The Five Hottest Markets North Oak Cliff Prices spiked higher in North Oak Cliff than in any Dallas area neighborhood over this past year. The average home price is up 49% since first quarter 2012. It’s the allure of the booming Bishop Arts District, as well as the unique landscape with trees and hills. HOME PRICES UP 49% Coppell Coppell can make a claim to the title as the Tightest Housing Market in the Dallas Suburbs. Sales volume – the total dollar value of all sales – is up 63% from the first quarter 2012, a bigger gain that has been posted in any neighborhood or city in the Metroplex. And, at the same time, Coppell’s inventory of available houses has shrunk dramatically, down 61% from the first quarter 2012. HOME PRICES UP 20% Preston Hollow Preston Hollow, by the numbers, is the most hotly contested neighborhood inside the city. Sales are up nearly 50% from one year ago, total volume of those sales is up 74%, and the average price are up 16%. HOME PRICES UP 16% Plano There has never been a market like this in Plano. In East Plano, especially, it is common to have three to twelve offers on a new listing. Plano has only a 1.7 month available inventory of homes – far less than the six-months of inventory considered to represent a typical, stable market, and 51% less than the inventory in early 2012. HOME PRICES UP 8% The Colony The Colony makes the cut because it has the lowest housing inventory in the Metroplex – now a 1.1 month supply. It makes no matter the style or even mediocre condition – the home will sell. Prices are up 7% from one year ago and there has been a 22% increase in number of homes sold. HOME PRICES UP 7% Source: D Magazine, July 2013 Issue
Posted on: Mon, 29 Jul 2013 21:32:09 +0000
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