Dallas Market Update January 2008
  Visit TexasRealtyBlog.com for More Info




Provided by The Copeland Group at Keller W...
Austin, Texas



Insider Opinions
“What can one say about Dallas? This is a strong real estate market for homes or
investm...
Current Trend Charts




                 Data Compiled from:
  North Texas Real Estate Information System (NTREIS)
      ...
Dallas Market Summary
 The Texas mortgage market slowed Fall
 2007, creating less qualified buyers.


 The mortgage market...
Dallas Sales Volume-Single Family
11,000

10,500
                                                                         ...
Dallas Single Family Home Prices
                                              Average Price    Median Price



$225,000

...
Dallas/Forth Worth
   Largest Counties: Dallas, Denton, Tarrant,
   Wise. Major Cities: Dallas, Forth Worth,
   Arlington,...
Market Reminders**
  When a market shifts, the initial
  downturn can feel shocking. The
  market will often start to stab...
Stats and Resources
   The TexasRealtyBlog.com


   The Texas A&M Resource Center
   www.recenter.tamu.edu


   Austin Boa...
Supplement
      Price Distribution
             & Raw Data)

**All Rights Reserved, Copyright Dee Copeland 2008. Receive ...
Sales by Price Range

                       Dec'07   Distributi    YTD      Change        Active       Mos
Price Class   ...
Dallas MLS Data 2007


       Mont                                Median      Price/      New        Active               ...
Dallas Market Update January 2008
         Visit TexasRealtyBlog.com for More Info


                                THANK...
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Dallas Market Update January 2008

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Dallas real estate update with December 2007 MLS statistics. Posted January 2008.

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Transcript of "Dallas Market Update January 2008"

  1. 1. Dallas Market Update January 2008 Visit TexasRealtyBlog.com for More Info Provided by The Copeland Group at Keller Williams Realty Visit Online www.CopelandGroupRealty.com
  2. 2. Austin, Texas Insider Opinions “What can one say about Dallas? This is a strong real estate market for homes or investments. Dallas is home to the funded Trinity River Project.” Kathy Murray, Abio A.H.K Realty “Dallas area enjoys a strong inventory of new construction and pre-owned homes in an array of neighborhoods. Activity for home sales is quite good.” Bill Lovell, MakeTexasHome.com “January is here and the buyers are emerging from hibernation. We’re seeing multiple offers on homes listed under $250k. The news is good in the resale market.” Ramona Martin, Ebby Halliday REALTORS® “Well it’s a new year and new attitude!...demand has gotten buyers out of the house .” Nora Ling Lang, Virginia Cook REALTORS® **Source: RealtyTimes.com Market Conditions Report. Receive our Market Update NEwsletter at TexasRealEstateUpdate.com
  3. 3. Current Trend Charts Data Compiled from: North Texas Real Estate Information System (NTREIS) & Analyzed By: Dee Copeland, Texas Licensed Broker
  4. 4. Dallas Market Summary The Texas mortgage market slowed Fall 2007, creating less qualified buyers. The mortgage market most affected was the sub-prime sector, including “Jumbo” loans and non-owner occupant. Inventory has increased to 90-days in some areas of Dallas, signaling a shifting market (not buyer’s or seller’s). Well-priced Dallas homes in nice areas are seeing multiple offers. Buyers must act quickly for the best pricing. **All Rights Reserved, Copyright Dee Copeland 2008. Receive our Market Update NEwsletter at TexasRealEstateUpdate.com
  5. 5. Dallas Sales Volume-Single Family 11,000 10,500 2005 10,000 9,500 9,000 2006 8,500 8,000 7,500 2007 7,000 6,500 6,000 5,500 5,000 4,500 4,000 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec **All Rights Reserved, Copyright Dee Copeland 2008. Receive our Market Update NEwsletter at TexasRealEstateUpdate.com
  6. 6. Dallas Single Family Home Prices Average Price Median Price $225,000 $200,226 $200,000 $192,567 $187,027 $175,000 $144,781 $147,236 $148,442 $150,000 $125,000 $100,000 $75,000 $50,000 2005 2006 2007 **All Rights Reserved, Copyright Dee Copeland 2008. Receive our Market Update NEwsletter at TexasRealEstateUpdate.com
  7. 7. Dallas/Forth Worth Largest Counties: Dallas, Denton, Tarrant, Wise. Major Cities: Dallas, Forth Worth, Arlington, Plano, and Richardson. Average home price in 2007 increased to $200,226. The median price is $148,442. Units sold decreased 25% from December 2006 to 5257. Days on market was at 84. List to sales price ratio was at 96.30%. Months inventory is at approx. 6 months. To Watch in 2008: Trinity River redevelopment area, including Oak Cliff. **All Rights Reserved, Copyright Dee Copeland 2008. Receive our Market Update NEwsletter at TexasRealEstateUpdate.com
  8. 8. Market Reminders** When a market shifts, the initial downturn can feel shocking. The market will often start to stabilize within 3-6 months, depending on how rapidly it appreciated. Buyers should purchase during a “buyer’s market”, when sellers will be most realistic and willing to provide incentives. Dallas sellers can sell within 60-90 days if they price aggressively, use staging, and look better than any other home on the market for the price. Buyers should get comparative market analysis to see which homes are priced well, then act fast. **All Rights Reserved, Copyright Dee Copeland 2008. Receive our Market Update NEwsletter at TexasRealEstateUpdate.com
  9. 9. Stats and Resources The TexasRealtyBlog.com The Texas A&M Resource Center www.recenter.tamu.edu Austin Board of REALTORS®. www.abor.com MetroTex Association of REALTORS® www.dfwrealtors.com Houston Board of REALTORS® www.har.com **All Rights Reserved, Copyright Dee Copeland 2008. Receive our Market Update NEwsletter at TexasRealEstateUpdate.com
  10. 10. Supplement Price Distribution & Raw Data) **All Rights Reserved, Copyright Dee Copeland 2008. Receive our Market Update NEwsletter at TexasRealEstateUpdate.com
  11. 11. Sales by Price Range Dec'07 Distributi YTD Change Active Mos Price Class Sales on Sales 2006 Listings Inventory $1 to $19,999 61 1.20% 498 25% 145 3.5 $20,000 to $29,999 60 1.10% 847 -6% 269 3.8 $30,000 to $39,999 88 1.70% 1232 -6% 400 3.9 $40,000 to $49,999 123 2.30% 1729 4% 614 4.3 $50,000 to $59,999 169 3.20% 1988 6% 826 5 $60,000 to $69,999 163 3.10% 2396 -2% 1139 5.7 $70,000 to $79,999 206 3.90% 3077 1% 1506 5.9 $80,000 to $89,999 240 4.60% 3841 -6% 1779 5.6 $90,000 to $99,999 226 4.30% 4016 -10% 1933 5.8 $100,000 to $109,999 286 5.40% 4205 -9% 1442 4.1 $110,000 to $119,999 312 5.90% 4976 -13% 2207 5.3 $120,000 to $129,999 334 6.40% 5343 -15% 2176 4.9 $130,000 to $139,999 282 5.40% 4959 -18% 2001 4.8 $140,000 to $149,999 249 4.70% 4361 -17% 1898 5.2 $150,000 to $159,999 268 5.10% 4101 -12% 1663 4.9 $160,000 to $169,999 226 4.30% 3863 -13% 1582 4.9 $170,000 to $179,999 186 3.50% 3379 -16% 1479 5.3 $180,000 to $189,999 160 3.00% 2795 -15% 1262 5.4 $190,000 to $199,999 125 2.40% 2345 -11% 1246 6.4 $200,000 to $249,999 470 8.90% 8477 -7% 3782 5.4 $250,000 to $299,999 289 5.50% 5375 -6% 2965 6.6 $300,000 to $399,999 339 6.40% 5896 2% 3327 6.8 $400,000 to $499,999 152 2.90% 2605 3% 1866 8.6 $500,000 to $599,999 69 1.30% 1217 6% 1042 10.3 $600,000 to $699,999 40 0.80% 789 5% 742 11.3 $700,000 to $799,999 22 0.40% 546 14% 528 11.6 $800,000 to $899,999 28 0.50% 353 2% 395 13.4 $900,000 to $999,999 17 0.30% 229 8% 243 12.7 $1,000,000 and more 68 1.30% 919 16% 1190 15.5 Total 5257 86356 -8% 41647 5.8
  12. 12. Dallas MLS Data 2007 Mont Median Price/ New Active List to Price Year h Sales Average Price Price SQFT Listings Listings Pending Sales DOM Ratio 2005 Jan 4,495 $169,076 $132,500 $81 13,339 39,238 6,717 80 96.90% 2005 Feb 5,616 $179,034 $138,000 $84 12,528 40,554 7,413 79 97.00% 2005 Mar 7,832 $185,361 $140,820 $86 14,834 42,089 9,317 74 96.90% 2005 Apr 7,886 $183,006 $141,260 $86 14,644 43,311 9,379 71 97.30% 2005 May 8,508 $187,415 $145,000 $87 14,135 43,367 9,637 67 97.50% 2005 Jun 9,515 $195,302 $149,000 $87 15,138 43,600 9,566 66 97.70% 2005 Jul 8,697 $192,958 $150,000 $87 14,378 43,888 9,077 67 97.50% 2005 Aug 9,067 $191,690 $148,000 $88 13,916 42,685 9,043 68 97.60% 2005 Sep 7,760 $185,350 $146,990 $86 12,280 41,551 7,412 71 97.40% 2005 Oct 7,011 $186,821 $146,900 $87 12,198 41,165 7,425 71 97.30% 2005 Nov 6,565 $193,129 $149,900 $88 11,148 40,366 6,897 72 97.20% 2005 Dec 6,683 $195,184 $149,000 $89 8,481 38,043 5,804 73 97.00% 2006 Jan 5,041 $184,421 $142,000 $86 14,080 40,172 7,700 78 97.20% 2006 Feb 6,253 $185,998 $145,000 $87 12,438 41,168 7,818 76 97.30% 2006 Mar 8,586 $189,761 $145,500 $88 15,188 42,630 9,667 73 97.30% 2006 Apr 7,740 $189,126 $146,000 $88 14,726 44,371 9,589 69 97.70% 2006 May 9,344 $201,448 $152,530 $92 16,584 45,411 10,595 66 97.40% 2006 Jun 10,359 $205,036 $155,200 $91 16,530 46,302 10,197 65 97.70% 2006 Jul 8,845 $200,679 $153,000 $91 15,333 47,391 9,785 64 97.60% 2006 Aug 9,379 $198,207 $150,000 $90 15,245 46,818 9,150 67 97.30% 2006 Sep 7,435 $183,200 $142,800 $87 13,219 46,966 7,747 71 97.30% 2006 Oct 7,356 $187,946 $143,500 $88 13,258 45,715 8,079 70 97.20% 2006 Nov 6,758 $189,838 $145,000 $88 10,834 44,122 6,937 72 97.10% 2006 Dec 6,990 $195,142 $146,300 $89 9,062 41,598 6,168 77 96.70% 2007 Jan 5,349 $188,114 $139,990 $87 13,892 42,952 7,597 81 96.80% 2007 Feb 6,177 $190,007 $142,600 $89 13,188 44,164 8,192 81 97.00% 2007 Mar 8,284 $197,790 $147,000 $92 16,576 47,169 9,254 77 96.90% 2007 Apr 7,606 $204,425 $151,000 $94 15,913 48,948 9,282 70 97.20% 2007 May 8,805 $209,723 $153,000 $95 15,932 49,684 9,644 69 97.30% 2007 Jun 9,139 $214,834 $158,000 $95 15,913 50,056 9,400 67 97.30% 2007 Jul 8,758 $205,216 $154,720 $93 14,969 49,932 9,301 71 97.00% 2007 Aug 8,750 $208,747 $154,900 $93 14,501 49,095 8,079 70 96.90% 2007 Sep 6,084 $195,341 $146,900 $89 11,602 48,968 6,442 74 96.60% 2007 Oct 6,385 $191,764 $145,000 $89 12,557 47,771 7,030 76 96.50% 2007 Nov 5,762 $199,909 $145,000 $90 9,957 45,613 5,962 81 96.30% 2007 Dec 5,257 $196,842 $143,190 $89 7,577 41,647 4,872 84 96.50% Median Price/ New Active List to Price Year Units Sold Average Price Price SQFT Listings Listings Pending Sales DOM Ratio 2005 89,635 $187,027 $144,781 $86 13,085 41,655 8,141 72 97.28% 2006 90,181 $192,567 $147,236 $89 13,875 44,389 8,619 71 97.32% 2007 90,818 $200,226 $148,442 $91 13,548 47,167 7,921 75 96.86%
  13. 13. Dallas Market Update January 2008 Visit TexasRealtyBlog.com for More Info THANK YOU Feel free to contact us! www.CopelandGroupRealty.com Call us at 512-697-9140 Copeland Group @ Keller Williams Realty Your Central Texas Real Estate Experts **All Rights Reserved, Copyright Dee Copeland 2008. Receive our Market Update NEwsletter at TexasRealEstateUpdate.com

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