2nd Q Real Estate Report - Median price of homes (Dallas: for sale, condos)

[FarNorthDallas]

$61,000 Wilmer Hutchins (up 67%)
$71,000 Southeast Dallas (down 6%)
$75,000 South Dallas (down 14%)
$82,950 Oak Cliff (down 8%)

$105,000 Mesquite (down 5%)
$108,850 Duncanville (down 5%)
$112,990 Garland (no change)
$117,250 Lancaster (down 1%)

$122,042 Grand Prairie (down 1%)
$125,000 Cedar Hill (no change)
$125,400 DeSoto (down 6%)
$129,826 Arlington (down 1%)

$135,500 Kaufman County (down 2%)
$133,450 The Colony (no change)
$136,500 Denton County (down 1%)
$137,000 Ellis County (no change)
$137,000 Hurst (up 4%)
$137,750 Irving (up 10%)

$145,700 Sachse-Rowlett (down 1%)
$150,000 Bedford (down 4%)
$152,000 Euless (up 5%)
$158,500 Wylie (up 2%)

$160,000 Carrollton-Farmers Branch (no change)
$162,000 Richardson (up 2%)

$181,500 Rockwall (up 4%)
$183,000 McKinney (up 2%)
$193,000 Allen (up 4%)
$195,500 Northwest Dallas (up 5%)
$195,500 Lewisville-Flower Mound (up 3%)

$212,000 Grapevine (down 2%)
$220,000 Plano (up 3%)
$225,000 East Dallas (up 8%)
$230,000 Northeast Dallas (up 8%)
$236,350 Frisco (up 3%)

$255,000 Coppell (up 6%)
$256,250 Westlake (up 10%)
$271,900 Far North Dallas (no change)
$277,000 Keller (up 5%)
$277,500 Fairview (up 4%)
$288,000 Sunnyvale (up 17%)

$404,500 Oak Lawn (up 99%)
$427,500 Colleyville (up 4%)
$525,000 Southlake (up 6%)
$632,500 North Dallas (up 19%)
$897,000 Park Cities (up 8%)

[momof2dfw]

I saw this report on the DMN. What is really misleading is the figure for the number of home sales. What if there were no more homes for sale??? It really does not take that into consideration. If the people don't want to move and they don't have their home up for sale how can that REALLY negatively affect the market? I'd actually say that HELPS the market as people LIKE and ENJOY where they live and don't want to move. Then of course you have the people that don't care if they move or not and if they see a home or two in the area that sold quick for a great price they stick a for sale sign out in the yard just to see. We had one of those in our area last year.

[FarNorthDallas]

I wonder if that 99% jump in Oak Lawn is related to those condos at Cedar Springs and Oak Lawn that were auctioned off.

[Lakewooder]

East Dallas and the Fair Park area (Area 12) have passed up Plano in median home prices.