Dallas Northwest Real Estate Market - View Dallas Northwest Real Estate Market Trends in Texas

Spring 2012 Market Update According to the reports from Washington DC, last year Texas provided 40% of the jobs nationwide. This has helped the State of Texas and it’s real estate market to be more stable than other areas of the United States. Credit scores as low as 600 will still allow you to purchase a home! Home values in Texas have not depreciated as radically as other states like California, Michigan and Arizona, Florida, Nevada etc. In fact in the Dallas Metroplex there are many cities where home values are climbing as well as sales. Interest rates on 15 year fixed loans can be found on line as low as 3.1 percent and 30 year notes are typically ranging from 4 to 5 percent APR. We remember the days of double digit interest rates!! Did you know that research has consistently shown that the economic benefits of the housing market and home ownership are immense? Not to mention the financial benefits, tax benefits, social benefits for families, communities and the country as a whole. Studies have shown that homeowners have a significant effect on their children’s success. The decision to stay in school by teenage students is higher for those raised by home-owing parents compared to those in renter households. We at the Carley Baker group are determined to locate the loveliest home for the best price possible! What are you waiting for? By the way … YEAH MAVERICKS!!! If you can qualify, now is an exceptional time to buy a home in Dallas Northwest. Call now for more information at Trudy: 903-855-2432 or Karen: 214-662-9809
Average Home Price	$225,000 - View Graph Trend

Average Price Compared to Last Year	Down 0-5%

Average Time on Market	60-90 days

Best Selling Price Range	$250,000 - $299,000

Worst Selling Price Range	$300,000 - $349,000

Prices As % of Asking Price	85-90%

Existing Home Prices for the past 90 days are?	Increasing

Market Trend	Increasing

Buyers’ or Sellers’ Market	More sellers than buyers

Buyer Activity for the past 90 days in Dallas Northwest is	Increasing

Seller Activity for the past 90 days in Dallas Northwest is?	Increasing

Multiple Offers?	Yes

Multiple Offers Commentary	If it is a wonderful lot with a home to tear down, there are multiple offers because of the location.

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?	5-10%

Is Financing Available For Qualified Buyers?	Yes

Comments on Financing For Qualified Buyers	We have lenders that will fund loans for people with credit scores as low as 600. This is subject to change on a daily basis.

Housing Inventory	Good supply - Some Prices

Inventory Comments	Most of this area is ungoing renovations. Homes are purchased to tear down and rebuild with million dollar properties.

Greatest Activity	Repeat Buyers

Reason to Buy/Sell	This is a neighborhood that has become

Nearest Metro Area	N W Dallas

Housing Hot Spots	Most cities within the Dallas County area are considered ’Housing Hotspots’

Average Sold Price	$225,000 - View Graph Trend

Dallas Northwest Local News

Agent quarterly survey shows growing optimism toward a housing market recovery

End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.

Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.

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