamRealty.com.

    University Park Texas Real Estate December 2013

  • University Park Texas Real Estate Sales were down 1% in November 2013

    By Bob Baesmann

    University Park Texas Real Estate Sales were down 1% in November 2013 over the same month last year with 70 homes selling this month! So far this year, overall home sales were at 903 homes sold, a change of 4% from last year.

    The Texas home market for the fourth quarter 2013 in the DFW Metroplex has been brisk so far, with a slight shortage of listings in many areas. With both prices and interest rates at historic lows, this is an ideal time to purchase for both new home owners and current home owners moving to larger homes. It is becoming a Sellers market, and with the shortage of listings, quick action is important. It is key to have your financing approved and prequalification work in process to insure a smooth purchase.

    New University Park Texas real estate listings in November 2013 changed 14% compared to the same period last year with 67 homes listed this month. So far this year, overall home listings have experienced a 1% change, with 1,361 homes listed this year. Current listings pending sale this month underwent a change of 23%, with 65 homes contracted. Listings under contract for the year to date changed by 10%, with 952 homes under contract for this month.

    The average sales price of a home in University Park this month was $1,150,660, a change of 7% from this month last year. Overall, for the year 2013, the average sales price was $1,043,832, a change of 5%. Sellers received 94% of their asking price this month, which is a change of 3% from last year. For the year to date, sellers received 93% of their asking price, a change of 0.4%. This month, homes spent an average of 77 days on the market until sold, which represents a change of -16% from last year. For the year to date, the average number of days on the market was 62, an overall change of -24%.

    The current supply of active listings on the market this month was 252 homes. This is a change of -21% from the same month last year. This month there was a 3.1 month supply of homes on the market; this is a change of -24% from last year. University Park real estate is known as area 10 in the North Texas Real Estate Information System. Information is believed reliable but is only as accurate as reported by the system in the month of November 2013.

    Register online to have monthly updates on your city and neighborhood automatically emailed to you from University Park Real Estate. Search University Park Texas homes, University Park Texas foreclosures, and University Park Texas short sales and find Homes in University Park. Research current University Park home values at DFW Home Values Report.com. This service is FREE and available without any obligation from DFWTeamRealty.com.

    The DFW Metroplex is also known as the Dallas Fort Worth Arlington 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 Arlington. 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 U.S. 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.

    University Park Texas Real Estate November 2013

  • University Park Texas Real Estate Sales were up 15% in October 2013

    By Bob Baesmann

    University Park Texas Real Estate Sales were up 15% in October 2013 over the same month last year with 62 homes selling this month! So far this year, overall home sales were at 830 homes sold, a change of 4% from last year.

    The Texas home market for the fourth quarter 2013 in the DFW Metroplex has been brisk so far, with a slight shortage of listings in many areas. With both prices and interest rates at historic lows, this is an ideal time to purchase for both new home owners and current home owners moving to larger homes. It is becoming a Sellers market, and with the shortage of listings, quick action is important. It is key to have your financing approved and prequalification work in process to insure a smooth purchase.

    New University Park Texas real estate listings in October 2013 changed 11% compared to the same period last year with 90 homes listed this month. So far this year, overall home listings have experienced a 0.2% change, with 1,293 homes listed this year. Current listings pending sale this month underwent a change of -15%, with 55 homes contracted. Listings under contract for the year to date changed by 4%, with 881 homes under contract for this month.

    The average sales price of a home in University Park this month was $1,048,532, a change of 12% from this month last year. Overall, for the year 2013, the average sales price was $1,035,887, a change of 10%. Sellers received 89% of their asking price this month, which is a change of 3% from last year. For the year to date, sellers received 93% of their asking price, a change of 0.1%. This month, homes spent an average of 63 days on the market until sold, which represents a change of -30% from last year. For the year to date, the average number of days on the market was 60, an overall change of -25%.

    The current supply of active listings on the market this month was 287 homes. This is a change of -17% from the same month last year. This month there was a 3.6 month supply of homes on the market; this is a change of -22% from last year. University Park real estate is known as area 10 in the North Texas Real Estate Information System. Information is believed reliable but is only as accurate as reported by the system in the month of October 2013.

    Register online to have monthly updates on your city and neighborhood automatically emailed to you from University Park Real Estate. Search University Park Texas homes, University Park Texas foreclosures, and University Park Texas short sales and find Homes in University Park. Research current University Park home values at DFW Home Values Report.com. This service is FREE and available without any obligation from DFWTeamRealty.com.

    The DFW Metroplex is also known as the Dallas Fort Worth Arlington 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 Arlington. 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 U.S. 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.

    University Park Texas Real Estate October 2013

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