All information below was taken from NTREIS, and is believed to be accurate. It was pulled up on May 27, 2008 and includes all properties in zip code 75013, and all activity since January 1, 2008. It includes preowned homes as well as new construction.
There are currently 337 active listings in West Allen (up from 334 in March), with an average list price of $418,362, and average list price per foot of $114. They are staying on the market an average of 95 days.
Good news! There are currently 90 homes under contract in West Allen! This is up from 52 homes under contract in March.
There have been 209 sales in West Allen so far in 2008. The average sales price is $358,749, and the average price per foot is $104. The average days on market for 2008 is 109.
Things are looking up! When I did statistics for January and February 2008, there was an approximate 10 - 11 month absorption rate of inventory in West Allen. As of today, there is an approx. 6 - 7 month supply of inventory. Remember, our prices won't start going up again consistantly, until we get rid of our current inventory. I still like to see a 3 - 4 month supply of inventory, but we are going in the right direction. And we still have 3 good months left of our selling season.
Remember, these are statistics for West Allen in general. To determine a fair market value on your home, we need to look at your particular subdivision. For more specific information on your neighborhood and home, please contact me, Michelle Musick Jones, the #1 Coldwell Banker agent in Collin COunty, as well as the #1 agent for preowned listings sold in all of West Allen. I get results, and I know the market. Go to westalleninfo.com or contact me at 972.731.1222.
Tuesday, May 27, 2008
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