Reports from 4th Quarter 2014 closed sales of Single Family homes show an increase in value from 4th Quarter 2013 in Preston Hollow & homes south of LBJ, between Midway & 75.

                                                  4th Qtr. 2013_               4th Qtr.2014 

Average Sales Price              $ 888,343                      $ 1,078.448

Median Sales Price                $ 601,750                      $    783,000

No. of Sales                                   180                                     163

This data was obtained from NTREIS multiple listing service.

These same sort of statistics are reflected in Texas as a whole as well as other neighborhoods in Dallas.  

• 66,664 single-family homes were sold in Texas during the fourth quarter of 2014 - an 8.46% increase from the same time in 2013
• Median sales price for Texas homes increased 7.76% from 2013 4th quarter
• Average sales price increased 6.99%
• Statewide housing inventory hit an all-time low of 3.3 months (6.5 months of inventory are considered to be balanced between supply & demand)

This report uses data from multiple listing services in markets throughout Texas.

For statistics on your neighborhood, contact Hanne.

Hanne Sagalowsky | hanne@ebby.com | 214-210-1530 | International Property Specialist