| Market Statistics Lake Highlands Estates Jan. 1, 2008 thru May 31, 2008 |
| **The information provided herein is based on data provided to MLS by local Realtors, and it is intended only as a "general idea" of the current market in this neighborhood. If you are thinking of selling or buying a home, a detailed and custom Market Analysis will be created especially for you. **Homes SOLD statistics will encompass all homes sold and reported to the MLS during the previous six months. If you would like more detailed information about the market activity in this or any other neighborhood in the DFW metroplex, give me a call. Days on Market (DOM) will be affected by fluctuations in sales activity at different times of the year. |
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For any referral we receive from our friends in Old Lake Highlands that results in a closing... anywhere in the DFW area... Elle Realty will contribute $275 cash toward the OLHNA Security Fund-- no strings attached. Just be sure to tell your friends, family and co-workers that when they call, or when you call to give us their information, let us know that this is an OLHNA Neighborhood Referral. We'll take excellent care of your referral and the neighborhood will benefit, too! |
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| Market Statistics Lake Highlands Estates Jan. 1, 2008 thru March 31, 2008 |
| IS THERE A TREND? I continuously evaluate this market to look for trends in pricing, days-on-market and inventory. Based on MLS statistics, the number of houses FOR SALE in Old Lake Highlands remains fairly consistent. There might appear to be more on the market as you drive the area, but more than half of them are under option or pending, (those are not reflected in the stats). Overall the days on market is consistent too, at 96 days vs. 93 the first quarter of 08, but that's almost twice as long as it was this time a year ago! The list prices have inched up, but the actual selling price is definitely down. Every sale affects the overall "average" price per square foot, and it is extremely rare to see a fluctuation that is significantly higher, but just one "bad apple" (home sold far below average due to condition) will have a significant impact on overall price comparables. One reason that a seller benefits from using a Realtor who not only knows the area, but who also lives in the area is that the agent has a vested interest in getting top dollar for your home... it affects their homes' value, too! There are several excellent and experienced agents living in Old Lake Highlands... and I'm happy to say that two of them are Elle agents! If you are thinking of making a move, give us a call! |